CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 July 2024 Period end date Period start date To 30 June 2025 Charity name: The Beare83 Foundation Charity registration number: 1201763 Objectives and Activities SORP refer￿ Para 1.17 Summary of the purposes of the charity as set out in its governing document The objects of the charity are to advance such charitable purposes (according lo the law of England and Wales} for the public benefit as the truslees see fit from time to time. Summary of the main activities in relalion lo those purposes for the public benefit, in particular, the activities. projects or services identified in the accounts. Slalemenl confirming whether the trustees have had regard lo the guidance issued by the Charity Commission on public benefit Para 1.17 and Over the period in question, the charity has made grants to two charities registered in England and Wales. Those are Prostate Cancer UK- registered number 1005541 and the UK Friends of Bell Issie Shapiro- registered number 1185443. P￿a 1.18 In making those grants, the trustees have had regard to the guidance issued by the Charity Commission on public benefit. In particular, confirmation has been received from each grantee charity that the relevant grant will be applied exclusively for the ses of the ranlee charil uestion. Additional information (optional) You ma choose to include further slalements where relevant about: SORP referen Pw8 1.38 Policy on grant making Pwa T.38 Policy on social investment including program related inveslment Pard 1.38 Contribution made by volunteers Other Achievements and Performance SORP ￿fereTrce By augmenting the resources of each grantee charily, the charity has provided a benefit to the potential beneficiaries of the relevant grantee charity. More specifically, Proslale Cancer UK has confirmed that the grants from the charity will be applied towards its TRANSFORM research programme which aims lo find the best way to screen men for prostate cancer and the UK Friends of Belt Issie Shapiro has nfirmed that the grant from the charity will be applied lo support the Sindian Early Intervention Cenler, a centre established by Belt Issie Shapiro in 2007 to provide guidance and support lo children with disabilities in the Israeli Arab part of Israel, and their parents. Summary of the main achievements of the charity, identifying the difference the charity's wort has made to the circumstan￿S of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Addltlonal Informatlon {optlonal) You rna choose lo include further statements where relevanl about- Achievefflents against objeclives set Paa141 Perforniance offundraising activities against objectives set Pard 1.41 Investment perfonnance against objectives P*a 1.41 Other Financial Review Review of the charity's financial position at the end of the period P*a 1.21 At the end of the financial year, the charity had nel assets of £6.391. made up of current assels of £9,172, in the fDrm of ils bank accounl with National Westminster Bank and a creditor of £2,781, in the form of accrued fees to HW Fisher Professional Services Limited. its independenl examiner "HWF" The charity does not have any need to hold reserves as il has no liabilities apart from rofessional services fees Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficil P￿a 1.22 Para 1 22 Para 1.22 As above P￿a 1.24 At the end of the financial year, the charity had no deficit on its funds, whether restricted or unrestricted. There are no uncertainties as regards the continuance of Ihe charity as a going concem Explanation of any uncertainties about the charity continuing as a going concem PaTa 1.23 Additional information {optional} You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Paa 1.47 Investment policy and objectives including any social investment policy adopted p￿1.46 A description of the principal risks facing the charity Pwa 1.46 Olher Structure, Governance and Management Description of charity's trusts= Type of goveming document Para 1.25 The charity is a CIO govemed by ils )nslitulion. The charity is conslituled as a CIO. How is the charity conslituted? P8r8 125 Trustee selection methods including details of any conslitulional provisions e.g. election to post or rTame of any person Dr body ents'tled to appoint one or more trustees Pora 1 25 All three of the present trustees were appointed under Ihe constitution. Future trustees must be appointed by a writlen notice signed by the members of the charity and addressed to the trustees or a resolulion by the members of the charity. Additional information (optional) You ma choose to include further statements where relevant about= Policies and procedures adopted for the induction and training of Irustees Pwa 1.51 The charity's organisational structure and any wider network with which the charity works Pard 1.$1 Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the charit uses Re islered charit number Charity's principal address The Beare83 Foundation NIA 1201763 49 Fitzroy Park. London N6 6HT Names of the charity trustees who manage the charity Dat8S actèd If not for whole Trustee name Offoce Irf anyl Name of pgrson lor body) ontltlad oint trustee ifan Anlhony Beare Karen Beare Trustee Trustee (Chair) Trustee Simon Friend 10 12 13 14 15 16 17 18 19 20 Cor orate IrLislees - names of the directors al the date Ihe re Dlrèctor nama ortwasa roved Name of trustees holding title to property belonging to the charity Trust88 namo Dates acted 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 charity 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 assets from the charity's own assets Additlonal information {optional Names and addresses of advisers {Optional infomiationl Type of Name Address adviser Name of chief executlve or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o lional information Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Signaturels) Full name{sl Position leg Secretary, Chalr, etc) Karen Marjory Beare Chair Date **Charity Registration No. 1201763** ## **THE BEARE83 FOUNDATION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 JUNE 2025** ## **THE BEARE83 FOUNDATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Karen Marjory Beare Simon David Anthony Friend Anthony Beare **Charity number** 1201763 **Registered office** 49 Fitzroy Park London N6 6HT **Independent examiner** Mark Taylor HW Fisher Professional Services Limited Acre House 11-15 William Road London NW1 3ER United Kingdom **Bankers** National Westminster Bank Plc 250 Bishopsgate London EC2M 4AA United Kingdom **Solicitors** Withers LLP 16 Old Bailey London EC4M 7EG ## **THE BEARE83 FOUNDATION** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 9| ## **THE BEARE83 FOUNDATION** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ The trustees present their 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 governing document, 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** The charity's objects are to advance such charitable purposes for the public benefit as the trustees see fit from time to time. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. In particular, confirmation has been received from each grantee charity that the relevant grant will be applied exclusively for the purposes of the grantee charity in question. ## **Achievements and performance** In the period, the charity raised donations of £61,398 (2024: £66,550) and made grants totalling £56,648 (2024: £57,380). The net movement in funds in the period was a surplus of £1,969 (2024: surplus of £4,422) and the charity had net assets of £6,391 (2024: £4,422) at 30 June 2025. The grants referred to above were made to two charities registered in England and Wales. Those are Prostate Cancer UK – registered number 1005541 - and the UK Friends of Beit Issie Shapiro – registered number 1185443. The grants made to Prostate Cancer UK were made out of funds attributable to donations which were restricted by the donors to being used for that purpose. By augmenting the resources of each grantee charity, the charity has provided a benefit to the potential beneficiaries of the relevant grantee charity. More specifically, Prostate 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 Beit Issie Shapiro has confirmed that the grant from the charity will be applied to support the Sindian Early Intervention Center, a centre established by Beit Issie Shapiro in 2007 to provide guidance and support to children with disabilities in the Israeli Arab part of Israel, and their parents. ## **Financial review** Other than grants and professional services fees, the charity has no outgoings. The trustees have committed to make donations in future accounting periods which are sufficient to cover any shortfall in unrestricted or restricted funds which may exist at the end of any future accounting period. The restricted funds retained at the end of the period are held for the purpose of making further grants to Prostate Cancer UK. In the case of both unrestricted funds and restricted funds, the trustees will provide grants only to the extent that there are sufficient funds available for such purpose and no additional reserves are considered necessary. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. There are no uncertainties as regards the continuance of the charity as a going concern. ## **Plans for future periods** The Trustees do not anticipate any significant changes in the coming year. The key objectives will remain as stated above. ## **Structure, governance and management** The charity is a charitable incorporated organisation governed by its constitution. It was incorporated on 30 January 2023 and is a registered charity, with registered number 1201763. The trustees who served during the year and up to the date of signature of the financial statements were: Karen Marjory Beare Simon David Anthony Friend Anthony Beare - 1 - ## **THE BEARE83 FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ All three of the trustees were appointed under the constitution. Future trustees must be appointed by a written notice signed by the members of the charity and addressed to the trustees or by a resolution by the members of the charity. The management of the charity is the responsibility of the trustees who act under the terms of the constitution. The number of trustees must never be fewer than three. There is no maximum number of trustees that may be appointed. ## **Public benefit** The trustees' have complied with their duty in section 17 of the Charities Act 2011 and guidance issued by the Charity Commission in deciding what activities the Charity should undertake. The trustees' report was approved by the Board of Trustees. ## Karen BEARE .............................. **Karen Marjory Beare** > Trustee 24 Aug 2025 Dated: ......................... - 2 - ## **THE BEARE83 FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE BEARE83 FOUNDATION** I report to the trustees on my examination of the financial statements of The Beare83 Foundation (the charity) for the year ended 30 June 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## Mark Taylor Mark Taylor HW Fisher Professional Services Limited Acre House 11-15 William Road London NW1 3ER United Kingdom 27 Aug 2025 Dated: ......................... - 3 - ## **THE BEARE83 FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
50,065
11,333
Other income
**4**
-
-
**Total income**
50,065
11,333
**Expenditure on:**
Charitable activities
**5**
42,781
16,648
**Net income/(expenditure) for the**
**year/**
**Net movement in funds**
7,284
(5,315)
Fund balances at 1 July
2024
(1,083)
5,505
**Fund balances at 30 June**
**2025**
6,201
190|**Total**
Unrestricted
Restricted
funds
funds
**2025**
2024
2024
**£**
**£**
**£**
61,398
43,665
22,885
-
600
-
61,398
44,265
22,885
59,429
45,348
17,380
1,969
(1,083)
5,505
4,422
-
-
6,391
(1,083)
5,505|Total
2024
**£**
66,550
600| |---|---|---| |||67,150| |||62,728| |||4,422
-| |||4,422| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - ## **THE BEARE83 FOUNDATION** ## **BALANCE SHEET** ## _**AS AT 30 JUNE 2025**_ |**2025**
**Notes**
**£**
**Current assets**
Cash at bank and in hand
9,172
**Creditors: amounts falling due within one year**
**10**
(2,781)
Net current assets
**Income funds**
Restricted funds
**11**
Unrestricted funds
24 Aug 2025|**2024**
**£**
**£**
**£**
8,130
(3,708)
6,391
4,422
190
5,505
6,201
(1,083)
6,391
4,422| |---|---| The financial statements were approved by the Trustees on ......................... Karen BEARE .............................. Karen Marjory Beare **Trustee** - 5 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **1 Accounting policies** ## **Charity information** The Beare83 Foundation is a Charitable Incorporated Organisation registered as on 30 January 2023. The registered office is 49 Fitzroy Park, London, N6 6HT. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by 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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** The trustees have committed to make donations in future accounting periods which are sufficient to cover any shortfall in unrestricted funds which may exist at the end of any future accounting period. Therefore 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. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. ## **1.5 Expenditure** Resources expended are recognised in the period to which they relate. All costs which can be directly attributed to charitable activities are allocated to the relevant activity. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. - 6 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **1 Accounting policies** **(Continued)** Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. ## **1.7 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Notwithstanding the above, there are no estimates or judgements made in relation to these financial statements. ## **3 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||**funds**|**funds**||funds|funds|| ||**2025**|**2025**|**2025**|2024|2024|2024| ||**£**|**£**|**£**|£|£|£| |Donations and gifts|50,065|11,333|61,398|43,665|22,885|66,550| - **4 Other income** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2025**|2024| ||**£**|£| |Other income|-|600| - 7 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **5 Charitable activities** |Grant funding of activities (see note 6)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**£**
56,648
2,781
59,429
42,781
16,648
59,429|**2024**
**£**
57,380
5,348| |---|---|---| |||62,728| |||45,348
17,380| |||62,728| ## **6 Grants payable** |Grants to institutions:
The UK Friends of Beit Issie Shapiro
Prostate Cancer UK
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Legal and professional
-
-
Independent Examiner fees
-
2,781
-
2,781
Analysed between
Charitable activities
-
2,781|**2025**
**£**
40,000
16,648
56,648
**2025**
Support costs
Governance
costs
**£**
£
£
-
-
1,640
2,781
-
3,708
2,781
-
5,348
2,781
-
5,348|2024
£
40,000
17,380| |---|---|---| |||57,380| |||2024
£
1,640
3,708| |||5,348| |||5,348| ## **7 Support costs** ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 8 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **9 Employees** There were no employees during the current or prior year. ## **10 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Accruals|2,781|3,708| ## **11 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: ||**Movement**|**in funds**||**Movement in funds**|**Movement in funds**|| |---|---|---|---|---|---|---| ||**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**| ||**resources**|**expended**|**1 July 2024**|**resources**|**expended**|**30 June 2025**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Prostate Cancer UK|22,885|(17,380)|5,505|11,333|(16,648)|190| **Prostate Cancer UK** : Advancing research to accelerate knowledge and understanding of prostate cancer. ## **12 Analysis of net assets between funds** |**Unrestricted**
**funds**
**Restricted**
**funds**
**2025**
**2025**
**£**
**£**
Fund balances at 30 June
2025 are represented by:
Current assets/(liabilities)
6,201
190
6,201
190|**Total**
Unrestricted
funds
Restricted
funds
**2025**
2024
2024
**£**
£
£
6,391
(1,083)
5,505
6,391
(1,083)
5,505|Total
2024
£
4,422| |---|---|---| |||4,422| ## **13 Related party transactions** During the year, the charity received cash donations of £nil (2024: £100) from trustee, Anthony Beare, £40,000 (2024: £35,040) from trustee, Karen Beare and £11,333 (2024: £22,885) from persons unrelated to the charity by virtue of the fund raising activities of trustee, Karen Beare. - 9 - ## **Issuer** HW Fisher **Document generated** Thu, 21st Aug 2025 12:38:51 BST **Document fingerprint** abbe6a4cbd140fdcadf0cec80cb79173 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:53:29 BST Sun, 24th Aug 2025 16:39:51 BST Wed, 27th Aug 2025 8:29:58 BST Ravi Saroj - Signer (5cff770213d278e8d43956dcc9ec3cfb) Shafayat Khan - Signer (5cc14fbf31cef19dd7b6668072a8aa81) Karen Beare - Signer (8bb1b65a49b1d06375cfe1a272de6c8a) Mark Taylor - Signer (2f4aab1a8a0491111136ffd652098735) ## **Audit history log** ## **Date** ## **Action** Thu, 21st Aug 2025 12:38:52 BST Thu, 21st Aug 2025 12:38:52 BST Thu, 21st Aug 2025 12:38:52 BST Thu, 21st Aug 2025 12:50:25 BST Thu, 21st Aug 2025 12:50:25 BST Thu, 21st Aug 2025 12:50:48 BST Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:52:49 BST Thu, 21st Aug 2025 12:53:30 BST Thu, 21st Aug 2025 12:53:32 BST Thu, 21st Aug 2025 12:53:32 BST Thu, 21st Aug 2025 14:03:29 BST Thu, 21st Aug 2025 21:05:19 BST Envelope generated by Ravi Saroj (217.207.100.70) Document generated with fingerprint abbe6a4cbd140fdcadf0cec80cb79173 (217.207.100.70) Document generated with fingerprint b67bc6d7f64ba366ab56ce8b00a11c2c (217.207.100.70) Sent the envelope to Ravi Saroj (rsaroj@hwfisher.co.uk) for signing (217.207.100.70) Document emailed to rsaroj@hwfisher.co.uk Ravi Saroj viewed the envelope (89.150.28.98) Ravi Saroj signed the envelope (217.207.100.70) Sent the envelope to Shafayat Khan (shkhan@hwfisher.co.uk) for signing (217.207.100.70) Document emailed to shkhan@hwfisher.co.uk Shafayat Khan viewed the envelope (185.105.75.177) Shafayat Khan signed the envelope (185.105.75.177) Sent the envelope to Karen Beare (karen@beare83.com) for signing (185.105.75.177) Document emailed to karen@beare83.com Karen Beare opened the document email. (146.75.168.38) Karen Beare opened the document email. (172.226.0.28) Thu, 21st Aug 2025 23:16:08 BST Fri, 22nd Aug 2025 12:51:04 BST Fri, 22nd Aug 2025 12:52:54 BST Sat, 23rd Aug 2025 12:52:05 BST Sun, 24th Aug 2025 12:53:04 BST Sun, 24th Aug 2025 16:06:50 BST Sun, 24th Aug 2025 16:38:53 BST Sun, 24th Aug 2025 16:39:00 BST Sun, 24th Aug 2025 16:39:51 BST Sun, 24th Aug 2025 16:39:51 BST Sun, 24th Aug 2025 16:39:51 BST Sun, 24th Aug 2025 17:38:22 BST Sun, 24th Aug 2025 17:38:22 BST Mon, 25th Aug 2025 12:54:08 BST Mon, 25th Aug 2025 12:55:36 BST Mon, 25th Aug 2025 12:55:36 BST Tue, 26th Aug 2025 12:55:05 BST Tue, 26th Aug 2025 12:55:10 BST Wed, 27th Aug 2025 8:00:53 BST Wed, 27th Aug 2025 8:27:12 BST Wed, 27th Aug 2025 8:29:58 BST Wed, 27th Aug 2025 8:29:58 BST Karen Beare opened the document email. (104.28.40.140) Document emailed to karen@beare83.com Karen Beare opened the document email. (172.226.0.4) Document emailed to karen@beare83.com Document emailed to karen@beare83.com Karen Beare opened the document email. (172.226.183.2) Karen Beare opened the document email. (104.28.40.140) Karen Beare viewed the envelope (86.173.61.215) Karen Beare signed the envelope (86.173.61.215) Sent the envelope to Mark Taylor (mjtaylor@hwfisher.co.uk) for signing (86.173.61.215) Document emailed to mjtaylor@hwfisher.co.uk Mark Taylor opened the document email. (81.38.238.226) Mark Taylor opened the document email. (81.38.238.226) Document emailed to mjtaylor@hwfisher.co.uk Mark Taylor opened the document email. (82.132.246.98) Mark Taylor opened the document email. (82.132.246.98) Document emailed to mjtaylor@hwfisher.co.uk Mark Taylor opened the document email. (172.186.8.69) Mark Taylor viewed the envelope (185.105.75.177) Mark Taylor viewed the envelope (217.207.100.70) Mark Taylor signed the envelope (217.207.100.70) This envelope has been signed by all parties (217.207.100.70) **Charity Registration No. 1201763** ## **THE BEARE83 FOUNDATION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 JUNE 2025** ## **THE BEARE83 FOUNDATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Karen Marjory Beare Simon David Anthony Friend Anthony Beare **Charity number** 1201763 **Registered office** 49 Fitzroy Park London N6 6HT **Independent examiner** Mark Taylor HW Fisher Professional Services Limited Acre House 11-15 William Road London NW1 3ER United Kingdom **Bankers** National Westminster Bank Plc 250 Bishopsgate London EC2M 4AA United Kingdom **Solicitors** Withers LLP 16 Old Bailey London EC4M 7EG ## **THE BEARE83 FOUNDATION** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 9| ## **THE BEARE83 FOUNDATION** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ The trustees present their 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 governing document, 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** The charity's objects are to advance such charitable purposes for the public benefit as the trustees see fit from time to time. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. In particular, confirmation has been received from each grantee charity that the relevant grant will be applied exclusively for the purposes of the grantee charity in question. ## **Achievements and performance** In the period, the charity raised donations of £61,398 (2024: £66,550) and made grants totalling £56,648 (2024: £57,380). The net movement in funds in the period was a surplus of £1,969 (2024: surplus of £4,422) and the charity had net assets of £6,391 (2024: £4,422) at 30 June 2025. The grants referred to above were made to two charities registered in England and Wales. Those are Prostate Cancer UK – registered number 1005541 - and the UK Friends of Beit Issie Shapiro – registered number 1185443. The grants made to Prostate Cancer UK were made out of funds attributable to donations which were restricted by the donors to being used for that purpose. By augmenting the resources of each grantee charity, the charity has provided a benefit to the potential beneficiaries of the relevant grantee charity. More specifically, Prostate 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 Beit Issie Shapiro has confirmed that the grant from the charity will be applied to support the Sindian Early Intervention Center, a centre established by Beit Issie Shapiro in 2007 to provide guidance and support to children with disabilities in the Israeli Arab part of Israel, and their parents. ## **Financial review** Other than grants and professional services fees, the charity has no outgoings. The trustees have committed to make donations in future accounting periods which are sufficient to cover any shortfall in unrestricted or restricted funds which may exist at the end of any future accounting period. The restricted funds retained at the end of the period are held for the purpose of making further grants to Prostate Cancer UK. In the case of both unrestricted funds and restricted funds, the trustees will provide grants only to the extent that there are sufficient funds available for such purpose and no additional reserves are considered necessary. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. There are no uncertainties as regards the continuance of the charity as a going concern. ## **Plans for future periods** The Trustees do not anticipate any significant changes in the coming year. The key objectives will remain as stated above. ## **Structure, governance and management** The charity is a charitable incorporated organisation governed by its constitution. It was incorporated on 30 January 2023 and is a registered charity, with registered number 1201763. The trustees who served during the year and up to the date of signature of the financial statements were: Karen Marjory Beare Simon David Anthony Friend Anthony Beare - 1 - ## **THE BEARE83 FOUNDATION** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ All three of the trustees were appointed under the constitution. Future trustees must be appointed by a written notice signed by the members of the charity and addressed to the trustees or by a resolution by the members of the charity. The management of the charity is the responsibility of the trustees who act under the terms of the constitution. The number of trustees must never be fewer than three. There is no maximum number of trustees that may be appointed. ## **Public benefit** The trustees' have complied with their duty in section 17 of the Charities Act 2011 and guidance issued by the Charity Commission in deciding what activities the Charity should undertake. The trustees' report was approved by the Board of Trustees. ## Karen BEARE .............................. **Karen Marjory Beare** > Trustee 24 Aug 2025 Dated: ......................... - 2 - ## **THE BEARE83 FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE BEARE83 FOUNDATION** I report to the trustees on my examination of the financial statements of The Beare83 Foundation (the charity) for the year ended 30 June 2025. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## Mark Taylor Mark Taylor HW Fisher Professional Services Limited Acre House 11-15 William Road London NW1 3ER United Kingdom 27 Aug 2025 Dated: ......................... - 3 - ## **THE BEARE83 FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
50,065
11,333
Other income
**4**
-
-
**Total income**
50,065
11,333
**Expenditure on:**
Charitable activities
**5**
42,781
16,648
**Net income/(expenditure) for the**
**year/**
**Net movement in funds**
7,284
(5,315)
Fund balances at 1 July
2024
(1,083)
5,505
**Fund balances at 30 June**
**2025**
6,201
190|**Total**
Unrestricted
Restricted
funds
funds
**2025**
2024
2024
**£**
**£**
**£**
61,398
43,665
22,885
-
600
-
61,398
44,265
22,885
59,429
45,348
17,380
1,969
(1,083)
5,505
4,422
-
-
6,391
(1,083)
5,505|Total
2024
**£**
66,550
600| |---|---|---| |||67,150| |||62,728| |||4,422
-| |||4,422| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - ## **THE BEARE83 FOUNDATION** ## **BALANCE SHEET** ## _**AS AT 30 JUNE 2025**_ |**2025**
**Notes**
**£**
**Current assets**
Cash at bank and in hand
9,172
**Creditors: amounts falling due within one year**
**10**
(2,781)
Net current assets
**Income funds**
Restricted funds
**11**
Unrestricted funds
24 Aug 2025|**2024**
**£**
**£**
**£**
8,130
(3,708)
6,391
4,422
190
5,505
6,201
(1,083)
6,391
4,422| |---|---| The financial statements were approved by the Trustees on ......................... Karen BEARE .............................. Karen Marjory Beare **Trustee** - 5 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **1 Accounting policies** ## **Charity information** The Beare83 Foundation is a Charitable Incorporated Organisation registered as on 30 January 2023. The registered office is 49 Fitzroy Park, London, N6 6HT. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by 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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** The trustees have committed to make donations in future accounting periods which are sufficient to cover any shortfall in unrestricted funds which may exist at the end of any future accounting period. Therefore 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. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. ## **1.5 Expenditure** Resources expended are recognised in the period to which they relate. All costs which can be directly attributed to charitable activities are allocated to the relevant activity. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. - 6 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **1 Accounting policies** **(Continued)** Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. ## **1.7 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Notwithstanding the above, there are no estimates or judgements made in relation to these financial statements. ## **3 Donations and legacies** ||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||**funds**|**funds**||funds|funds|| ||**2025**|**2025**|**2025**|2024|2024|2024| ||**£**|**£**|**£**|£|£|£| |Donations and gifts|50,065|11,333|61,398|43,665|22,885|66,550| - **4 Other income** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2025**|2024| ||**£**|£| |Other income|-|600| - 7 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **5 Charitable activities** |Grant funding of activities (see note 6)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**£**
56,648
2,781
59,429
42,781
16,648
59,429|**2024**
**£**
57,380
5,348| |---|---|---| |||62,728| |||45,348
17,380| |||62,728| ## **6 Grants payable** |Grants to institutions:
The UK Friends of Beit Issie Shapiro
Prostate Cancer UK
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Legal and professional
-
-
Independent Examiner fees
-
2,781
-
2,781
Analysed between
Charitable activities
-
2,781|**2025**
**£**
40,000
16,648
56,648
**2025**
Support costs
Governance
costs
**£**
£
£
-
-
1,640
2,781
-
3,708
2,781
-
5,348
2,781
-
5,348|2024
£
40,000
17,380| |---|---|---| |||57,380| |||2024
£
1,640
3,708| |||5,348| |||5,348| ## **7 Support costs** ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 8 - ## **THE BEARE83 FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ ## **9 Employees** There were no employees during the current or prior year. ## **10 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Accruals|2,781|3,708| ## **11 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: ||**Movement**|**in funds**||**Movement in funds**|**Movement in funds**|| |---|---|---|---|---|---|---| ||**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**| ||**resources**|**expended**|**1 July 2024**|**resources**|**expended**|**30 June 2025**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Prostate Cancer UK|22,885|(17,380)|5,505|11,333|(16,648)|190| **Prostate Cancer UK** : Advancing research to accelerate knowledge and understanding of prostate cancer. ## **12 Analysis of net assets between funds** |**Unrestricted**
**funds**
**Restricted**
**funds**
**2025**
**2025**
**£**
**£**
Fund balances at 30 June
2025 are represented by:
Current assets/(liabilities)
6,201
190
6,201
190|**Total**
Unrestricted
funds
Restricted
funds
**2025**
2024
2024
**£**
£
£
6,391
(1,083)
5,505
6,391
(1,083)
5,505|Total
2024
£
4,422| |---|---|---| |||4,422| ## **13 Related party transactions** During the year, the charity received cash donations of £nil (2024: £100) from trustee, Anthony Beare, £40,000 (2024: £35,040) from trustee, Karen Beare and £11,333 (2024: £22,885) from persons unrelated to the charity by virtue of the fund raising activities of trustee, Karen Beare. - 9 - ## **Issuer** HW Fisher **Document generated** Thu, 21st Aug 2025 12:38:51 BST **Document fingerprint** abbe6a4cbd140fdcadf0cec80cb79173 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:53:29 BST Sun, 24th Aug 2025 16:39:51 BST Wed, 27th Aug 2025 8:29:58 BST Ravi Saroj - Signer (5cff770213d278e8d43956dcc9ec3cfb) Shafayat Khan - Signer (5cc14fbf31cef19dd7b6668072a8aa81) Karen Beare - Signer (8bb1b65a49b1d06375cfe1a272de6c8a) Mark Taylor - Signer (2f4aab1a8a0491111136ffd652098735) ## **Audit history log** ## **Date** ## **Action** Thu, 21st Aug 2025 12:38:52 BST Thu, 21st Aug 2025 12:38:52 BST Thu, 21st Aug 2025 12:38:52 BST Thu, 21st Aug 2025 12:50:25 BST Thu, 21st Aug 2025 12:50:25 BST Thu, 21st Aug 2025 12:50:48 BST Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:52:09 BST Thu, 21st Aug 2025 12:52:49 BST Thu, 21st Aug 2025 12:53:30 BST Thu, 21st Aug 2025 12:53:32 BST Thu, 21st Aug 2025 12:53:32 BST Thu, 21st Aug 2025 14:03:29 BST Thu, 21st Aug 2025 21:05:19 BST Envelope generated by Ravi Saroj (217.207.100.70) Document generated with fingerprint abbe6a4cbd140fdcadf0cec80cb79173 (217.207.100.70) Document generated with fingerprint b67bc6d7f64ba366ab56ce8b00a11c2c (217.207.100.70) Sent the envelope to Ravi Saroj (rsaroj@hwfisher.co.uk) for signing (217.207.100.70) Document emailed to rsaroj@hwfisher.co.uk Ravi Saroj viewed the envelope (89.150.28.98) Ravi Saroj signed the envelope (217.207.100.70) Sent the envelope to Shafayat Khan (shkhan@hwfisher.co.uk) for signing (217.207.100.70) Document emailed to shkhan@hwfisher.co.uk Shafayat Khan viewed the envelope (185.105.75.177) Shafayat Khan signed the envelope (185.105.75.177) Sent the envelope to Karen Beare (karen@beare83.com) for signing (185.105.75.177) Document emailed to karen@beare83.com Karen Beare opened the document email. (146.75.168.38) Karen Beare opened the document email. (172.226.0.28) Thu, 21st Aug 2025 23:16:08 BST Fri, 22nd Aug 2025 12:51:04 BST Fri, 22nd Aug 2025 12:52:54 BST Sat, 23rd Aug 2025 12:52:05 BST Sun, 24th Aug 2025 12:53:04 BST Sun, 24th Aug 2025 16:06:50 BST Sun, 24th Aug 2025 16:38:53 BST Sun, 24th Aug 2025 16:39:00 BST Sun, 24th Aug 2025 16:39:51 BST Sun, 24th Aug 2025 16:39:51 BST Sun, 24th Aug 2025 16:39:51 BST Sun, 24th Aug 2025 17:38:22 BST Sun, 24th Aug 2025 17:38:22 BST Mon, 25th Aug 2025 12:54:08 BST Mon, 25th Aug 2025 12:55:36 BST Mon, 25th Aug 2025 12:55:36 BST Tue, 26th Aug 2025 12:55:05 BST Tue, 26th Aug 2025 12:55:10 BST Wed, 27th Aug 2025 8:00:53 BST Wed, 27th Aug 2025 8:27:12 BST Wed, 27th Aug 2025 8:29:58 BST Wed, 27th Aug 2025 8:29:58 BST Karen Beare opened the document email. (104.28.40.140) Document emailed to karen@beare83.com Karen Beare opened the document email. (172.226.0.4) Document emailed to karen@beare83.com Document emailed to karen@beare83.com Karen Beare opened the document email. (172.226.183.2) Karen Beare opened the document email. (104.28.40.140) Karen Beare viewed the envelope (86.173.61.215) Karen Beare signed the envelope (86.173.61.215) Sent the envelope to Mark Taylor (mjtaylor@hwfisher.co.uk) for signing (86.173.61.215) Document emailed to mjtaylor@hwfisher.co.uk Mark Taylor opened the document email. (81.38.238.226) Mark Taylor opened the document email. (81.38.238.226) Document emailed to mjtaylor@hwfisher.co.uk Mark Taylor opened the document email. (82.132.246.98) Mark Taylor opened the document email. (82.132.246.98) Document emailed to mjtaylor@hwfisher.co.uk Mark Taylor opened the document email. (172.186.8.69) Mark Taylor viewed the envelope (185.105.75.177) Mark Taylor viewed the envelope (217.207.100.70) Mark Taylor signed the envelope (217.207.100.70) This envelope has been signed by all parties (217.207.100.70)