Charfty number: 1207564
THE BATES FOUNDATION
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
RPG Crouch Chapman LLP
Chartered Accountants
40 Gracechurch Street
London
EC3V OBT

THE 8ATES FOUNDATION
CONTENTS
Page
Reference and Administrauve Detalls of the Charity, Ils Trustees and Advlsers
Trust8es' Report
Independenl Examlnerfs Report
Ststement of Financial Activitles
Balance Sheet
10
Notes to the Financial Statéments

THE BATES FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 31 MARCH 2025
Trustees
Frederick Pullen
Sebastian Naunton Bates, Chair
Paul Stratton
Timothy Fare-matthews
Charity registered number
1207564
Principal office
Poplar Cottage,, Burton Green,, Halsted, Essex, C09 1RH
Accountants
RPG Crouch Chapman LLP, 5th Floor, 14-16 Dowgate Hill, London. EC4R 2SU
Independent Examiner
Jeremy Tyrrell, RPGCC, 40 Grac8church Str8el, London, EC3V OBT
Page 1

THE BATES FOUNDATION
TRUSTEES. REPORT Icontlnued)
FOR THE PERIOD ENDED 31 MARCH 2025
through its martial arts-based education and mentorlng programmes delivered across multiple
International locatlons. Kenya, Nepal, Uganda. Brazil.
The charity's programmes provided regular, struclured acllvities that promoted disclpllne, physical
health, confidence, and positlV8 social behaviour. Delivery was maintsined throughout the year
desplte Ghallenging operating envlronments In some regions, reflecting the commitment of local
instructors and p8rtner organisations.
Key achievements durlng the period included..
Continued d81ivery of weekly and. in many locatlons, multiple weekly iraining session
throughout the year.
Sustained engagement with schools, rescue centres, orphanages. and community projects
serving children exp8riencing poverty, instability, or social exclusion.
Strengthening of partnerships with local organisations to ensure programmès remained
accessible, safe, and consistent.
Identification of operational cha118ng8s inciuding limitations of UK banking account lo make
international payments, local protests in Kenya halted cla55es temporarily, instructor shortages
which led some siles to dose due to no local replacement and there were some transparency
issues as some location heads over-reported positives. To overcome these challenges in
Kenya in JanlFeb 2025 an on-the-ground team member in Kenya was brought on board
Ifreelancel to provide real-tirne insight, logisliGs 5UPPOrt, and issue prevention which led to new
initiatives {food programme & sanitsry products) and created local employrnent.
These achièvements directly supported the ¢harity's objective of improving confidence, discipline,
and life ski115 among children living in disadvantaged circumstances. The Truste8s consider that the
charity's activities during the year made a positiv8 contribution to the wellb81ng, confidence, and
personal development of participating children.
Fundraising actlvitiesllncome g8neration
During the year ended 31 March 2025, The Bates Foundation raised funds through a small number
of relalionship-led and event-based fundraising activities. These included annual patron donations,
funclraising auctions linked to organised ski trips where individuals bid for servicés or donated
products with proceeds gifted to the charity, and corporate donations arising from partnerships with
entrepreneurial and business groups who organised events independently and made donations to
the charity. The charlty also remains open to other ad-hoc fundraising ideas aligned wth its
charitabl8 objectives, subject to trustee oversight and approval.
The charity did not use professional fundraisers or commercial participators during the reporting
period. All fundraising activities were carried out directly by the charity's trustees, voluntoers,
supporters, or third-party groups acting independently and making voluntary donations to the charily.
Th8 charity has not fomially subscribed to a specific fundraising standards body or scheme for
fundraising regulation during the period. However, trustees ensured that all fundraising activities were
conduct8d in line wth recognised good practice, including transparency, honesty, and respect for
donors and the public.
As no fomal fundraising standards or regulatory schemes were subscribed to by the charity ¢X by
persons acting on its behalf, Ihere were no failures lo comply with such standards during the year.
Where fundraising adivrties were carried out by third parties (for example, event organisers or groups
arranging fundraising initiatives), the trustees maintained oversight through informal monitoring,
Page 3

THE BATES FOUNDATION
TRUSTEES. REPORT l¢ontinued)
FOR THE PERIOD ENDED 31 MARCH 2025
including prior agreement on the nature of the activity. confirmation that participation was voluntary,
and review of funds received. The trustees ensured that the charty's name and purpose we
repres8nted accurately and appropriately in all cases.
The charity received no complaints durlng the year relating to fundraising activities, either directly or
via any person acting on its behalf.
The trustees recognise the irnportance of protecting vulnerable people and members of the publlc
from inappropriate fundraislng practices. Fundraising activities were designed to be proportionate,
respectful, and non-intrusive. The charity does not engage in door-to-door fundraising, cold calling, or
high-pressure sollcilatlon. Participation in fundraising activities and donations was entirely voluntary,
wrth no unreasonable intrusion on privacy, no perslstent requests, and no undue pressure placed on
individuals lo donate.
Financial review
The Trust8es have reviewed the charfty's financial performance and position for the period ended 31
March 2025, as set out in the accompanying financial statements.
Income received during the reportlng period was applied primarily towards programme delivery costs,
instructor and partner support, and essential operational and administrative costs associated with
managing international activities.
At the end of the reporting period, the charity h81d reserves which the Trustees consider appropriate
for 8 charity at this stage of development. The charity does not Cu￿entlY operate a formal rèserves
policy., however, the Trustees regularly review the level of reserves held to ensure sufficient financial
resilience while enabling resources lo be directed towards charitable activiti85,
The Trustees consider the charity to have been a going concern at the end of the reporting period
and ar8 not aware of any material uncertainties that would affect its ability to continue operating.
Structure, governanc8 and management
Constitution
The Charity was incorporated on 21 March 2024 and commenced trading on that date.
Governing document and sfnictur8
The Bates Foundalion operates in accordance with its goveming document and is overseen by
Board of Trustees. The Trustees are responsible for setting the strategic direction of the charity,
ensuring compliance with legal and regulatory requirements, and safeguarding the charity's assets.
Trustees
Trustees are appointed in line with the governing document and act collectively in the best interests
of the charity. New Trustees are recnjiled and appointed by the existing Board in accordance with the
charity's goveming document. During the reporting period, the Trustees met regularly to review
programme delivery, financial performance, safeguarding arrangements, and operational risks.
M8nag6ment and opeTrtions
Day-lowday programme delivery is undertaken by local instructors and partner organisations in each
location. Operational coordination is managed by a Head of Operations based in the UK. In February
2025, the charity also began working with a conlractor based in Kenya to strengthen local oversight
Page 5

THE BATES FOUNDATION
TRUSTEES. REPORT Icontlnuedl
FOR THE PERIOD ENDED 31 MARCH 2025
and operational delivery wlthln that region.
Slrategic control and decision-making are retained by the Trustees, who monitor perfomance and
rlsk through regular reporting and communication with thosa active in the field. The Trustees 8Ctlvely
manage risks associated with international delivery, Includlng safeguarding, financial controls, and
partner reliabllity, and take steps to strengthen governance and oversight where necessary.
Page 5

THE BATES FOUNDATION
TRUSTEES. REPORT (continued)
FOR THE PERIOD ENDED 31 MARCH 2025
Truslees, responsibilities statement
Th8 Trustees are responsible for preparing the Trustees. Report and the financlal statements in
accordancè with applicable law and United Klngdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law appllcable to Gharltles In Select jurisdlctlon requlres the Trustees to pr8pare finanrial
statements for each Ilnancial year whlch give a true and fair view of the st8te of affairs of the Chadty
and of the Incoming resources and application of resources of the Charity for that period. In preparing
these financial statements, the Trustees are required to.,
se18Ct suitable accounting policies and then apply them consistenuy.,
observe the methods and principlés in the Charities SORP,.
make judgments and accounting estimates that are reasonable and prudent.
prepare the financial sta18menls on the going concem basls unless It Is inappropriate to
presume that the Charity will ¢ontinue in operation.
The Trustees are responsible for ke8ping proper accounting records that are sufficient lo show and
explain the Charity's transactions and disclose wlh reasonable accuracy at any time Ihe financial
position of the Charity and enab18 Ihem to ensure that the financial statements comply wilh the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
trust de8d. They are also responsibl8 for safeguarding the assels of the Charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irr8gulari118S.
This report was approved by the Trust9es. on 30 January 2026 and signed on their behalf by..
Sebastlan Naunton Bates. Chalr
Page 6

THE BATES FOUNOATION
INDEPENDENT EXAMINER'S REPORT Iconunuedl
FOR THE PERIOD ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 31 MARCH 2025
Independ8nt Examin8¢s Report to the Trustees of The Bates Foundation Ilhe 'Charity'}
I report to the charity Trustees on my examination of the accounts of the Charity for the perfod ended
31 March 2025.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. My work has b8en undertaken so that I might
slate to the Charity's Trustees those matters l am required to state to them in an Independent
Examinerfs Report and for no other purpose. To the fullest extent perrnitted by law, I do not accept or
assume responsibility to anyone other than the Charily arKI the Charitls Trustees as a body. for my
work or for this report.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparatlon of th8 accounts in accordance
with the requir8ments of the Charities Act 2011 ('the 2011 ACV).
I report in respect of my examination of the Charity's accounts carried out under Section 145 of th8
2011 Act and in c8rying out my examin81ion I have followed all th8 applicable Directions given by
the Charity Commission under section 145(5Mb} of the 2011 Act
Independent Exarniner's Siatement
Your attention 1$ drawn lo the fact that the Charity has prepar8d th8 accounts in accordance with
Accounting and Reporting by Charities.. Statement of Recommgnded Practic8 applicable to charities
preparing their accounts accordance with the Financial Reporting Standard applicable in the UK 8nd
Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which Is referred to in the extant regulations but
has been withdrawm.
l understand that this has b88n done in order for the accounts to provide a true and fair view in
accordance with the Generally Accepted Accounting Practice effective for reporting perlods
beginning on or after 1 January 2015.
I have completed my examination. I can confim that no matters have come to my attention in
onnection with the examination givlng m8 cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the
2011 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirernents conceming the form and contenl
of accounts set out in th8 Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fairf view which is not a matter wnsidered as
part of an independent examination.
Page 7

THE BATES FOUNDATION
INDEPENDENT EXAMINER'S REPORT Icontlnued)
FOR THE PERIOD ENDED 31 MARCH 2025
I have no CO￿ernS and have come across no other matters in connection with the examinatlon to
which attention should be drawn in thls report in order lo en8ble a proper understanding of the
accounts to be reached.
Signed-.
Dated: 30 January 2026
Jeremy Tyrr811 FCA
40 Gracechurch Street
London
EC3V OBT
Page 8

THE BATES FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 MARCH 2025
Unrestricted
funds
2025
Total
funds
2025
Noie
Income from..
Donatlons and legacies
Charftable activities
105,809
105.809
Total income
81
136810
Expenditure on:
Charitable activities
Total expenditure
60 062 ￿￿062
N8t income before othèr recognised galns and Ioss8S
Net movement in funds
76,748
76,748
76,748
76,748
Reconclliation of funds..
Total funds brought forward
Total funds carried fonward
The notes on pages 11 to 15 fom part of these flnancial statements,
Page 9

THE BATES FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2025
2025
Note
Current assets
Debtors
6,900
Cash at bank and in hand
91.339
Creditors.. amounls falling due within one year
Net current assets
Net assets
Charity Funds
Unrestricted funds
10
748
Total funds
The truste85 declare that these accounts have been prepared in accordance with the provisions
applicable to charities subject to the small charities regime.
The charity is entit18d lo exemption from audit under section 477 of th8 Companies Act 2006 relatlng
to small compani8S.
The trustees acknowledge their re5ponslbilities for complying wlth the r8quirements of the Act with
respect lo accounting records and the pr8paralion of accounts
The financial statements were approved by the Trustees on 30 January 2026 and signed on their
behalf, by..
Sebastlan Naunton Bates, Chair
The notes on pages 11 to 15 form part of these financial statements.
Page 10

THE BATES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Accounting Policies
1.1 Basis of preparation of financial statements
The financlal statements have been prepared to give a Yrue and fairf view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to provide a Irue and fai￿ view. This depBrture has Involved following the
Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounllng and
Repo￿ng by Charities.. Statement of Recommended PractiG8 effective from 1 Aprtl 2005
whlch has since been withdrawn.
The flnanclal statements have been prepared under the historical cost conv8nlion with
items recognised at cost or transaction valu8 unless otheNise stated in the relevant notes
to these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice.. Accounting and Reporting by Charities preparing
their accounts in accordance wilh lh8 Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) issued on 16 July 2014 and Financi81 Reporting
Standard applicab18 In the United Kingdom and Republlc of Ireland IFRS 102) and
Charities Act 2011,
The Bates Foundatlon constitutes a public benefit entity as defined by FRS 102.
1.2 Incomè
All income is recognised once the Charity has entitlement to the income, it is probable that
the income will b8 received and the amount of income receivable can be measured
reliably.
For legacies, entillemenl is taken as the earlier of th8 date on which either.. the Charity is
aware Ihal probate has bean granted, the estate has be8n finalised and notification has
b8en made by th8 executor(s) to the Trust that a distribution will be mad8, or when a
dislribulion is received from the estate. Receipt of a 18gacy, in whole or in part, is only
considered probable when the amount Gan be measured r81iably and th8 Charity has been
nolified of the executor's intentlon to mak8 a distribution. Where legacies hav8 been
notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for
incorne recognition hav8 not been met, then the legacy is treated as a contingent ass8t
and disclosed if material.
Income tax recoverable in relatlon to donations received under Gift Aid or deeds of
covenant is recognised al the time of th8 donation.
Income tax recoverable in relation to Investment income is recognised at the time the
inveslrnent income is receivable.
Page11

THE BATES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Accountlng Policies (continued)
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to Iransfer
economic benefit to a third party, it is probable that a transfer of economic benefrts will be
required in settlement and the amount of the obligatlon can be measured reliably.
Expendilure Ss classified by actlvity. The costs of each activity are made up of the tolal of
direct costs and shared costs, including support Costs involved in undertaking each activlty.
Direct costs allributable to a single activity are allocated directly to that activity. Shared
costs which contribute to more than one activity and support costs which are nol
attrlbutable to a single aclivity are apportloned between those activities on a basls
consistent with the us8 of resources. Central staff costs are allocated on the basis of lime
spenl, and depreciation charges allocated on th8 Portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on th8 objects of
th8 Charity and include project management carried out al Headquarters.
Charitable activities and Govemance costs are costs incurred on the Charity's operations,
including support costs and costs relating to Ihe governance of Ihe Charity apportioned to
charitable activities.
All éxpenditure is inclusive of irrecoverable VAT.
1.4 Interest receivable
Interest on funds held on deposit is included when receivab18 and the amount can be
measured reliably by the Charity,. this is nomially upon notification of the interest paid or
payable by the Bank.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any Irade discount
offered. Prepayments are valued al the amount prepaid net of any trade discounts du8.
1.6 Cash at Bank and in hand
Cash al bank and in hand includes cash and short term highly liquid investment5 With
short maturity of three months or less from the date of acquisition or opening of the deposil
or similar account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result
of a past event, it is probable that a transfer of economic benefit will be required in
settlement, and the amount of Ihe settlement can be estimated reliably. Liabilities are
recognised at the amount that the Charity anticipates il will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured al the best estimate of the arnounts required to settle the
obligation. Where the effect of the tim8 value of money is material, the provision is based
on the present value of those amounts, discounted al the pre-tax discount rate that reflects
the risks specific to the liability. The unwinding of the discount is recognised within interest
payable and similar charges.
Page 12

THE BATES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Accountin9 Pollcies (conlinuedl
1.8 Financial instruments
The Charity only has Ilnancial assets and financial liabilities of a kind that quality as basic
rinancial instruments. Baslc financial iristrumenls are initially recognised at transactlon
value and subsequently measured at their settlement value wllh the exception of bank
loans which are subsequenlly measured al amortised cost using the effective interesl
method.
1.9 Fund accounting
General funds are unreslricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the Charity and which have not been
designated for other purposes.
1.1 Ocash Flow Exemption
The financial statements do not indude a cash flow statemènt because the charity, as
small reporting entity, is entitled to exemption to provide such a statement.
Income from donations and legacies
UnTestrlcled
funds
2025
Total
funds
2025
Donations
Patron Donations
10,305
95,504
10,305
95,504
Total donations and legacies
Income from charitable activitie5
Unrestricted
funds
2025
rolal
funds
2025
Charity Auction Income
Analysis of expenditure on charitable activities
Unrestricted
ftjnds
2025
Tol81
funds
2025
Global Scholarship Programme
Page 13

THE BATES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Analysis of expenditure by activities
Global
Scholarship
Programme
Total
2025
Academy Instructors
Sparring Kits
Travel Expendllure
Other Direct Costs
21.672
23,379
7,291
1.733
21,672
23,379
7.291
1,733
Support
Global
Seholarship
Programme
Total
2025
8ank Changes
Accounting
R8ntal
386
2,388
3,212
386
2.388
3.212
Subtotal
5,986
5,986
Other support
Trustees renumeration and expenses
During the period, no Trust8es received any remuner8tion.
During th8 period. no Trustees received any benefits in kind.
During the period, no Trustees received any reimbursement of expenses.
Independ8nt Examination
The Independent Examination fee for the period under review is £1,980
Page 14

THE BATES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOO ENDED 31 MARCH 2025
Debtors
2025
Trade debtors
Creditors: Amounts falling due withln one year
2025
Trade creditors
Accruals and deferred income
299
14,292
10. Stslement of funds
Statement of funds - current year
Balance at
21 March
2024
Balance al
31 March
2025
InGome Expendllure
Unrestricted funds
General Funds
11. Analysis of net assets b8tween funds
Analysis of net assets between funds - current year
Unrestricted
fvnd5
2025
Tot81
lunds
2025
Current assets
Creditors due within one year
91.339
114,5911
91,339
(14,5911
12. Related party transaction5
Expenditure of £53,237 was initially incurred by Sebastian Bates a trustee on behaff of the
organisation. These sums were reimbursed by the ch8rity during the year
Page 15