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2025-09-16-accounts

Trustees’ Annual Report for the period

From 17 September 2024 To 16 September 2025

Charity name: The BMS Foundation Charity registration number: 1210434

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 As per objects in deed standard objects are:
The objects of the charity are for the public
benefit to further such exclusively charitable
purposes according to the laws of England
and Wales in any part of the world (objects)
as the trustees may in their absolute
discretion think fit.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 In furtherance of the charity’s objects for the
public benefit the trustees provide grants.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 During the year under review the charity
made grants to the following charities:
-
Coach Core Foundation - £15,000
-
East London Business Alliance -
£13,200

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 In addition to the free reserves the charity
has bank balances of £45,190.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Trustees pursue a policy of maintaining
a free reserve available to be spent in the
furtherance of the charity’s objectives as
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22 At the end of the reporting period the charity
had free reserves of £900.
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 No funds in deficit
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A
Additional information (optional) Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal Para 1.47
sources of funds (including
any fundraising)
Investment policy and Para 1.46
objectives including any
social investment policy
adopted
A description of the principal Para 1.46
risks facing the charity
Other Expendable endowment funds are those
which are required to be invested to produce
income, but which may be transferred to
unrestricted funds at the discretion of the
trustees in order that they may be expended
in furtherance of the charity’s objectives.
Unrestricted income funds 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.
Structure, Governance Structure, Governance and Management and Management
Description of charity’s
trusts:
Type of governing document Para 1.25 Trust deed dated 17 September 2024
How is the charity Para 1.25 Trust
constituted?
Trustee selection methods Para 1.25 Trustees are appointed by the trustees from
including details of any time to time.
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51 No trustee received any remuneration or
was reimbursed for any expenses in the
year under review.
Ludlow Trust Company Ltd was paid £1,669
for
trust
administration
and
cash
management fees during the year under
review. These fees are authorised under
clause 9 of the trust deed.
Other

Reference and Administrative details

Charity name The BMS Foundation
Other name the charity uses None
Registered charity number 1210434
Charity’s principal address Ludlow Trust Company Ltd
Tower Wharf
Cheese Lane
BRISTOL
BS2 0JJ

Names of the charity trustees who manage the charity

1
2
3
4		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Ludlow Trust
CompanyLimited
Ian Gormley Appointed 23 October
2024
Hannah Watkins Appointed 23 October
2024
Neil Prior

– Corporate trustees names of the directors at the date the report was approved

Director name
Gary St John Collins
Walter Duncan Coxon
Ali Reza Sarikhani
Ziba Christine Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis (Resigned)-25/10/2024

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 N/A
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser
Name
Address		 Type of adviser
Name
Address		 Type of adviser
Name
Address
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton St, London
WC2R 0LR
Independent examiner James O’Rourke Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Monica Brown Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited (Trustee) Date 20 March 2026

The BMS Foundation The BMS Foundation The BMS Foundation 1210434 1210434 CC16a
Receipts andpayments accounts
For the period
from		 17/09/2024
Period start date		 To 16/09/2025
Period end date
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
949
-
949
-
-
-
949
28,200
1,620
49
29,869
-
-
-
29,869
- 28,920
29,820
-
900		 Restricted
funds
to the nearest £		 Endowment
funds
to the nearest £
75,010
-
-
75,010
-
-
-
75,010
-
-
-
-
-
-
-
75,010
- 29,820
-
45,190		 Total funds
to the nearest £		 Last year
to the nearest £
Addition from Settlor - 75,010 75,010 -
Interest Received 949 - - 949 -
- - - - -
Sub total(Gross income for
AR)		 949 - 75,010 75,959 -
A2 Asset and investment sales,
(see table).
Sale Of Investments - - - - -
- - - - -
Sub total - - - - -
Total receipts
A3 Payments
- 75,010 75,959 -
Grants Awarded 28,200 - - 28,200 -
Trust Administration Fees 1,620 - - 1,620 -
Cash Management Fees 49 - - 49 -
**Sub total ** 29,869 - - 29,869 -
A4 Asset and investment
purchases, (see table)
Investment Purchases - - - -
- - - - -
**Sub total ** - - - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- - 29,869 -
- 28,920 - 75,010 46,090
-
29,820 - 29,820 - -
- - - -
900 - 45,190 46,090
-

CCXX R1 accounts (SS)

20/03/2026

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B4 Assets retained for the
charity’s own use
B2 Other monetary assets
B1 Cash funds		 Details Unrestricted
funds
to nearest £
-
900
-
900
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Endowment
Fund to which
asset belongs
Fund to which
liability relates		 Restricted funds
Endowment
funds
to nearest £
to nearest £
Capital Account - - 45,190
Income Account 900 - -
- - -
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 900 - 45,190
OK
OK
Restricted funds
Endowment
funds
to nearest £
to nearest £
- - -
- - -
- - -
- - -
- - -
- - -
Details Cost (optional)
Current value
(optional)
Investment Portfolio Endowment - -
- -
- -
- -
- -
Details Cost (optional)
Current value
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Details Amount due (optional)
When due
(optional)
-
-
-
-
Signature
Date of
approval
Print Name
Monica Brown on behalf of Ludlow Trust
CompanyLimited(Trustee)
 20 March 2026

CCXX R2 accounts (SS)

20/03/2026

2

Independent Examiner's Report to the Trustees of The BMS Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 16 September 2025

Responsibilities and basis of report

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

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

James O’Rourke FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date

23 March 2026