Registered number." 14352005 Charity numbor: 1202433 READING PROFESSIONALS FOUNDATION (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
READING PROFESSIONALS FOUNDATION {A Company Limited by Guarantee) CONTENTS Reference and Administrative Details of the Charity. its Trustees and Adviser5 Tru5tees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-10
READING PROFESSIONALS FOUNDATION (A Company Limited by Guarantee) REFERENCE AND ADMINISTIiATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trustees M Hdmes D Williams P Williams T Clark A Cowie A Peal Company registered number 14352005 Charity registered nurnber 1202433 Regisl8red office 4th Floor. Aquis House. Blagrave Street. Reading. England. RG1 1PL Accountants James Cowper Kreston, Apex, Forbury Road. Reading. Berkshire. RG1 1AX Bankers Natwesl Bank. Apex. Forbury Road, Reading. Berkshire. RG1 1AX Solicitors Broadfidd, 4th Floor. Aquis House, Blagrave Street. Reading. Berkshire. RG1 1 PL Page 1
READING PROFESSIONALS FOUNDATION IA Company Llmited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Tnjslees present their annual report logelher wrfh the financial slalemenls of the Readin9 Professionals Foundation for the 1 October 2024 10 30 September 2025. The Annual Report serves the purposes of both a Trustees. report and a directors, report under Company law. The Trustees confirm that the Annual Report an financial statements of the charitable company comply with the CUent statutory requirements. the requirements of the charitable companls goveming document and the provisions of the Statement of Recommended Pracb'ce ISORPI applicable lo chartties preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191. Since the Charity qualrfies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large cornpanies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectlves and a¢tivitl•$ a. Pollcies and obJ¢¢tives The Foundation's objects are to advance such charitable purposes (according lo the law of England and Wales) as the trustees see fit from lime to time in particular by prO¥Ing grants to support the work of chanties that operate within the UK for the public benefft. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating lo public benefrt, including the guidance 'Public benefit.. running a charty IP821', Achievements and perfomian¢e a. Main achievements of th¢ Charity The principal activity of the Charity is to provide grants lo support the work of chaTities that operate within the UK by organising events and raising money in Ihe Reading professional comwnunity. The charity started operating during October 2023. The main evenls for the year were the Reading Professionals Christmas Lunch during December 2024 and a boat trip al the beginning of September 2025. Both events were onsidered lo be very successful Together with donations raised at this event, the proceeds raised allowed grants of £10,50012024.. £7,500} to be made to local charities. Financial review a. Going con¢¢m 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 lo adopt the going concern basis in preparing the fLnancial stalemenls. Further details regarding the adoption of the going concern basis can be found in Ihe accounting policies. b. Rè$ory9s policy The Trustees keep sufficient funds in reseNes lo provide working Capital lo organise the next fund raising event. This is typicalty between £2.(100 and £3.000 whith is in line with the current level of reserves held. Page 2
READING PROFESSIONALS FOUNDATION (A Company Limited by Guarantee} TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structure, gov¢rnan¢e and management Constitution Reading Professionals Foundation is registered as a chantable company limTted by guarantee and was set up by a Memorandum of Assoc11(. b. Methods of appoinlment ow election of Trustses The management of the Charity is the responsibilrty ol Ihe Trustees who a eleded and co-opted under the terms of the Memorandum of Associatson. The Articles require there lo be a minimum of three and a maximum of six Trustees. Any member or employee of a Founding Organisation may be appointed to be a Trustee by a resolution of the Trustees noting Ihal there may not. at any point. be more that tsvo Trustees from each of the Founding Organisalions. Retiring Trustees will be eligible for re-appointment and can serve for a consecutive period of nine years, at the end of which they may only serve a further lem in exceptional circumstances with the approval of all of the other Trustees. statement of Truslees. responsibilitie$ The Trustees Iwho are also the directors of the Chartty for the purposes of company lawl are responsible for preparing the Tfuslees, Report and the financial statements in accordance with applicable law and Untted Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the Trustees lo prepare financial stalemenls for each financial year. Under company law, the Trustees musl not approve the financial slalements unless they are satisfied that they give a true and fair view of the stste of affairs of the Charity and of ils incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial statements, the Trustees are required to.. select suitable accovnb'ng policies and then appty them consistently" observe the methods and principles of the char"eS SORP IFRS 1021.. make judgements and accounting estimates that are reasonable and prudent- slate whether applicable UK Accounting Standards (FRS 1021 have been folk>wed, subject lo any material departures disdosed and explained in the financial slalements" prepare the financial statefflenls on the going c(Incem basis unless il is inappropriate lo 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 wrth reasonable accuracy al any lime Ihe financial posrtion of the Charity and enable them lo ensure that the financial statements comply wrth the Companies Act 2006. They are also responsible for safeguarding the assets of ihe Charty and hence for taking reasonable steps for the prevention and detection of fraud and other iffegularities. Approvee by order of the members of the board of Trustees and signed on their behalf by.. D Williams (Trusteel Date.. Page 3
READING PROFESSIONALS FOUNDATION IA Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Independent Exarniner's Report to the Trustees of Reading Professionals Foundation {Yhe ChaTity'} I report to the charty Tnjstees on my exarninah.on of the accounts of the Charity for the year ended 30 September 2025. Responsibilities and Basis of Report As the Tnjslees of the Charity land tts directors for Ihe purwses of company lawl you are responsible for the preparats.on of the accounts in accordance wth the requirements of the Companies Act 20¢% {'Ihe 2006 Acl'l. Having satisfied myself that the accounts of the Chartty are not required to be audited under Part 16 of tho 2006 Act and are elwjible for independent examination. I report in respect of ffly examH)alion of the Charills accounts carried out under section 145 of the Charrties Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by Ihe Charity Commission under secb.on 14515Kbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confimi that no rnatters have come lo my attention in connection with the examination giving me cause to believe= accounting records were not kept in respecl of the Charity as required by Seth. 386 of the 2006 Act" or the accounts do not accord wrth those records- or the accounts do not comply with the accounting requirements of sectt.on 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent exarninalion- or the accounts have not been prepared in accordance with the methods and principles of the Ststemenl of Recommended Praclice for accounting and reporting by charth.es lapplicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard apPIable in the UK and Rèpublic of Ireland {FRS 102)J. I have no concerns and have come across no other matters in connecti( wlh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. This report is made solely to the Charil¥s Trustees, as a body. in accordanee with Part 4 of the Charities IA¢¢ounls and Reports) Regulations 2008_ My work has been undertaken so that I might stste to the Charitys Trustees those matters l am required lo stale lo them in an Independent Examinerfs Report and for no other purpose. To the fullest exlenl permrtted by law. I do not accept or assume responsibility to anyone other than the Charity 2nd the Charivs Tnjstees as a body. for my work or for this reporL Signed- Daled.. 09.06.2026 Kenneth Mccoll Apex Plaza, Forbury Rd, Reading RG1 1AX Page 4
READING PROFESSIONALS FOUNDATION IA Company Limited by Guarantee} STATEMENT OF FINANCIAL ACTlVtTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted funds 2025 Total lunds 2025 Total funds 2024 Note Income from: tk)nab"ons and legacies other trading acliwlies 10,799 30.070 10,799 30,070 6,387 18,750 Totsl income 40,869 40,869 24,537 Expenditure on: Raising funds Ch8ritable activities 28,466 10.738 28.466 10.738 76,311 7.500 Total expenditure 39,204 39.204 23.811 Ngt movement in funds 1,665 1.665 726 Reconclllatlon of lunds: Total funds brought forward Net movement in funds 726 1.66S 726 1.665 726 Total funds caNied forward 2.391 2,391 726 The Statement of Financial Aclivtlies includes all gains and losses recognised in the year. The notes on pages 7 to 10 form part of these financial ststements. Page S
READING PROFESSIONALS FOUNOATION (A Company Limited by GuaTanteel REGISTERED NUMBER: 14352005 BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Note Current assets Cash at bank and in hand 2.391 726 2.391 726 Current liabilities Net current assets 2,391 726 Totsl assets less current liabilities 2,391 726 Nel assets excluding pension asset 2,391 726 Total net assets 2,391 726 Charity funds Restricted funds Unrestricted funds 2.391 726 Total funds 2.391 726 The Charity was entitled lo exempb.on frorn audit under $tion 477 OF the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibiltties for comp"ng with the requirements of the Act with respecl lo accounb'ng records and preparati( of financial statements. The financial statements have been prepared in aOrdan with the provisions applicable lo entities subject lo the small companies regime. The financial ststements were approved and auttK>n"sed for issue by the Trustees and signed on Iheir behalf by= D Williams {Trusteel Dale". The notes on pages 7 10 10 fomi part of these financial statements. Page 6
READING PROFESSIONALS FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 General infonnation Reading Professionals Foundation is a charitable limited company registered in England & Wales. The company regislr8lion number is 14352005 and the Charity Commission fegislered number is 1202433. The registered address is 4th Floor, Aquis House, Blagrave Street. Reading, England. RG1 1 PL. The principal aclivty of the Charity is to provide grants to support the work of tharities that operate within the UK by organising events and raising money in the Reading professional community. A¢¢ounting policies 2.1 Basis of preparation of financial stalements The financial statements have been prepared in accordance with the Chanties SORP {FRS 1021 Accounting and Reporting by Charrties." StsÉement of Recommended practi applicable lo ch8rib.es preparing their accounts ifi accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republ of Ireland {FRS 1021 and the CoMpanS Act 2006. Reading Professionals FoundalKJn meets the definrtion of a public benefit entity under FRS 102. Assets and Iiabilrties are initially recognised at historical cost or transaction value unless otherwise slated in Ihe relevant aoUnts.ng policy. 2.2 Income All illcome is recognised once the Charty has enlttlemenl lo the Income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Gits in kind donated for distribution are included al valuation and recognised as income when they are distributed lo the projects. Grfts donated for resale are included as income when they are sold. 2.3 ExpgndituTe Expenditure is recogni5ed once there is a legal or constructive obligation to transfer economic benefit lo a third paty. it is probable Ihal a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classrfied by activity. The costs of each acliwty are made up of the tol81 of direct costs and shared costs, induéing support costs involved in undertaking each aclwty. Direct costs 8ttn"bulable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one aclivrty and support costs which are not attribulable to a single ath.wty are aptx)rtioned betWn those aClNrtS on 8 basis consislenl with the use of resources. Expenditure on raising funds includes all expenditure incurred by the Charty to raise funds for ils charitable purposes and includes costs of all fundraising aclNtties events and non-charitsble trading. Expenditure on chantable activities is incurred on directly undertaking the activities which further the Chariws objectives. as well as any associated support costs. 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 allaching are fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as a cornmilmenl, bul not ac¢wed as expendrture. AJI expenditure is inclusive of iffecoverable VAT. Page 7
READING PROFESSIONALS FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aceounting policie5 {continued} 2.4 Debtors Trade and other debtors are recognised at the settlement amount after any trade discounl offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.5 Cash at bank and In hand Cash al bank and in hand includes cash and short-terrn highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.6 Financial instrurnents The Charity onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are InallY recognised al transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. In¢ome from donations andlggacies Unre$tri¢ted funds 2025 Total funds 2025 Total funds 2024 Auctson, raffle & similar donations 10,799 10,799 6,387 Total 2024 6,387 6,387 Income from other trading activities In¢omg from fundTrising events Unrestricted funds 2025 Total funds 2025 rolal funds 2024 Christmas lunch & boat trip 30,070 30,070 18,150 Total 2024 18,150 18,750 Page 8
READING PROFESSIONALS FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Expenditure on raising funds Costs of raising voluntary incorne UnrestTiCted funds 2025 Total funds 2025 Total funds 2024 Christmas lunch & boat trjp 28,466 28,466 76,311 Total 2024 16,311 16,311 Analysis of expenditure on Charitable adivities Summary by fund type Unrestricted funds 2025 Total 2025 Total 2024 Grants made Bank charges 10.5(KJ 238 10,500 238 7.500 10.738 10.738 7,500 Total 2024 7,500 7,500 Independent examinerfs remuneration The independent examinerfs remuneratscKs amounts lo an independent examiner fee of £ -12024 - £ -1. Trustees. rernuneration and expenses During the year, no Tnjslees received any remunerab.on or other benef51s {2024 - £NIL). During the year ended 30 September 2025, no Trustee expenses have been incurted (2024- £NIL). Page 9
READING PROFESSIONALS FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 statement of funds Staternent of funds - current year Balance at 30 Soptgmber 2025 Balance at 1 October 2024 Income Expenditure UnTestricted lunds General Funds 726 40,869 {39,2041 2,391 10. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Current assets 2.391 2.391 Total 2,391 2,391 11. Controlling party The Charity is under the control of its Truslees. Page 10