CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From Incorporation on 30 January 2023 30 June 2024 Period end date Period start date To Charlty name: The Beare83 Foundation Charlty registration number: 1201763 Objectives and Activities SORP fece Para 1.17 Summary ofthe purposes of the charity as set out in its goveming document The objects of the charity are to advance such charitable purposes (according to the law of England and Wales) for the public benefit as the trustees see fil from time lo time. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or seNices idenlrfied in the accounts. Statement confirming whether the Iruslees have had regard to the guidance issued by the Charity Commission on public benefit Para 1_17arhJ 1.19 Over Ihe period in question, the charity has made grants lo two charities registered in England and Wales. Those are Proslate Cancer UK- registered number 1005541 and the UK Friends of Bell Issie Shapiro - registered number 1185443. Para 1.18 In making those grants. the truslees have had regard to the guidance issued by the Charity Commission on public benefit. In particular, LY)nformation has been received from each grantee charity that the relevant grant will be applied exclusively for the ses of the ranlee charil in ueslion. Addltional infomiation (optional) You ma choose to include further statements where relevant about: SORP referen Policy on grant making Pwa 1.38 Policy on social investment including program rdated investment Para 1.3B Contribution made by volunteers Paa 1.38
Other Achievements and Performance SORP refere By augmenting the resources of each granlee charity, the charity has provided a benefit to the potential beneficiaries of the relevanl grantee charity. More specifically, Prostale Cancer UK has confirmed that the grants from the charity will be applied towards its TRANSFORM research programme which aims to find the best way to screen men for prostate cancer and the UK Friends of Bell Issie Shapiro has (nfirmed that the grant from the charity will be applied to support the Sindian Early InteNenlion Center. a centre established by Belt Issie Shapiro in 2007 to provide guidan and support lo children with disabilities in the Israeli Arab part of Israel, and their parents. Summary of the main achievements of the ch(Irily, identifying the difference the harity's work has made lo the circumstances of its beneficiaries and any wider benefits to society as a whole. Pwa 1.20 Addltlonal information loptional) You ma choose lo indude further statements where relevant about Achievements against objectives set P*d 1_41 Perfomiance offundraising activities against objectives set Para 1.41 Investment performance against objectives Pwa 1.41 Other
Financial Review Review of the charity's financial position at the end of the period Paa t.21 At the end of the financial year, the charity had net assets of £4,422 made up of cuent assets of £8,130.00, in the form of its bank account with National Westminsler Bank and a creditor of £3,708, in the form of accrued fees to HW Fisher Professional Services Limited, ils independent examiner "HWF" The charity does not have any need to hold reserves as it has no liabilities apart from rofessional SeiceS fees Slalemenl explaining the policy for holding reserves stalin are held Amount of reserves held Reasons for holding zero reseNes Details of fund malerlally in deficit P¥a 1.22 Para 1.22 Para 1.22 As above P*8 1.24 At the end of the ffinancial year, the charity had a deficit on its unrestricted funds as a resull of the accrued fees to HWF referred to above. That deficit has since been eliminated by subsequent donations made lo the chari There are no uncertainties as regards the conlinuance of the charity as a going concem Explanation of any uncertainties about the charity continuing as a going cx)ncern 1.23 Additional information (optionall You ma choose lo indude further statemenls where relevant about: The charity's principal sources of funds (including any fundraisin9) 1.47 Investmenl policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity P146 Other
Structure, Governance and Management Description of charity's trusts.. Type of governing document P8ra 125 The charity is a CIO govemed by its cLinstitution. The charity is constituted as a CIO. How is the charity nstiluted? 'Kjtp.d Paa 1.25 Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entiued lo appoint one or more trustees Para 1.25 I three of the present trustees were appointed under the constitution. Future trustees must be appointed by a written nolice signed by the members of the charity and addressed to the Iruslees or a resolution by the members ofthe charity. Additional informatlon loptional) You ma choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of Iruslees Pa 1.51 The charity's organisalional structure and any wider neOrk with whith the harily works Pwa 1.51 Relationship with any related parties P8 7.51 Other Reference and Administrative details Charil name Other name the chari uses islered chari number Charity's principal address The Beare83 Foundation NIA 1201763 49 Fitzroy Park. London N6 6HT
Names of the charlty trustees who manage the charlty Trust8• name Offlce Ilf arnyl Dat•5 act If not for wholo ar Trustee Trustee (Chair) Trustee Name of parson lor bodyl èntitled olnt trust8e Ifan Anthony Beare Karen Beare Simon Friend 10 12 13 14 15 16 17 18 19 20 Co orate trustees - names of the directors at the date Ihe r Dlr8¢tor nam• ortwasa roved Name of trustees holding tille to propety belonging to the charity Trustee namo Dates act•d If not for whole
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the harily on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assels from the charity's own assets Addrtional information {optional) Names and addresses of advisers (Optional infonnation) Type of Name Address adviser Name of chief executive or names of senior staff mernbers Ioptlonal informatlon) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Poslllon {eg Secrelary, Chair. etcl Karen Marjory Beare Chair Date
Ch*rity R•Osl¥athn ND. 1201763 THE BEARE83 FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30JUNE 2024
THE BEARE83 FOUNDATION LEGAL AND ADMINISTIiATIVE INFORMATION Trustses Karen Marjory Beale 56rnon David Anthony Fiiend Arthony Beate (Appointed 30January 20231 (Appointed 30January 20231 IAppc4nted 301aftuary 20231 Charlty nuMb•r 1201763 ReOstered offi¢• 49 Fftircv Park London N6fAIT Indgp•ndtrrt eyxnln•r M3rkTWr HW Flsher Profwfv)nal Service5 Llmtted Acre House 11-15 William Road Lonthn NWI 3ER United knngth•m Bankev5 Natlonal W&minster Barbk Pk 2%) 8iEhopsRate Lon(b E(2M 4AA United Kingdom SolKitors Wither5 LLP 16 ord Bailpy Lonthn EC4M 7EG
THE BEARE83 FOUNDATION CONTENTS Trtte$, rewrt IndeperKlent examine¢s repc Staternwt oi finantwl artmlies Balancesheet Nores to thefirEarKial staternents
THE BEARE83 FOUNDATION TRU5TEES' REPORT FOR THE PERIOD ENDED 30JUNE2024 Thetrustee5 PTe5enttheir Teport arfInanCIalStatements foithe er.thd Xjjtrne 2024. The flnanclal statem£Yrts have bEen prepared in accordance wth the aCCotIng policle5 set out in note I to the financlal statement5 and compty wh the chaiitvs %¢nIng th)cumefit. the chawtt Act 2011 and "AEiountinÉ and Reporting by Charitie5'. Statement of Recommended Piactice awlicat4e to charities preparing their accounts in accordante with the Financial Reportingstandard applicable in the UK and RepuNic of IrelandlFR% 1021 IL4fettve I tanuary 20191" Objectives •ndacMvltSes The charity'5 otsects are io aL4awesuch charitable WPD5es fortheputAK beneftt a5the tnJ5tee5 seeflt fTOm timetotime. Thetrustee5 have paid de Tegard to guanCe the Charity Commi%slon on public benefTt in decKJin8 what activitie5 the charity should undertake. In particular. confirmation ha5 bel from eath graTriee thartty Ihat the relevant grant will be ap1 ex(lusNdyfor the pvrk)ses of Ihegraniee charlry In quthn. AchIements and performanc• ln the period, the charffy fassed thnations trf 166,550 and made 8rant5 lOtallin8 £57.380. The net movernent in fulS in the period a surplu5 of £4,422 and the chafty had net &sets of E4.422 ar 3J lune 2024. The grants referred to above V4ere made to t thèrftie5 reB6tered in Eland and Wale5. Those ère Prosrate Cancer UK - registered number l(M)5541- and the UK FrndS of Bett155ie Shawro- regstered numFEr 1185443. The 8rants made to Pr05tate Cancer UK were out of fiJnd5 8ltiibUtab io donatio whkh rv>tritted bythe donor5 10 being used foi that purpose. 8y augmentlng the resources of each Erantee charlty, the charity ha5 pro¥6dÈd B bendrt to the potetstial bweflciarie5 of the relevant grantee charity. More s(rfICalty, 0$181@ Cancv UK ha5 Confirm th the grant5 from the charrty wll applled towards its TRAN5FOftM re5eaich piograrnme whlch aim5 to find the be51 to screen men for w¢)state cancer and the UK Friend5 of Bert Issle Shapro has confirmed that the grantfrom ihe charity will applied to supportthe Sindian Early Interwention Center, a eentre tabl$hl by Bt $le Shapiro ITr 2C07 to provlde guidanceal 54JPFOrt to thiSdTen wfth ¢sabilities Sn the Isrjeli Arab part of15r4el, and their parents. Flna¢lal rev Otherthan grant5 and wofessional swWces fÈe5, thecharity ha5 DO outgoings. The tWU5tee5 haye tommitred to make tS)natlon5 in futu accounting periods whKh are suffitient to Cer the dLficrt on unrestricted f4Jnds ai the end ol the rÈriod and any shortfall in unrtritted funds whh may exist at the end of any fthure rthod. The reStfICt funds rÈtained at the end of the period are hdd for the purpose of triang further 8Tants to Pr05te CarKÈf In the cèse of Ix>rh unre5tiicted fund5 and restrlcted funds. the trtee5 will provide gTants On to the eThI that there are sutricieni lund5 available for such wrpose and DO additional reserves arecortsldered necessary. Thetru5tee5 has asse55ed the majoi ri5ts to whkh the chath Is eAFK)5ed, aDdare5atisliedthètSY5tems are in FAaceto mltigate exposurÈto the malor rlsk5. There areno uncertaintie5 a5 reBard5thec(rtlDuanceirfthe charty a5 a gThnz concem. PlatyslDrlutur* wrhds TheTrLtstee5 do not aJ)tklp8te arvsignlffcant thangtt in thecomlngyear.The obiertNe5 will remain a5 5tsted ab(r4e. Strurturej governan¢e and managemert The charity is a charitable incorporatedorganaI1O 8ovemLYl ty fts cOrtrU[n. It wa5 IrKorporatal on 30 january 2023 and Is a registered charfty. wtih regtered number 1201763. Thetru5tees who served durinRthe and upto thedjte of Si81UreQIlheflnanClal statements were- Karen Marjory Beare mon Oavid Anthony Friend Anthony Beare (Apwinted 3QJanuary 20231 IAppointed 30 ianuary 20231 {A)le 30Jarbuary 20231
THE 8EARE83 FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOQ ENDED 30JUNE 2024 All three of the truste were apFM>irted untr the(s111Llon. Futuretru5tee5 must be appoirted by a wrftten notlce s*)ed tythe mÈmbet5 of the charity ond addressedto the twstees or by a resolution ty the memljets of the charity. The managemem of ihecharty tsthe restyjn51txlityofthetiees whoart unde¥theterms ofthe constlturion. The number of trustees m1 Delef bÉ&fewerthanthree. There 15 no 3rruM nuTr¢ber of intstees that mty be appolnted. Publlc bon•fft The trL' have comt4ied th rhwr dury insertk)n 17 of the charrtle5rt 2011 and 8uid3nce i55tEd the Charity ComMtsSThn in decidingwhat actNftles the CharEiyshoukJ undertake. The ITL&, rewrtwas 4pwoved the Board ofTrtstees. Kar•th Mark¥ry B¢¥re Trustee 24 Jan 2025 Dated:.........................
THE BEARE83 FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BEARE83 FOUNDATION I reKx>rt to the tru5tett on wy examinatiDfb of the financial stathments of The geare83 Ftyth)datlon Ithe chartyl for the peilod ended 30 June 2024. Respon51blWos and basSs•tv•prt As the tru5tee5 of the charity you are re5PDn5ilAe for the preparaion d the finaThciJl statemei¥ts Is) acttrrdan Wbth the requirements of theCharitie5 Art 2011 Irhe 2011ArtI. I report In reSpt of my examinatfjon of the charty's financial staiements tarried out under settion 145 of the 2011 Art. I carrying out ffly examinion I h•4t followed all the applicable DlrertK>ll5 gwen by the Charity Ctrnmi551on under 5ectK)n 14515llbl olthe 2011 Act. Ind•pendert ex•mlntrfs 51atern•nt I have comKrfeted my examtnation. I confirm th& no mattets have come to my alltk)n In tonnection with the examlnatk)n EKvlng me ctU5e to belie4ethat in any matuial Tespect.. accounting records were mt ke# in re5rrt of the£haityas re4ed INsertioD 130 ofthe2011Att.' or thefinancl 5tatement5 do not accoid with those Te(oid5,- or thefinancial statements do not Comp wfth thp reqwrements concerning theform andcontent of accounts set out in the Charities (Accounts and Rewrt51 Regulation$ 2(LB Oth than any requirement that the accounts give a true andlair view whlch a mattÈT ton5itred as part ol an Independent examination. I hève no concerns and have rome acr0$5 no othH matters in conne£tioTr wfth ihe wminatK>n to which aitention should be drawn In rhls rewrt In orderto efflab a JKoper under5tandlt)g olthefinarKkil 5tatemenls to be reached. Mark TaOr HW Fi5hef Profe55ion&l 5etvlce5 Umtted Atre Hou%e 11-15 William Road London NWI 3ER United Xingdorn 24 Jan 2025 Oated..
THE BEARE83 FOUNDATION STATEMENTOF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30JUNE 2024 Unr•5tskt•d Restritted lunds 2024 Tot41 2024 2024 Notes Income and end Donations and legècie5 Other ifjcome 43,665 22,885 66,550 Totsl Inffl• 44.265 22.885 67.150 CharitaNe artivitie5 45.348 17.380 62.728 N•t 1•Xp•ndhre)Ifjrt0Thefnrtha parl Net mov•m•nt In frjnds 11,(B31 5,505 4,422 Fund balante5 at 30 january 2023 Ftsnd balan£es at 30Jyn• ZQ24 I[(3) 5,505 4,422 Thestatement of financlal attfvitfjes Incl all gal and knsses reC08ni5 in the period. All incomeand expendfturethri¥efr{ contiThn8 actfvftles.
THE BEARE83 FOUNDATION BALANCE SHEET AS AT30JUNE2024 2024 Not•$ Cury•rt assets Cash at bank and in hand 8.130 Cr•dhors'. •th(nts talllD8 dut vAthln one year 13.7081 Net current assets 4,422 ID¢othe funds Restritted fvn Unrestri¢t*J fund li 5.505 11.0831 4,422 23 Jan 2025 Thefinandal statements wereappi¢wed 1rytheTiteeS on......................... Karen Marjory Beare Tviisie•
THE BEARE83 FOUNDATION NOTES TO THE FINANCIALSTATEMENTS FOR THEPERIOD ENDED 30JUAIE2024 A¢¢ounllry polkhs The Beare83 Foundatlon rs a ChatitaNe Incorp)rated Or8ani5ation regter1 as on 30 January 2023. The reatered offKe 49 Ff(zriry Park, London, N6 6HI. 1.1 A¢¢ouTh•¢)nv¢Thtkn Thefinantial Statements have been prepaled in accordanc@wth the charit$ governing documeni. the Charitie5 Art 2011 and Accountin8 and Rewkrtlng Chawities.. Staterrtht of RecommendÈd PTartite apble io chariries preparing their atcounts In Kcordance With the Financial Reportinestandard applicae in the UK and Rewblic of Irdand IFRS 1021 leffectfve l January 20191" The charity ts B Public 8enelli Entityas defined try FR5 102. The charty has taken athfaniage of the prov10nS iTrttrtSORPfor chanlfes app1$ FRS 102 Update Bulletin I not to prepare a Statement ofcash FI. The flnancial statement5 hwe departed from the Charftie5 IAccounts and Rewrt51 Regulatn$ only to Ihe eKtent requlred to provide a true and fair view. This (rtUre hès inVoed follovring the Stement of Recommended Prattice for hairties appIng 102 rather than the version of the Statement of Recommended Practice vthich rderred to in the Regulation5 but which has sincebeen withdrawn. The financial statemeybts are prepad in sterlin& whlch & the fun¢tKnèl currency of the charity. MDnetary amounts in these ftnancial statLTrent5 are rounde(Ito the Trearest £. The flnantial statefflwts htrle ljeen wepared under thÈ htsiothal cost tomtniiun. The wincipal atcountlng poIleS adopted afeset out bdow. The current perkttfigures tlwerthe wk)dfrom date of inrorrn)ration. janUary 2023 10 30June 2024. L2 Gglllzto•ffl The trustee5 hawe Commill to make Ilonat10th5 in future accountiry whrch are sufficient to coNr the deflclt on unrestrlcted fund5 at the end of the period and any shortfall in un¥estrirted funds whlch may exnFt * the end of any future KEriod. Therefore at the tlme of approvityd the financial statements. Ihp tru5teE5 haye a reasonable expettation that the tharity h8$ adequate re50urce5 to continue in 0rational tenCe for rhe foreseeable fure. Th the trustee5 Contin to adopt the going concern basis of accounting preparingthe finanual statements. 1.3 Ch•rhblfuttd5 Unrestrided funds ale avaIlaeor at thedrLJTr of thetrwtee5 in furthffanceof theii tharhaFAeobjecr(ves. Restrttted funds are 5ubjt to spec by donors as to how thry mw be used. The purposes and use5 of the ie5triaedfiJDds aresL out inthe Mtes tothe financialststements. 1.4 Incom• Intome reco8ni5ed when the chaity is legalty tr(led to it after any wformatKe conthions hawe been met. the amount5 ran be Meured rlay. and it i< probailethat irmeIl be reteNed. Other donati0Th5 are recLVdntsl once the charity ha5 been notified of donation. w)le55 rErformance tonditions require fÈrral of the amount. 1.5 Expendhuw• Resources expended arefetognvd in the to which ihtytelata I costs which cath bèdiTectly attribed to charftat4e artpiftles are allocated to the relevant actfvfty. Llabllities are recognised as expenditure 8$ 500n as there is a legal or constTuclwe obl¥arion commrtting the charrty to that VApendiiure, it 15 probatAe tharsettiement will be required andthe amount ofthe Ol¥atTr crtn be measured Teliabty.
THE BEARE83 FOUNDATION NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30JUNE2024 ¢oUthn8 polkies Governance costs If1e costs assotiated wtth meÉ4ingthe cortstitutional and st•utory requlrements of the charity aThd intlude 8ccountancyfee5 and costs linked io the5trategic Manageent of thethariry. 1.6 Fbnandallhstrum•nts The charit¥ ha5 financial 3ss£t and financkil liabli ities of a knnd that oualKy as flnancial instruments. 8a5icfiTr8ncial irstrument5 are Inrtrdl TeCogned at transèrtlon v3luear•dsubseqUent measured atth¥r settlent¥a1Ue. Crllkal a¢¢outhtlng e5¥Ttr$ In the applkation of the chartys accounting polKie5. the trwtee5 a required to make lutements, e5tlmates and aum[¥tIOnS abo the carryin& arnoLnt of assets and liabli f(ie5 that are not readity èpparent from other sources. The e5tlrnBtL and assotiated ¥sumptions are l)asHI on htOral tyerience and othLY factors that are cortsIder to be relerfènt. Aciual resub mè¥ drffer from these e5timate5. The estimat and undÈrtying assumption5 are OD an ongoing bass. R1105 to accounting estimates are recogDi%ed in the period in which the estimate ts revised where the rLMslon affects that peviod, or in the period of the re4i5ion and future period5 where the rEvlsir>n afferts t#Xh currert aTrd fUre peri. NotWith5tanding the ave, there are no estimates orjud8ements made In tdatlon iothe5efinanck11 siatemerl Doniion% and legacle5 UME5tr1ct•d Restrl¢ted nds fvthd5 Total 2024 2024 2024 Donariorts indBrfts 43,665 22,885 66,550 Other Inwme Unr•strktsd fijnds 2024 Other l•come
THE BEARE83 FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD EJVDED 30JUAIE2024 Cthrriable 2024 Grantfundin8 of activrf(ies Isee )le61 Share of govern4ncecosrs (see noie 71 57,380 5,348 62,728 Allalysts byful Unrestricted funds Re5trlcted fund5 45.348 17,380 62.728 Gvants payablq 2024 6rant5 to Irtstitutior&= The UK FrienLts of BeISleshalro Pr05tste Cancer UK l7,380 57,380 2024 Legal and professional Independenr Examlnerfees 3,708 5,348 Anaty5ed between Charrtale actwitles 5.348 Tturt•OS None of thetrustees lor any persons Cotsrted them) Tttewedany r•nunern or benefits frorn the charTty durSn8 the period.
THE BEARE83 FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30JUAIE 2024 Ernploy•es There We no employees duringthe pwiod. •dltorJ.' amounts talMTh8 wlthkn [ 2024 Accruals 3,708 li R•stricted fvnds The incotne funth of the chèr(ty include re5tricred fut)ds comprising the followng uncKnded balance5 of donatlons and 8rant5 held on trwr forspecifit wrpose5'. MrN•m•M In hjb frJnd5 Ihromb 1CorrunK B•knce at 30 June2024 expended Prostate Cancer UK 22.885 117,3801 5.505 Prostate ca•TUK.. AthancinRre5earch to aciderate knowledgeand ¥n(Ferst3ndin8oTpr05tste caocer. 12 Analysb of Mt •5sets b•twq•nfund5 Restrltted funds Totsl fvt)ds 2024 2024 2024 Fund balaThte5 at 30June2024are represented br. Curres)t assetsllllabilitie51 11,0831 5.505 4,422 IL0831 5,505 4.422 R•led partytransactlo Durlng the rrlod. the charity TeNed cash donations of £ICQ from trLStee. Anthony Beare. £35,040 from trLtstee, Karen Beare. and £22.885 from rSon5 unfelatedtothe charity virtue ol thefund rai5in8artNrt5 of trustee, Karen Beare.
THE BEARE83 FOUNDATION
TRUSTEES, REPORT
FOR THE PERIOD ENDED 30JUNE 2024
Thetrustees pre5enttheir Teport andtinathck81 statemerfs for the Ferlod ended 30June 2024.
The financial stements have been prepared in aCcordace Tth the aicountin8 in note I to the financial
5tatement5 and iompty with the charitys govuning document. the Chafftie5 Act 2011 and 'Ac(ounting and Rewrting t
Charities.. Statement of Recommended Practice applKable to thaifties preparlng their accounts in acc