George Fentham Birmingham Charity (A Charitable Incorporated Organisation) Annual Report and Financial Statements Period ended 31 December 2025 Charity number.. 1204784 CIO number: CE033583 Feltons Chartered Accountants Birmingham B13JR
GEORGE FENTHAM BIRMINGHAM CHARITY Report and flnanclal statements Year ended 31 December 2025 Contents Page Reference and adrninislrative details Report of the trustees Independent Auditols report on the financial statements Statement of financial activities Balance sheet 10 Notes forming part of the financial statements, incofporats'ng.. Statement of accounting policies 11 Other notes lo the financial stslements 14 Appendix 1- Grants distributed in year to 31 December 2025 18
GEORGE FENTHAM BIRMINGHAM CHARITY Reference and Administrative Details Chair Mr M. Holcombe Trustees Dr C. Hon Ll Mrs J. Scarrati Mr P. Tunnadine Mrs S. Watts Iresigned 22 October 2025} Mr H. Naylor lappoinled 18 June 2025} Mr R. Gafside {8ppoinled 14 January 20261 Secretsry Mrs J. Hobday Principal office and Solicitors Veale Wasbrough Vizards LLP Second Floor 3 Brindleypla Birmingham B1 2JB Charity number 1204784 Independent auditor Feltons 8 Sovereign Court 8 Graham Street Birmingham 813JR Bankers Lloyds Bank PIC 1141116 Colmore Row Birmingham B3 3BD Investment Manager Evelyn Partners 703 Colmore Row Birmingham B3 3AG Website www.georgefentham¢harity.org.uk
GEORGE FENTHAM BIRMINGHAM CHARITY The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2025. Objectives and Activities POLICIES AND OBJECTIVES Under its consb'lulh)n dated 19 September 2023, the objects of the ehanty a.. 11 the relief of those living in the City of Birmingham in need, by reason of youth, age, ill-health, disability. financial hardship or other disadvantage, and 21 the relief of those living in the City of Birmingham in need in relation lo edu¢ation. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives in establishing ils grant making policy and planning future aclivilies. In particular, the trustees have considered how planned activities will contribute to the aims and objectives set. GRANT MAKING POLICIES Applications should be made to the secretary by email lo available to download on the charity's website - hlt s IIVJWW. eoraefenlham vwv.co. uk using the forms that are eor elenlhamcharil .oro.ukl. Details of the Iruslees, grant making crilerta can also be found on the charity's website together wrth FAQS about the process and conditions of grants. Achlevements and performance REVIEW OF ACTIVITIES The charity's financial statements are set out on pages 9 to 17. A representslive year on year comparison of performance is not possible as this is the first full accounting year following incorporation. Incoming resources in the year amounted to £269,589111 months to 31 December 2024.. £8,194,135, including £7.943,315 arising on the transfer of operations on incorporation to a CIO). All income in the current year was unreslricled {2024.' £569,620 unrestricted and £7,624,515 endowed). Expenditure during the year totalled £267,12212024'. £194.8821. comprising support costs, govefnanee and costs of raising funds. The trustees utilise the services of Birmingham Settlement to act as agents in making distrlbulions on their behalf. Grants and dorsalions awarded during the year. including those made via the charity's agents, amounted to £156,939, with a further £6.150 being awarded directly to individuals attending Higher Edu¢ation institutions 12024.. £101,665 and £10,250 respectively} Realised gains on investment disposals were £60.485 (2024.. £196.497), and the market value of investments increased by £802,54612024.' £431,124). Overall. the charity reported a nel increase in funds of £1.757,424. comprising £32.214 of unreslri¢led fvnds and £1.725,210 of endowed funds12024'. £8.415,675. comprising £398,206 unrestricted and £8,017,469 endowed). INVESTMENT POLICY AND PERFORMANCE There are no restrictions on the charity's power to invest. The trustees have appointed investment managers on a discretionary basis who reF)Ort to the trustees al their quarterly meetings. Page 2
GEORGE FENTHAM BIRMINGHAM CHARITY The trustees, objectives are.. 11 the creation of a sufficient financial return lo enable the charity lo carry out its purposes effectively and without interruption. To achieve this, the Iruslees sel annual targets for nel income. The largel for the year ended 31 December 2025 was £200,00012024.. £200,000).. 21 the maintenance and enhancement of the investment funds in real terms whilst they are invested.. 31 to obtain a reasonable balance between capital growth and income so that the charity can meet future as well as current needs., and 41 to avoid investments that are unduly risky. The funds may be invested in any type of investment. The trustees, policy is lo invest in an appropriate mix of assets e.g., propety. equities, fixed interest and monetary assets. The Iruslees recognise that the feturns on equities, while expected to be greater over the longer-lerm than those of fixed interest and monetary assets, are likely lo be more volatile. Inveslrnenl in a mix of asset classes should nevertheless provide the levels of relum reqUid and mitigate volatility for the charity to a¢hieve ils objectives. The trustees have Considered and, after consideration, have decided not to pursue a policy of ethical investments. Financial review RESERVES POLICY 11 is the policy of the trustees lo distribute the majority of the unrestricted ineorne each year and to hold very little in the way of reserves. The trustees are of the opinion that the balance sheet discloses funds adequate for the purpose of fulfilling the obligations of the charity. structuro. governance and managomgnt CONSTITUTION The charity is a Charitable Incorporated Orgarsisalion with a constitution registered with the Charity Commission on 19 September 2023. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The managemenl of the charity is the responsibility of the trustees who are nominated or co-opted under the terms of the constitution. The Iruslees who served during the period are set out on page 1. Under the constitution, the ¢harity may have a maximum of six appointed trustees and four nominated IrLtstees. The appointed trustees shall be persons who through iesidence, or occupation or employment, orolherwise have special knowledge of the City of Birmingham. The nominated trustees shall be appointed as follows.. two by Birmingham Settlement and by the Council of the University of Birmingham. Future co-opted trustees shall be appointed by a resolution of the existing trustees. Future nominated trustees shall be appointed according to the ordinary practi of the relevant appointing body. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES The trustees lake such action as they ¢onsider necessary to keep themselves informed of changes in charity law and governance.
GEORGE FENTHAM BIRMINGHAM CHARITY ORGANISATIONAL STRUCTURE AND DECISION MAKING All matlers of poli¢y and management are determined al the regular meetings of the trustees usually held four times a year. The trustees have appointed a su&committee to deal with educational grant applicab'ons. The Iruslees who served during the period are.. Mrs J. Scarratt, Mrs S, Watts and Dr C. Hon Li. The charity does not employ any staff and hen has no paid key management personnel. RISK MANAGEMENT The trustees have assessed the majoi risks to which the charity is exposed, in particular those related lo the operations and finances of the charily, and are satisfi'ed that systems and procedures are in place lo miligale our exposure lo the major risks. The trustee5 keep under review the major strategic and operational risks which the charity faces and are satisfied that systems have been established in order to minimise the possible effects of such risks on thè charity. The principal risks faced by the charity lie in the performance of investments and the capacity of the charity lo make effects've grants. The main risk lo the charity Irom financial instruments lies in the combination of uncertain investment markets and volalilily in yield. The charity is reliant on dividend yield lo finance ils work. Liquidity risk is anticipated to be low as all assets are traded. The charity's investments are mainly traded in markets with good liquidity and high trading volumes. The charity has no material investment holdings in markets subject lo exchange controls or trading restrictions. The charity manages these investment risks by retaining expert advisors and operating an investment policy that provides for a high degree of diversifition of holdings within investrnenl classes that are quoled on recognised stock exchanges. The charity does not make use of derivatives and similar complex financial instruments as it lakes the view that investments are held for their longer-lerm yield total return and historic studies of quoted financial instruments have shown that volatility in any particular 5-year period will nomially be corrected. The risk of lack of capacity to make effecttve grants is mitigated in part by the establishment of a sub<ommillee lo deal with educational grants and by the retention of a professional secretsry lo the twstees who is an expert in the field of chartty law. During 2025, the charity's investment propety became vacant and the Iruslees have continued lo engage the estate management services of Carter Jonas lo manage the property. Carter Jonas are experts in this field and have supported the charity with a marketing campaign. Post year end, the investment property was sold by private sale and the Charity is investing the prOedS ot sale within the existing portfolio. Plans for future perlods FUTURE DEVELOPMENTS The trustees plan lo continue their policy of maximising the charity's income with a view lo at least maintaining the level of grants awarded bul with the aspiration of increasing the level of grants year on year.
GEORGE FENTHAM BIRMINGHAM CHARITY TRUSTEES. RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the trustees, report and the finanaal ststements in accordance with pplicable law and United Ffjngdom Accounting Standaid$ (Unit1 Kbngdom Generally Accepted Accoundng Practice). The law applicable to chaiitiès in England and Wales requires the trustees to prepa financial slalernenls lor ea¢h fi'n2ncial year which give a true and lair view ol the state ol affairs of th8 ¢harily and of the incoming resources and application of resources ol the ch8rily lor that perKxJ. In preparing these flnancial stalemenls, Ihe trustees are required to.. select suitable accounb.ng pulicies and then apply them consistenuy., observe the melhcxjs and principles in the Charitiés SORP 2019 IFRS1021', make judgments and accounting e51imale5 that are reasonable and prudent.. slate whether applicable accounbng standards have been followed, subject to ofjy material departure$ disclosed and explained in the financial stalements, prepare the financial statemen15 on the goin9 concern basis unless It is inappropriate to presume that the charity bwll ¢onlinue In operation. The Irvslees are responsiblo for keeping proper accounting words that are $uffi'cienl lo show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position ol the ch8rily and enable them to ensure th31 the financial stalernenls comply with the Charitses Aet 2011, the Chaiily IAccuun15 and Reportsl Regulations 2008 and the provislons of Its governing doeurrpnl. They are also Tesponsible for safegvarding the assets ol the charity and hence for taking re8sonable steps for the prevenb'on and detection ol fraud and other Irregularib"es. Disclosure of Infomiation to auditors Each ol the persons who are trustee5 at the time when this Trustees, Report Is approved has Conflrmed Ihal." so far as th81 trustee is aware, there is no relevant audit informatiori of whih the charily'5 avditors arè unaware, and that trustee has taken all the steps that ouohl to have been taken as a trustee in order to be 8ware of any relevant audit information and lo establish that the charity's auditors are aware ol Ihat inlorrnation. Thi5 repc*rl was approved by the trustees on L3 Zol and signed on their behalf by". Mr M. Holcoinbe I ' hairl Paae 5
Independent Auditor's Report to the Trustees of George Fentham Birmingham Charity (A Charitable Incorporated Organisation) Opinion We have audited the financial $lalemenls of George Fenlham Bimingham Charity {Ihe 'charily'l for the year ended 31 December 2025 which comprise the Statement of Financial Activities. the Balance Sheet and notes to the financial statements, including significant accounting policie5. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standard5. including Flnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kin9dom Generally A¢cepled Accounting Practice). In our opinion the financial slalements give a true and fair view of the slate of the charills affarrs as al 31 December 2025, and of ils incoming resources and application of resources, induding ils Income and expenditure, for the year then ended., have been properfy prepared in accordance with United Kingdom Generally A¢¢epled Accountsng Practice.. and have been prepared in accordance wlh the requirements of the Ch3rifye5 Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI {ISA5 {UKII and applicable law. Our responsibilitie5 under those standards are further described in the Auditor's responsibilities for the audit ol the financial ststemenls Section of our report. We are independent ol the charity In accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlh these requirements. We believe that the audit evidence we have obtsined is 5ufficienl and appropriate lo provide a basi5 ILY our opinion. Concluslons r¢latirbg to going concem In auditing the financial statements, we have concluded that the Iruslees, use of the going ¢oncern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or ¢ondilions that. individually or collectively, may Cast significant doubt on the charity's ability lo continue as a going concem for a period of at least twelve months from when the financial statements a aulhtsrised for issue. Our responsibilities and the responsibilities of the tnjstees wlh respect lo going con¢ern are described in the relevant sections of this report. Other information The other information ¢omprises the information inclLJded in the Iruslees annual report. other than the financial stalements and our auditor's report thereon. The truslee5 are responsible for the other information contained within the annual report. Our opinion on the financial slalements does not cover the other Information and, except lo the exienl otheiSe explicidy slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so. consider whether the other infomab'on is materially in¢onslStent wih the financial slalernents or our knoedge obtained in the course of the audit or olherwse appears to be materially misstated. If we identify such material inconsistencies or apparent material mi551atemenls, we are required lo determine whether this gives rise lo a nalerial misstatement in the financial slalemenls themselves. If, based Dn the work we have perftxmed, we conclude that there is a material misstatement of this other infomialion, we are required lo report that fact. We have ntrthing lo report in thi$ regard. Page 6
Independent Auditor's Report to the Trustees of George Fentham Birmingham Charity {A Charitable Incorporated Organisationl Icontinuedl Matters on whlch we are required to rèport by exception We have nothing to report In respect of the following mallers where the Charities (Accounts and Reports) Regulations 2008 requires us lo report to you tf, In our opinion.. the information given in the Trustees. Report is in¢onsistenl in any material respect with the financial sufficient accounting records have not been kept", or the financial slalemenls are not in ag¥eemenl with the accountirKJ record5 and relums., or we have not received all the info)rrnalion and explanation5 we require for wr audit. Responsibilitlas of trustees As explained more fully in the Trustees, Responsibilities statement, the tsuslees are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view. and for such inlemal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial slalements, the trustees are responsible for assessin9 the Charit$ ability to continue a8 a going concem, disclosing, as appli¢able, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the ¢harily or lo cease operations, or have no reali51ic alternative but to do so. Audltor'$ rospon5ibllities for the audit of the financial statèment5 We have been appointed as auditor under section 144 of the Charities Act 2011 and report In accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement, whether due lo fraud or error, and lo issue an audilor's report that includes our opinion. Reasonable assurance is a high level ol assurance, but is not a guarantee that an audit conducted in accordance ¥Mlh ISAS IUKI will always detect 8 material misstatement when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Iriegularities, includirbg fraud. are instsnces of non-compliance wlh laws and regulations. We design procedures line with our responsibilities. outlined above, lo delect material mi5slalemenls in respect of irregularities, in¢luding fraud. The specific procedures lor this engagement and the extent to which these are capable ol detecting Irregularilles, Including fraud is detailed belL)w'. We vieWed the charity's control and risk management prlxedures and planned our work based on our a55essmenl of those controls and procedures-, This review included an assessment of the risk of material misstatement due lo errors, fraud and management override of controls for all material areas in the financial statements., We made enquiries of management ancs the charity's lawyers regarding any actual or potential litigation andltsr Claims,. Financial statements disdosures were vieWed and checked for compliance with applicable laws.. Detailed testing was conducted on balances and transactions including unusual items and those of Individual significance lo the financial statements., Communications with management and those charged with govemance gardIng relevant maller5 was undertaken throughout the audit and on completion. Page 7
George Fentham Bimiingham Charity (A Charitable Incorporated Organisationl (continued) AuditoV$ r¢$pon$lbllltl•$ for th• audlt of th& finan¢lal Ststsments l¢ontinued} Because of the inherent limit8lK•n$ of an audit, there 15 a risk that we will not detect all iffegularilies. induding those leading to a material misstatement in the financial statements or non-¢ompliance wlh regulation. This risk inereases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves Intentional nCealment, forgery, llUsIon, omission or misrepresentation. A further description of tsur responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilites. This description fomis part of our audilovs feport. Use of our rgport This report is made solely to the eharity'$ IrLfStees, as a body, in accordance with Part 4 of the Charities (Accounts and Report51 Regulation5 2008. Our audit work has been undertaken so that we might state lo the charity's trustees those mallers we are required lo stale lo them in an Auditors, Report and for no other purpose. To the fullest extent Femiitted by law, we do not accept or assume re5pon5ibilily lo anyone other than the charity's and its trustees, as a body, ftsr our audit work. for this report, or for the opinion5 we have tomied. Foltons 8 Sovereign Court 8 Graham Street Bimiingham B1 3JR Date..... Feltons are eligible for appointment as auditor of the charity by virtue of 115 eligibilty for appointment as auditor of a company under section 1212 of the Cornpanies Act 2006. Page 8
G8orge Fentham Blrmlngham Charlty Statement of financial activities for the year ended 31 December 2025 Unr•strl¢tsd funds $trl£tèd funds Endowm•nt funds Totsl 2025 Tolal 2024 Notes Income Dividend and fixed interest rec£ipls Bank and Investment manager account inl&rest Rental inwne Net assets tr8n$ferred in Other income 152.522 152,522 148.792 63.212 53,021 63.212 53,021 40,519 60,000 7,943.315 1.509 12 834 834 Total Income 269.589 269,589 8,194,135 Expendtture Costs ofrdi5ing lunds.- Inve5tfflenl management Charitable lltI$." Grant making Support C05t5 9,916 29.747 39.663 31.291 163,089 64,370 163.089 64,370 111,915 51,676 Totsl ¢¥pgnditure 237,375 29.747 267,122 194.882 Net Incomellexpenditurel before Investment galnslllo$$e$l 32.214 129,7471 2.467 7,999,253 Unrealised gair+ on revaluath.on ol nvestment property Nel gains on invesbnents 900,000 900,rM)o 10 854,957 8Y.957 416.422 Net income before transfers 32,214 1.725,210 1,757.424 8,415.675 Gft)$$ transfers beNveen fund5 io Net mov¢ment In fund$ 32,214 1.725,210 1,757,424 8.415.675 R8conclliation of funds Total lund5 brought forward 10 398.206 8,017,469 8.415,675 Total funds earned fotrward 430,420 9,742,679 10.173,099 8,415,675 All ol the charity'8 a¢kn'vities derive frLYn continuing ¢perations dunng the financial period. P8ge 9
Goorgè Fentham Blrmlngham Charlty CIO number.- CE033583 CharSty nutnbor .- 1204784 Balance sheet as at 31 December 2025 31 Oec 2025 31 Dec 2024 Notes Flxed assets Investment property Investments 925,000 8.713,777 9,638,777 25,000 7,911.231 7,936.231 Current 8$$ets Debtors Cash at bank and in hand 35.414 511.2f1 546,625 28,940 461,666 490.606 redltors: amounts falllng duo wlthln on¢ yèar 12.303 11.182 N8t current 0$sgts 534,322 479.444 Net assets 10.173,099 8,415,675 Fynrls of th¢ Charity . EndOWnt ftJnd$ Unresiricled funds 10 10 9,742,679 430,420 8.017.469 398,206 Total funds 10,173.099 8.415,67S The fan¢41 ¥lalernonts wertr approved by tho board of trGISe$ ¢Tr . bahaw by". . and ere &gned on lis Mr M. Hol¢ombe Ichalrl The notes 90 pa925 11 to 17 f(Jrrn pwl of the* acuunt& Poge10
George Fentham Blrmingham Charlty Notes to the financlal statements for the year ended 31 Decembgr 2025 1. Accounting policies al General infomiation On 19 September 2023. the charity ¢onverted from an unincorporated charity li) 8 Charitable Incorporated Organisalion ICIOI. On 1 February 2024, all operations, assets. and liabilities of the UnInrporated enb'ly were transferred to the new CIO, which has since carried out the actwilies of the charity. The address of the principal office is given in Ihe reference and adminislralive details of the charity on page 1 of these financial statements. The nature of the ¢harills operations and princlpal aciNities are the making of grants for the ielief of hardship. bl Basls of prgparation The finanual slalements have been prepared in acwrdance with the Charities SORP IFRS 1021- Accounting and RepDrtin9 by Charities.. Slalement of Re¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019}, the Finan¢ial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102) and the Charities Act 2011. The charity conslilvles a public benefit enlily as defined by FRS 102. The financial slalemenls are prepared under the historical cost convention unless otherwise stated in the relevant accounting policy note. c} Going concern The financial 51alemenls have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The Iruslees have considered the level of funds held and the expe¢ted level of income and expenditure for a pgriod of 12 months from the dale of authorising these financial $lalements. The budgeted income and expenditure is sufficient wlh the level of reserves for the charty to be able to continue as a going concern. dl Income rècognition l incoming resources are included in the Statement of Financial Activities ISOFAI once the charity has enlitlemenl lo the incomo, il is probable that the Income wll be received and the amount of income receivable can be measured reliably, Income tax recoverable in relation lo investment income is recognised al the time the investment income is receivable. Rental Income is recognised in the period it is receiVale and to the extent the charity has provided the services. el Expendituro re¢ognition Expenditure is recognised once there is a legal or constructive obligation to transfer economic bonefit to a third party, it is probable that a transfer of economic benefits will be requId in selllement and the amount of the obligation can be measured reliably. Expenditure is ¢la5sified by activity. The cosls of ea¢h activity are made up of the total of direct cost5 and shared ¢osls, including SUPFM)rt costs involved in undertakin9 each aclivf(y. Direct costs allribulable lo a single activity are allocated directly to that activity. Page 11
George Fentham Blrrnlngharn Charyty Notes to the financial statements for the year ended 31 December 2025 (continued) 1. Accountlng policlès (continued) el Expenditure recognition {continuedl Support costs are those c051s incurred directly in support of expenditure on the objects of the charty. Govemance costs are those incurred in connection with the administration of the charity and compliance with constitutional and slalutory requirements. 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 ndItIonS attaching are fulfilled. Grants offered subject lo conditions which have r1 been met al the year erKI are noted as a Commitment, bul not accrued as expenditure. All expenditure is incjusive of irrecoverable VAT. Investments Fixed asset investments are a forrn of financial instrument and are initially iecognised al their transaction Cost and 5ub5equently measured al fair value al the balance sheet dale. unless fair value cannot be measured liably in which case it is measured al cost less impairment. Investment gains and105ses. whether realised or unreali5ed, are combined and shown in the heading 'Gainslllos5esl on inveslmenls, in the Statement of Finan¢481 Activities. All Investments are Carried al their fair value. Investments in equities and fixed interest securiiies are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment fund5. unil trusts and open ended investment companies are at the bid price. The basis of fair value for quoted investments is equivalent lo the market value. using the bid price. Asset sales and purchases are ¢ognised al the date of trade al cost Ilhal is their transaction value). gl Investmènt property Investment property is carried al fair value determined annually by the Iruslee5 and derived from the current market rents and inveslmenl property yields for comparable ceal eslale, adjusted if ne¢essary for any difference in the nature, location or condilion of the specific asset. No detxecialion is provided. Changes in fair value are recognised in the Statement of Financial Activities. h) Interest r¢¢eivable Interest on funds held on deposrf( 1$ induded when receivable and the amount can be measured rellaY by the charity. This is normally upon notification of the interest paid or payable by the bank. 11 Dèbtors Trade 8nd other debtors are recognised al the settlement amount after any trade discount Offed. Prepayments are valued at the amount prepaid net of any trade discounts due. J) Cash at bank and In hand Cash al bank and in hand includes cash and short lemi highly Ipquid investments with a short maluiity of the months or less from the date of aequisilion or opening ol the deposit or similar account. Page 12
George Fentham Birmingham Charity Notes to the financial ststements for thè period ended 31 December 2024 (continued) 1. AccountSng pollcles {¢ontlnuedl k) Llabilities and provisions Liabilities are recognised when there is an obligab'on al the balance sheet date as a result of a past event. it is probable that a transfer of economi¢ benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities a re¢ogni5ed al the amount that the Charity 8nlicipales it will pay to $etUe the debt or the amount it has re¢eived as advanced payments for the goods or Services il must provide. Provisions are measured al the best estimate of the arnounts required lo settle the Qbligalion. 11 Financlal Instruments The charity only has financial assets and financial liabilitie5 of a kind that qualify as basic financial instruments Basic financial instruments are initially recognised at transaction value and subsequently measured at their selllemenl value. ml Fund accounting General funds are unrestricted funds which are available for use al the discretion of the trustees in fijrtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted lunds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the nc*les to the financial statements. n) Critical accounting 8stimatés and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other faclors, including expectations of future events that are believed to be reasonable under the ¢1r¢umslance5. Critical eslimales and assumptions .' The charity makes estimates and assumptions conceming the future. The resulting accounting eslimale5 and assumptions wll, by definition. seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts ol assets and liabilities within the next financial year are discussed below. Critical areas of judgement .' ValLtalkJn of the investrnenl property in a¢¢ordance with its policy. Page 13
George Fentham Blrmlngham Charity Notes to Ihe financial statements for the year ended 31 December 2025 (contlnuedl 2. Analysls of grants Grants to Instltution¥ Grants to individuals Total 2025 Total 2024 Grants 156,939 6.150 163.089 111,915 A detailed breakdown of grants distributed during the perd can be found at Appendix 1. 3. Supportcosts Grant making Govemaneè function Totsl 2025 Total 2024 Sè¢retary's fee IT costs Sundry expenses Auditors fees Independent examlnation fee Legal and professional fees 21,000 692 4,509 21.000 692 4.509 5.520 25,732 510 1,142 5,520 3,540 20.752 51,676 32.649 38,169 32,649 64,370 26,201 4. Audltors. ramuneratlon Total 2025 Total 2024 Auditors fees Independent examinats'on feg 5.520 3.540 S. Trust••s r¢muntration During the current or prior year, no Iwslees received remuneration, benefits in kind or rtrimbur3emenls for expenses. 6. Invostm8nt prortY Freehold Inv•stmgnt property At 1 January Revaluats'on Al 31 December 2025 25,000 900,000 925,000 The charity completed the sale of its investsnent propety known as Baleman'8 Garage post year end on 2 April 2026 for proceeds of £925.000. As this transaction relates lo Conditions existing at the reporting dale, the financial stslements have been adjusted lo reflect an increase in fair value of £900.000. Page 14
George Fentham Blrmlngham Charlty Notes to the financial statements for the year ended 31 DeGember 2025 Icontinuedl 7. Flxed a$$et Investments Totsl 2025 Total 2024 Market valuo Al 1 January Transfer in on conversion Addits"ons Disposals Revaluations Al 31 December 7,911.231 7,480.107 481,420 1270.222) 219,926 7,911,231 816,542 {808,4681 794,472 8.713,777 8. Debtors Total 2025 Total 2024 Other debtor5 35,414 35.414 28,940 28.940 9. Creditors: amount5 falling due within one year Total 2025 Total 2024 Creditors from operations Accruals and deferred ineome 6,783 5,520 12,303 7.621 3.541 11,162 10. Analysls of funds Balance at l January 2025 Galns, Balance at lossès and 31 December translers 2025 Incomlng rèsources Resources èxpended Unrestrlctèd funds Undistrsbuled income fund 398,206 269,589 1237,3751 430,420 Endowment funds Principal fund 8,017.469 129.7471 1.754,957 9,742,679 Totsl funds 8,415,675 269.589 267.122 1,754,957 10.173,099 Name offund D*s¢ription, nature and purpos• of fund The prinapal fund forms the charitys endowment and is not availablè for distribution. The income of the fund is Ltsed for the objects of the charity. Funds whi¢h are available for use al the discretion of the trustees In rtheran of the general objectives ofthe charily and which have not been designated for other purposes. Principal fund Undislributed Incorne fund Page 15
George Fentham Blrmlngham Charity Notes to the financial ststements for the year ended 31 December 2025 {contlnuedl 10. Analysis of funds {continued) Comparative Informatlon in respect of the pr*¢oding period Is as follows . Balance at l January 2024 Gain5, Balance at losses and 310ecember transfers 2024 Incoming resour¢&$ Resources expended Unrestricted funds Undistributed income fvnd 250,820 1771,4141 318.800 398,206 Endowment funds Principal fund 123,4681 8,040.937 8.017,469 Total funds 250,820 1194,8821 8,359,737 8,415,675 11. Analysis of net assets between funds Fund balanees at 31 December 2025 are represented by.. Unrestricted Restricted Endowmant funds funds funds Total fund$ Fixed asset investments Investment property Current assets Current liabilities Total net assets 8.713.777 925,000 103,902 8,713,777 925,000 546,625 12,303) 10,173,099 442,723 12,3031 430,420 9.742.679 Comparative infomiation in respe¢t of the precedin9 pÈriod is as follows Unrostrl¢ted Restrlcted Endowment funds funds fvnds Total funds Fixed asset investments Investment property Current a$sels CLtrrent liabilities Total net ass8t$ 7.911,231 25,000 81.238 7,911,231 25,000 490.606 {11.162 8,415,675 409,368 111.162 398,206 8.017,469 12. Transfèr of operations On 1 February 2024, all operations, assets, and liabilities of the unincorporated enb.ty were transferred lo the Charitable Incorporated Organisalion ICIOI, whith now carries out the activities ol the charity. No such transfer$ occurred in the current year. Total 2025 Total 2024 Net assets transferred In 7.943,315 Page 16
George Fentham Birmingham Charity Notes to the flnancial statements for the year ended 31 Decernber 2025 (continued) 13. Related party transactions The followlng related paty transactions took place during the period '. Veale Wasbrough Vizards LLP Mrs Jaime Hobday Isècretaryl is a partner of Veale Wasbrough Vizards LLP 2025 2024 Secretarial and legal services recharged by related party during the period 35.950 25.732 Birn7ingham Sèttl¢ment Mr Martin Holcombe {trust&èl is an employee of Birmingham Settlement 2025 2024 Institutional grants paid lo related paty during the pèriod 25,500 10,000 Page 17
Georye Fentham 81rmlngham Charity Appendix 1- Grants dlstrlbuted In year ended 31 December 2025 Acacia Family Support Acoms Children's Hospictr Trust Arts Therae$ UK Better Pathways Beyond The Horizon Big 8rum Theatre In Education Company Limited Bimiingham City Mission Birmingham Contemporary Music Group Birmingham Disability Resource Centre Birmin9ham Hospice- The H05pi¢e Charity Partnership Birmingham PHAB Camps Birmingham Sarnaritans Bimingham Selllemenl British Disabled Angling Association British Wireless For The Blind Fund Cannon Street Mernorial Baptist Churth Ch8plew One IUKI Ltd Deafblind UK ER Mason Youth Cenlre Faceshare Kqidlands Foodcycle Happy Days Children's Charity InterAct Stroke Sijpport Martineau Gardens Muscular Dystrophy Support Centre Narthex Sparkhill Norton Hall Children and Family Centre Over The Wall Camp Soundabout Special Olympics City Of Bimingham Sport 4 Lrfe UK Square Peg Act&vilie3 Limited St Anne's Hostel The Britt8nia Youth Organisalion The OHMI Trust The Refugee And Migrant Centre Tolal £3.000 £3,000 £3,000 £3,OCX) £1,185 £3,000 £9,000 £3,000 £2.500 £5,000 £7,000 £2,000 £25,5 £2,000 £1.875 £4,774 £3.000 £1,000 £3.000 £5,000 £5,000 £S,OC4) £2,0(KJ £2,000 £2,000 £5,CX)O £2,tx)o £5.IKJD £2.974 £1,000 £5,000 £2,0(X) £5,(M)O £7,(M)O £4,rx)o £5.(X)O £150.808 Distributions of small grants to Individuals by organlsations actlng as agents of the charity Birmingham Settlement £6,131 Grants to individuals attending Higher Education institutions £6,150 Total Distrlbutlons £163,089 Page 18