Charlly reglstratlon number.. 1204612 The Believe Foundation Annual Report and Financial Slolemenls for the Year Ended 31 March 2025
The Believe Foundation Contents (contlnued) Ref8r8nce and Administrallvè Details Truslee5' Rewrt Sialement of Tiusiees. Responslbilllles Accountants, Roport Statement of Flnanclal Activllies Balance She81 Notes lo the Flnancial Statemen18 71010
The Believe Foundation Reference and Administrative Details Chief Executlve Officer Ms Pgulin9 Fynn Trustees Mr Colin Levy Mis8 Georgina Sle&rwood Mr Thoma8 Humphries Elena Brihan Charlty Roglstratlon Number 1204612 Prlnclpal Offlc8 Flat 62 Vlncenl Court B911 Lane London NW4 2AW Independent Examlner Pl Accountants Lilllemèad Hollingdon Buckhlnghamshire LUT OON Page 1
The Believe Foundation Trustees. Report The trusteès pre8ent the annu81 report logethgr with th& financial slalemenls of th8 charity for the year 8nd8d 31 March 2025. Th8 annual report was approved by the Iw8t8es of the charlty on 30 January 2026 and slgn8d on it8 behalf by: fjNEOSECltRL¥ aoM11202Bp112..00..11 PMVTC Mr Thorna$ Humphrl88 Trustee Page 2
The Believe Foundatlon statement of Trustees, Responsibiliti08 The trustees are r8sponsibl8 for preparing the tru8tèes' report and the financial slalemenls in accordane6 th the United Kingdom Accounting Stsndards (United Klr¢gdom Generally Accepted Accounllng Practlce) and applicable law and regulations. The law applicable lo charities requires the trustees lo prepare financial statements for èach linancial year which give a tru8 and falr view of the slalo of affairs of the charity and of the Incoming resources end applicallon of resources of the charlty for that perlod. In preparlng these financial slal8m&nls. the trustees arg required lo= select SLJilable accounllng policies and then apply them con8lslenlly', observe the methods and princlples the Charities SORP., make judgèmènts and esllmates that are reasonable and prudent., stsle whether applicabla accounting Standards have been followed, sublecl lo any malerbal d8partur&8 dS8cIo8ed 8nd explained in tho flnancl81 glalem8nls', and prepare the financial slalemenls on the golng Goncern ba81s unle881118 Inapproprlale lo presume that the charlly wlll continue in business. The trustees are fesponslble for keeplng proper ac¢ounllng records that dlsclose wlth reasonable accuracy 81 any Ilme the flnancial positlon of the charlty and enable them to ensure that th8 financlal st81&ments comply wilh the Charllies Act 2011, the Chariti68 IAccoLsnls and R6portsl Regulallons 2008, and Ihg provlslons of the consutullon. The trustees are also re5ponslble lor safeguardlng the assets of the charity and hence for taking rea¥onab18 sleps for the prevgntlon and deteGllon of fraud 8nd other irregu58rllSes. Thtr trustee8 ar8 responslb19 for the malnlenanco and integrlty of the corporal6 and fln8nclal Inform8llon included on the charltable company's website. Leglslalion gov8rnlng the preparation and d18semlnalion of linancial slalemenls may differ from legislatlon In other jur18dlctlons. Approved by the Irus1888 of thg charlty on 30 January 2026 and slgned on ils b$half by.. SIQNEP ¢vRELy 3om1f40204* t2..06..YI P&1 UT¢ Mr Thomas Humphrie$ Tiusl&e Page 3
Chartered Certified Accountants, Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of The Believe Foundation for the Year Ended 31 March 2025 In order lo assist you to fulfil your duties under tha Companies Act 2006. we have prepared for your approval the accounts of The Believe Foundation for the year ended 31 March 2025 as set out on pages 5 10 10 from the companys accounllng records and from information and explanations you have given us. As a praclising membar firm of the Association of Chartered Certifi8d Accountsnls we are sublecl lo its ethical and other profession21 requirements which are detailed al hllps'.Ilwww.accaglobal.comlgblenlmemberlslandardsl rules-and-standardslrulebook.hlm. Thls report is made solely lo Ihg board of directors of The Believe Foundation, as a body. In accordance with the terms of our engagement lell&r. Our work has been und8rtakèn solely lo prepare for your approval th8 financial stalements of The Belleve Foundation and slate thosa matters that we have agre8d lo state lo the board of directors of The Believe FoundaliDn, as a body, in this report, in accordance with the requiremonts of the Association of Chartered Certified Accounlanls as detailed al hllp'.Ilwww.accaglobal.comlgblenllechni¢al-aclivillesllechnical-resources.seareh1200gi ocloberlfsctsheel-163-audil-exempl-companies.html. To the lullesl extent permltted by law. we do not accept or a88ume responslbility lo anyone other than The 8elleve Foundatson and Ils board of dlreclors as a body for our work or for this report. 11 is your duly to ensure Ihgt The Bell8ve Foundation has kept aéaquale accounting records and lo preparé ststulory 9ccounls that give 8 true and fair vlew ol the assets, liabilillas, financial position and ol The Believe Foundation. You consider that The Beligve Foundation Is èxempl from the statutory audlt Yequlramenl for the or. We have not been Inslrucled to carry OLFI an audll or a revlew of the accounls of Th6 Belleve Foundallon. For Ihls r&ason, we have not verified Ihg accuraGy or complelfjness of the aGcounlSng rocords or Informallon and explanations you have given lo us and we do not, Iher9fore, express any oplnion on the 81alulory accounts. W•Arè Pi Chart•i•d Certlfiod A¢cOUtantl FthA 8Urlh2Mhr¢, LU7 ODN l.. D9450 94 9135 i*: Hniiiilii8$41w¢aTopl,uk 30 January 2026 Page 4
The Belleve Foundatlon Statement of Financial Activities for the Year Ended 31 March 2025 Unrestrlcted fund5 Total 2025 Note Incom& and Endowments Irom: Don81ion8 and lagacies 1,617 1,617 Total Income 1,617 1,617 Expenditura on: Charllable aclivllies Other oxpendllure Total expendllure 13001 594 13001 594 894 8941 Nel Income 723 723 Nel movement In funds 723 723 Reconclllatlon of funds Total funds carrled fotward 10 723 723 All of the ¢harily'$ #ctlvllles darlve Irom conlinulng oporallon8 durlng the above period. The nolgs on pages 7 10 10 form an Integral parl of these flnancial statements. Page 5
The Believe Foundation {Reglstration number: 1204612) Balance Sheet as at 31 March 2025 2025 Note Current assets Cash at bank and In hand 903 Creditors: Amounts falling due wlthln ona year N•t assats 180 723 Funds of the charlty: Vnrestrlctèd income funds Unreslricled funds 723 Total funds 10 723 The financlal slalemenls on pages 5 10 10 were approved by the tru8tee$, and aulhori8ed for issue on 30 January 2026 and signed on their behalf by.. GNEDSt¢URELY 3010112021 Él fl.'06..11 PM UTC Mr Thomas Humphri88 Trustee The noles on pages 7 to 10 form an integral part of thÈse financial stalemenl8. Page 6
The Believe Foundatlon Notes to the Financial Statements for the Year Ended 31 March 2025 1 Accountlng pollcles SL*ement of compliance The financlal statements have been prepared In accordance with the second edlllon of the Charities Slalemenl of Recommended Practice is8U8d in October 2019, the Flnancial Reporting Stsndard applicable in th¢ United Kingdom 8nd Republic ol Ireland IFRS 1021 and the Charllies Act 2011. Basis <>f preparatlon The Belleve Foundation meets thè defSnllion of a publlc benefit entlty under FRS 102. The ?ccounts (financial slalemenlsl have been prepared under the historic81 cost convention with Itéms recognlsed at Cost or Iransactlon value unles5 olhaM48e slated in the re10vanl nolg1$l to thes8 account5. Golng concern The Iruslees conslder that there are no mgterSal uncertalnlies about the charlll8 abSllty lo conllnue as a golng Concern, Incomè and endowments Voluntary Incom8 Including donallons, glfts, legacies and grant8 that provid• core fundlng or are of a general nature Is recognlsed when the charlly ha8 entlll8m8nl lo the Income, il Is probable that the SnGorne will be recelved and the amount con be measured wllh suffiGignt reliabillly. Donatlons and legacles Donatlons and legacies arg r8COgnlsed on o ro¢$lvable ba818 when r8cèlpt Is probable an¢J the amount C8n be rellably measured. Expendlture All expendlturè is recognised on¢e there Is a legal or construcllve obllgallon to that expendllure, it Is probable settlement is requlrÈd and the arnounl can be rneasud reliably. All costs are allocated lo the appllcable expenditure headlng that aggregate slmilar Gosls lo that category. Where costs Gannot be dlreGlly attribulgd to partlcular headings they have been allocalod on a basis consislenl with thè use of resources, with central staff costs allocated on tho basis of Ilme spent. 8nd d8preclallon charges 0Slocaled on the portion of the asset's use. Other support costs are allocated based on the spread of slaff costs. 8upport costs Support costs indude central funGlion8 and have been allocated to 8ollvity cost categories on a b8sIs consislenl wlth the use of resources, for example, allocating property costs by fl¢)or areas, or per capila, staff costs by the Ilmg spent and other costs by their usage. Governance costs These include the costs allribulable ID the charity's compll8nce with constilulional and 51alulory requirements, including audit, strategic management and trustees meetings and relmbursed expenses. Page 7
The BelFeve Foundatlon Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Taxation The charfty Is considered to pass the lesls 8el out in Paragraph 1 Schedule 6 of the Flnanca Act 2010 and Iherafore it meets the deflnilion of a charitable company tor UK corporation tsx purposes. Accordlngly, tho charity is potentially exempi from taxation in respect of income or capllal gairss received wilhln calegorles covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sects'on 256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied exclusively to charit8ble purposes. Ca¥h and cash equlvalents Cash and cash equlv81@nts comprise cash on hand and call deposits, and other short-t&rm hlghly liquld investments that are readily convertible to g known amount of ca$h and ar8 subject io an Insignlflcanl risk of change in value. Fund structure Unreslri¢ted Incom8 funds are general lunds that arg avallable for use al the trustees dls¢r8llon In furtherance of the obleclives ol the charlly. 2 Incom8 from donatlon8 and lègacles Unre8trlct8d funds General Total fund$ Donatlon8 and legaclè$,' Donations from Individuals 1.617 1,617 Total for 2025 1,817 1,617 3 Exp8ndlture on charltablè actSvltles Unr68trlcted funds General Total funds Nots Governance costs 300 300 Page 8
The Believe Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Total expendlturo 4 Othgr •xp8nditure UnrestriGted funds Gonoral Total funds Not• Markeling and publicity Allocated support costs 45 549 45 549 Totsl for 2025 594 594 5 Analy818 of govaTnance and support ¢o$t$ Gov•rnance costs Unrestrlct8d funds Gonerèl Total funds Independent gxamlner fees Examlnallon of the hnanclal slalem8n18 300 300 Total for 2025 300 300 6 Independant examlnar's remuneratlon 2025 Examinatlon of the financi81 st8tem6nts 300 Page 9
The Believe Foundation Notes lo the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Taxatlon The charlty is a registered charity and is Iherefore exernpl from taxation. 8 Cash and cash equlvalents 2025 Cash at bank 903 9 CredStors'. amounts falllng due within one year 2025 Accru818 180 10 Funds Incomlng resourcos Re80urces oxpended Balance at 31 March 2025 Unro$trlcted fund8 General 894 723 11 Analysls of net assets b•twoen funds Unrestrlcted funds General Total funds at 31 March 2025 Curr$nt a88eÈs Current liabllllies 903 180 903 180 Total net assets 723 723 Page 10
The Believe Foundation statement of Financial ActivSties by fund for the Year Ended 31 March 2025 Total Unrestrlcted Funds 2025 Incom8 and Endowmants from: Donatlons and legaGles 1,617 Total Income 1,617 Expenditure on: Charitable 8cllvi1188 Olher expenditure {3001 594 Total èxp8nélture Nel income 894 723 ReGonclll8tlon of funds Totsl funds carrled forward 723 This page doès not form part of the slalulory financial slalements. Page 11
The Believe Foundation Detailed Statement of FSnancial Activities for the Year Ended 31 March 2025 Total 2025 Income and Endowment5 from: Donations and legac¢es lanalysed below) Total income 1,617 1,617 Expendllure on: Charitable activities {analysed below) Other expenditure lanalysed below) Tot81 expenditure Nel income 13001 1594 723 RaconcS1iation of funds Total funds Carried forward 723 Thls page does not fomi part of the statutory financial stslemenls. Page 12
The Believe Foundatlon Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (contlnued) Total 2025 Donallons and leg8cles Appeals and donations 1,617 1,617 Charllable aGtlvltles Accountancy fees 300 300 other expendlturo DlreGI co818 Computer software and malnlenance costs Printing, postage and slatlonery 15491 1381 594 Thls page does not form part of the slalutory flnancial stalemenls. Page 13
Trustees’ Annual Report for the period
From 1[st] April 2024 Period start date To Period end date 31[st] March 2025
Charity name: The Believe Foundation
Charity registration number: 1204612
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To assist in the treatment and care of persons who have suffered from domestic abuse (be that physical, mental, emotional or financial) and to preserve and protect their physical and mental health in particular by the provision of therapeutic and practical services (including psychotherapy, counselling, advice regarding legal, household and financial matters, nutrition and exercise workshops and a back to work programme designed to assist beneficiaries in seeking suitable employment following their recovery from abuse. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Psychotherapy, counselling, advice regarding legal, household and financial matters, nutrition and exercise workshops and a back to work programme designed to assist beneficiaries in seeking suitable employment following their recovery from abuse |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The priority for the Board of Trustees is to ensure the charity’s objectives fully meet the Commission’s guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In 2024 the charity has held two fundraisers, with the objective being to raise awareness of the charity and it’s objectives, and to fundraise, whilst developing, maintaining and growing the Board of Trustees. The charity has implemented a 5 year Road Map to Recovery to enable growth at a steady and achievable pace. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Financial Activities for the Year Ended 31st March 2025: £723 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Not applicable at this point. |
| Amount of reserves held | Para 1.22 | Not applicable at this point. |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable at this point. |
| Details of fund materially in deficit |
Para 1.24 | No. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None. |
Additional information (optional)
| Additional information (optional) | Additional information (optional) | Additional information (optional) |
|---|---|---|
| You may choose to include further statements where relevant about: | ||
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Through voting process. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | The Believe Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1204612 |
| Charity’s principal address | 62 Vincent Court, Bell Lane, Hendon, London, NW4 2AW |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Georgie Steerwood | 1stOctober 2023 to current |
|||
| Colin Levy | 1stOctober 2023 to current |
|||
| Elena Brihan | 15thSeptember 2024 to current |
|||
| Thomas Humphries (Chair Elect) |
28thJuly 2025 to current | |||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
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
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Not applicable.
Other optional 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) Thomas Humphries
Position (eg Secretary, Chair Elect Chair, etc)
Date
30/1/2026