2024-09-30-accounts

Docusign Envelope ID: F46B71B5-FBC2-45FE-B594-E425B32B5405

The Valuable 500 Foundation

Charity Number: 1204890

Financial Year End: 30 September 2024

Legal Form: Charitable Company

Registered Address: 7 Bell Yard, London, WC2A 2JR

Docusign Envelope ID: F46B71B5-FBC2-45FE-B594-E425B32B5405

Table of Contents

1. Reference and Administrative Details

2. Structure, Governance and Management

3. Objectives and Activities for the Public Benefit

4. Achievements and Performance

5. Financial Review

6. Plans for Future Periods

7. Principal Risks and Uncertainties

8. Trustees’ Responsibility Statement

9. Signature and Approval

Docusign Envelope ID: F46B71B5-FBC2-45FE-B594-E425B32B5405

1. Reference and Administrative Details

• Charity Name: The Valuable 500 Foundation

• Charity Number: 1204890

• Legal Form: Charitable company

• Principal Address: 7 Bell Yard, London, WC2A 2JR

• Independent Examiner: Mr Philip Hendry ACA

• Bankers: Hampden Bank

Trustees (serving during the year):

• Jeff Dodds – Chair (Appointed 25/09/2023)

• Katherine Davis – Trustee and CEO (Appointed 08/05/2025)

• Ichiro Kabasawa – Trustee (Appointed 13/03/2024)

• Luis Gallegos – Trustee (Appointed 13/03/2024)

• Lucinda Watson – Trustee (Appointed 25/09/2023)

• Samantha Phillips – Trustee (Appointed 08/03/2022)

2. Structure, Governance and Management

The charity is governed by a board of trustees. Trustees are appointed through a selective process designed to identify individuals with relevant skills, experience, and a commitment to the charity’s aims. Candidates are typically identified through networks and mutual contacts, ensuring alignment with the organisation’s mission.

The charity does not operate sub-committees and decision-making rests with the full board of trustees.

3. Objectives and Activities for the Public Benefit

Valuable 500 is a global collective of over 500 companies committed to ending disability exclusion. The charity focuses on synchronised collective action to break down systemic barriers in three areas:

• Leadership – Promoting disability inclusion at the highest levels.

Docusign Envelope ID: F46B71B5-FBC2-45FE-B594-E425B32B5405

• Reporting – Closing the disability data gap to drive accountability.

• Representation – Ensuring authentic representation and participation of disabled people.

The trustees confirm they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Key initiatives delivered this year include:

• Nothing Without Us Awards

• Authentic Representation Tool (ART)

• Reporting Accelerator Series

• Global Leadership Whitepaper

• Generation Valuable mentoring programme

4. Achievements and Performance

This year, the charity continued its mission to create systemic change for the 1 in 5 people globally living with a disability. It successfully launched tools and initiatives supporting corporate accountability and inclusive leadership.

5. Financial Review

• Total income: £1,537,829

• Total expenditure: £1,537,829

(Income recognised under FRS 102 in line with related costs)

Income sources:

• Iconic sponsorship: £720,513

• Other revenue: £75,218

• Brought forward funds: £742,098

Reserves:

Docusign Envelope ID: F46B71B5-FBC2-45FE-B594-E425B32B5405

• Reserves policy target: £500,000

• Actual reserves at year-end: £1,435,685

• Investment policy: Not applicable

• Debts/restricted funds: None reported

• Going concern: Trustees are confident in the charity’s ability to operate for the next 12 months

6. Plans for Future Periods

The organisation’s primary focus for the coming year is delivering SYNC25, the world’s first Accountability Summit on disability inclusion. Other goals include:

• Hosting the first Nothing Without Us Awards

• Expanding adoption of the ART tool

• Continuing the Accelerator Series

• Launching the Valuable 500 Africa Summit

These initiatives will continue to drive business accountability and expand global impact.

7. Principal Risks and Uncertainties

Key risks managed by the trustees include:

1. Financial Sustainability – Ensuring sufficient reserves to support operations.

2. Sponsor Dependency – Reducing reliance on a limited number of income sources through diversification.

3. Trustee Capacity – Mitigating the impact of turnover in a volunteer-led structure through succession planning.

8. Trustees’ Responsibility Statement

The trustees are responsible for ensuring proper accounting records are kept, preparing financial statements in accordance with applicable law and regulations, and safeguarding the charity’s assets. They confirm that the financial statements give a true and fair view of the state of the charity’s affairs and comply with the Companies Act 2006 and Charities SORP (FRS 102).

Docusign Envelope ID: F46B71B5-FBC2-45FE-B594-E425B32B5405

9. Signature and Approval

This report was approved by the CEO on 30/07/2025 and signed on its behalf by:

Katherine Davis – trustee and CEO

Registered
number:
13648617

THE
VALUABLE
500
FOUNDATION DIRECTORS'
REPORT
AND UNAUDITED
FINANCIAL
STATEMENTS FOR
THE
YEAR
ENDED
30
SEPTEMBER
2024

Tax
Compute
Limited 107
Promenade Cheltenham Gloucestershire GL50
1NW

The
Valuable
500
Foundation Contents

	Page
CompanyInformation	1
Directors'Report	2
Accountant'sReport	3
IncomeandExpenditureAccount	4
BalanceSheet	5
NotestotheFinancialStatements	6
Thefollowingpagesdonotformpartofthestatutoryaccounts:
DetailedIncomeandExpenditureAccount	7

The
Valuable
500
Foundation Company
Information For
The
Year
Ended
30
September
2024

Directors	MrJeffDodds
	MsSamanthaPhillips
	MsLucindaWatson
	MrsKatherineDavis
	MrIchiroKabasawa
	MrLuisGallegos
CompanyNumber	13648617
RegisteredOffice	7BellYard
	London
	WC2A2JR
Accountants	TaxComputeLimited
	107Promenade
	Cheltenham
	Gloucestershire
	GL501NW

Page
1

The
Valuable
500
Foundation Company
No.
13648617 Directors'
Report
For
The
Year
Ended
30
September
2024

The
directors
present
their
report
and
the
financial
statements
for
the
year
ended
30
September
2024.

Directors

The
directors
who
held
office
during
the
year
were
as
follows:

Dr
Caroline
Casey Resigned 01/04/2025 Mr
Jeff
Dodds Ms
Samantha
Phillips Ms
Lucinda
Watson Mrs
Katherine
Davis Appointed 09/07/2024 Mr
Ichiro
Kabasawa Appointed 08/05/2025 Mr
Luis
Gallegos Appointed 08/05/2025

Statement
of
Directors'
Responsibilities

The
directors
are
responsible
for
preparing
the
Directors'
Report
and
the
financial
statements
in
accordance
with
applicable law
and
regulations.

Company
law
requires
the
directors
to
prepare
financial
statements
for
each
financial
year.
Under
that
law
the
directors
have elected
to
prepare
the
financial
statements
in
accordance
with
United
Kingdom
Generally
Accepted
Accounting
Practice (United
Kingdom
Accounting
Standards
and
applicable
law).
Under
company
law
the
directors
must
not
approve
the
financial statements
unless
they
are
satisfied
that
they
give
a
true
and
fair
view
of
the
state
of
affairs
of
the
company
and
of
the surplus
or
deficit
of
the
company
for
that
period.
In
preparing
the
financial
statements
the
directors
are
required
to:

• select
suitable
accounting
policies
and
then
apply
them
consistently;

• make
judgments
and
accounting
estimates
that
are
reasonable
and
prudent;

• prepare
the
financial
statements
on
the
going
concern
basis
unless
it
is
inappropriate
to
presume
that
the
company will
continue
in
business.

The
directors
are
responsible
for
keeping
adequate
accounting
records
that
are
sufficient
to
show
and
explain
the
company's transactions
and
disclose
with
reasonable
accuracy
at
any
time
the
financial
position
of
the
company
and
enable
them
to ensure
that
the
financial
statements
comply
with
the
Companies
Act
2006.
They
are
also
responsible
for
safeguarding
the assets
of
the
company
and
hence
for
taking
reasonable
steps
for
the
prevention
and
detection
of
fraud
and
other irregularities.

The
directors
are
responsible
for
the
maintenance
and
integrity
of
the
corporate
and
financial
information
included
on
the company's
website.
Legislation
in
the
United
Kingdom
governing
the
preparation
and
dissemination
of
financial
statements may
differ
from
legislation
in
other
jurisdictions.

Small
Company
Rules

This
report
has
been
prepared
in
accordance
with
the
special
provisions
relating
to
companies
subject
to
the
small
companies regime
within
Part
15
of
the
Companies
Act
2006.

On
behalf
of
the
board

Mrs
Katherine
Davis Director 25/06/2025

Page
2

The
Valuable
500
Foundation Accountant's
Report For
The
Year
Ended
30
September
2024

In
accordance
with
the
engagement
letter
dated
20/06/2023,
and
in
order
to
assist
you
to
fulfil
your
duties
under
the Companies
Act
2006,
we
have
compiled
the
financial
statements
of
the
company
from
the
accounting
records
and
information and
explanations
you
have
given
to
us.

This
report
is
made
to
the
directors
in
accordance
with
the
terms
of
our
engagement.
Our
work
has
been
undertaken
to prepare
for
approval
by
the
directors
the
financial
statements
that
we
have
been
engaged
to
compile,
to
report
to
the directors
that
we
have
done
so,
and
to
state
those
matters
that
we
have
agreed
to
state
to
them
in
this
report
and
for
no other
purpose.
To
the
fullest
extent
permitted
by
law,
we
do
not
accept
or
assume
responsibility
to
anyone
other
than
the Company
and
the
Company's
directors
for
our
work
or
for
this
report.

You
have
acknowledged
on
the
balance
sheet
as
at
year
ended
30
September
2024
your
duty
to
ensure
that
the
company has
kept
proper
accounting
records
and
to
prepare
financial
statements
that
give
a
true
and
fair
view
under
the
Companies Act
2006.
You
consider
that
the
company
is
exempt
from
the
statutory
requirement
for
an
audit
for
the
year.

We
have
not
been
instructed
to
carry
out
an
audit
of
the
financial
statements.
For
this
reason,
we
have
not
verified
the accuracy
or
completeness
of
the
accounting
records
or
information
and
explanations
you
have
given
to
us
and
we
do
not, therefore,
express
any
opinion
on
the
financial
statements.

26/06/2025

Tax
Compute
Limited 107
Promenade Cheltenham Gloucestershire GL50
1NW

Page
3

The
Valuable
500
Foundation Income
and
Expenditure
Account For
The
Year
Ended
30
September
2024

Notes TURNOVER GROSSSURPLUS Administrativeexpenses OPERATINGSURPLUSANDSURPLUSFORTHE FINANCIALYEAR	2024 £ 1,537,829 1,537,829 (1,537,829) ­	2023 £ 301,873
		301,873 (301,873)
		­

The
notes
on
page
6
form
part
of
these
financial
statements.

Page
4

The
Valuable
500
Foundation Balance
Sheet As
At
30
September
2024

Notes CURRENTASSETS Debtors 4 Cashatbankandinhand Creditors:AmountsFallingDueWithin OneYear 5 NETASSETS	2024 £ £ 1,342,304 158,034 1,500,338 (1,500,338) ­	2023 £ £ 1,365,078 1,569,436 2,934,514 (2,934,514) ­

For
the
year
ending
30
September
2024
the
company
was
entitled
to
exemption
from
audit
under
section
477
of
the Companies
Act
2006
relating
to
small
companies.

The
members
have
not
required
the
company
to
obtain
an
audit
in
accordance
with
section
476
of
the
Companies
Act
2006.

The
directors
acknowledge
their
responsibilities
for
complying
with
the
requirements
of
the
Act
with
respect
to
accounting records
and
the
preparation
of
accounts.

These
accounts
have
been
prepared
in
accordance
with
the
provisions
applicable
to
companies
subject
to
the
small
companies regime.

On
behalf
of
the
board

Mrs
Katherine
Davis

Director 26/06/2025

The
notes
on
page
6
form
part
of
these
financial
statements.

Page
5

The
Valuable
500
Foundation Notes
to
the
Financial
Statements For
The
Year
Ended
30
September
2024

1. General
Information

The
Valuable
500
Foundation
is
a
private
company,
limited
by
guarantee,
incorporated
in
England
&
Wales,
registered
number 13648617.
The
registered
office
is
7
Bell
Yard,
London,
WC2A
2JR.

2. Accounting
Policies

2.1. Basis
of
Preparation
of
Financial
Statements

The
financial
statements
have
been
prepared
under
the
historical
cost
convention
and
in
accordance
with
Financial Reporting
Standard
102
section
1A
Small
Entities
"The
Financial
Reporting
Standard
applicable
in
the
UK
and
Republic of
Ireland"
and
the
Companies
Act
2006.

2.2. Turnover

Grant
Income

Grant
income
is
recognised
under
FRS
102
on
a
systematic
basis
over
the
periods
in
which
the
entity
recognises
the related
costs.

3. Average
Number
of
Employees

Average
number
of
employees,
including
directors,
during
the
year
was:
12
(2023:
NIL)

1. Debtors

Duewithinoneyear Tradedebtors Dueaftermorethanoneyear Otherdebtors . Creditors:AmountsFallingDueWithinOneYear Tradecreditors Othertaxesandsocialsecurity Pensionscostspayable Accrualsanddeferredincome	2024 £ 28,000 1,314,304 1,342,304 2024 £ 45,887 12,229 6,537 1,435,685 1,500,338	2023 £ ­ 1,365,078
		1,365,078
		2023 £ ­ ­ ­ 2,934,514
		2,934,514

5. Creditors:
Amounts
Falling
Due
Within
One
Year

6. Reserves

7. Company
limited
by
guarantee

The
company
is
limited
by
guarantee
and
has
no
share
capital.

Every
member
of
the
company
undertakes
to
contribute
to
the
assets
of
the
company,
in
the
event
of
a
winding
up,
such
an amount
as
may
be
required
not
exceeding
£1.

Page
6

The
Valuable
500
Foundation Detailed
Income
and
Expenditure
Account For
The
Year
Ended
30
September
2024

TURNOVER Speakingfees&Sponsorship Grantsandsubsidiesreceived GROSSSURPLUS AdministrativeExpenses Wagesandsalaries EmployersNI Employerspensions­definedcontributionsscheme HRCosts Staffcosts Travelexpenses Rent ITcosts Telecommunications Accountancyfees Legalfees Consultancyfees ForeignXcosts Bankcharges Entertaining Sundryexpenses OPERATINGSURPLUSANDSURPLUSFORTHE FINANCIALYEAR	2024 £ £ 39,000 1,498,829 1,537,829 1,537,829 705,761 60,888 27,532 39,208 2,766 33,944 1,461 35,650 3,752 36,451 368 572,341 7,934 2,491 4,365 2,917 (1,537,829) ­	2024 £ £ 39,000 1,498,829 1,537,829 1,537,829 705,761 60,888 27,532 39,208 2,766 33,944 1,461 35,650 3,752 36,451 368 572,341 7,934 2,491 4,365 2,917 (1,537,829) ­	2023 £ £ ­ 301,873 301,873 301,873 301,773 ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ 100 ­ ­ (301,873) ­	2023 £ £ ­ 301,873 301,873 301,873 301,773 ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ 100 ­ ­ (301,873) ­
		1,537,829 1,537,829 (1,537,829)		301,873 301,873 (301,873)
		­		­

Page
7

Independent Examiner’s Report to the Trustees of The Valuable 500 Foundation

Charity Number: 1204890

Year Ended: 30 September 2024

Responsibilities and Basis of Report

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I have been appointed as an independent examiner under section 145 of the Act and report in accordance with the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

My examination was carried out in accordance with the Charity Commission’s Directions. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the accountants concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view. The report is limited to the matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that, in any material respect, the requirements:

2. to keep accounting records in accordance with section 130 of the Charities Act 2011; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011

have not been met; or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Philip Hendry ACA Independent Examiner 07541 235515 Date: 30 July 2025