ce AFoun *¥. l Report 2025 ## **Contents Page** |**Intro**
**Statistics**
**Bridging The Digital Divide for the Disadvantaged**
**World Impact & Charities Of The Year**
**Employee Nominated Charities**|||||**P3**
**P5**
**P8**
**P12**
**P18**| |---|---|---|---|---|---| ||||||| ||||||| ||||||| Annual Report 2025 ## **Deepening our impact to empower communities** **In our third full year of operation, we are proud to report another period of significant growth and impact. We have approved 145 grants totalling nearly £2.38 million, building on our commitment to support people in need across the UK and around the world. Thanks to the remarkable work of our charity partners, this funding will directly impact 130,000 people and indirectly benefit many more.** In terms of our funding principles, The Foundation continued to focus on charities which fit into one of our three funding pillars. Page 3 **Annual Report 2025** ## **Our funding pillars** ## **Bridging the Digital Divide** Organisations that prioritise the mitigation of the digital divide by supporting disadvantaged and vulnerable people through digital education and resources, as well as better access to computing facilities and services. This year has seen the extension of the latter two pillars into supporting environmental concerns. The UK split its funding towards two charities of the year, one of which was the Marine Conservation Society. Our scheme for employee nominated grants also enabled The Foundation to support organisations running environmental projects which Access employees are passionate about. All pillars saw continued investment this year. The continued passion of our employees remains a core driver of our grant-making, with a significant number of organisations ## **Access Charities of the Year** Charities that have been selected as The Access Group charities of the year, with specific projects or activities. receiving funding through our employee nomination scheme. We were delighted to see nominations from across our global locations, including the UK, Ireland, Romania, Australia, New Zealand, and the USA. The expansion of our Charities of the Year programme continues to be a major focus, enabling us to forge deeper partnerships with leading non-profits. This year, we supported ten incredible charities, funding large-scale projects addressing everything from childhood cancer and mental health to marine conservation and refugee support. ## **Employee Nominated Charities** Organisations that a member of staff of The Access Group has either experienced significant support from (either for themselves or a close relative), or contributes a significant portion of their own time in supporting. Our funding for Bridging the Digital Divide projects remains our largest pillar, with over **£1.3 million** invested in helping disadvantaged people gain the skills and access needed to thrive in the digital world. In addition to monetary grants, we have expanded our in-kind support. In partnership with The Access Group, we have distributed over **250 refurbished laptops** to numerous charities. We also continued our partnership with Vodafone, providing **prepaid SIM cards** to help vulnerable individuals stay connected. Page 4 Annual Report 2025 **Stats over the years Stats at a glance** **We are committed to continually measuring our own performance and achievements to ensure our impact remains as significant as possible.** By continuing to develop the most relevant key performance indicators for The Access Foundation, both internally and for benchmarking against industry best practice, we will ensure we work towards our goal of becoming recognised as a world class charitable foundation. Page 5 Annual Report 2025 ## **Breakdown by Pillar** **----- Start of picture text -----**
£1.41m £2.18m £2.38m
Total Funding Total Funding Total Funding
£501k Charity of the Year £644k Digital Divide £261k Employee Nominated £1.05m Charity of the Year £865k Digital Divide £271k Employee Nominated £663k Charity of the Year £1.33m Digital Divide £386k Employee Nominated
**----- End of picture text -----**
**FY23 FY24 FY25** ## **Number of Grants Given** **72 119 145 FY23 FY24 FY25** Charity of the Year: 3 Digital Divide: 39 Staff Sponsored: 30 Charity of the Year: 18 Charity of the Year: 11 Digital Divide: 47 Digital Divide: 62 Staff Sponsored: 54 Staff Sponsored: 72 Page 6 Annual Report 2025 ## **Sectors Covered by Grants** **----- Start of picture text -----**
FY23
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Physical Health: 27 Mental Health: 7 Young People: 12 Elderly: 4 Social Exclusion: 14 Local Community: 8 Environment: 0 ## **FY24** Physical Health: 41 Mental Health: 12 Young People: 29 Elderly: 4 Social Exclusion: 18 Local Community: 15 Environment: 0 ## **FY25** Physical Health: 53 Mental Health: 8 Young People: 38 Elderly: 5 Social Exclusion: 29 Local Community: 10 Environment: 2 ## **World-Class Efficiency** **FY23 FY24** **Amount spent on Overheads 2% Amount given to Grantees 98% Days taken to Approve Grant 20** **Amount spent on Overheads 2% Amount given to Grantees 98% Days taken to Approve Grant 29 Days taken to pay an invoice 10** **Days taken to pay an invoice 10** **FY25** **Amount spent on Overheads 2% Amount given to Grantees** **Days taken to Approve Grant 27 Days taken to pay an invoice 15** Page 7 Annual Report 2025 **Disadvantaged Backgrounds** ## **Bridging The Digital Divide for the Disadvantaged** **Our grant funding for the Digital Divide has supported a broad and innovative range of projects this year, consolidated across several key areas of need.** We continue to learn from the exceptional organisations we support and have renewed our commitment to tackling digital inequality in all its forms. Page 8 Annual Report 2025 **Zenna Hopson, CEO – Dallaglio RugbyWorks “We’re incredibly grateful for this funding, which enables us to deliver vital digital skills workshops to young people who are often overlooked.”** Page 9 Annual Report 2025 ## **Social Exclusion** We have been pleased to extend our funding to organisations working to reduce social exclusion. Our grants have impacted those experiencing homelessness through renewed funding for **Mustard Tree (£80,000)** in Manchester, alongside support for **Spitalfields Crypt Trust (£10,000)** in London and **East Ayrshire Churches Homelessness Action (£36,000)** in Scotland. Our grants have also been crucial in supporting the integration of refugees **Afghanistan and Central** and migrants, with a significant grant to the **Asian Association (£42,100)** to run a 12-month digital skills programme in West London, and to **The Flowhesion Foundation (£50,000)** to deliver tailored digital literacy training across Greater Manchester. ## **Disability & Health** Disability and health can present significant barriers to digital engagement. This year, we funded **Lifelites (£36,500)** to provide advanced assistive technology for children with life-limiting conditions in palliative care services across the UK. We also supported **Breaking Barriers NW (£24,000)** to launch a project for disabled children and young people, providing adaptive devices and skills workshops. For adults, a grant to **The Rainbow Centre (£6,000)** is helping those with neurological conditions use technology to manage their daily lives with greater autonomy. ## **Young People** There is no doubt that bridging the digital divide for young people offers **Dallaglio RugbyWorks** transformative, long-term benefits. A grant to **(£45,000)** will deliver digital skills workshops to 240 young people excluded from school. In Manchester, **Rekindle School (£7,075)** received funding for a digital innovation programme empowering disadvantaged youth to master emerging technologies like AI and Robotics. Page 10 Annual Report 2025 ## **Local Community** Charities working within a specific local community have continued to be a large part of our funding. A grant to **The Big League CIC (£48,020)** in Hartlepool is supporting a dedicated Digital Hub to help marginalised residents access equipment and training. In Sterling, Scotland, **Inspiring Communities SCIO (£26,623)** received funding for a programme that will reduce social isolation for over 200 community members by giving them the confidence to interact with the digital world. We have renewed our commitment to supporting further education with scholarship grants to both **Aston University** in the UK and **Universiti Tunku Abdul Rahman (UTAR)** in Malaysia. The grants will provide financial support to 14 students from disadvantaged backgrounds to pursue their studies for the next three years. ## **The Elderly** Finally, we have maintained our focus on supporting the elderly, a group **Age UK Sunderland** that can benefit hugely from greater connection. **(£14,430)** received a grant to establish a computer room and provide training for 200 older adults, while **North Bristol Advice Centre (£10,516)** is using its funding to continue its successful ‘Tea & Tech’ project, helping older people build confidence and stay connected. Page 11 Annual Report 2025 ## **World Impact & Charities Of The Year How our grants impact different regions of the world** **The global reach of The Access Group has enabled us to partner with eleven outstanding Charities of the Year, chosen by our employees in each major territory.** This year, we directed **£662,933** to fund specific, high-impact projects that align with our core mission. Page 12 Annual Report 2025 **Amy Hannagan - Corporate Partnerships Manager - Pancreatic Cancer UK “With The Access Foundation’s support, we will be able to provide vital personalised support to 55 patients and their loved ones.”** Page 13 ## **UK & Europe** ## **Young Lives vs Cancer** The Foundation approved a grant of **£339,960** to provide 1,233 hardship grants for families of young people with cancer. These grants help alleviate the sudden financial burdens of travel, accommodation, and lost income, allowing families to focus on their child’s care without facing spiralling debt. ## **Marine Conservation Society** A grant of **£84,990** will fund a three-year programme engaging 10,000 young people in ocean education, supporting the annual Beachwatch litter report, and funding the Seasearch programme where volunteer divers collect vital data on the health of our marine habitats. ## **The Alzheimer Society of Ireland** The Foundation is supporting a national initiative to build dementia inclusive communities with a grant of **£19,013.** This will fund the expansion of a dementia awareness training programme, empowering communities to become more compassionate and supportive for people living with dementia. ## **United Way of Romania** A grant of **£77,735** will enable 360 disadvantaged children to participate in the ‘Reading Adventure’ programme. By developing essential literacy skills, the project aims to reduce school dropout rates and improve long-term opportunities for vulnerable children. Page 14 ## **Asia and Australasia** ## **Beyond Blue** A grant of **£51,408** will directly fund the Beyond Blue telephone and online counselling service, answering an estimated 1,500 calls from people in distress and providing life-saving support during their darkest times. ## **Sir John Kirwan Foundation** A grant of **£11,205** from The Foundation is supporting the delivery of a research-driven programme of mental health education across 200 schools in the country, giving children the skills and understanding to nurture their mental health and help others do the same. ## **SUKA Society** The Foundation approved a grant of **£35,070** to support the comprehensive care of 45 unaccompanied refugee children for one year. This funding covers their food, rent, medical expenses, and education fees, ensuring they are cared for in a safe foster family environment. Page 15 ## **Asia and Australasia** ## **Blue Dragon Children’s Foundation** A grant of **£14,114** is helping 190 survivors of human trafficking return to their hometowns. The funding provides emergency kits, care packages, and in-home counselling to help these women and girls heal, stay safe, and rebuild their lives. ## **Ceylon School for the Deaf and Blind** To improve future job prospects and higher education opportunities, the Foundation funded extra after-school English classes for 20 students at this historic school, which has provided free education since 1912. Page 16 ## **North America** ## **National Organization for Rare Disorders (NORD):** A grant of **£24,122** is supporting the growth of NORD’s “Expert Monthly Case Conference Series.” This initiative allows 500 medical specialists to collaborate on complex and difficult-to-diagnose rare disease cases, aggregating medical knowledge to improve patient outcomes. **Page 17** Annual Report 2025 ## **Charities Supported** ## **Employee Nominated Charities** **We have continued to expand our offering in this pillar significantly this year, with 72 charities receiving a grant to continue the valuable work they are doing across a myriad of sectors, needs, and locations.** To qualify for consideration as an employee-nominated charity, there has to be a strong emotional connection with the member of staff nominating it. This is generally through support they or a close relative have received from the charity, or through a long-standing relationship with the organisation as a volunteer. We have been constantly impressed by the quality of the nominations received and the passion of our people to support causes that matter deeply to them. Page 18 Annual Report 2025 **Rachel Kirby-Rider, Chief Executive - Young Lives vs Cancer “Thank you so much to The Access Foundation for their generous grant, this will make a huge difference to the young people and families we support.“** Page 19 Annual Report 2025 ## **Charities Supported** ## **Championing Health, Dignity, and Wellbeing** A significant number of nominations came from the healthcare sector, with grants supporting everything from cutting-edge research to compassionate end-of-life care. A grant to **The Daisy Garland** funded 13 life-saving night-time seizure monitors for children with drug-resistant epilepsy, giving their families invaluable peace of mind. We supported the **Pancreatic Cancer UK** Nurse Support Line, connecting newly diagnosed patients with expert emotional and practical guidance. In the USA, a grant to the **Preeclampsia Foundation** distributed over 250 at-home blood pressure monitoring kits, empowering pregnant women to monitor their health safely. Dignity in care was a recurring theme. Our grant to **Sue Ryder Leckhampton Court Hospice** purchased a specialist stretcher, allowing bedbound patients to be taken outside to enjoy the hospice grounds, honouring their final wishes. Our commitment to compassionate end-of-life care was also shown through grants to **St Giles Hospice,** which funded 156 hours of specialist support, and **The Myton Hospices** , whose funding provided for 47 home visits, allowing patients to remain in the comfort of their own homes. We also supported organisations focused on wellbeing and confidence. A grant to **Alopecia UK** is funding activity groups for children, creating a safe environment for them to share experiences and build friendships. Meanwhile, a grant to **SSNAP** at the John Radcliffe Hospital is funding a secure video platform, helping over 1,000 families stay connected with their newborns in intensive care. Page 20 Annual Report 2025 ## **Charities Supported** ## **Fostering Disability and Inclusion** Our employees championed numerous organisations dedicated to breaking down barriers for people with disabilities. A grant to **The Living Paintings Trust** is helping to make the visual world accessible to blind and visually impaired children by funding the creation of a new audio-tactile book for their library. To preserve dignity and agency, our support for the **Irish Motor Neurone Disease Association** is providing advanced, eye-gaze communication devices to individuals who have lost their ability to speak. We also funded projects focused on mobility and independence. **The Matt Hampson Foundation** received a grant to purchase a motorised mobility aid, giving young people with serious sports injuries the freedom to explore the outdoors. A grant to the **Circle of Support for Autism Families** is funding innovative canine therapy sessions to reduce anxiety and improve communication for children with autism. And showcasing our global reach, a grant to **IHC New Zealand** is supporting a Kapa Haka cultural programme, empowering people with intellectual disabilities to celebrate their identity and build social inclusion through traditional Māori performance. Page 21 Annual Report 2025 ## **Charities Supported** ## **Empowering Children and Young People** Charities supporting the welfare of children and young people were a popular source of nominations. We helped give 35 **Dreamflight** children with serious illnesses their “holiday of a lifetime” in Florida, an experience that helps them regain confidence and a positive outlook. A grant to **Prom Ally CIC** is helping to ensure no teenager misses their school prom due to financial hardship by offering free loans of prom **Little Lady Locks** received funding to provide outfits. In a similar vein, ten bespoke, high-quality wigs to children across the UK experiencing medical hair loss. We also supported crucial youth services. In Romania, a grant to the **St. Dimitri Foundation** is facilitating educational support to prevent children from dropping out of school. Our funding for **Crossroads Young Carers** provides respite for children caring for family members, and a grant to **The Young Lives Foundation** supports its Gravesham Youth Hub. Our support has a global reach, with a grant to the **I Am Hope Foundation** in New Zealand funding 70 counselling sessions for young people, providing a safe space for them to talk without judgement. Page 22 Annual Report 2025 ## **Charities Supported** ## **Building Resilient and Connected Communities** Our employee-nominated grants have also strengthened the fabric of local communities. A grant to the **Abbey Physic Community Garden** is funding a Men’s Breakfast Club, a simple but powerful initiative to tackle social isolation. We supported the vital work of **Survivors of Bereavement by Suicide** , enabling a local branch to deliver activities that help adults build emotional resilience and feel less alone in their grief. In Ireland, a grant to **Meals on Wheels Clonmel** is supporting an essential service for isolated elderly people, where the delivery driver is often the only person they see for weeks. Our funding also stretched across the globe to protect our shared environment, with a grant to the **Reef Restoration Foundation** in Australia helping to preserve the Great Barrier Reef by training a new diver to maintain vital coral nurseries. Finally, we supported organisations focused on rehabilitation and empowerment. A grant to **Tempus Novo** is helping two ex-offenders transition from prison into secure employment, while funding for the **Luton All Women’s Centre** will help furnish a new training room, creating a safe, functional space for survivors of trauma to rebuild their lives. Page 23 **Charity number: 1194267** ## **THE ACCESS FOUNDATION** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 JUNE 2025** ## **THE ACCESS FOUNDATION** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 7| |**Trustees' responsibilities statement**|8| |**Independent auditors' report on the financial statements**|9 - 12| |**Statement of financial activities**|13| |**Balance sheet**|14| |**Statement of cash flows**|15| |**Notes to the financial statements**|16 - 28| ## **THE ACCESS FOUNDATION** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025** **Trustees** Robert Parkinson, Chair Ian Little, Trustee Kevin Misselbrook, Trustee Piers Mcleish, Trustee Manesh Patel, Trustee (appointed 6 May 2025) Claire Craig, Trustee (appointed 6 May 2025) **Charity registered number** 1194267 **Principal office** Armstrong Building 10 Oakwood Drive Loughborough Leicestershire LE11 3QF **Independent auditors** WR Partners Chartered Accountants 3 Royal Court Gadbrook Way Gadbrook Park Northwich Cheshire CW9 7UT Page 1 ## **THE ACCESS FOUNDATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025** The trustees present their annual report and financial statements for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, dated 18th February 2021, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** ## **a. Policies and objectives** The Foundation awards grants for the public benefit to charitable organisations with three broad categories. ## **b. Strategies for achieving objectives** The grants awarded fall into three broad categories: ## • _**Bridging the Digital Divide**_ To support organisations which have the objective of mitigating the digital divide by making computing facilities, support and/or learning available to disadvantaged and vulnerable people. ## • _**Access Charities of the Year**_ To support charities which have been chosen or shortlisted as The Access Group charities of the year, with specific projects or activities they are passionate about. Grants are normally made for specific projects or activities. ## • _**Staff-Sponsored Charities**_ To advance the charitable causes of charities for whom there’s a strong emotional connection with a member of staff (e.g. through support they or a close relative or close friend have received). ## **c. Main activities undertaken to further the Charity's purpose for the public benefit** In order to achieve its objectives for the public benefit, the Foundation seeks, through a variety of channels, applications from charities for project funding in line with the Foundation’s objectives. ## **d. Public Benefit** In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **e. Grant-making policies** The Foundation’s Grant Making Policy (available on the Foundation’s web site) sets out the broad priorities, principles and approach for awarding and monitoring grants to organisations to support initiatives which align with its objectives. Grants are restricted to charities operating in the same countries as the offices of Access Group companies.The number of applications which can be supported by The Access Foundation is, by necessity, limited to the amount of funds available for distribution in line with the Foundation’s general reserves policy. The Board of Trustees will setaside an annual budget for grant giving which will be reviewed at least biannually to ensure appropriate allocation of resources. Applications may only be made by bona fide charities, CICs, Educational establishments and CIOs, not individuals. Page 2 ## **THE ACCESS FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** ## **Objectives and activities (continued)** The preference for grant giving will be for applications for specific services, activities, initiatives or projects with clearly identified and measurable outcomes. Funding will not normally be provided where general overheads or operational costs of a charitable organisation are a significant proportion of the grant value. While there is no definitive maximum or minimum value for the grants the Foundation will award, the expected ranges are different depending on the grantgiving objective as follows: - for mitigating the digital divide, the foundation will generally award grants between £5,000 and £50,000. This funding will normally support a project that completes within a 12 month period. By exception the Foundation may consider supporting a longer running multiyear project and in such cases, would entertain applications with proportionately larger values. - or grants awarded to the Access Group ‘Charities of the Year’, the foundation will generally award grants of between £3,000 and £500,000. - or grants awarded to Access staff sponsored charities, the Foundation will generally awards grants in the region of £5,000. These values are indicators only and are not set in stone so the trustees would encourage any potential applicant to contact the Foundation with proposals if they are outside of these parameters. Any grant made by the trustees shall be made at the absolute discretion of the Trustees. The Access Foundation will not normally fund any of the following: - applications for grants from individuals. - applications for organisations’ general running costs or overheads. - religious organisations or religious activity which is not for wider public benefit - animal charities. The Foundation reserves the right to decline any application and there is no obligation on the Foundation to provide a reason for its decision. Each decision is final and there is no appeal process. ## **f. Volunteers** The Foundation has five volunteers who fulfil roles as Foundation Ambassadors, providing a strong link between the Foundation and staff of The Access Group to facilitate the Staff Sponsored Charity aspect of the Foundation’s giving. ## **g. Main activities undertaken to further the Foundation's purposes for the public benefits** The Foundation awards grants to charitable organisations that benefit the under privileged within the framework of its three main objectives. Grants have been made to a wide range of organisations including: Educational: The Charity has continued to sponsor students at Loughborough, Aston and Birkbeck universities donating over £155,000 to enable attendance for those who would otherwise be unlikely to apply for higher education. Children: £485,000 was donated via seven grants to charities including Magic Breakfast. Page 3 ## **THE ACCESS FOUNDATION** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** ## **Objectives and activities (continued)** Local Community organisations: donating £461,000 via 21 grants to projects including homelessness and poverty. Healthcare: £354,000 via 9 grants to projects including Parkinsons. More details can be found in the Charity’s impact report which is available on our web site. ## **Achievements and performance** ## **a. Main achievements of the Charity** FY25 was the Foundation’s third full financial year. The Foundation approved 145 grants, awarding a total of £2.38m (2024: 135 grants totalling £2.48m). ## **b. Key performance indicators** The key performance of the Foundation is measured by its success in awarding grants to eligible charities in line with the Foundation’s objectives and grant making policies as set out above.During this year the Foundation started measuring some key KPIs around the efficiency of the grant making process and proportion of expenditure on grants awarded (versus internal running costs). The KPIs are as follows: Amount spent on Overheads 2% Amount given to Grantees 98% Average days taken to Approve Grant 27 Average days taken to pay an invoice 15 ## **c. Factors relevant to achieve objectives** When grants are made an emphasis is placed on giving to distinct projects that can be clearly measured to ensure known outcomes. This is made clear to applicants and a condition of the grant award. This emphasis is a key factor in our drive for effective use of the Foundation’s funds. Annual budgets are set for the values of grants to be awarded for each category having consideration for the Foundation’s funds held and future funds anticipated. The Trustees review actual grants issued against these budgets within the monthly management accounts reviews to ensure that they are aware of pace of grants against budgets. Progress of all successful grant applications is monitored in a Grant Progress Worksheet to enable the Trustees to ensure that the process is undertaken as efficiently as possible and the timeframe from application to grant is as short a period as reasonably possible and the funds can be put to good use without delay. ## **d. Fundraising activities and income generation** The charity operates a lottery to raise funds. All fundraising is carried out in accordance with the Fundraising Regulator’s Code of Fundraising Practice and the requirements of the Gambling Act 2005. The Trustees monitor the charity's fundraising approach to ensure that it is responsible, transparent and aligned with our values. The lottery is operated with appropriate controls to protect participants, ensure compliance with age-restriction requirements, and provide clear information about how proceeds benefit the charity’s work. The charity did not receive any complaints relating to fundraising during the year. Page 4 **THE ACCESS FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** ## **Achievements and performance (continued)** ## **e. Investment policy and performance** The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in interest-bearing deposit accounts and seek to achieve a rate on deposit which matches or exceeds inflation as measured by the retail prices index. Due to wider economic circumstances deposit rates have been depressed and so this aim was not always achieved as and when deposits matured and were subsequently reinvested in the period. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The Foundation is well funded with strong cash reserves at the year end and with anticipated additional cash to be realised at the next refinancing round via the sale of shares in The Access Group. This will take cash reserves up to a value representing more than 5 years of anticipated out goings. During the Financial Year ended 30 June 2025 the Foundation distributed grant values as per their budgeted expectations drawing on reserves to fulfil this commitment. The current level of reserves is £13.87m (2024: £15.98m). The Foundation has a reserves policy of retaining sufficient cash reserves to cover all anticipated grant awards and operational expenditure for a period of 5 years. The current level of reserves together with the funds received in the next refinancing round will be utilised to enable the Foundation to award grants in line with its objectives and grant making policy over the next 5 years. ## **c. Principal funding** The principal source of funding for the Foundation is The Access Group. The Foundation was gifted, at its inception, shares in the Access Group. This forms the majority of the Charity’s funds held. In addition, gifts were made to the Foundation by the company’s senior management team. Further gifts of shares are anticipated and this, along with the increase in value of the shares held will form the majority of the funding for the Foundation. The trustees will invest cash funds held in a prudent way to ensure good return on investment within the risk parameters of the Foundation. ## **Structure, governance and management** ## **a. Constitution** The Access Foundation is a registered charity, number 1194267, and is constituted under a Trust deed. Page 5 ## **THE ACCESS FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** ## **Structure, governance and management (continued)** ## **b. Methods of appointment or election of Trustees** The management of the Foundation is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. Organisational structure and decision-making policies** The Foundation’s current policy concerning the payment of trade creditors is to follow the CBI’s Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London, WC1A 1DU). The Trustees attend two weekly meetings, an Application Assessment meeting (at which grant applications are considered and, if deemed appropriate put forward to the Trustees meeting for acceptance) and a Trustees meeting (for governance, strategy, management issues and grant awards). A minimum of two Trustees need to be present in order for the meetings to go ahead. ## **d. Policies adopted for the induction and training of Trustees** Each of the original four Trustees of the Foundation are ex-employees of The Access Group and know the founding members’ rationale for setting up the Foundation. Thus, the charitable objectives are well understood. Two of the six Trustees are also experienced trustees with other charities and, adding this experience to regular awareness sessions (often using Charity Commission resources) gives a high standard of Trusteeship. The Trustees take, and have taken, professional advice when appropriate. This year, the trustee board has been expanded to increase the breadth of experience and diversity in the group. The original four trustees have been joined by Manesh Patel and Claire Craig, who bring with them many years of experience in the banking industry and local government respectively. The different perspectives brought into the regular trustee meetings have already enriched the quality of both discussion and decisionmaking. ## **e. Related party relationships** Trustee expenses paid in the period totalled £93. Trustees are required to disclose all relevant interests (which are regularly reviewed). ## **f. Financial risk management** The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## **Disclosure of information to auditors** Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: - so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and - that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. ## **Auditors** The auditors, WR Partners, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Page 6 ## **THE ACCESS FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** Approved by order of the members of the board of Trustees and signed on their behalf by: **Robert Parkinson** Chair of Trustees Date: 13 January 2026 Page 7 ## **THE ACCESS FOUNDATION** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025** The Trustees are responsible for preparing the Trustees' report and the financial 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 requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity 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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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. Approved by order of the members of the board of Trustees on 13 December 2026 and signed on its behalf by: **Robert Parkinson** Chair of Trustees Page 8 **THE ACCESS FOUNDATION** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION** ## **Opinion** We have audited the financial statements of The Access Foundation (the 'charity') for the year ended 30 June 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 30 June 2025 and of its incoming resources and application of resources 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 requirements of 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements 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 twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 9 ## **THE ACCESS FOUNDATION** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED)** ## **Other information** The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. 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. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; 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, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, 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. Page 10 ## **THE ACCESS FOUNDATION** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED)** ## **Auditors' responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but 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 financial statements. 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: • We reviewed the susceptibility of the charity's financial statements to material misstatement and identified the principal risks, implementing a series of testing procedures to provide us with sufficient comfort to issue our opinion. • We reviewed the charity's regulatory environment to ensure we could conclude that it had acted in accordance with the framework relevant to the charity and its environment and identify any instances of non-compliance. • We also assessed the charity's internal control procedures to ensure we could appropriately scrutinise these controls and establish whether our understanding of the control environment was sufficient to supplement our additional testing procedures. • The engagement team consisted of a team that the engagement partner believes is equipped with the relevant level of technical and charity awareness to carry out our work to the required standard. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. ## **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 Auditors' 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. Page 11 ## **THE ACCESS FOUNDATION** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ACCESS FOUNDATION (CONTINUED)** ## **WR Partners** Chartered Accountants Statutory Auditors 3 Royal Court Gadbrook Way Gadbrook Park Northwich Cheshire CW9 7UT 15 January 2026 WR Partners are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 12 ## **THE ACCESS FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025** |**Note**
**Income from:**
Donations and legacies
4
Other trading activities:
5
_._ Other trading activities
Investments
6
**Total income**
**Expenditure on:**
Charitable activities
8
**Total expenditure**
**Net expenditure**
Transfers between funds
17
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**29,380**
**6,000**
**-**
**35,380**
**736,774**
**736,774**
**(701,394)**
**57,200**
**(644,194)**
**1,579,104**
**(644,194)**
**934,910**|**Unrestricted**
**funds**
**2025**
**£**
**2,898**
**36,804**
**485,867**
**525,569**
**1,936,321**
**1,936,321**
**(1,410,752)**
**(57,200)**
**(1,467,952)**
**14,400,439**
**(1,467,952)**
**12,932,487**|**Total**
**funds**
**2025**
**£**
**32,278**
**42,804**
**485,867**
**560,949**
**2,673,095**
**2,673,095**
**(2,112,146)**
**-**
**(2,112,146)**
**15,979,543**
**(2,112,146)**
**13,867,397**|_Total_
_funds_
_2024_
_£_
_87,100_
_6,280_
_296,011_
_389,391_
_2,557,045_
_2,557,045_
_(2,167,654)_
_-_
_(2,167,654)_
_18,147,197_
_(2,167,654)_
_15,979,543_| |---|---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 16 to 28 form part of these financial statements. Page 13 ## **THE ACCESS FOUNDATION** ## **BALANCE SHEET AS AT 30 JUNE 2025** |**Note**
**Fixed assets**
Investments
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
16
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
17
Unrestricted funds
17
**Total funds**|**12,740**
**6,000**
**6,685,968**
**6,704,708**
**(361,968)**|**2025**
**£**
**7,524,657**
**7,524,657**
**6,342,740**
**13,867,397**
**13,867,397**
**13,867,397**
**934,910**
**12,932,487**
**13,867,397**|_57,200_
_13,199_
_8,551,741_
_8,622,140_
_(167,254)_|_2024_
_£_
_7,524,657_| |---|---|---|---|---| |||||_7,524,657_
_8,454,886_| |||||_15,979,543_| |||||_15,979,543_| |||||| |||||_15,979,543_| |||||_1,579,104_
_14,400,439_| |||||| |||||_15,979,543_| The financial statements were approved and authorised for issue by the Trustees on 13 January 2026 and signed on their behalf by: ## **Robert Parkinson** Chair of Trustees The notes on pages 16 to 28 form part of these financial statements. Page 14 ## **THE ACCESS FOUNDATION** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025** |**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
**Net cash provided by investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 16 to 28 form part of these financial statements|**2025**
**£**
**(2,351,639)**
**485,867**
**485,867**
**-**
**(1,865,772)**
**8,551,740**
**6,685,968**|_2024_
_£_
_(1,493,192)_
_296,011_
**296,011**
**-**
**(1,197,181)**
_9,748,921_
_8,551,740_| |---|---|---| Page 15 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **1. General information** The Access Foundation, is a Charitable Incorporated Organisation, limited by guarantee registered 18 February 2021. The objects of The Access Foundation are to award grants to other charitable organisations for the purpose of public benefit as the Trustees, may at their discretion, think fit. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charity's trust deed, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit 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 have involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is 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, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **2.2 Going 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 the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **2.3 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 recognised on receipt. Other donations are recognised once the charity has been notified on 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 is recognised at the time of the donation. Page 16 ## **THE ACCESS FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **2. Accounting policies (continued)** ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. ## **2.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.6 Fixed asset investments** Fixed asset investments are initially measured at market value and are subsequently reviewed for impairment on an annual basis. ## **2.7 Stocks** Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. ## **2.8 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Page 17 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **2. Accounting policies (continued)** ## **2.10 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.11 Financial instruments** The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **2.12 Pensions** The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. ## **2.13 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 18 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **3. Critical accounting estimates and areas of judgment** Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. ## **4. Donations and legacies** |Donations and gifts
_Total 2024_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
29,380
2,898
_87,100_
_-_|**Total**
**funds**
**2025**
**£**
**32,278**
_87,100_|_Total_
_funds_
_2024_
_£_
_87,100_| |---|---|---|---| ||||| ## **5. Income from other trading activities** ## **Income from fundraising** |Lottery income
_Total 2024_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
6,000
36,804
_-_
_6,280_|**Total**
**funds**
**2025**
**£**
**42,804**
_6,280_|_Total_
_funds_
_2024_
_£_
_6,280_| |---|---|---|---| ||||| Page 19 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **6. Investment income** |**Unrestricted**
**funds**
**2025**
**£**
Interest Receivable
485,867
_Total 2024_
_296,011_|**Total**
**funds**
**2025**
**£**
**485,867**
_296,011_|_Total_
_funds_
_2024_
_£_
_296,011_| |---|---|---| |||| ## **7. Grants Payable** |Grants to institutions
_Total 2024_|**Grants to**
**Institutions**
**2025**
**£**
2,534,904
_2,477,944_|**Total**
**funds**
**2025**
**£**
**2,534,904**
_2,477,944_|_Total_
_funds_
_2024_
_£_
_2,477,944_| |---|---|---|---| ||||| The Charity has made 145 grants (2024: 135 grants) to institutions during the year. The following are material grants to institutions paid during the year: |**Name of institution**
Magic Breakfast
Parkinson's UK
Young Lives vs Cancer
Birckbeck University Careers Programme
The Mustard Tree
Marine Conservation Society
Other grants to institutions|**2025**
**£**
**-**
**-**
**339,960**
**96,092**
**80,000**
**84,990**
**601,042**
**1,933,862**
**2,534,904**|_2024_
_£_
_396,545_
_302,676_
_-_
_-_
_-_
_-_| |---|---|---| |||_699,221_
_1,778,723_| |||| |||_2,477,944_| Page 20 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **8. Charitable Activities** |Direct costs
_Total 2024_
**Charitable activities**
Charitable activities
_Total 2024_|**Other direct**
**costs**
**2025**
**£**
81,808
_36,343_|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
736,774
1,936,321
_1,083,702_
_1,473,343_
**Grant**
**funding of**
**activities**
**(see note 6)**
**2025**
**Share of**
**support &**
**governance**
**costs**
**2025**
**£**
**£**
2,534,904
56,383
_2,477,944_
_42,758_|**Total**
**2025**
**£**
**2,673,095**
_2,557,045_
**Total**
**funds**
**2025**
**£**
**2,673,095**
_2,557,045_|_Total_
_2024_
_£_
_2,557,045_| |---|---|---|---|---| |||||_Total_
_funds_
_2024_
_£_
_2,557,045_| |||||| ## **9. Charitable activities** Page 21 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **9. Charitable activities (continued)** ## **Analysis of direct costs** |Laptops distributed
Website costs
Postage
Scholar vouchers
Foreign exchange costs
_Total 2024_
**Analysis of support costs**
Staff costs
Legal & professional fees
Administration costs
Bank charges
Loss on exchange
Non-staff travel & expenses
Governance costs
_Total 2024_|**Activities**
**2025**
**£**
73,840
5,235
531
-
2,202
81,808
_36,343_
**Activities**
**2025**
**£**
25,682
838
15,997
2,041
428
93
11,304
56,383
_42,758_|**Total**
**funds**
**2025**
**£**
**73,840**
**5,235**
**531**
**-**
**2,202**
**81,808**
_36,343_
**Total**
**funds**
**2025**
**£**
**25,682**
**838**
**15,997**
**2,041**
**428**
**93**
**11,304**
**56,383**
_42,758_|_Total_
_funds_
_2024_
_£_
_29,900_
_5,882_
_141_
_420_
_-_| |---|---|---|---| ||||_36,343_| ||||_Total_
_funds_
_2024_
_£_
_11,126_
_3,148_
_5,795_
_8,731_
_3,188_
_-_
_10,770_| ||||_42,758_| ||||| Page 22 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **10. Auditors' remuneration** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Fees payable to the Charity's auditor for the audit of the Charity's annual||| |accounts|**8,975**|_8,550_| ## **11. Employees** |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
**24,667**
**282**
**733**
**25,682**|_2024_
_£_
_10,005_
_666_
_455_| |---|---|---| |||| |||_11,126_| The average number of persons employed by the Charity during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Administration|**2**|_1_| No employee received remuneration amounting to more than £60,000 in either year. ## **12. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . During the year ended 30 June 2025, expenses totalling _£_ 93 were paid to one trustee. _(2024 - £NIL_ ). Page 23 ## **THE ACCESS FOUNDATION** |**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2025**||| |---|---|---| |**13.**
**Fixed asset investments**
**Cost or valuation**
At 30 June 2025
**Net book value**
At 30 June 2025
_At 30 June 2024_
**14.**
**Stocks**
Donated laptops
**15.**
**Debtors**
Trade debtors
Prepayments and accrued income
**16.**
**Creditors: Amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**12,740**
**2025**
**£**
**6,000**
**-**
**6,000**
**2025**
**£**
**159,010**
**236**
**100**
**202,622**
**361,968**|**Investments**
**£**
**7,524,657**
**7,524,657**
_7,524,657_
_2024_
_£_
_57,200_
_2024_
_£_
_-_
_13,199_
_13,199_
_2024_
_£_
_10,185_
_-_
_-_
_157,069_
_167,254_| Page 24 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **17. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
Reserves
**Restricted funds**
Restricted Funds - all funds
Donated Laptops
**Total of funds**|**Balance at 1**
**July 2024**
**£**
**14,400,439**
**1,579,104**
**-**
**1,579,104**
**15,979,543**|**Income**
**£**
**525,569**
**-**
**35,380**
**35,380**
**560,949**|**Expenditure**
**£**
**(1,936,321)**
**(656,934)**
**(79,840)**
**(736,774)**
**(2,673,095)**|**Transfers**
**in/out**
**£**
**(57,200)**
**-**
**57,200**
**57,200**
**-**|**Balance at**
**30 June**
**2025**
**£**
**12,932,487**| |---|---|---|---|---|---| ||||||**922,170**
**12,740**| ||||||**934,910**| ||||||**13,867,397**| ## **Transfers between funds** Laptops donated in 2024 at a value of £57,200 have been transferred to restricted funds to ensure these funds are separately identifiable from general funds. In 2024, funds donated in prior years were transferred from restricted to unrestricted funds following confirmation from the donors that they do not wish to apply any restriction to the use of the funds within the charity's objectives. Page 25 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **17. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
Reserves
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|_Balance at_
_1 July 2023_
_£_
_14,812,161_
_3,335,036_
_18,147,197_|_Income_
_£_
_389,391_
_-_
_389,391_|_Expenditure_
_£_
_(1,501,113)_
_(1,055,932)_
_(2,557,045)_|_Transfers_
_in/out_
_£_
_700,000_
_(700,000)_
_-_|_Balance at_
_30 June_
_2024_
_£_
_14,400,439_| |---|---|---|---|---|---| ||||||_1,579,104_| ||||||_15,979,543_| ## **18. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** ||||**Total**
**funds**
**2025**
**7,524,657**
**6,704,707**
**(361,968)**
**13,867,397**| |---|---|---|---| |Trade investments
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2025**
**£**
-
934,910
-
934,910|**Unrestricted**
**funds**
**2025**
**£**
7,524,657
5,769,797
(361,967)
12,932,487|**Total**
**funds**
**2025**
**7,524,657**
**6,704,707**
**(361,968)**
**13,867,397**| Page 26 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **18. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Trade investments
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2024_
_£_
_-_
_1,579,104_
_-_
_1,579,104_|_Unrestricted_
_funds_
_2024_
_£_
_7,524,657_
_7,043,035_
_(167,254)_
_14,400,438_|_Total_
_funds_
_2024_
_£_
_7,524,657_
_8,622,139_
_(167,254)_| |---|---|---|---| ||||_15,979,542_| ## **19. Reconciliation of net movement in funds to net cash flow from operating activities** |Net expenditure for the year (as per Statement of Financial Activities)
**Adjustments for:**
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase in creditors
Donated laptops decrease/(increase) in stock
**Net cash used in operating activities**|**2025**
**£**
**(2,112,146)**
**(485,867)**
**4,998**
**194,714**
**44,460**
**(2,353,841)**|_2024_
_£_
_(2,167,654)_| |---|---|---| |||_(296,011)_
_870,674_
_156,999_
_(57,200)_| |||| |||_(1,493,192)_| ## **20. Analysis of cash and cash equivalents** |Cash at bank
**Total cash and cash equivalents**|**2025**
**£**
**6,685,968**
**6,685,968**|_2024_
_£_
_8,551,740_| |---|---|---| |||| |||_8,551,740_| Page 27 ## **THE ACCESS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** ## **21. Analysis of changes in net debt** |Cash at bank and in hand|**At 1 July**
**2024**
**£**
**8,551,740**
**8,551,740**|**Cash flows**
**£**
**(1,865,773)**
**(1,865,773)**|**At 30 June**
**2025**
**£**
**6,685,967**| |---|---|---|---| ||||**6,685,967**| ## **22. Related party transactions** The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 June 2025. Page 28