CHARITY REGISTRATION NUMBER: 1206405
BEEBY FAMILY FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025
David Allen
Chartered Accountants Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY
BEEBY FAMILY FOUNDATION
CONTENTS
| Reference and administrative details | 1 |
|---|---|
| Trustees' report | 2 to 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 to 15 |
BEEBY FAMILY FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees Mr D G Beeby Mr G E Beeby Ms S M Redshaw (appointed 1 December 2025) Mrs H E Farrer Charity Registration Number 1206405 Principal Office Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY Independent Examiner Alison Welton BSc FCA David Allen Chartered Accountants Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY Bankers Barclays Bank plc 9 Highgate Kendal LA9 4DA
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BEEBY FAMILY FOUNDATION
TRUSTEES' REPORT
The trustees present the annual report together with the financial statements of the charity for the period ended 5 April 2025.
OBJECTIVES AND ACTIVITIES
The trustees have referred to the Charity Commission's guidance on public benefit when deciding upon the charity's objects. The charity has been established for public benefit and the trustees apply the income of the charity for the following.
The trustees hold funds upon trust to apply the income and all or such parts of the capital, at such time or times and in such a manner to, or for the benefit of such charities or such exclusively charitable purposes according to the laws of England and Wales in any part of the world as the trustees may in their discretion think fit.
The main objective over time is to build funds held within the charity, so that the trustees can support charitable activities that meet the objectives set. Currently the trustees are focusing on providing grants within the area of Cumbria.
The main objective of the charity is to apply its income in furtherance of its objects, this is achieved by making grants to individuals and organisations.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Decisions are based on consideration of the objects and aims of the charity.
The charity has not engaged any volunteers in the reporting period.
ACHIEVEMENTS AND PERFORMANCE
This annual report is the first since the charity was established. During this period the trustees have been establishing the initial funding and investments and have issued their first grant, as disclosed in Note 6.
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BEEBY FAMILY FOUNDATION
TRUSTEES' REPORT (CONTINUED)
FINANCIAL REVIEW
During the reporting period, the charity received donations of cash and investments from Mr D G Beeby, in addition gift aid was also claimed on the cash amount received.
During the period the charity made donations totalling £50,000 to causes in line with the charity's objects.
Income from investments amounted to £2,413 for the period. Total investment income, including bank and other interest was £2,664. Investment management fees amounted to £320 for the period.
Overall, the total income amounted to £285,050 and expenditure amounted to £50,320. Losses on the revaluation and disposal of investment assets amounted to £4,614. This resulted in net movement in funds of £230,116 for the period.
At the period end the charity held unrestricted funds amounting to £230,116.
As the charity carries out no direct charitable activities and does not generally make commitments from year to year to future giving, in addition to having no operating costs, there is no need to retain reserves for this purpose. The trustees intention currently is to look to build funds within the charity whilst making some grants/donations.
The trustees have appointed Barclays to be the investment adviser to the charity and to manage the bank accounts. Investment funds are held in charity accumulation funds with an objective to achieve growth.
The trustees regularly review the investment performance and liaise with Barclays.
PLANS FOR FUTURE PERIODS
During the following year the trustees intend to maintain the aims and specific objectives of the charity. The trustees are continuing to build funds held, whilst continuing to make grants with a primary focus on Cumbria.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Beeby Family Foundation is an unincorporated charitable trust, constituted by a trust deed dated 9 October 2023 and registered as a charity on 5 January 2024.
Over the course of the reporting period there have been no new trustees appointed to the charity. However, a new trustee has been appointed after the period end.
The charity must have a minimum of three trustees. New trustees are appointed by a resolution of the current trustees, passed at a special meeting.
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BEEBY FAMILY FOUNDATION
TRUSTEES' REPORT (CONTINUED)
None of the trustees are remunerated for their time or contributions.
The main risk to the ability of the charity to meet its objectives and provide grants is dependent upon the investment performance. This risk is managed by the charity appointing Barclays investment advisers to manage the investments.
The trustees consider other risks to which the charity is exposed and take such preventative action as they believe to be appropriate.
FINANCIAL INSTRUMENTS
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
The charity’s activities expose it primarily to the financial risks of changes in interest rates. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
The charity’s principal financial assets are bank balances and cash, and investments. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
In order to maintain liquidity the trustees ensure that sufficient funds are available for ongoing operations and anticipated grant levels.
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BEEBY FAMILY FOUNDATION
TRUSTEES' REPORT (CONTINUED)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 27 January 2026 and signed on its behalf by:
......................................... Mr D G Beeby Chairman and trustee
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BEEBY FAMILY FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEEBY FAMILY FOUNDATION
I report to the charity trustees on my examination of the accounts of Beeby Family Foundation (the charity) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of Beeby Family Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Beeby Family Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since Beeby Family Foundation's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Beeby Family Foundation as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... ALISON WELTON BSc FCA Independent Examiner
Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY
27 January 2026
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BEEBY FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025
| Total | ||||
|---|---|---|---|---|
| Unrestricted | 5 April 2025 | |||
| Note | £ | £ | ||
| Income from: | ||||
| Donations and legacies | 2 | 282,386 | 282,386 | |
| Investment income | 3 | 2,664 | 2,664 | |
| Total income | 285,050 | 285,050 | ||
| Expenditure on: | ||||
| Raising funds | 4 | (320) | (320) | |
| Charitable activities | 5 | (50,000) | (50,000) | |
| Total expenditure | (50,320) | (50,320) | ||
| Net income | 234,730 | 234,730 | ||
| Other recognised gains and losses | ||||
| Losses on investment assets | 10 | (4,614) | (4,614) | |
| Net movement in funds | 230,116 | 230,116 | ||
| Reconciliation of funds | ||||
| Total funds carried forward | 12 | 230,116 | 230,116 |
All of the charity's activities derive from continuing operations during the above period. The funds breakdown is shown in note 12.
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BEEBY FAMILY FOUNDATION
BALANCE SHEET AS AT 5 APRIL 2025
| 2025 | 2025 | ||
|---|---|---|---|
| Note | £ | ||
| Fixed assets | |||
| Investments | 10 | 145,678 | |
| Current assets | |||
| Debtors | 11 | 12,248 | |
| Cash at bank and in hand | 72,190 | ||
| 84,438 | |||
| Net assets | 230,116 | ||
| Funds of the charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 230,116 | ||
| Total funds | 12 | 230,116 |
The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 27 January 2026 and signed on their behalf by:
......................................... Mr D G Beeby Chairman and trustee
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025
1 ACCOUNTING POLICIES
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Beeby Family Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Investment income is accounted for in the period in which the charity is entitled to receipt.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025 (CONTINUED)
1 ACCOUNTING POLICIES (continued)
These are costs incurred in raising funds, including the management of investments.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received, to the extent that such income or gains are applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investments are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Financial instruments
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025 (CONTINUED)
1 ACCOUNTING POLICIES (continued)
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025 (CONTINUED)
2 INCOME FROM DONATIONS AND LEGACIES
| 2 INCOME FROM DONATIONS AND LEGACIES | |
|---|---|
| Total | |
| 2025 | |
| £ | |
| Donations and legacies; | |
| Donations from individuals | 270,386 |
| Gift aid reclaimed | 12,000 |
| 282,386 |
3 INVESTMENT INCOME
| Total | |
|---|---|
| 2025 | |
| £ | |
| Interest receivable and similar income; | |
| Interest receivable on bank deposits | 3 |
| Income from listed investments | 2,413 |
| Income from other interest | 248 |
| 2,664 |
4 EXPENDITURE ON RAISING FUNDS
a) Investment management costs
Total 2025 £ Other investment management costs; Amounts payable to investment managers 320 320
5 EXPENDITURE ON CHARITABLE ACTIVITIES
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | Total | ||||||
| General | 2025 | ||||||
| Note | £ | £ | |||||
| Grant | funding | of | activities | 6 | 50,000 | 50,000 |
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025 (CONTINUED)
5 EXPENDITURE ON CHARITABLE ACTIVITIES (continued)
Donations and grants made
----- Start of picture text -----
Activity
undertaken Total
directly expenditure
£ £
50,000 50,000
----- End of picture text -----
6 GRANT-MAKING
Analysis of grants
Grants to institutions 2025 £
Analysis
Grants
50,000
The support costs associated with grant-making are Nil.
Below are details of material grants made to institutions.
Name of institution
Cumbria Community Foundation
2025 £ £ - 50,000
7 TRUSTEES REMUNERATION AND EXPENSES
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 STAFF COSTS
The average head count of employees during the year was Nil.
No employee received emoluments of more than £60,000 during the period
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025 (CONTINUED)
9 TAXATION
The charity is a registered charity and is therefore exempt from taxation.
10FIXED ASSET INVESTMENTS
Other investments
2025 £ 145,678
Other investments
| Other investments | |||
|---|---|---|---|
| Listed | |||
| investments | Total | ||
| £ | £ | ||
| Cost or Valuation | |||
| Revaluation | (1,240) | (1,240) | |
| Additions | 369,509 | 369,509 | |
| Disposals | (222,591) | (222,591) | |
| At 5 April 2025 | 145,678 | 145,678 | |
| Net book value | |||
| At 5 April 2025 | 145,678 | 145,678 |
Valuations were prepared on the basis of mid-market prices from the appropriate stock exchange, the bid price or the last traded price.
The total unrealised losses for the period are £1,240 and the total realised losses are £3,374, resulting in a net loss on investments of £4,614.
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BEEBY FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FROM 9 OCTOBER 2023 TO 5 APRIL 2025 (CONTINUED)
11DEBTORS
----- Start of picture text -----
2025
£
Accrued income 12,248
12FUNDS
Other
recognised Balance at 5
Income Expenditure gains/(losses) April 2025
£ £ £ £
Unrestricted funds
General 285,050 (50,320) (4,614) 230,116
----- End of picture text -----
13ANALYSIS OF NET ASSETS BETWEEN FUNDS
| 13ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||
|---|---|---|---|
| Unrestricted | Total funds | ||
| funds | at 5 April | ||
| General | 2025 | ||
| £ | £ | ||
| Fixed asset investments | 145,678 | 145,678 | |
| Current assets | 84,438 | 84,438 | |
| Total net assets | 230,116 | 230,116 |
14RELATED PARTY TRANSACTIONS
During the period the charity made the following related party transactions:
Cumbria Community Foundation
During the period the charity paid a grant of £50,000 to Cumbria Community Foundation, a charity of which Mr D G Beeby was a Trustee.
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