The Elizabeth Gilmour Charitable Foundation Report and financlal statements Year ended 31 March 2025 Charity number.. 1197290 The Elizabeth Gilrnour Charitable Foundation Contents Page Report of the trustees Statement of financial activities Balance sheet Notes to the financial statements The Elizabeth Gilmour Charitable Foundation Report of the Trustees The Trustees present their report and the financial statements of the Charity for the year ended 31 March 2025. The Trustees confirm that the report and the finantial statements of the Foundation comply with the Charitie5 Act 2011. the requirements of the Foundation's governing documents. and the provision5 of the Statement ol Recommended Prartice I"SORP"I 'Accounting and Reporting by Charities" applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. Reference and admlnistrative infomatlon Charity number.. 1197290 Address.. Cayzer House 30 Buckingham Gate London SWIE 6NN Trustees.. The Hon. Mrs Gilmour Mrs Arabella Nichola Gaggero Mr Alexander Charles Gaggero Mrs Sonia Clalre Barry Administrator: The Cayzer Trust Company Llmited Cayzer House 30 Buckingham Gate London SWIE 6NN Solicitors: BDB Pitmans LLP One Bartholrjmew Close London ECIA 7BL Bankers.. The Royal Bank of Scotland plc Drutnmonds Branch 49 Charing Cross London SWIA 2DX Start of financial period.. l April 2024 End of financial period.. 31 March 2025 Strurturel governance. and management The Foundation was registered with the Charity Commissioners for England and Wales on 23 December 2021. The Trustees do not actlvely fundraise, although the 8overnin8 document allows them to do so. The power of appointing new trustees is vested in the present Trustees. New trustees may be appointed at any time, either by way of replatement or addition. The current Trustees h3¥e all held office since being appointed on 23 December 2021. The Trustees agree the broad strategy and areas of activity for the Charity, including grant-making, investment, rlsk management, reserves, and performance. The financial affairs of the Charity are handled by the administrator. The Trustees annually review the risks lacing the Charity. The Elizabeth Gilmour Charitable Foundation Report of the Trustees Oblertives and actlvttles The constitution of the Foundation gives the Trustees the power to pay or apply the income and the property of the Foundation to or for such charitable purposes (according to the laws of EnglaThd 3nd Wales) as the Charity Trtkstees see fit from time to time, in¢ludin6. but not limited to, the advancement of the environment, conservation, and animal welfare, by wa¥ of providing grants. Publlc benefft The Trustees, havin8 regard to the public benefit guldance published by the Charity Commission in accordance with Section 17 of the Charities Act 2011, consider that the purpose and activities of the Charity salisfy the requirements of the public benefit test, set out in Section 4 of the same art. hievements and performante In May 2024, the Trustees vi51ted Fam)ED for a final briefing from their frrst intern, Abi Gwynne. Her internship h35 been a great success and she will go on to work at the small-scale kitchen garderi business where she did one of her placements. This will deèpèn her knowled8e not only of horticulture but also of the business side of the organ15ation. and this with a view to setting up her own concern. During this vlslt the Trustees met with Henry Hope-Hawkins. F3rmEd's new intern, also being funded by the Charity. Coming from a background as an engineer working on high-end electric car development, he has proved to be a problem-501ver and an excellentteam-player,. both of which benefit FarmEd's general day-to-day runnlng. At the request of FarmED. the Trustees agreed to contribute an extra £1,250 01 funding for this p05t to take inflation into account. bringing the Brant yp to £39,750 for the year 2024-25. In December 2024, diKusslons were held with FarmED rega¥dingthe funding of another intem for 2025. After much thought and a number of discussions thè Charity pledged £40,(h)O for an agriculturalist instead, despite the successful internships of Abi Gwynne 3nd Henry Hope-Hawkins, as FarmED's Ereatesl need at this time was for an a5S15tant to lan Wilkinson and one with a strong knowledge of farming. The Truslee5 have complete confidence in lan and were happy for the giant to be used where most needed. The funds pledged to Songblrd Survival in the 2023-24 financizl year have already been put tts good use. the research into the effect of pets, spot-on flea treatment on songbird5 being well on ils way at Sussex University. Indeed. when some of the Trustees attended Songbirds, AGM It was stated that this research was now receivin8 P051tive media attention. Although the Organlc Research Centre's work on soil health, which the Charity has hitherto funded, has bèen important and successful. it was decided not to continue with it for the moment as ORC'S senlor soil sclentlst has left and the team needs a re-think. Flnanclal review During the year ended 31 March 202S, the Foundation received unrÈstrlcted donation income totalling £nil12024- £62,500) and agreed charitable grants totalltng £40,o￿l2024- £33.7501. Reserves pollty At 31 March 2025, the Foundation had total unrestricted funds carrfed forward of £12,52212024 £53.6921. The Charity does not have an endowment. The Foundation has low govèrnanee and support CQ5ts, and Its policy is to maintain a cash float to meet general expenditure equivalent to approximately three years, worth of fixed expenses, these being general administration, accounting, and independent examination costs. Grants are made on 3 case by case basis, allowing the trustees to be flexible and adapt grant levels as necessary. The charitrfs policy is only to make donations when sufficient unrestricted funds are available, taking into account the need to maintain the cash float referred to above. The Elizabeth Gilmour Charitable Foundation Report of the Trustees Statement of trnsteÈs' responsibilities The trustees are responsible for preparing the trustees, annual report and the financial statements in accordancè with applicable law and United Kingdom Accounting Standards ILlnited Kingdom Generally Accepted Accounting Piacticel. The law applicable to charities in England and Wales requires the charity trustees to prepare financial statement5 for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of re50ur¢es of the charity for that perlod. In preparing the financial statements, the trustees are required to.. select suitable accounting policies and then apply them conslstentlv,. observe the methods and principles in the applicable Charities SORP,. makejudgements and estimates that ère reasonable and prudent.. state whether applicable accounting standards have been followed. subjèct to anv material departures that must be disclosed and explained in the financial ststement5; and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will contlnue in operation. The trustees are responsible for keepin8 Pfoper accounting records that disc105e with reasonable acturacy 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 applicable Charities (Accounts and Reportsl Regulations, and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the charity and hence fortaking reasonable steps foi the prevention and detection of fraud and other irregularities. Approved by the trustees on Alo ¥yKLb4J 32f and signed by The Hon. Mrs Gilmour Trustee Mrs Sonia Barry Trustee The Elizabeth Gilmour Charitable Foundation Statement of financlal actlviiles ft>r the year ended 31 March 2025 Llnrestrirted funds year ended 31 March 2025 Unrestrirted fvnds 15 months ended 31 Marth 2024 Nots Intome Donations and legacies.. donations Investment income.. interest receivable 62.500 403 Total In¢ome 62.903 Expenditure Expenditure on chorltuble activities Donations and grants to institutions Goveinance costs 140,0001 11,1701 (33,750) 12,207) Total expendlture 41,1701 f35,957J Nèt Income and net movement In fvnds 141.1701 26.946 Reconciliotion offunds Total funds brought forward at l April 53,692 26,746 Total funds carrled forward at 31 March 12.522 53.692 All income and expenditure is in respect of continuing activities for the current and the previous year. The note5 on pages 6 to 8 form an Integral part of these financial statements. The Elizabeth Gilmour Charitable Foundation Balance sheet at 31 March 2025 Unrestricted funds at 31 March 202S Unrestricted lunds at 31 March 2024 Note Current assets Cash at bank and in hand 53,692 53,692 85.619 85,619 Ctedltors falllng due within one year 141.1701 (31,927? Net current assèts 12,522 53,692 Net assets 12,522 53,692 The funds of the char5ty: Unrestricted funds 12,522 53,692 12,522 53.692 Approved by the Trustees on aozr The Hon. Mrs Gilmour Trustee Mrs Sonia Barry Trustee The notes on pages 6 to 8 form an integral part of thèse financial statements. The Ellzabeth Gilmour Charitable Foundation Notes to the financlal statements for the year ended 31 Mar¢h 2025 Ac¢ountSnE pollcles B3sis of preparation The financial statements have been prepafed under the historical cost convention. with items recognised at 05t 01 transaction value, unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. accounting nd reporting by chaiities preparing their accounts in accgrdance wilh the Financial Reporting Standard applicable in the United Kin8dom and Republic of Ireland IFR5 1021 issued on 2 October 2019 and the Charities Act 2011. The Foundation was registered with the Charity Commissioners for England and Wales on 23 December 2021. under charity no. 1197290. The Foundation constitutes a public benefit entity as defined by FR5 102. Golng ¢on¢ern The trustee5 consider that theye are no material uncertainties about the Trust'5 ability to continue as a going concern, and that there are no key assumplions that affect items in the accounts. Funds structure Unrestricted funds comprise accumulated surpluse5 and deficits on gÈneral funds that are avallable for use a the discretion of the trustees in furtherance of the general objertive5 of the charity. In