REGISTERED CHARrrY NUMBER.. 1209897 eport of the Tru5tee5 and Unaudited Finandal Statements for the Period Sth September 2024 to 31st December 2025 for The Bradshaw F(MJrxlatioD The Bradshaw Foundation Contents of the Finanoal Statement5 for the Pericd Sth September 2024 to 31st December 2025 Page Report of the Trustees I to 3 Independent Examinerfs R*port Statement of FIna￿la1 Artivltles Balance Sheet Notes to the financial Ststements 7 to 11 De￿lled Ststement of Financial A¢rivitses E2 The Bradshaw Foundation Report of the Trustees for the Period 5th September 2024 to 3tst December 2025 The triJstee5 present theii repi)rt witb. the h"nancial statement5 of the chafrty for the period Sth September 2024 to 31st December 2025. The trusteeg have adopted the provisions of Accounting and Repk)rting by Charities.. Statement of RecoM￿rtd￿ Practice applrcable to charities preparing Ilieir accounts in 6ccordance wtth the Finaniial Reporting Staftclard applicable in the UK and RePu￿1C of Ireland IFRS 1021 leffective l January 20191. OBJECTIVES AND ACTivftlES Objectives and aim5 The obseas of the Trust are the advancernenr of education of the public in the cultural heritage and preservation of hominins bv: the provision of digit313nd printed information resources detailing the intef.related realms of rchaeology, anthroty)logy. ethnology, genetics, and the technology of scientific dating,. and- providing grants to support fesearch in the cultural herita8e and Pfeservaiion ol hominins. The objectives of the Trust are achie¥ed ihrough the work of the Trustees and the coniracted support team, fe5earching, documenting and preSe￿ing ancient rock art around the WOf*. The work produced by the team is freely available the Trusi's website www.bradshawfoundation.com The volunreer time spent by the Trustees cannot be readrly quantitied and valued. MaioT risks have been reviewed and syslem5 and procedures trtsve been estabb.shed to fflanaBe those risks. Public benefrt In Shaping the objertives of the charity and plannin8 our activitie5. the TrtJ5tees have Considered the Charity Cornrrission guidance on public benefit.The Foundation provides free online access to educational and research rnaterial on cave art. FINANCIAL REVIEW Princlpal funding sources The Founi53tion rece5¥ed 115 (lonotFon5 from other charitable trusts. The Trust also seeks donations from third partie5. n¥estment policy and objectives The Trustees have the power to invest excèss funds as thty think fit including the power to delegate the management of invesiments io 3 fin3ncia expert. Investment performance must be feviewed regularly and the investment policy reviewed at least once a year. The Trusi has not built up any 518nificant financial resourcea (Juring the period and doe5 not anti¢ipate holdin8 any funds tor tre foreseeable fuiure. Reserves policv The Trust's policy is 10 gener3te sufficieni funds and investmeni tncorne to cover expenditure each year. At the year end the re£eryes balance ivas Ei9.331. Page I The Bradshaw Foundation Report of the Trustees for the Perlod 5th September 2024 to 31st December 2025 FufuRE PiANS H3vin8 established The 8fadshaw Foundation as a UK re8iStefed charity the tfU5tee5 will attively Seek io enhance rhe user experience and extend the reach of the websiTe ￿ new users. rhe seiuiity of income from two sources and the introductron of donation Opt￿nS for users tsf the webstre will enable Infoimation io be added to the website on a more timely basis. STRUCTURE, GOVERNANCE AND MANAGEMEIIT fjo¥emin8 document The charity is controlled by ￿ governin8 document. a deed ol irust and Constitutes an unln¢orporated charity. Retruitment and appointment of new try5tses The number of Trustees shall not be le55 than ihfee. nor mofe than stx. Oornon (le La5zIo. as founder, Iw5 the power to aprA)int and remove Trustees during his life. After death Ihe5e PDwer5 vest in such person 35 he nomtrnales by deed of will. General Volunteers The Bradshaw Foundation has a numbor ol volunieers supportinB ihe trustees. by way ol scientific or other 5peti3list 3dNice or providing adrnifiistrarive seNices. BrTref Terms of the Trust The Trust Fund is held to apply the whole or any part as the TfUStÈe5, the¢r absolute discretion. think fit in o¢der to fulfil the obietts of the Foundation. REFERENCE ANO ADMINISTRATniE DETAILS Registered Charity nurnbei 12Q9897 Prlnclpal address 5 Albany Courtyar¢J Pi¢¢adilly Lc>ndon WIIOHF Trustees Damon de Lhszlo C8E DL Howard klighel Lucy 85rkbeck Prcjert Dlrertor Peter Robtnson Page 2 The Biadshaw Foundation Report of the Trustees for the Period 5th September 2024 to 31￿ Decernber 2025 REFERENCE AND ADMINISTRATIVE DETA115 Independent Examinèr Davic5 Sanders FCA Sheen Stickland Chartered Accountant5 2 Oriel Court Omega Park Alton amP5hire GU34 2Yt Advisers Robert A Hefner111 Approved by order ol the board ol trustees on .. and 518ned on it5 behalf by.. Damon de LaKlo C&£ DL- Trlssiee Page 3 Independent Examiner's Report to the Trustees of The Bradshaw Foundation Independent examiner's report to the trustees of The Bradshaw Foundation I report to the charity trustees on my examination of the accounts of The 8f3dshaw Foundatiort (the Trustl for the period 5th September 2024 to 31sr December 2025. Responsi1￿litIeS and basis of report As ihe chafiiy Irijstees of the Trust ¥ou are responsible for Ihe Pfeparation of ihe accounts in accordance with the reguirements tsf the Charities Act 2011 (the Act'l. I report in respect of my examination ol the Trust's a£counts £afried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission nder Section 14515llbl ol ihe Act. lfidependent examinei's statwnent I have completed my examination. I confirm that no ma%erial matters have come to my attention in connection with the exain¢n3fion giving me cause to believe ihat tn any material respect.. accountine recoids were not kept In respect of the Trusi as required by Section 130 of the Act.. or the account5 do noi aCCQTd with those reiord5," or rhe accounts do not comply with rhe applicable requirements concerning ihe form and content of occounts set OLrt in the Charities IA¢counts and Reports) Regvlationg 2CQ8 oiher than any requirernent that the accounts give 3 trye and 13ir view whith is not a matter considered 35 Part ol Èn iidependeni examination. I havÈ no concèrns and have come 3cr055 no other matters in connection with the examination to which attention should be drawn in thts repofl in order to enable 3 proper undef4tandin8 of the accounES to be reached. David Sanders FCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hamp5hirÈ GU34 2Yr Date.. Page 4 The Biadshaw Foundation Statement ol Financral Acllvitles for the PerSod 5th September 2024 to 31st Decefftber 2025 Unrestricted lund Nore5 INCOME AND ENDOWMENTS FR(ThM tlonations and legacies 168,049 Other income 1,666 Totsl 169,715 fXPENDmJRE ON Raising funds 494 Charitable attl￿ties Charitable activities 109,890 Totsl 110.3&1 NEf INCOME 59,33L TOTAI FUNDS CARRIÉD FORWARO 59.331 The note5 form pan of these fbnancial statements Page 5 The Bradshaw Foundation Balance Sheet 31st December 2025 Unrestricted fund Noies FIXED ASSETS Taftgible asseis 7,244 CURRENT ASSErs Stocks Debtors Cash at bank 1.881 112 53.344 55,337 CREDITORS Amounts falling due within one year 13.2501 NET CVRRENT ASSEf5 S2,087 TOTAL ASSETS LESS CURRENT iIABIUTIES 59,331 NET ASSETS 59,331 FUNDS Unrestricted funds io 59.331 TOTAL FUNDS 59.331 The financial statemènt5 were approved by the Board of Trustees and authori5ed for issue on . and were 5sgned on its bth3H bv= Damon de Laszlo CBE Dl- Trustee The notes form pari of these financial SiBtements Page 6 The Bradshaw Foundalion Notes to the Fsnancial Statement5 for the Period 5th Seplember 2024 to 31st De(ember 2025 STATEMENT OF COMPLIANCE The Br3dshavJ Foundation is an unincorporatea charity registered in England, charity number 1209897. The registered office is 5 Albany Courtydrd, Piccadilly. London. Wll OHF. The financial statements ale presented in steding Ivhich i) Ihe (Unclional Curren￿ ol ihe charity and rounded to the nearest ￿tt￿d. The reporting period is for the 16-monih period from 5th September 2024 to 31st December 2025. ACCOUNTING pouaES Basis of preparing the financial st3tÈments The financial 5taternents of the charity. which is a publ￿ benAfit entity under FRS 102. have been prepared In accgrdan£e with the Charities SORP IFRS 1021 'Account5ng and Reporting by Charities.. 5r3rement ol RecommèndÈd Prattice applicable to charities prÈp3ring their accounts In ac￿rdance with the FI￿￿ncial Reporting 5randard applicable in the UK and Republic of Ireland IFRS 1021 lemective l January 20191., Financièl Reporting Standard 102 'The FinancTral ResN)rting Standard applicable in the UK and Republic ol Ireland. and the Charities Aci 2011. The financial statements have been prepared Lsnder the htrstorical cost convention. The trustees consider that there are no mateTial uncertaint￿5 about the Foundation's ability fo continve 35 a gotng concern. The chèrity is considered a ÉoinÉ con£em due to the charity having sufficient cash to meet the chantable cummitrnents for at least 12 months Irorn the date ol approval ol these financial statements and th31 ihe chaiitrf has no fixed overheads that need to be cowered. Income All incorne is recognised in the Siatement of Financial Attivities onte the charity hès entitlement to rhe funds, It is wobable that the income ivill be fecewed and the amount be measured reliably. Intome from charitable activities Is recognised when the actNiTr takes place. All donation5 and other ftsrms of voluniary income are accounted for when received. Where income tax is rec131tnable. SLbch income is Included at the 8r055 amount. Expenditure Liabilities are recogni5ed as expenditure 3$ soon Js there is a legal Of constfuctive obligatton commillin8 the chanty to that expenditufe. it Is Pfobable rhèt o transfer of e(onomic benefits will be reouirecl in setilement ané the amount of rhe obligation can be measured feliably. Expenditure 15 acctsunled for oll an accru315 basis and has been classified under headings that 3￿regaLe all cost related to the category Where costs cannot be dtrectly artributed to particular he3dinES they have been allocated lo act￿￿tieS on a basis consistent viith the use of resources. Charitable artlvities C05t DI charit3ble activities i.1clude costs assocI3ted with recording. producing and archi¥irng research informarion on cave art Jnd earl¥ human de4elopmeni. They a150 incIL￿@ the c051 01 mainiainiiig and updatilig the charily 5 websile which 5eryes as o free public resource. Page 7 continued... The Bradshaw Foundation Notes to the Financial Statements- continued for the Period 5th Septernber 2024 to 31rt December 2025 ACCOUNTING PQLICIES. continued Support costs S¢Jppon cosrs are ihose funttions thal 3SSlSt the work of the charity but do Th)t directly vndertake charitable aciivitie5. Support costs include finante artd governance costs which support the Trusts programmes and aciivities. These costs have been albcated a5 Charitable activitse5. The breakdow ol support cost5 is set oui irj note 4. AIIoc8tion and apportionment of costs The m2jorify ol cost5 are directly aitriblttable to speciftc attiviries and are allocated on thts ba5SS. Overheads ère apportioned to direct and other expenditure on a basis aimed to reflect use. Tangible fixed assets Depreciation Is provided at the following annual rates in order io write off each a5sei over its estimated useful life. Computer Equipment on cosi Tangible a55ets are depreciare(4 over their useful eC0￿Mi( lives takin8 into a¢tount residual values, where appropriate. The useful lives of these 3s5ets are estim3ted b3sed on h*storic experience and future considelations and these are re-assessed annually. Any tain or105s arising on ihe disposal of an asset Is derefmined by the difference between the sale pro¢eed$ and carrying v3lue ol the assets, and Is credited or charged to the statement of financial activity- Stocks Stock5 are valueé at the lower of c05t and net rea115able value. after making due allowance lor ob501ete and slow moving Iterns. Taxation The cha."Ity is exempt fiom tax on its charitable attivTties. Fund accounting Unrestiicted lJr.ds can be used In accordarKe wilh the charita￿e objectives at the discretion of the trustees. Finaniial instruments The charity only has financial assets and financial liabilities of a kiftd that qualify as basic flfiancial instruments Basic financial Instruments are iniiially recognised ai iran5attion value and 5ub5equently measured at their settlement value. Page 8 continued... The 8radshaw Foundation Notes to the Financial 5tatements- continued for the Period 5th September 2024 to 31st December 2025 CRITICAL ACCOUNTING JUDGEMEpifs AND KEY SOURC£S OF ESTIMATION UNCERTAINTY The followin8 Judgements (apart from those tnvolving esiimatesl have been made in the proce55 of applwns the above aicounting policies that have had the most significant effect on amounts recognised the financial statements". Useful life of fixEd assets Tangible assets are deprev&ted ovef their usefLFI lives raking into account residual values, where appropriaie. The useful lives of these 3sseis are estim3red based on htstoric experience and future considerBtions. and ihese are re.asse$5ed annually. CHARrrABLE AcfiviTIES COSTS 2025 Support Costs Con5ulianrv Oonations Oepreciatton Travel IT C05rs Indeper￿ent Examin3-_¢on fÈe ALtounL111ty Bank char8es Sulldrie5 98,035 2,560 1.811 1,183 2.249 2,SLO 1.250 166 126 l(Yg.890 TRUSTEES, REMUNEIiATION AND BENEFITS There were no trLtstees' re￿u￿Er3tF0n 01 other benefits lor the period ended 31st December 2025. TrustÈes' expenses There were no trustees, expenses paid lor ihe period ended 31st December 2025. Page 9 continued.. The Bradshaw Foundation Notes to the Financial Statements- Continued for the Period 5th September 2024 to 31st December 2025 TANGIBLE FIXED ASSErs Computer equipment COST Addilions 9,OSS DEPRECIATION Charge for year 1,811 NEf BOOK VALUE At 31st OecÈmber 2025 7,244 STOCKS Sro(ks 1,881 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR ot￿r debtors 112 CREDITORS.. AMouNT5 FALUNG DUE WITHIN ONE YEAR Other creditors 3.250 io. MOVEMENT IN FUNDS Incomin8 Resources Resources Expended At 05.09.24 At 31.12.25 Unrestricted funds Gener31 fund 169.715 110.384 59.331 169,715 110,384 59,331 Page 10 continued... The Bradshaw FourKtatlon Notes to the Financial 5tatements- continued for the Period 5th September 2024 to 3tst D￿fflber 2025 ii. RELATED PARTY D￿cLosuRE5 A donation of £8,(￿ was received from The de Lasilo Ftsundation. which is a related party by virtue of two of its Uusiees, Damon de Laszb and Lucy Birkbeck. During the perigd. the charity recei¥vd a donation of £￿.482 from a related pèrty who holds a position of si8nificant influente within the £harity. The donation was made ¥oluniaril¥ and on normal terrns, iyith no cond(tions anached. 12. ULYIMATE CONThOLLING PARTY The charsry is ¢onirolled by its Trustees, and no one party conlrols ihe charity. Page 11 The Bradshaw Foundation Detailed Staternent of Financial Artivities for the Period 5th September 2024 to 31st December 2025 INCOME AND ENDOWM£NT5 Donations and legacies Donations 168,049 Other income Other Incorne 1.666 Total incoming resources 169,715 EXPENDITURE Other tradlng activities Purchases CIos1ng stock 2,37> 11.8811 494 Charltsble artivlties Sundries Consultancy fe Donation5 126 98,035 2.560 2.249 1,183 L,811 Travel Computer equipment 105.964 Support costs FIrta￿e Bank charges 166 Governance costs Accountancy and legal fees 3,760 Total resouices eypended 110,384 Nei income 59.331 This page does not form part of the statutory financial statements Page 12