Samworth
Foundation
Trustees, report and financial
statements
Registered number 1207859
5 April 2025

Trustee> report and financial statements
S April 2025
Trustees. report
Reference and administrative information
Trustees
Belinda Gordon
Daniel3 Lloyd-williams
Mark Samworth
Andrew Fordham
Kathryn Carney
Naeem8 Ahmed
(appointed 16 April 20241
(appointed 16 April 20241
(appointed 16 April 20241
(appointed 2 October 20241
(appointed 2 October 2024)
(appointed 2 October 20241
R•gistered charity
number
1207859
Principal office
Chetsvode Aouse
1 Samworth Way
Melton Mowbray
Leicestershire
LE131GA
Independent auditor
Saffery LLP
Westpoint
Peterborough Business Park
Lynch Wood
Peterborough
PE26FZ
Bankers
C Hoare&Co
37 Fleet Street
London
EC4P 4DQ
Solicltors
Macfarlanès LLP
20 Cursitor Streei
Londc>n
EC4A 1 LT
Registered number 1207859 15April 2025

Trustees'reportand financid statements
5 April 2025
Trustees, report {continued)
The TrLJStees present their report and the audited financial statement5 of The Samworth Foundation forthe year
ended 5 April 2025. The Trustees have adopted the provi5itsns of the Accounting and Reporting by Charities..
Statement of Recommended Prattice applicable to charit1&5 preparing their account5 in accordance with the
Financia5 Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.
Objectives and activities for the public beneflt
The 5arnworth Foundarion wa5 registered as a Charitable Incorporated Organisation ICIOI on 16 April 2024
(registered charity number 12078591, and it commenced operations on 1 Ortober 2024 when it took over the
main business and a55ets of The Samworth Foundation (registered charity number 2656471. The merger between
The Samwoith Foundarion ICIOI and The 5amworth Foundation was completed on 2lanuary 2025.
The Samworth Foundation exists and operates for the public benefit through srant-making and 50tial investment
Ihroughoui the UK and internaiionally. In deterrnining its funding strategie5 and in the administration of the
FoLJndation, the Trustees have paid due regard to the 8uidance published by the Charity Commi55ion under
section 4 of the Chariries Act 2011.
The Samworth Foundatlon Is a pro-attive funder dedicated to supporting a limited number of causes.
Applications are considered on the irniitstion of the Trustees, or the staff of the Foundation, and un501icited
applications are not accepte(l.
Strategic focu5
The Foundation focuses its core grant making on two specific areas, which are outlined below.
Modern Slavery and Exploitation
The Foundation SLJpports work that helps to bring about Systemic change and seeks io fund organisations that
Safeguard people from 51avery, induding those addressing the systern5 and structures that enable the issue to
persisi, whilst also ensuring Mctims, survivors and those at risk have acce5S to high quality SUPPOrt.
Aim..
Building lives free from modern slavery and exploitation
Safeguarding people from modern slavery and exploitstion
Ensuring suNwors and those at risk have access to high quality sUPPOrt
Impart goals..
Better systems, structures, and practices that reduie the risk of slavery and exploitstion
Strong. effective organisations working with victims, survivors and those at risk
Envlronment and Climate Change
The Foundètion seeks to safeguard the natural world and looks to fund organisations working t(F restore and
enhance the health of the environment as well as those who are 3ddre55ing the systems and srructure5 that
have a negative impart on the planet.
Aim..
Better agricultural systems that enhance nature and address cllmate change
Init13tives that raise the ambition of govemments and others to reform policy and leglslation
that balance climate, nature, and food production
Work that demonstrates rhe benefits of climate and nature posirive farming
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Trustees. report and financi31 statements
S April 2025
Trustee5' report (continued)
Oblectlves and actlvltles for the publlc beneflt {continuedl
Impaci goal5'.
Better sy5tem5, Structures and practices that lead to a reduction in harm from agriculture
Strong, ertective organi5ations working to promote nature and climate positwe farming
Public benefit is generated through grants. donations and social investments to charities and other social sector
organisation5 engaged in activities that support the Foundation's areas of focus.
Glvlng Pollcy
The Foundatiorfs Giving Policy is primarily aimed towards funding organi53tions that closety align (o its Strategic
reas trf InterÈst. In line wtrh the Foundation's impact goals, Trusrees expectthatgrants will normally 5UPPOrt one
or more of the followng outcomes:
al Improving policy a￿d practice where the focus Is on influencing improvements in relevant policy and
practice.
bl Stronger organisations- helping organisatlOn5to grow, develop and sustsin theirwtrrk.
cl Servicesand activities- maintainin& expandins or providing newservices,with an emphasis on quality and
effectiveness.
Trustees consider grant funding a5 an opporiunity 10 invest in organssations and their people and will look to
establish strong, long-term panner5hips by providing mulii-year grants. Where possible, Trustees will offer
unrestricted grants, as unrestricted funding enable5 organisations 10 be more flexible and responsive to Ihe
needs they identify and gives grant holders control over how the money they receive is spenr. Where this 15 not
possible, or where an organisation requests it, Trustees may offer core funding for general opera(ing costs or
project specific grants.
The Foundation also supports individual Samworth family members in their philanthropic givin& working with
them to engage wtth and contribure to the Foundation. its work and wider social and environmental issijes.
Sotial Invtstmfrnt Pollcy
The Foundation does not have a specific Social Investment Policy,. however, Trustee5 have determined that
providing support in the form tsf social invesrments be an important element in developing the capacity and
sustainability of the wider charitable sector, especially where funding fflight not be available from traditional
sources to address social issues that are aligned with the Foundation's charitable objective5.
Achlevement5. perforrnance and plans for future perlods
Strategic core grant 8lvln8
The Foundation provided £2,387,712 in grant fundin8 to 36 organisaiions working in the UK and overseas. The
Trustees believe that how they fund is as important as what they fund, 2nd that sirong relationships with 8rant
holders across every stage of the FoLJndatic>n's grant making isvital ro deliver best pracrice and help organi5ations
become more sustainable.
Strate8lc core theme 1: Modern Slavery and Exploltatlon
The Foundation continued its support for organisètlons working to build lives free from rnodern slavery and
exploitation in the UK.
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Trustees, report and financial statemènts
5 April 2025
Trustees, report (continued)
Achievernents, performance and plans for f￿Ure perlods Icontinued)
During 2024125 the Foundation supported 17 organisations with £1,171,437 of funding. Several existing grant
holders working to tackle modern slavery and exploitation were awarded new grants. including Anti-slavery
International, AFRUCA safeguarding Children, and Helen Bamber Foundation. Two organi5ations that were new
to the Foundation also received fundlng- justice & Care and Voice of Domestic Workers.
In addition, all modern slavery and exploitation grant holders with multi-year 2w3rds were offered capacity-
buildin8 5UPPOrt via The Cranfield Trust.
Strate8lc core theme 2: Environment
The Foundation continued to fund work that bring5 about better agricultural systems that enhance nature ènd
address climate change. Within this focus, there is support for initiatives that raise Ihe ambition of governments
and others to reform policy and legislation that balance climate, nature, and food production. as well as work
that dem&nstrates the benefits of climate and nature posltive farming.
During 2024125. the Foundation supported 19 ooanlsatlons with £1,216,275 of funding. Four existing grant
holder5 have received new awards CHEM Trust, Global Canopy, Green Alliance and Nature Friendly Farming
Networl as well as four organisation5 new to the Foundation Peers for the Planet, Pesticide Action Networ
The Climate Coalition. and The Real Farming Trust.
The Founclation continued as a signaiory to the Funder Commitment on Climate Change. As part of this
commitment. Trustee5 agreed io report annually on progres5 against five goals in Ehe Commitment. This years
progress report can be found tsn the Foundation's website.
b. Cost of Livins 8rants
In recognition of the financial pressures being experienced by some organisations due to high inflation and
increasing demand for 5ervicE5, at the beginning of thi5 financial year core grant holders who were awarded
multi-year supporr prior to 31 March 2022 and vlhose grants continued bèytsnd Apri12023, received an uplift of
l 0% of their currentannual grant, upio a maximum of £10,000. Atotal of £26.000 was given to fourorganisations,
with grants ranging from £4.000 to £10,000. This take5 the total arnount awarded over two years to £121,500.
L Funder plu5
This year, core grant holders have been offered a subscription to the Directory of Social Change IDSQ Funds
Online lan online funding database) to support income generation, and a £3,000 bursary to access capacity
building support from DSC. They can drawdown the bursary at any polnt during the Ilfe of their grant. This offer
build5 on the 5ucce55 of the £1,000 DSC bursary offered to grant holders last year. DSC Is a charity that works to
strengthen noi-foi-profit organi5ations through trainin& publications. and other resources. Acr¢)ss the year. 23
or8anisatlons accessed this support.
In additlon, The Cranfield Trust was awarded £25,000 to enable 8rant holders from our modèrn slavery and
exploitation portfollo to access capacity building support. The Trust suppoirts social welfare charities through a
range of services. tailored to their needs. They have a ne￿tsrk of skilled volunteer consultant5 and advisers that
help charities succeed and thrive by offering menioring. management consultancy, peer support. advice, trainin8
and information.
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Trustees, report and financial statements
5 Aprll 2025
Trustee￿ report (continued)
Achievements. performance and plan5 for future periods Icontinuedl
d. ExceptSonal grants and donatlons
Exceptional grants and donations are offered to areas of interest to the FoLJndation that do not'fiv wthin its core
areas of focus. In 2024125, exceptional awards included 8 further £165,000 forThe University of Leicesrertowards
Its research inio early cancer detect5Dn. £63.860 to support Tudor Grange Samworth Academy to create a
community hub, £30,000 to aid Médecins San5 Frontière5 humanitarian work across thè world, and £1 0,000 to
The Children's Surgery Foundation towards rhe purchase of an ultrasound vein finder for Leicester Children's
H05Pital.
Famlly Glving
The Foundation supports San)worth Family members with their charitablè gr￿In> Over the past 12-months,
grant5 and donations totalling £396,128 have been awarded to a range of causes including conservation,
homelessness. children and young people, palliatrle care, sports, and the arts.
The year in numbtrs
Fundlns Slream
Numb¢rof•xpnlM¢Io
Total 8lv•n
Core grants
2,387,712
Cost of living grants
26,000
Funder plus
l Exceptional awards
Family grants and donations
Total 8rants and donations
3,133,123
he number of organisations accessing SUPPOT¢ two further charities are providing the 5erMce5. Directory of
Social Change and The Cranfield Trust
23*
54,423
268,86Ql
61
396,128
Type of fundlng a¥varded across •ll 8lvln8 Streams
Funder plus
Restricted
fvndin8
UnrÈstrirted
fundir
General operatin8 c¢Jsts
Registered number 1207859 15 April 2025

Trusteeg ￿port and finanti81 st3tÈments
5 Aprll 2025
Trustees. report {continued)
Achlevements. performance and plan5 for future perlods Icontinuedl
Impact
The Samworth Foundation achieve5 Its impatt by funding the work of charitsble. and other not-for-profit
organisations. The Foundation team develops stron& positive relatior15hip with grani holder5. meetingwith them
on a regular basisto discuss developments, issues, and challenges. In addition, annual grantieports are expected
at the end of each year of funding, which outline progress to date, outcomes, impacr, and lessons learnt. At the
end of their grant, grant holders must also provide a final report illustrating the difference the award has made.
This year, the team received 38 reports from core gr3nt holders. These reports indicate that de5plte a difficult
operating context for the 501181 sector, due to rising costs and Increasing competition for available funds,
Foundation support has enabled grant holders to contribute to our impact goals of 'better systems. strurtures,
and practices. and 'strong effective or8ani5ations' in both anti-slavery and environTnenral work. Examples of
Impact achieved can be found in the case studie5 b210w.
ase studies
Helen Bamber Foundation
Rebuild East Midlands
The Helen Bamber Foundation IHBF) suppons
survivors of tr3fficking and torture. Based In
London, with national and International reach,
their rnodel of care ensure5 that survivors are
healthy, safe, and protected from re-virtimi53tion,
detention and poverty-
The Foundation has ftjnded their work for nine
years, including through a fNe-year ijnrestricted
grant of £500,000 awarded in 2022. In 2024, a
further £140.ODO was provided lon top of the
£IOO,000 awarded in 20231 to support the
development of the Ufs first major Trauma Centre
for the rehabilitation of survivor5 of trafficking and
torture.
Based in Derby, Rebuild East Midlands èmpowers
and assists survivors of modern slavery3nd human
trafficking to overcome the barriers that they might
face In starting a new life, free from slavery.
The Foundation's core grant of £90,000 over three
years, awarded in 2023, aims to support Rebuild's
organisaiional
resilience
and
susrainability.
Rebuild is a small local ch3rity, and the Foundation
recognised that with core funding they could
strengthen their infrastructure to enable them to
reach more survivors and 5LlPPOrt the local
response to modern slavery.
Since the start of the grani Rebuild has secured
several multi-year grants, recruited a Fundraising
and Partnerships Manager. and increased their
reserves. They have also implemented a new
referral pathway for people affected by modern
51èvery. developed local partnerships and
expanded the team to reach more survivors. In
addition, Rebuild has aitÈssèd the Foundation's
under plug offer with both Directory of Sotial
Change and Cranfield Trust, to further build
oiganisational capacity.
"A5 a small charity leader, (he opportunities for
development for both me and my team are often
more limited, so the support from the &mworth
Foundation goes a long wayl Thank you for
supporting us so well and in tLJrn helping us make
a laaing impart in our comrnunity." Lesley
Gladwell, CEO, Rebuild East Midlands.
In March 2025, the Trauma Centre opened its
door5. Located in London, and co-created with HBF
clients, the Cenire will act a5 a lifeline for sutvivors
3nd will enable the expan510n of the Scope, scale
and impact of Helen Bamber Foundatiori's work.
For example, by 2027 HBF aims to reach 50% more
5urvivr>rs through the new Centre.
he Samworth Foundation has supported HBF at
critical moments of strategic development, which
has seen us grow by 400% in terms of income and
allowed a significant expansion of OLJr expert team
to alrn05t 60 clinicians, caseworkers and other
staff, comparedto just 21 employees at the siart of
tsur par(nership." Gareth Holmes, Executive
Director of Fundraising and Communications.
Helen Bamber Foundation Group.
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Trustees. report and financial statements
S April 2025
Trustees. report (continued)
Achievements. performance and plans for future perlods Icontinuedl
Case study= Green Alliance
Green Aliance Is an independent think tank and
charity focused on ambitious leadership for the
environment. The Foundation has supported them
since 2013, and in 2024 agreed another
Ljnrestricted, multi-year grani of £360,000 over 4.5
years.
Case study. ￿1￿l￿t ahd Countryslde Link lknnkl
Link is England'5 largest coalition of nature
charities, bringing iogether large ènd small
organisation5. Together, they influence law and
policy to achieve environmental enhancement.
Link received a three year unrestricted grant of
£150,000 frorn the Foundation in 2024.
Funding from the Foundation supported Green
Alliance to convene Greener UK. a coalition of
environmental NGOswho seiured the introduction
of the 2021 Environment Act to preserve and
enhance environrnental protection5 in the UK post-
Brexit. This was the firsi significant piece of UK
envirtsnmental legislation in over 20 years. The
coalition also shaped the 2021 Agriculture ACL
paving the way for new land use pollcy rooted in
Ihe principle of "public money for public good5",
e appreciate the flexibility that the Samworth
Foundation ha5 demonstrated across the grant
period. allowing us to focus funding on where itwill
have the most Impact, and providing us with long
term funding... Samworth sticks out as a special
funder for the holistic approach taken. In addition
io supporting u5 to achieve outcornes. you seem
genuinely invested in the reality of running an NGO
trying to achieve ambitious goals.. Blanche
Shackleton, Strategy and Partnerships Director.
Link's main nature focus is on the 2030 target to
ha￿ the decline of species abundance: a world-first
legèl commitment that Foundarion grant holders
helped to secure in the Environment Act 2021.
This year, Link united organisations in supptsrt of
its fir5l legal action, a judicial review of the
GovernmenY5 decision not to considèr a review of
the Environmental Improvement Plan IEIPI. The
case centred on the 2030 target and the orrice of
Environmental Proreciion's conclusion that the
Government was not on ti3ck to deliver it. Linkwas
successful in Securing a commiiment from the
incoming Labourgovernment to 5rrengthen the EIP
to meet the 2030 taiget. This has become a focus
for the sectors advocacy cTrn wildlife-friendly
farmin& planning and investment in nature.
e remain a relatively small, flexible and
innovative team and $0 the unrestricted support
you have given u5 15 gold du51." Richard Benwell.
CEO, Link.
Financial Revlew
Flnanclal policies
The FoundBtion's financè and Invesrment policie5 are intended to provide long-term stsbility and liquidity
SLJfficlentfor the financing of the Foundation's grants. TheTrustee5 have adopted a Total Return approach.which
eans that both income from the investrnent portfolio and the underlying capital can be used to support the
Foundation's activities. The Fc>undarion has an Investment Policy Statement thai sets out the long-term
investmeni objeitive, Yisk-proflle, strateglc asset allocation and investment restriaitsns.
b. Resetrves Poli
The Samworth Foundation holds unrestricted assets of £62,993,13412024: £63,284.1561 and a reserves policy is
therefore not strictly necessary. However. Trustees consider li prudent to hold cash reserves to draw on during
periods of market volatility or downiurns. In 2021, the Tru5tee5 decided to build up this liquidity reseNe to cover
up to two years of expenditure on core grants, equivaleniio £5 million. Bythe end ofthe year the liquidlty reserve
stood at £4.439,52612024.. £2,559,490), forming pan of Ihe Foundation's overall unrest¥icied assets, and it wlll
Reglst¢Y¢d numbtsr 1207B59 15 Aprll 2025

Trustees, report and financlal statÈments
5 April 2025
Trustees, report (continued)
Financial Revlew Icontinuedl
continue to build during the next financial year, subjert to market conditions. The Trustees continue to retain any
unused funds as reserves foi future income or capital.
The Trustees are sat15fied thatthe Foundation's assets are available and adequate to fulfil its obligations.
Investment review
The Foundation's primary investment is a UK listed investment, which was valued at £57,186,615 on 5 April 2025
12024- £59,563,770). There was 3 decrease in the value of this investment over the year of £2,377,155 12024..
£3,803,716 increasek comprising an increase In valLJe of £122,844 12024.. £7.103.7161 and the realisation of
£2,500,00012024.. £3,300,0001 through sales from the investment portfolio to meet our projected working capital
requirements for Ihe year as well a5 being used tts build the Liquidity Reserve.
The Trustee5 Continued ro follow a prudent schedule of raising any nece55ary capital on an 35 needed basis, with
the switch to re-invesiing in or re-building the Liquidity Reserves in a similar cauiious manner. Global markets
over the first six months of the year were volatile in sterling terms, falling sharply in july before recovering. The
Foundation's investment held Up well during this period due to exposure to stock5 thich continued to drive
market performance. The second half of the year Saw global equity markets fall in the first quarter of 2025 due
to uncertainty in the United States, impacting on performance against rhe investment target of CPl+S%.
The Foundation's investment returned 2.0% over the last 12 tnonihs to 31 March 2025. with the InvestmentTarget
of CPl+5% measuring 7.9% for the same period. Over a 5-year rolling period to 31 March 2025, the FcTrundation's
investment returned 41.2%, with the Investment Target of CPI45% measuring 62.5%.
The Trustees are aware that the Foundation's mission or its credibility may be un(4ermined If it invests in
businesses whtsse activities undermine its values and funding objectives. Therefore, the Trustees follow a
responsible approach to investment and are open to involvement with strategles wlth enhanced environmental,
social and governance IESGI Impart as opposed (o narrowly focused strategies which may h￿e meaningful
exposure to controve￿Ial areas.
Risk management
The Trustees are responsible for the oversight and management of the risks faced by the R)undation. They
Tegularly review the Foundation's risk position, internal contro15 as5e5srnent and compliance wth relevant
sratutory and financial regulations.
In 2025. the Trustees identified the follobwng main risks..
al Investment activities. The Foundation u5e5 financial instruments comprising G)sh and investments. The main
purpogÈ of thÈsè is to finance theworking capital cycle of the Fc)undation and the longer-term income and capiral
needs. Risk 15 managed by regular reviews of invesrments and objectives ai Trustee meetings, monittsring
performance relative to objectives and employing fund managers to achieve a diversified porrfolio within the
investment. Investment performance is referred to in'lnvestment Review above.
bl Lossof key people. The Foundation has a small staff team of three. The Ftsundation aims to retain its employees
by hawng clear job descriptions, robust people policies, flexible wtsrking practSces, annual appraisal and
development conversations, and regular one-to-ones and team meetings. In addition, adminisirative. grant
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Trustees, report and financial statements
5 April 2025
Trustees, report (continued)
Financlal Revlew {continuedl
makin& and grant management processes are clearly documented to enable a smooth handover in the event of
an employee leaving the organisation.
cl Grant makin& Applications for funding are invited. and the grants tearn carries Out due diligence, and meets
with all potential applicants prior io inviting them to submit a proposal. Once a grant Is approved by Trustees.
grant holders sign up to terms and condition5, and robust monitoring and reporting processes are in place to
ensure grants are well managed and evaluated.
Review of income and expendlture
Total income for the year was £2,849,755 12024.. £1.888,1671, of which £672,609 was from investments12024.'
£503,056), and £2,170,900 was from a generou5 unrestriited donation from Samworth Brothers Llmited12024'.
£1,380.6001.
The Foundation ha5 two streams of expenditure.. gran15 and donations, and Ihe running costs of the Foundation.
Total expenditure on charitable attivities amounted to £3,443,688 12024.. £3,719,266) including grants of
£2,736,99512024.. £3,020,6251 and donations of £396,12812024'. £362,7971.
Programm• related Investmènts
The Foundation continues Eo support its Social investment via the Resonance Social Investment Fund - National
Homelessness Properly Fund, until the end of the five-year term.
A5 part of the Covid-19 Emergency Response Fund, in 2020121, the Foundation made a Social Investment in
Charity Bank with a one-off investment to subscribe for 50p Ordinary shares in the capital of the Charity BanL at
a cost of £500,000. This year we received our first dividend payment of £27,921.
Structure. governanté and management
On the 30 November 2022, The Samworth Foundation Trustees agreèd to change the charitys legal strutture to
a Charitable Incorporated OrganI￿rIOn ICIOI, to ensure limlted Ilability for indovidual Trustees. and to reduce the
administrative burden on the chartty. The Samworth Foundation was registered as a CIO on 16 April 2024
Ire8lStered charity number 12078591. and it iommenced operations on 1 ottober 2024 when it took over the
main busine55 and assets of The S3mworth Foundation Iregistered charitynumber 2656471. The merger between
The Samworth Foundation ICIOI and The Samworth Foundation was completed on 2 January 2025.
The effect of merger accountin8 IS to bring the combining entities togethei so that the financial information is
presented as if the CIO had been the only entity for the whole of both period5. This is for both the year of
combin8tlon and the comparative period. For more details see note 18 to the financial statements.
Tru5tee5
The Fc)undation sawchangesto the Trustee Board dLJring the year.. Sarah Kerr retired as Trustee inluly. and three
new Trustees were appointed in October following two rounds of open recruitment., Andrew Fordham, Kathryn
Carney and Naeema Ahrned. The three new Trusiees bring a wealth of knowledge and expertise, including
income generation, human resources, and lived and learned experience of modern Slavery and exploitation.
All Trustees are invited to appropriate training session5 delivered by external sources. In addition. Trustees are
invited to meet with grant holders and attend relevant conferences and events, such as the Environmental
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Trustee< report and financial 5tatetneTIt5
5 Npril 2025
Trustee5' report (continued)
Structure, governance and rnanagement Icontinuedl
Funders Network Annual Retreat and the Association of Charirable Foundation5 IACF) Annual Conferenie. and
external speakers are regularly invited to Board meetin8%.
Trustees meet four time5 each year to Set and oversee the delivery of the Foundaiion's strategy and approve
grant applications that are brought forward by the Foundation Director and Grants Managers.
Trustees and staff are expecred to conduct the business of the Foundation with integrity at all tiffles. Trustees
are required to disclose all relevant interests and ro register Ihem in accordance with the Foundation's Confi ict
Df Interest Policy and ro withdraw from decisions where a conflict arises. ￿ per our Gift and Hospitality Policy,
any relevant gift or hospit3lity received by Trustees andlor st8ff Is also recorded In the Register of Interests.
Grants made to any organisation wth whom a Trustee of the Foundarion has a close personal conn￿rIOn are
disclosed in the related party trènsactions note, forming part of the financial 5¢atements.
Mark Samworth. a Trustee of the Foundation, 15 a Dirertor of Samworth Brothers Limited. Samworth Brothers
IHoldingsl Limited, and SFE Chetwode Limited. SFE CheNode Limited provide5 administration and accouniing
support together with office space to the Foundation. Amounts charged by SFE Chetwode Limited are noted in
note 17.
Naeema Ahrned, a Trustee of the Foundation, is Manager of BASNET, the UK BME Antl-slavery NetworL
established and delivered by AFRUCA S3f&guarding Children. AFRUCA is one of the Foundation's grant holders,
with funding supporting the work of BASNET. The amount awarded to AFRUCA can be found In note 5.
Apart from the initial term5 of the first charity Trustees la5 indicated in the Constitution), Every Trustee must be
appointed for a term of Ihree years. Apart from Trustees who are members of the Samworth Family Iwho may
be reappointed for more Ihan three consecutive term51 a Trustee who ha5 Served for three Cons￿vtple terms
may not be reappointed for a fourth consecuiive terrn.
b. Foundatlon team
The day-to-d3y operational management of the Foundarion's aff3irs is delegated bythe Trustees 10 a small team
Cpr three employed siaff, a Director and rwo Grants Managers. They are responslble for ensuring that Trustee
decisions are implemented in accordance wfth existing policy and within budget, for briefing the Trustees on
current trend5 in the charitable sector and for advising on how thesè may affect policy.
c. Key management personnel remunÈratlon
No Trustees, or person with a family or business connectson with a Trustee, recewed remuneratitsn in rhe year.
direct￿ or indirectly, from the Foundation12024: £nill.
The Foundation considers its key managèment personnel to be the Direaor and the two Grants Managers. rhe
Trustee5 Set and review their remuneration at least annually, having regard to performance and market rates.
One employee received emoluments within the band £60,000 to £70,00012024'. £60,000 to £70.0001.
Basis of preparatiorb
The Trustees confirm that the Trustees, report and financial statements of the Foundation compty with the
current statutory reqL¢irements. The financSal statements have been prepared in accordance with the Statement
Cpf RecDrnmended Piactice.. Accounring and Reporting by Charlties preparing rheir accounts irh accordance wth
R¢8lstered number 1207859 15 April 202S
10

Trustees, report ènd financial 5taternents
S April 2025
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective larbuary 20191
and the Charities Act 2011 and UK Generally Accepted Practlce.
Statement of trustee¥ responsibilitle5 In rtspect of the trustees, report and the financlal statements
The Trustees are responslble for preparlng the Trustees. report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The13w applicable to charities in England & Wales requires the Trustees to prepare financial ststements for each
financial year which give a true and fair view of the state of affairs of the chèrity and of the incoming resources
and application of resources of the charity for that period. In preparing these fin3ncial Statements, the trusiees
are required to..
seleci suiiable accounting polici￿ and then apply them conslstentty.,
observe the methods and principles in the Charities SORP IFRS1021,'
make judgements and estimate5 that are reasonable and prudenL
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements., anc4
prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that
the charity will continue in business.
rhe Trustees are respon51ble for keeping proper accounring record5 thar disclose with reasonable accuTacy at
any time the financial position of the charity and enable Ihem to ensure that the financial siatement5 comply
with the Charities Art 201 I, applicable accounting regLJlations and the provisions of the trust deed. They are a150
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularitiÈ5.
The Trustees are responsible for the maintenance and integrity of the charity and financi31 Information included
on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial statements may differ from legi51ètion in otherjurisdictions.
Approved by thè Trustees on .. .
l..Aplf...-.... and signed on their behalf by..
Mark Samydorth
Truxee
The Samworth Foundatlon
Chetvvode House
1 Samworth Way
Melton Mowbray
Leicestershire
LE131GA
Re¥i5tered number 1207859 15April 2025

Trustees, report and financial staternents
5 Aprll 2025
Independent auditors, report to the Trustees
OpSnlon
We have audited the financial statement5 of The Samworth Foundation for the year ended 5 April 2025 which
comprise The Statement of Financial Activities, Balance Sheet and Cash Flow StatementBnd notes to the financ&i1
statements. including significant accounting pollcies. The financial reporting frarnework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting
standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practiiel.
In our opinion the financial statements:
give a true and fair view of the state of the charitys affairs as at S Aprll 2025 and of rcs incoming
resources and application of re50urce5 for the yeèr then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conduited our audit in accordance with International Standards on Auditing IUKI11SA5 IUKII and applicable
law. Our responsibilitie5 under those standards are further described in the Auditor's responsibilities forthe audit
of the financial siatements section of our reptsrt. We are independent of the charity In accordance with the ethical
requirements that are relevant to our audit of the financial starements in the UK, including the FRC'5 Ethical
Standard, and we havè fLJlfilled our other ethical responsibilities in accordance with these requirements. We
believe tPot ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Con¢lusions relating to golng concern
In auditing rhe financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statemènts is appropriate.
B35ed on the work we have performed, we have not identified any materi£l uncertainties relating to events or
£onditlOnS that, individually or collectively, may cast significant doubt on the charitys abiliryto continue a5 a going
concern for a period of at least twelve months from when the financial statem2nt5 are authorised for issue.
Our responsibilities and the responsibilities of the Trustees respect ro going concern are described in the
relevant,sertions of this report.
Other Informatlon
The Trustees are responsible for the other informatson. The other information cornprises the information
included in the annual report. other than the financial siatements and our auditorfs report thereon. Our opinion
on the financial statements does not cover the oiher information and, except to the exteni otherwise explicitly
stated in our reporr, we do not express any form of assurance conclusion thereon.
Our respcinslbillty is to read the other informaiion and. in doing so, consider whether the other infoTm3tlon Is
materially inconsistent wtLh the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially rnisstated. If we identify such material incon5iStencie5 or apparent material
misststements, wè are required to determine whether this gives rise to a m3terial mi5Statement in the finzncial
5taternent5 themselves. If, based on the work we have performed, we contlude that there is a material
mFSStatement of this other information,. we are r4uired to report that fact.
We have ncTrthing to report in this regard.
Re8ktered number 1207859 15 Awil 2025

Trusteeg report and financial $￿teMentS
SApril 2025
Independent auditors. report to the trustees (continued)
Matters on whlch we are required to report by exceptlon
We have nothing to reptsrt in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you If. In our opinion:
the information given in the Trustèes, Annual Report is inconsistent in any material respett with the
financial sratements.. or
the charity has not kept 5uffi£lent èccounting records., or
the financial statements are not in agreement with the accounting records and returns-, or
we have not received all the Information and explanations we require for our audiL
Re5ponsibllltles of trustees
As explained more fully in the Statement of Trustees, responsibilirie5 Set out page 11, the Trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal Control as the Trustees derermine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial Statements, the Trustees are responsible for assessing the charitys ability to continue
as a going concern, disclosin& as applicable, matters related to going concern and using the going concern basi5
of accouniing unless the Trustees either intend to liquidate the chaiity or to cease operations, or have no realistic
alternative bui to do so.
Auditors, responsibllltles for the audit of thè financial $tatemen¢s
We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations
made under that Act.
Our objectsve5 are 10 obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatemeni, whether due to fr3ud or error, and to issue an auditor5, report that includes our
opinion. Reasonable assurance is a high level of 855urance, but 15 not a guarantee that an audit conductect in
accordance with ISA5 IUKI will always detect a material mi55tatement when it exists. Misstatements Can arise
from fraud or error and are considered rnaterial if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of ihese financial statements.
Irregularities. including fraud, are in5tance5 of non-compliance with la￿ and regulations. We design procedures
in line with our responsibilities. outlined above, tts detect material missiatements in Te5peci of irregulariiies,
including fraud. The specific procedures for this engagement and the exteni to which [h￿e are capable of
detecting irregularities, includSng fraud are detailed below.
Identifying and as5e5sing risks related to irregularities..
We assessed the susceptibility of the charit5ls financial statements to material misstatement and how fraud might
occur, including thrc>ugh discussions with the Trustees, discussion5 Wlthin our audit team planning meetin&
updating our record of internal controls and ensunng these controls operated os intended. We evaluated
possible incentives and opportunities for fraudulent manipulation of the financial statements. We ideniified laws
and regulèrions that are of significance in the context of the charity by discussions with TrusLees and updating
our understanding of the sector in which the (k￿rIty operate5.
Law5 and regulations of dirett significance in the context of the charity include the Ch3rities Act 2011. the
Charities (Accounts and Repyirt51 Regulations 2008 and guidance issued by the Charity Commi55ion for England
and Wales.
Reglstered number 1207859 1 S April 2025

Trustees, report and finantlal statemènts
SApril 2025
Independent audltors. report to the trustees (continued)
Audit response to risk5 identified..
We considered the extent of compliance with these laws and regulations as part of our audit procedures on the
related financial statement Item5 including a review of financial stsiement disclosures. We r&viewed the charitgs
records of breaches of13ws and regulation5. minutes of meetings ènd correspondence with relevant authorities
to identify potential material misstafements arising. We discussed the cha¥ity's policies and procedures for
compliance with laws and regulations with members of management responsible for compliance.
During the planning rneeting with the auditteam. the eng3gement partner drew attention to the key areaswhich
Fnight involve non-compliance bvith laws and regulations or fraud. We enquired of management whether they
ere aware of any in5tance5 of non-compliance with laws and regulations or knowlèdgè of any actual, suspected
or alleged fraud. We addressed the risk of fraud through management override of controls by testing the
appropriateness ofjournal eniries and identifying any significant tran5action5 that were unusual or outside the
ormal course of btjsiness. We assessed whetherjudgements made in making accounting estimates gave rise to
a possible indicaiion of management bia5. At the completiori stage of the audit, the engagement partnerfs review
included ensLJring that the ieam had approached their work with appropriate prtsfes5ional scepticism and thus
the capacity to identify non-compliance with laws and regulations and fraud.
There arè inherènt limitations in the audit procedures described above and the further removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial ststements, the less likely
we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher Ihan
the risk of not detetting one resu￿Ing from error, as fraud may involv@ deliberate ccincealment by, for example,
forgery or intentional misrepresentaiions, or through colluslon.
A further description of our responsibilities is available on the Fin3nck31 Reportlng Councivs website at:
w.frc.or .uklaudi
rsres
This description form5 part of our auditor's report.
Use of our report
This repo¥1 is made soletyto the charitys Trustees a5 8 body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might state to the Trustees those
matters we are required to State to them in an auditors report and for no oiher pu¥p05e. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than Ihe charity and the Trustee5
as a ￿dy, for our audit worl for this report, or for the opinions we have fomied.
Saffery LLP
Chartered Accountants
Westpoint
Peterborough Business Park
Lynch Wood
Peterborough
PE2 6FZ
StatLrtory Auditors
Date-
Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Art 2006
Registered number 1207859 15 Aprll 2025
14

Trustee¥ reportand financial statements
5 April 2025
Statement of financial activities
for the year ended 5 April 2025
Note
2025
2024
To¢al
funds
Total
funds
Income and endowments from:
Donations
Investments
1177.146
672.609
1,385,111
503,056
Total
2,849,755
1,888,167
Expenditure on..
Charitable activities
13.443.688) 13,719,266)
Total
13,443,688) 13.719,2661
Net gaIn￿lI05$eSI on investments
302.911
7,220,495
Net lexpenditureVin¢ome
{291.022) 5,389,396
Nèt movèmènt In funds
1291,0221 5.389,396
Reconciliation of funds:
Total fLJnds brought forward
76
63.284.156 57,894,760
Total funds carrled forward
16
62.993.134 63,284,156
ASI attivities relate to continuing operations.
The above resuks relate wholly to unre5tritted funds.
The notes on page5 18 to 31 form part of these financial Statements.
Reglstered number 120785915Aprll 2025
15

Trusrees. reportand linantial statsments
SApril 2025
Balance sheet
as at 5 April 2025
Note
2025
2024
Flxed assets
Tangible assets
Inve5tment5
Prograrnme rèlated investments
10
5.000
61.626.171
800,000
5.000
62,123,260
800,000
12
62.431.171
62,928,260
Current assets
Debtors
Cash at bank
13
11.912
815,310
3,734
558,442
827.222
562.176
Creditors: amounts falling dLJe within one year
1265.2591
1200.2801
Net current assets
561,963
361.896
Total assets less current Ilab115tles
62.993.134
63,290,156
Creditor5: amount5 falling due aftèr more than
one year
16,0001
Net assets
61993,134
63,284.156
The funds of the Foundatlgn
Restricied funds
Unrestricted fund5
16
61993,134
63,284,156
Total Foundatlon funds
16
62,993,134
63,284.156
These financial statements were
by:
proved by the Trustees on
Mark Samworth
Trustee
The notes on page5 18 to 31 form part of these financial statements.
Reglsteyed number 1207859 15 April 2025

Trustees. report and finèndal staternents
5 4)ril 2025
Cash flow statement
for year ended 5 Aprll 2025
Note
2025
2024
Cash flows from operatlng acttvtties
Net lexpenditurel/income for the reporting period
Adjustmenis for-
(Gains) on investments
Dividends and interest from investments
Ilncreasei/decrease in debtors
Increaselldecreasel in creditor5
1291.022)
5,389396
11
1302.911)
1604.840)
{8.178)
58.979
17,220,495)
1484,5171
11,8331
(244,1471
13
7415
Net cash outfl¢w from operatlng artlvltle5
11.147,972)
12,561,596>
Cash flows from Investing activitie5
Dividends and Interest from investments
Purchase of investment5
Sale of investments
604.840
11.700.0fy)}
2.500.000
484,517
11,400,0001
3,300,000
17
Net cash from Investing actlvltles
1,404.840
2,384,517
Nèt cash from flnanclng actlvltSes
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginr*ing of the year
256.868
558,442
1177,0791
735,521
Cash and cash equivalents at the end of the year
815.310
558,442
Analysis of changes In ne¢ debt
At 6 April 2024
Cash flows At 5 April 2025
Cash and cash equlvalents at the end of the year
558,442
256,868
815.310
rhe notes on pages 18 to 31 form part of these financial ststements.
ReKls¢ered number 1207859 15 April 202S

Truaees. reportand Pinancial 51aternenis
5 April 2025
Notes
{forrnlng part of the flnancial 5tatement5)
Accounting policies
Charity Informatlon
Samworth Foundation is a charity domiciled and registered in England and Wale5.
Thè regstered office is: Chetwode House, 1 Samworth Way. Melton Mowbray, Leicestershire, LE13 1 GA
Basis of preparatlon and assessment of golng concern
The Foundation is a public benefit entity.
The financial statements have been prepared underthe historical cosr convention, with the exception of
investments which are included at market value. The financial statements have beèn prepared in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffettive january 20191- Charities SORP IFRS 1021, and the Financial Reporting Stsndard applicable in
the United Kingdorn and Republic ol Ireland IFRS 1021 and the Charities Aci 2011.
The financial siatements have been prepared to give a 'rrue and fair, view and have departed from the
Charities (Accounts and Reporrsl Regulations 2008 onlyto the extent requ1red to provide a'true and fair
view. This departure has Involved fc>llowing Accounting and Reporting by Charities preparin8 their
accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of
Ireland IFRS 1021 leffettive January 20191 rather than the Accounting and Reporting by Charities..
Statemenr of Recomrnended Practice effective from l April 2005 which has since been withdrawn.
On 1 October 2024, The Samworth Foundation received the net assèts and underrakings of The
Samwvorih Foundation, an exisiing unincorporated trust with the same objective5 as The Samworth
Foundaiion, CIO. This reconstruction has been accounied for under the merger occounting method in
accordance with the Charities SORP IFR51021.
The effect of merger accounting is to bring the combining entities together $0 that the financial
information is presented as if the CIO had been the only entity for the whole ol boih periods. This 15 for
both the year of iombination and rhe comparative period. For more details see note I
Golng concern
The Trustee5 consider thatthere are no material unceTtainiies about ihe Foundation's abilityto continue
as a going concern. The Trustees meet regularly and consiLler investrnent performance alongside long-
term cash flow projections and tsngoing grant giving.
Area5 of judgement and key assumptlons
The most significant area5 of judgement and key assufflptions that affert items in the accounts relate to
estimating the liabllity from multi-year grant and donation commitments Isee note 51. With respect to
the next reporting period. the most 5ignifiiant areas of uncertaintythat affect the carryingvalue of a55ets
held bythe Foundation are the level C*f investment return5 and the performance of Investment markets
(see the Trustees, annual report).
Fund accounting
General funds are unrestricted funds which are available for ugÈ at thÈ discretion of the Trustees in
furtherance of the general objettives of the Foundation and which have not been designated lor other
purposes.
Restricted funds are subject to specific condttlOn5 by donors as to how they may be used.
fteglstered number 1207859 1 S April 2025

Trustees. reportand finèncial staoments
5Awil 2025
1 A¢¢ountlng pollcles (contlnued)
Incoming resources
All incoming resoLtrces are included in the statement of financial activities when the Foundation has
entitlemenr to the funds, probable receipt of fund5 and the amount can be measured with sufficient
All monetary donaiions are included in the financial Statements when receivable, provided Ihere are no
donor-imposed restrictions as to the nature or timing of the related expenditure, in which case
recognition is deferred until the pre-condition has been met.
Income tax recoverable in relation to donation5 received under Gift Aid is recognised at the tirne of the
donation.
Investment income, including associated tax recoveries, is recognised when reCe￿Able.
Resource5 expèndèd
Expenditure 15 accounted for on an accruals basis and has been included under expense categories that
aggregate all costs for allocation to actimties. Where costs cannot be direcuy attributed to particular
activities, they have been allocated on a basis consistent with the use of resources.
Supporc costs are those costs incurred directly in 5UPPOrt of expenditure on the object of the
Foundation.
Governance costs are those costs incurred in connection with the administration of the Foundation and
compliance with constitutional and statLJtory requir@ments.
Grants and donations payable are charged in the year when the offer 15 made except in those cases
where rhe offer is conditional, such 8rants being recognised as expendiiure when the conditions
attaching are fulfilled. Grants and donation5 offered 5ubjeit to condititrns which have not been met at
the year end are noted as a contingent liability, but not accrued a5 expenditure.
Tanglble flxed assets and depreclatlon
Tangible fixed assets are stated at Cost less depreciation and any provision for impairment.
No depreciation is provided on freehold land.
Investments
Investménts are stated at market value at the balance sheet date. The Statement of financial activities
includes rhe net gains and1055e5 arising on revaluation and di5posa15 throu8hout the year.
Programme related Investments
Programme related investments are initially recognised and measured at the amount paid. The carrying
value amount is adjusted in subsequent years to reflect repayrnent5 and any ac£rued interest. and
adjusied if necessary, for any dirninution in value.
Flnanclal Instruments
Basic financial instruments include debtors and creditors. The Foundation only has financial assets and
Iinancial liabilities of a kind that qualify as basic financial Instruments. 8asic financial instruments are
initially recognised at trènsèction value and subsequently measured at their 3mortised COSL
Reglstered number 1207359 1 S Apyil 2025

TrustÈe¥ report and financial s(aternent5
5April 2025
Notes (continued)
Voluntary income
2025
2024
Total
funds
Total
Fundg
Donation5
2,177.146
1,385,111
2.177.146
1,385,111
The current year and prior year ends relate wholly to unrestriaed funds.
Investment income
2025
2024
Total
Funds
Ttstal
Funds
Income from listed investment5
Bank deposit interest
Programme related investment interest
604.840
30.695
37,074
484,517
9.878
8.661
672.609
503,056
The curreni year and prior year ends relate wholly to unrestrirted funds.
Registered number 1207859 15 April 2025
20

Trustee¥ report and financi31 statements
5 April 2025
Notes (continued)
ExpÈnditure on charitable activities
202$
2024
Total
Fund5
Total
Funds
Grants (notè 51
Donations (note 51
Support co￿5 (note 61
Governance costs (note 71
1736,995
396.128
179,539
131,026
3.020,625
362,797
172,260
163.584
3.443.688
3.719,266
The current year and prior year ends relate wholW to unrestricted funds.
Grants and donations to charitable organisations
2025
2024
Total
funds
Total
funds
Core grants
Transftsrma(ion and Innovation fund
grants
Cost of Ilvlng grants
Funder plus bursarie5
Exceptional grants
2,387.712
2.518.786
26.000
54.423
268,860
95,500
26.339
380.000
2,736,995
3,020,625
There were 6212024.. 671 gran15 made tts organi5ations during the year amounting to £2.736.99512024:
£3,020.6251.
The current year and prior year ends retate wholly to unresiricted funds.
2025
2024
Total
funds
Total
funds
Donations
396,128
362.797
396,128
362.797
7here were 7712024.. 541 donations made to organisations during the year amountingto £396.12812024'.
£362.7971
The current yèar ènd prior year ends relate vvholly to unrestricred funds.
Reglstered number 1207859 1 S Aprll 2025
21

Trustee¥ reportand financial statements
5 April 2025
Notes Icontinuedl
Grants and donations to tharltable organlsations {continued)
Reconciliation of grants and donations payable:
2025
2024
Accrued at 6 April 2024
Grants and don8tion5 payable for the year
Grants and donaiions paid during the year
166.808
3.205,284
13.133.123)
410,000
2,806,614
(3,383,422)
Accrued at 5 Aprll 2025
238,969
166,808
Payable a5 follows:
Gran(s and donations Payable <1 year- orÉanisations
Grants and donations payable >1 year- organisarions
238.969
160.808
6.000
238,969
166,808
All grants and donations payable in the current and prioryear are payable from unrestrirted fLJnds.
Re8lStered number 1207859 15 Aprll 2025
22

Trustees, report and financlal statements
5 2025
Notes (continued)
Grants and donatlons to charltable organi5ations Iconiinuedl
2025
Coregrants
Made from unrestricted funds..
The Soil Association
The Green Alliance Tfust
Helen Bamber Foundation
Beyond Ihe Street5
Hope for justice
Ripple Effect International
Royal Society of Wildlife Trusts
Wildlife and Countryside Link
The Baca Chorty
NWG Nenvork
Anti Trafficking and L3bour Exploitation Unit IATLEUI
Nature Friendly Farming Network
Real Farming Trust
Trade Justice Movement
Justice and Care
Labour Climate and Eniyronment Forurn
Conservatwe Enwronment Network
ClientEarth
Anti-slavery International
Peers for the Planet
Rainforest Foundation UK
Voice of Domestic Workers
Sustain= The Alliance for Belter Food and Farming
Global Canopy
Linking Environment and Farming
Pesticide Action Neiwork UK
Unseen IUKI
The Snowdrop Projèct
ECPAT UK
CHEM Trust
Human Traffitking Foundation
Rebuild East Midlands
The Climate Coalition
AFRUCA- Safeguarding Children
New Futures Project
Abi Billinghurst & Associate5 IAbiandal
110.OCK)
80,000
240,OJO
45,000
33,437
55.000
80.000
50,000
80,000
75,000
75,0
100,000
70,000
66,275
60,0
60,0
60,0
60.OCK)
95,000
60,000
60,000
48,000
50,000
75.000
50,000
50,000
50.000
50,000
50.OC>O
60,000
40,000
30,000
20,000
50,000
90,000
60,000
2,387.712
Rigist•red number 1207859 IS April 2025
23

Trusteeg reportand financial statements
5 April 2025
Notes (continued)
Grants and donation5 to charitable organlsatlons Icontinuedl
2025
Cost of Llvlng Grants
Made from unre5trirted fund5'.
The Green Alliance Trust
Nature Friendly Farming Nètwork
5usraln.' The Alliance for Better Food and Farming
CHEM Trust
10.000
7.000
5,000
4,000
26,000
2025
Funder Plus Bursaries
Made from unrestrirted funds-
Directory of Social Change
The Cranfield Trust
29,423
25,000
S4,423
23 grani holders accessed training and development bursaries provided by the foundation via the
Dlrectory of Social Change, and l O organisation5 have engaged with The Cranfield Trust.
2025
ExceptSonal grants
Made from unrestricted funds..
Tudor Grange Academies Trust
Medecins Sans Froniiere5 IUKI
The Children's Surgery Foundation
Universty of Leicester
63,860
30,000
10,000
165,000
268,860
Re£is¢ered number 1207859 1 S Apru 2025
24

Trustees. report and financial statements
5 Ppril 2025
Notes (continued)
Grants and donatlons to charltable organlsation5 (continued)
2025
Donation5
Made from unrestricted funds..
Belvoir Education & Sports Trust
Transplant Links
The Mango Tree
Royal Academy of Kfju51C
Simon Rivett-carnac Trust
Dogs for Autism
The Woodland Trust
St Goran Church
Sands
Samworth Brothers Chariry Challenge
The nia project
International Justice Mission UK
Cenire for Artion and Contetnplation
Donations under £10,000
68,000
50,000
30,000
25,000
20,000
12,000
i 0,000
10,000
10,000
10,000
10,000
10,000
10,000
121,128
396,128
There is a contingent liability totalling £3,901,64012024.. £4,086,627) in respect ol grants and donaiions
that the Foundation has given initial approval for, to be made out of unrellrirted funds. This is broken
down as £3,871,640 in respect of grants and £30,000 in respect of donations. These grants and
donations are subject to an annual review being rnade by the Foundation. The total comTnitment Is
therefore not provided for in these financial statements. It is payable as follows:
Grants
Donations
Year Ènding S April 2026
Year ending 5 April 2027
Year ending S April 2028
Year ending 5 April 2029
2,136,640
1,135.000
460.000
140.000
30,000
3,871,640
30,000
Re8Ostered number 12078S9 1 S April 2025
25

Tru5tee¥ report and financial statements
5April 2025
Notes Icontinuedl
Support costs
2025
2024
Total
fund5
Totsl
Funds
Advisor5. fee5
Administration expenses
Sundry expenses
157,540
4.37Z
17,627
341,425
10,112
20,723
179.539
172,260
The current year and prior year ends relate wholly to unrestricted fund5.
Governance costs
2025
2024
Total
funds
Total
fund5
Auditoffs fees
Audit fees (including VATI
Accountancy and taxation fees
Professional fee5
Accountancy and administration fees
Sundry expenses
15.615
2.595
61.642
23.260
27.914
14,490
2,520
94,398
26,177
25,999
131.026
163.584
The current year and prioryear end5 relate wholly to unrestrirted funds.
Staff numbers and costs
The average number of employees during the year was as follows..
2025
2024
Management of the Foundation
Administration of the Foundation
Registered number 1207859 15 April 2025
26

Trustees. report and fin3nci81 statements
5 April 2025
Notes Icontinuedl
Staff numbers and costs Icontinuedl
The aggregate payroll costs of these person5 were as follows..
2025
2024
Total
fvnd5
Total
funds
Wages and salaries
Social seiurity c05t5
Other heal(hcare costs
Other pension costs
134.555
7.775
2.030
7.965
121.730
6,255
357
7.229
152,325
135.571
Expenses reimbursed to Foundaiion staff are included in sundry support costs.
One employee received emolurnents within the band £60.OCQ 10 £70,000 12024.. One employee within
the band £60,000 to £70,000).
Trustees. and key Management personnel remuneratlon and èxpenses
No Trustees, or person with a family or business connection with a Trustee, received remuneration In
the year, dirertly or indirectly, from the Foundation12024.. £nill.
The Foundation considers it5 key management personnel to be the Director and the two Grant5
Managers. The Trustees set and review their remuneration at least annually, having regard to
perforrnance3nd market rates. One employee recepied emolLJments withinthe band £60.000 to £70,000
13024.. one employee within the band £60,000 to £70,000).
Expenses amounting to £1,756 were reimbursed to Six Trustees duringthe year in respect of travel costs
12024.- £1,155 to four Trustees).
10
Tangible fixed assets
Freehold land
Cost
At 5 April 2024 and 5 April 2025
5.000
Registered number 1207859 15 Apyil 2025
27

Trustees, report and financial statements
5 April 2025
Notes (continued)
11
Fixed asset Investments
Listed securitie5
Market value
At 5 April 2024
Additions
Disposals
Revaluations
62.123,260
1.700,000
12,500,000)
302,911
At 5 Aprll 2025
61.626,171
Historical cost
39,872,568
The investrrbent 15 a UK listed investment.
The difference between ihe hi5toric31 cost and market value of investments amounting to £21,753,603
12024.. £22,423.8801 is reflected in Ihe unrestricted fund.
12
Programme related Investment5
Net book value
At 5 Aprll 2024 and 5 April 2025
800,000
Programme related Inves¢ments- soclal Investment5 comprisè:
Soclal
Investments
202S
Social
investments
2024
Natlonal Homelessness Property Fund Limited Partnership
The Charity Bank Limited
300.000
500,000
300,000
soo,000
800.000
800,000
The mission of the Horneles5ness Property Fund is to provide decent and affordable homes for people
facing homelessness in Bristol, Oxford and Milton Keynes.
A5 part of the Covid-19 Emergency Response fund, the Foundation rnad@ a social investment in The
Charity Bank Limited with 3 one-off investment of £500,000. Thi5 investment was made to sLrengthen
the charity sec¢orfs resilience and infrastructure as a whole.
Rexi5tered number 12078591 S Aprll 2025
28

Trustees, report and financial statements
5 April 2025
Notes (continued)
13
Debtors
2025
2024
Prepayrnents and accrued income
11,912
3,734
11,912
3.734
14
Creditor5: arnounts falllng due within one year
2025
2024
Trade creditors
Accruals
Grants and donaiions payable
Social security
Other creditor5
6.780
22,770
232.1B9
3.371
149
4,597
35.520
156,212
2,881
1,070
265.259
200,280
Grants and donations payable include5 £60,000 to Peers for the Planet. £70,000 to Real Farming Trust
and £6,000 to Family Bu5ine55 Research Foundation.
15
Creditors: amounts falllng due after more than oneyear
2025
2024
Grant5 and donatlOll5 payable
6,000
6,000
Reglstered number 120785915Aprll 2025
29

Trusteeg report ènd financial statements
5 April 2025
Notes Icontinuedl
16
Analysls of charitable funds
2024
Funds brought
forward
2025
Unrealised Funds carrsed
Expenditure gainsll105sesl
forward
Income
Restrictèd funds
Unresiricted
funds
63.284,156
2,849,755
13,443.6881
302,911
61993.134
Total fund5
63.284.156
2,849,755
13,443,6881
302,911
61993.134
17
Payments to Trustees and related party transactions
No Trustee. or person with a family or busine55 Connection with a Trusiee, received remuneiation in the
year, directly or indirectly, from the Foundation12024'. £nill.
Expenses amountingto £1,756 were reimbursed to six Trustees duringthe year in respert of travel costs
12024.. £1,155 to four Trustees).
Mark Samwoith, a Trusiee of the Foundation, is a Director of Samwonh Brothers Limited, Samworth
Brothers IHoldin851 Limited, and SFE Chetwode Limited.
During the year a donation amounting ro £2,170,90012024.. £1,380,600) was received from Samworth
rothers Limited.
SFE Chetwode Limited charged the Foundation for the provision of administration and payroll support
together with office space, amounting to £5,465 for the year12024.' E12,6401.
Naeema Ahmed. a Trustee of the Foundation. is ernployed by AFRUCA Safeguarding Children as Senior
Network Manager ol BASNET, the UK BME Antl-slavery Network AFRUCA received a grant of £50.000
12024.. £30,000) towards the work of BASNET.
The Samworth family has links with Uppingham School who recewed an award of £nil12024'. £300.0001
from Ihe Foundation.
18
Transfer of Actlvltles
On 1 Ortober 2024, The Samworth Foundatlon (The CIO) received the net assets and undertakings of
The Samworth Foundation, an existing unincorporated charity (Charity number 2656471 with the same
charitable objectives as The Samworth Foundation (The CIO). This reconstruction has bÈèn accounted
for under the merger accounting method in accordance wth the Charities SORP IFRSI 021.
These financial statements include the income and expenditure of The Samworth Foundation
(Unincorporated charity) forthe 6 month5 to 30 September 2024 and of The Samworth Foundation (The
CIO) for the 6 months to S April 2025.
Re8i5terod number 1207859 15 April 2025
30

Tru5tees' report ènd financial staternent5
S April 2025
Notes (continued)
18
Transfer of Activities Icontinuedl
Unincorporated
6 Months
cio
6 Months
Total SOFA
12 Month5
Total income
Total expenditure
2.557.719
292,036
1722,1391 12,721,549}
2,849,755
13.443.688)
Net Incomellexpendlturel
Recognised gainslllossesl
1,835,580
2,047,423
12,429,513)
11,744,512)
1593,9331
302,911
ovement in fund
3.883,003
14,174,025)
1291.0221
Net assets at date of merger
67,167,159
The 5amworth Foundation (The Clol received net assets of £67.167,159. Al of these assets were
unrestricted.
Regkstered number 12078S9 1 S April 2025
31