SBRIDE
FOL'NII.ITITrP4
TRUSTEES
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THEYEAR ENDED 30 JUNE 2025

SBRIDE
4 8r,de four.IA'.Ini'
tY￿?.Tra￿hY
INTRODUCTION
The past year has marked a period of meaningfid advancernent for St Bride Foundatio￿ Our
commitment to uniting print heritage with contemporary practice continues toguide ourwork, and
this report sets out OUT progress, priorities, and the evolving context in which we opernte.
We would particularly like to acknowledge the generous legacy left by forn)er Thjstee and Chair,
Emeritus President Peter U)n8land, whose contribution reflects his enduring belief in the
Foundation* mi&gion and w]1 strengthen our long-term sustainability.
For over130 years. our historic home at 14 Bride lane has served &8 a centre for creativity, learnlng.
and community en￿geMent. This year also marked the progresgion of our redevelopment pla￿5.
with the Foundalion reaching the endof RIBA Stage 2. layingthe groundwork fora significant
renewal of our Grade II lfisted building. Further details ofthis transforn]ative work set out later in
this report. Today, we welcome 43,000 visitors annually to explore our extensive collection of more
than 60,000 items, preserved along 2.5 kilometres of bookshelves.

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FI1￿*D4T1O
VISION AND MISSION
We brin.g langiiage to life,
Through print, design. and perforniance, we connect the past. present, and future.
Our vision
Shapingan inclusive ￿t￿re for the creative industries through print, desigm and perfornoDCe.
Our mission
To inspire. infonn, and empower creati￿ty through access to print heritage, learning
opportunities, and spaces for collaboration. expression, and perforniance.
YEAR IN REVIEW- ENGAGINGOURCOMMUNITIES
This year has demonstrated the enduring relevance of our mission through meaningful
engagement across all our activities.
Our learning and engagement activities reached over 3,500 participants. reinforcingst
Bride Foundation5 role as a dynamic hub for creativity. craft, and community.
Libra"i arid =oile"Iioi's en4dapTe-I
Our Librdry Continued to serve as a vital resource for researchers. practitioners, and enthusiasts.
We welcomed 224 Nrysitors, who ell￿ged directly with OUT collections and explored 1,146 items.
including printed materials, archives. objects. and tsTr)e specimens. Our digitsl collections also
continue to expand their reach. wth 14,421 online views this year- a testament to the global
interest in, and accessibility of our resources.

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IOUIiJATiof4
Our learnÉngand public pro8ramme continue to attract a diverse range of audiences. Acn)ss the year.
we delivered El tours. 27 workshops,16 talks and special events and 42 private group visits. These
visits included unRversÈtyand college cohortS* youth and communitygroups as well as design
agencies, reflecting the broad appeal of our collections and expertise.
Ouracclaimed tslks progrdmme remains a vital meetingpolnt for ourcommllnity of designers.
letterpress printers. and the wider public. A particular highlight wasouraunual conference, themed
Outside the Lines. which explored the intersections of digital and physical media. The event brought
togetherspeakers and audiences to discuss subjects r￿n￿ng from augThented reality and illustration
to album design, zines and paper engineering.
"One of the most inspirational design events of the year, always full of wit and wisdom, in the
gorgeous surroundings of the unique St Bride Library. Not to be missed!-
-A1ittiLirH(￿1, Wemade Thi¥
Our signature Wayzgoose once again proved to be a highlight ofthe year, drawfing over300
attendees and raising vajuable funds to support the Foundation. This much.loved
celebration of letterpress printingoffered valuable networking opportunities and
showcased the continued vltslity of traditional printing techniques in contemporary desi
practice.

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F(bl ¥D4YION
We hosted our usual vibrant prO￿amMe of shows this year at The Bridewell Theatre.
welcoming a total of18,620 visitors to 23 productions across 38 weeks. We also made our
debut at the Camden Fringe, planning 13 productions to take place across the festival in
August. We are proud to support our theatre community. welcoming mostly amateur
cornpanies who are re￿stered charities, and educational institutions.
aT oJr
Building d Sustainable future
Our comJnitnient lo long-terni sustainability has moved from planning into delivery. Over
the past year we have begun implementing the comprehensive strategies that will secure the
Foundation's future while expandingour charitable impact. Through careful analysis and
structured action, we are buildingon our strengths while addressing the key challenges
ahea(L
A trarslormative busii'ess plaii
With the business plan now fully developed. this year marked the beginning of its implementation.
To drive this work fonvard, we appointed a full-time Fundraising Manager to lead income
generation and strengthen our long-lerm financial suslainability.. 14Te also commenced recruitment
for the additional roles identified within the plan, ensuring we have the OTganisational capacity and
expertise required to deliver its priorities. The business plan now provides the framework guiding
our transfonnation and shaping how we serve our community.
Our collections and learning progrdmmes stand at the heart of our strategy. We recognise
the need to significantly expand our learning offerings to provide better acces5 to our
unique collections and engage wider audiences. Our comprehensive review of current
programming will infonn how we can better serve our communities through innovative
learning experiences that connect our heritage to contemporary practice.
Fundraising, memberships, and partnerships form the foundation ofour financial
sustainability. We are developing a structured approach to fundraising that includes clear
timeframes and targets. This work encompasses individual ￿￿illg, corporate partnerships.
and gTants and trusts funding, ensuring we build diverse and reliable revenue streams that
support ourcharitable objects.

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F'OLiltD4TIOPt
Improvements to ourbuilding represent a critical investment in our ￿ture. Ourstrategy
carefijlly balances the need to repairand maintain ourGrade II listed bulldingwth
opportunities to generate additional revenue through strategic use of our spaces. This
approach aligns ourcapital improvements with our learningpro8Tammes and funding plans.
ensuringevery investment supports ourbroader mission.
Collection Commerci￿)sati¢%n presents excitingopportunities for growth. We are developing
plans to build a licensing busine&s, create hwh-end products that celebrate our heritage, and
organise innovative fundraising events. These initiatives will create newrevenue streams
while sharing our eollections with broader audience&
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Investing In our futlAre.
To support ourambitious plans, we are maiangstrategie investments in several key areas.
Our people and infrastructure remain central to our success.
OurfundTaising strategy takes a comprehensive appToach to financial sustainability.
Essential maintenance and building investment. to serve our communities better.
Development of sustAinable commerciaj m(Klels- to weather economic cycles.
Strategic renovations- to create rentable space&
Phased implementstion of fundrnisingactivities- to build sustainable operation&

S'BRIDE
TRANSFORMING OUR SPACES
.￿nIVe•S1o￿ t-
Transforming our H storic Home
This year marked m4ior progress in the redevelopment of14 Bride IAne, the Foundation's historic
home and the centre of all our eharitabl¢ and commercial activity. The building is not only the heart
of our collection, learning, and Theatre,. it is also our primary source of revenue through office
lettings, events, theatre PToductions. workshops. and talks. Ensuring its long-term sustainability is
therefore fundamental to the future of the Foundation.
We reached a significant milestone ￿ryth the completion of RIBA Stage 2. moving from initial
feasibility into a clear and deliverable design direction. Workingwith Roz Barr Architects, the
emerging proposals set out a transformative vision for the building. These plans include
architectural restoration, environmental upgrades. and essential aCCe￿ibIlity improvements.
enablingthe Foundation to serve a wider and more diverse community.
To infom this work, we also commissioned Ritche . Daffin, and Price & Myers amongothers. to
undertake detailed technical studies, including assessments of strnctural interventions and the
feasibility of insta]linga lift. Their compTehensive analysis has provided robust data on construction
options and costs, benchmarked against Comparable heritage projects. This eTridence.led approach
ensures that our decisions respect the buildings historic chardcter whilst considering its
en￿ronMental sustainability in preparing it for fvture generatio￿.
The redevelopment will not only streng1hen our commercial offer but also ensure that our
collections are more accessible, and that visitors, researchers, and partners experience a refreshed
building that reveals and celebrates the Foundations beautiful Victorian architecture- creating a
welcotning. inspiring, and ￿nCtIOnal environment for all.

FLEET STREETQUARTER TRANSFORMATION
St Bride Foundation stsnds at the centre of an unprecedented transforniation in the Fleet Street
Quarter. With over 29 new developments delivering 7 million square feet of space and an estimated
value of £5 billion by 2030. we are uniquely positioned to serve an additional 3&000 dailyvisitors to
the area in the next 2.4 years. Our strategic presence on the Fleet Street Quarter BID board and
several Steeringw>u￿S ensureswe remain at the forefront ofthis evolution.
STBRIDE FOUNDATION
The Foundation, a Tegistered charity (Number 207807), is now regulated by a Scheme sealed
by the Charity Commission for England and Wales on 14th September 2013. This replaced
and codified a Scheme made underthe. City of London Parochial Charities Act 1883 on 23rd
Febrnary 1891, as modified by subsequent Schemes of the Charity Commi&sion for England
and Wales. The 14th September 2013 Scheme replaced the Foundation¥ Governors Icharity
Thjsteesl v/ith a sole trustee company, St Bride Foundation Limited with imTnediate effect.
Ohip.r.t* of the Iniindatinn
The objects of the chwity are. forthe public benefit,
A. the prevention or relief of poverty in IA)ndon byproviding ￿ants and services to
indlviduals in need alld/or to charities orother organisations working to prevent
or relievepovety,
B. the advancement of education in printing, the print media llnd related subjects. by
providingsuitable COUT5es, conferences and lectures and by maintaining and making
avaSlable the charitys printing resources and archives at St Bride Library: and
C. the provision and malntenance of facilities forrecreation or other leisure time
occupation for the inhabitants and WOTkeTS of the area of benefit, in the interests of
soeial welfare and with the object of improving theircondition of life, includingby
the provision of theatre. dance and other artistic perfonnances and exhibitions.
GOVERNANCE AND LEADERSHIP
n¥ e+ Rridp. fniiprl?ti)-. Tri.'%t P,rJmP1P, l im..tn.d
The Governors who served as Governors of the Trustee Company during the year
to 30th June 2025 and up to the date of signingthe Report were:
Current board memberq
B Chilcott IDeputy Chairl
Reverend G W Craig
Reverend Canon Dr AJoyce
A Swatridge
P Sadler (Trustee Treasurer)

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M Jordan Ichairl
K Kirton
M Scott (Appointed 25 September 20241
W Rouse (Appointed 16 July 20251
ftesi8ned members
Reverend C J Bamforth.Damp IResigned 26 February 20￿)
N J Barker OBE IResigned 26 February 20251
T Duong IResigmed 14 May 20251
A Stavro (Resigned 30 June 20251
A Patel (Resigned 26 November 20251
Seci?ta". y
J Hall
Executive team
The executive team c￿ry out the policies and directions of theTrustee Company and manage
the day-to-day activities of the Foundation.
Rplated parties
Disc105ures in relation to related parties are included in the notes to the financial statetnents.
Finance Commitl8e
P Sadler li_Dnimittee. Qhairl
M Jordan
M Scott
ALee IPr)Iillild".I'.i'-
r3.',a.4AI'I
J Hall (Tr'inanee M li h ilyerl
The purpose of the Committee is the review and recommendation for approval bythe
Trustees of the annual financial statements, budgets, and major capital expenditure
proposals as well as the regular review of the perforniance of the investment managers. It is
also responsible, on behalf of the Trustees, for the periodic re￿eW and selection of
professiotwl advisors.
The Committee remit allows for at least five members, of whom three should be Trustees of
the sole Trustee company. The Committee shall have the power to Co-opt non-Trustees with
appropriate skills to benefit the Committee. The quorum shall be three of which two must be
Trustees.
The Fin2nce Committee started meeting win on 25 November 2024 and met a further
three times duringthe 2024/25 financial year.

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FOLITIDIT1014
TRAINING AND RESPONSIBILITIES
The Trustee Company Directors are responsible for the governance, direction and
supervision of the Foundation. On appointment to the Board of the Company, all Directors
undergo an induction into work ofthe Foundation and trainingto ensure they are aware of
their responsibilities as company directors. Directors are encouraged to attend training
se&8ions to ensure they are updated on any change in govenwice policy and relevant
legislation.
RISK MANAGEMENT
The Trustees have assessed the m4ior risks to which the Foundation is exposed and are
satisfied that systems are in place to mitigale exp￿re to the m￿Or risks. This cove￿ Financial.
governance. operational and reputational risks. During the year the Members of the Board
continued to work with the staff ofthe Foundation to put in place m8J)agement and operational
procedures to mitigate these risks. Additionallyp a more detsiled Risk Registerwas produced
with the help of a Risk Consultant.
The Tn￿tee$ have a risk management strategy which comprises:
A. The establishment of policles. systems and procedures to mitigate the risks
identified in the annua] review.
B. The implementation of procedures designed to minimise or manage any potential
impact on the charityslwuid those risks mateiia]ise.
C. An annual review of the principal risks and uncertainties that the Foundation and
its subsidiary BTidewell Centre Limited faces.
The annual review has identified that financial and long.terni sustainability are the most
significant risks for both the charityand its subsidiary. Regular monitoring ofthe forward
order-bool4 including trend5 around different income streams and cost Control continue to
be the paramount risk management 5￿tegieS. Monitoring the forward order-book is the
most effective predictorof forward Income generation against budgetary targets. and this is
monito￿d by the Boan
Anothe.r Si￿nIfiCant risk relates to potentia] realised and unrealised losses of the Foundation
investments. The investrnents are managed on a total return basis such, that it is preserved
for the long.terni over multi-investment cycles in real tenns. The Trustees take professional
d￿ce from their investment advisers on:
The market. investment trends and yield and the prospect for future capital growdL
B. Opportunities to Incre￿ the real value of the Capital Fund (after expenditure) by
balancing market return ￿th active management to out-perforni markets.
Jo

S'BRIDE
C. Spreading risk by avoiding undue concentration of investments Vis a a&8et
classes, sectors or economies, and to pool investments in selected fund8.
Additionally. the Foundation externally benchmarks the current Investment Manager s
comparative perfurmance at least every five years. Attention is also focused on non-financial
risks which largely fall into hvo categories:
The. Tnaterial risks affecting comme.reial activities le.g. potential floodingof
premises or failure of technical equÈpment arising from poor Tnaintenance
programsl.
The risks arising from poor tnanagement of the Foundations assets le.g. the
declining usefulne&% and relevance of the collections through failure to adequately
invest in the learning pro8Tamme as a way to engage the public with the
collection.
OBJECTIVES AND ACTIVITIES
It is the policy of the Board of Governors of the Trustee Company. having regard to the
guidance of the Charitycommission, to develop and expand the public benefit in a manner
that is compatible with the charity's long.term financial stability and within the stated
objects of the Foundation. In particular Ibut not exclusivelyl the policy is to-
A. Improve acce.ss to and publir. be.nefit of the. printing heritage collec.tion,
library and archive. Also, to involve members of the public in the actiNrities of the
Foundation and to develop income to help sustsin it as part of the national cultural
heritage.
B. Involve the community in all the activities of the Foundation and to develop a
learning programme related to the printing heritage library and archive through
lecture8, tours and workshops.
C. Carry out a full review of the collection* contents and resources and develop a
plan for curatson and display in the future.
D. Develop the conference and events and the theatre activitie.s to improve the pub15c
benefit provided and to generate sufficient additional income to sustain and
develop the Foundationts otheractivitie&
E. Develop fundraisingcapability for ￿ndIng ofcapital projects and a sustainable
voluntary incovne stream.
F. As part of the company's policy ofencouraging members of the community to be
involved with the Foundation, the Trustee Company recognises the. significant
contribution snade by our committed volunteers, w'ho have helped ￿7th
preservingand researching the archive, providing guided tours. running
workshops, the curating of exhibitions and have undertaken a wide range of
research projects.

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FOI NDITIOli
G. Aim for an annual surplus on unrestricted funds until unrestricted re$erves reach
a sum equivalent to six months, expenditure.
SUBSIDIARY UNDERTAKING
Bridewell Centre Limited. a wholly owned subsidiary of St Bride Foundation. commenced
tradingon l July 2010. The results of the company are shown in note la
INVESTMENT POLICY
The Foundation continues to seek to maximise total return whilst preserving the eapital of
the fund. Ill order to meet this aim, the investment portfolio is of a prudent nature avoiding
over concentration in individuaj investments and is invested across &86et ¢I&￿e8 to mitigate
exposure to any one investment category. Although the Foundation accepts that investment
iDvolves some element of risk, the overall portfolio has a balanced approach across asset
classes and markets in order to avoid excessive risk
On 28th November 2017the Trustee Company fonnally approved a Tesolution to adopt a total
return approach to the investment lund. When a total return approach to investment is
adopted, the pernlanentlyendowed funds are invested to produce an investment return
without regard to whether that return is in the forn] of income l&g. dividends or interestl or
capitsl appreciation.
The investment return initialty forn]s a component of the endowment fimd kuown as the
'unapplied total return.. The Trustees then periodically deterniine how much of the
'unapplied total return. is released to income for spending and how much is retained for
investment as a component of the endo￿rynent. This allocation must be made equitably to
balance the need for Sncolne to meet current requirements and to hold ￿ndS as part of the
endowment to produce investment returns for the ￿tU￿.
At present. the main objective of the endowment fund is to provide a sustained level of
income to support the foundation's charitable activities. As tradingperniits. less will be
drawn down from investments to cover any shortfall in fundin
The Total Retun] gTOWth target forthe Foundations portfolio is CUTrentty CPI + &5%.
The Finance Committee has monitored the perforniance of the Fund Manager. JM Finn &
Co, and will be carrying out a fornial review of the investment mamagers perfornwice
duTing 2025r26 agdinst market benchmarks. J M Finn & Co makes annual presentations to
the Finance Committee and their quarterty written reports are circulated to all members of
the Finance Committee.

REMUNERATION POLICY
Our approach to remuneration is designed to ensure we can attract and retain the talented
and motivated people we need to achieve our mi&%ion and deliver our strategic goals. It is
applied consistently across the or￿￿nISatIon. We aim to pay competitively in the not- for-
profit seetor within the context of affordability and to ensure no-one is paid below the
current London Livingwage.
RESERVES POLICY
The Board of Governors of the Trustee Company regularly review the reserves policy and
had previously agreed to hold sufficient unrestricted funds to equate to six monihs.
unrestricted running costs, which is approximately £435,600.
At 30 June 2025 the Charity had £8,392k in total funds comprising of n.903k in restricted
Pernianent End0￿￿nent funds, £50k in otheT restrieted funds and unrestricted ￿ndS of
£439k
Of the £7,903k Pernianent Endowment ￿nds, £4,526k are represented by FixedA&sets,
£2,852k are represented by Investments and £525k represented by Net Current Assets.
The Pennanent Endowment is comprised of two funds the General Endowment and the
Eleemosynary fvnd. The Eleemosynary fund was originally set up to provide pensions and
grants for poorpeople who have lived orworked within the defined charitable area. In view
of changes in the population within the local area since the start of the twenty first century,
it ha5 proved increasingly difficult for St Bride Foundation to find appropriate recipients for
the funds. with no fun(Ls beingdistributed for at lei%t fifteen years. The Board approved the
transfer of the Eleemosynary Fund to St Brides Church in September 2025 as it had a better
network to use the funds for its intended pun)ose.
FUNDRAISING POLICY
Under the Charities (Protection and Soci2] Investmentl Act 2016, the Tn￿eeS are required to
report on how the Charity conduets its fundraising acti￿tieS, therefore at the heart or
F(bundation's fundraising ethics lies the need to ensure its integrity and the trust of the donor
are not violated. There is also a need for the Foundation to ensure that it does not expose
itself by acceptiiig donations from questionable or inappropTiate sources.
The Foundation does not currently participate in a fornial fundraising scheme and so does
not receive a sigTJificanl level of donations. Donations received are primarily voluntary
Contributions received from lectures and talks organised by two groups ofsupporters. the
Friends of St Bride and Type Tuesday. It also receives occasional donations from
organisations operating in the printing related and graphic design sectOTS.

S'BRIDE
FOLIYlbAT1014
The Charity did not receive any complaints about It5 fundraisingactiiryties during the year.
The Foundation does not accept donation5 where it has reason to believe that the donor may
be experiencing vulnerable circurnstan￿s and acceptingthe donation would be ethically
wrong and/or hannful to the donor.
St Bride Foundation receives donations via the followi￿.
Friends Membershipscheme.
Individual donors.
The Foundation undertakes various fundiaising activities such
Sponsorship opportunities e.g. sponsoringlearning
actiNities such as talks and conferences.
Corporate membership scheme.
Funding application&
FINANCIAL REVIEW AND GOING CONCERN
At 30 June 20￿.
The cash held bythe Foundation was É325.28112024 £118,689).
The Foundation had free reserves of É51.030. (St Bride Foundation usual]y defines this
as unrestricted ￿ndS le￿ tangible fixed assets excluding land amd buildings however.
for this purpose the Work in Progress a&5ets have also been treated as Land and
buildingsince they relate to consultancy c(ksts fora proposed maior building
developmentk
Net outgoing resour￿ before movement on investments of gains£42,200.
After gains on investments of £39.914there was a net decrease in funds
of £2,286.
The group has unrestricted General Funds of £&38,868 and Net Current Assets of £328,499 at
30th June 2025.
The Trustee believes that the organisation is a goingconcern and have prepared the accounts
on that basis for the following reasons:
Investment in a slightly expanded staff team. including the appoiDtment of a
Fundraising Manager, with a specific focus on income generation and efficienry ￿Ins.
B. PrepaTrtion of both an annual budget and a longertenn budget indicatingduring
October 2024 the Charity reeeiveA an interim pa￿ent £494,047 on a legacy from the
estate of Peter Longland which is likely to be approximately£575,000 in total. The
balance on legacy is likely to be received before the end of 2025
C. The charity has a significant permanent endoNNrynent and a Total Return policy was
adopted in 2017 to provide greater flexibility for the timing of investment in the
Foundation s facilities. and to help move the Foundation to a sustainable business
model. The implementation of the Charity Act 2022's provisions will further enhance
Ihe flexibility ihe Foundation has in accessing its pernianent endowment funds.

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FflL¥D4TIOY
REFERENCE AND ADMINISTRATIVE INFORMATION
Rpgistered name
St Bride Foundation
Register ed charity iiuinL)&r
207607
Tru8t8
St Bride Foundation Thst Lirnited
Inon-charitable Trust Corporation)
Principal address
Bride IAne
Fleet Street
IA)ndon
EC4Y 8EQ
Bankers
Royal Bank of Seotland
RBS Business Banking
PO Box16204
Birniingham
B2 2WP
Sr)Iicitorg
Bates Wells Braithwaite
2-6 Cannon Street
IA)ndon
EC4M 6YH
Auditoi
Azets Audit Services
Re￿$ House
45 King William Street
London
EC4R gAN
Investment advisers
JMFilln&CoLtd
4 Coleman Street
IA)ndon
EC2R STA
Custodian Truslees
J M Finn Nominees Ltd
4 Coleman Street
IA>ndon
EC2R STA

SBRIDE
FOI'ND.ITION
STATEMENT OF THE TRUSTEE'S RESPONSIBILITIES
The Th￿te.e Is responsible for prewing the Annual Report and the financial statemellts in
accordance with applicable lawand regu]ations.
Charity law requires the ￿stee to pretkve financial statements for each financial year in
accordance with Unfited Kingdom Generally Accepted Accounting Practice (United Kingdom
AccountingStandaTdsl and applicable law.
Under charity lawthe Trustee must not approve the financial ststernents unlessit is satisfied
that they give a true and fair view of the state of affairs of the group and charity and of the
group's net outgoing resources for that period. tn preparingthe5e financial statemen14 the
ThL8tee is required to:
A. select the most suitable accounting policies knd then apply them consistently.
B. observe the methods and principles in the Charities SORP.
C. make judgments and estimates that are reasonable and prudenL
D. state whether applicable accounting standards have been followed. subject to any
material departures disclosed and explained in the financial stalements.
E. prepare the Financial staternents on the goingconcern basis unless it is
inappropriate to presume that the ￿0Up and ch￿lty will continue to operate.
The Thlstee is responsible foT keepingproper accounting recoTds that are sufficient to show
and explain the group and charity's tra￿CtionS and disclose with reasonable accuracy at any
time the financial position of the gTOUP and charity and enable it to ensure that the financial
statements comply with the ch￿ltieS Act 2011. It i5 also responsible forsafeguarding the
assets of the group and charity ensuring theirproper application under charity law and hen
for talong reasonable steps for the prevention and detection of fraud and other irregularlties.
Approved by the Trustee Company and signed on its behalf on 10 December 2025 by.
Mark Jordan
Th￿tee and Chairof St Bride Foundation Th￿t Company acting as sole TDJstee.

INDEPENDENT AUDITOR'S REPORTTOTHETRUSTEEOFSTBRIDE
FOUNDATIONFOR THEYEAR ENDED 30JUNE2025
We have audited the financial statements olst Bride Foundation Ithe'charity'l for the year ended 30
JuDe 20￿ which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash Flow
Statement and notes lo the financia] statements, including significanl accountingpolicies. The
financial reporting frnmework that has been applied in their preparation is 2pplicable law and United
Kingdom Accounting Standards, including Financial ReportingStandard102 The FanaT￿la1
Reportingstandardapplicable in the UKandReptthlicofIreland (United Kingdom Generally
Accepted Accounting Practieel.
In our opinion thefinancial statements..
Give a true and fair view of the state of the charity 5 affairs as at 30 June 2025, and of
its incoming resources and application of resources, including its income and
expenditure, forthe year then ended-
Have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice" and
Have been prepared in accordance vrith the requirements of the Charities Act 20ll.
Basis for Dpinion
We conducted OUT audit in accordance with International Standards on Auditing IUKI IISAS
IUKII and applicable law. OUT responsibilities under those standards are further described in
the AudltorJTavpoll￿bL1itie1￿0rthe audit oftheffina￿1QIsÉQtÉThents section ofour report. We
are independent of the charity in accordanee with the ethical requirements that are relevant
to ouraudit of the financial statements in the UK. including the FRC'S Ethical St￿dard. and
we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit eNidcnce we have obtained is sufficient and appropriate to provide
a basis for our opknion.
-p ,- Jfjcoyn
In auditing the financial 5latements. we have concluded thai the Tn￿tee,$ use of the going
concern basis ofaceounting in the preparation ofthe financial statements 15 appropriate.
Based on the work we have perfornied, Th'e have not identified any material uncertainties
relatingto events or conditions that. individually or collectively, may cast significant doubt
on the charity's ability to continue as a going concern fora period of at least twelve months
from when the financial stalements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern
are desc.ribed in the relevant sections of this report.
Other Information
The other infomation comprises the infornjation included in the annual report other than
the finanLial stalements and ouraudiior5 report the.reon. The. Trustees are responsible for
the oiher information contained within ihe annual report. Our opinion on ihe financial
statement5 does not cover the other information and we do not expTess any form of
assurdnce conclusion thereon. Our responsibility is to read the other infornlation and, in
doing so, consider whether the other information is materially inconsistent with the

S'BRIDE
FOI'Ptt14TIQ
finaneial staiements or our knowledge obtained in the course of the audit. or othernise
appea￿ to be materially mis8tste(L If we identifysuch material inconsistencies orapparent
material misstatements. we are required to deternline whether this gives rise to a materi31
n)isstatement in the fiTwicial statements themselves. If, based on the work we have
perforn]ed, we conclude that there is a material mi&statement of this other infornution, we
are required to report that fact. We have nothingto report in this regard.
We have Dothing to report in Tespect of the following ￿￿tter5 in relation to which the Charities
IAccounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
The infonnation given in the financia] statements is inconsistent in any material
respect with the Thtstee's repor¢ or
The charity has not kept adequate accounting records; or
The financial statements are not in agreement with the accountingrecords and
returns,. or
We have notreceived all the infornwtion and explanatlons we require for our audit.
RÈ£pnns.SilitiOS nf TrLS8tpp
As explained more fully in the TThstee's respoTrsibilities statement, the Tnwtee is responsible
for the prepardtion of the financial statements and for beingsatisfied that they Bive a trne
and faIr￿eW, and for such internal control as the t￿stee deterniines is neceswy to enable
the preparation of fmancial statements that are free from mateiial misstatemenl, whether
due to fraud or error. In preparing thc financial statements. the Trustee is responsible for
assessing the charity's ability to continue as a goingconcern, disclosing, as applicable.
matter5 related to goingconcem and using the going concern basis of accounting unless the
Trustee either intends to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
ALiditor's resi)onsihiliti?s fr)r the ai Idit of thp fin8nr.ial tlatempnl#
We have been appointed as auditor under section l&$ of the Charities Act 2011 and report in
accordance with regulations made under section 154of thatAct.
A ftuther description of our responsibilities is available on the Financial Reporting Council's
website at.. https://www.frc.org.uk/auditorsrespoDsibilities. This descriptioD forn￿ part of
our auditor's report.
Extent to which the audit wa5 considered capable ol detecting Irregularities, Including fraud
Irregularities. including fraud, are instances ofnon-compliance with laws and regulation&
We design procedures in line with our responsibilities. outlined above and on the Financial
Reporting Council s website, to detect material misststernents in respect ofirregularities,
including fraud.
We obtaln and update our understandlng of the entity, its activities, its control envfronment.
and likely future developments, Including in relation to the lega] and regulatory framework
applicable and how the entity is complyÉng with that framework Based on this understanding.
we identify and assess the risks of material misstatement of the financial statements. whether
due to fraud or error, desi￿ and perfonn audit procedures responsive to those risks. and
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This

SBRIDE
Foii%f)AT117N
includes consideration of the risk of acts by the entity that were contrary to applicable laws and
regulations. including fraud.
In response lo the risk of irregularities and non-eompliance with laws and regulations,
including fraud, we designed procedures which included..
Enquiry ofmanagement and those charged with governance around actual and
potential litigation and claims as well as actual, suspected and alleged fraud-
ReNryewing minutes of meetings of those charged with governance;
Assessing the extent ofcompliance with the laws and regulations considered to have
a direct material effect on the financial statements or the operations of the company
through enquiry and inspection:
Reviewing financial statement disclosure5 and testing to supporting documentation
to assess compliance with applicable law5 and regulations.
Performing audit work over the risk of management bias and override of controls,
including testing ofjournal entries and other adjustments for appropriateness,
evaluating the business rationale of S]￿lficant transaciions outside the normal course
of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk thal we will not detect all
irTegularities. including ihose leading to a rnaterial misstatement in the f￿anCIal statements
or non-compliance with regulation. This risk increases the more that compliance llrith a law
or regulati(In is removed from the events and transactions reflected in the financial
statetnents, as we will be less likely to become aware of instances ofnon-compliance.
The risk ofnot detecting a material misstatement resulting from fraud is higher than for
one resulting from error. as fraud may involve collusion, forgery. intentional omissions.
misrepresentations, or the override of internal control.
A fvrtherdescription of our responsibilities is available on the Financial Reporting Council s
website at: https://www.frc.org.uk/Our-WorklAudit/Audit.and-assurdnce/Standards-and.
guidance/Standards-and-guidance-for-auditors/Auditors"restK>nsibilities-for-
audit/Description"of-auditors-responsibilities-for-audit.aspx. This description fornis part
of our auditor's report.
Usp of OLJI report
This report is made solely to the charity's Trustee. as a body, in accordance with part 4 ofthe
Charities IAccounts and Reportsl Regulations 2008. Our audit work has been undertaken so
that we might state to the charity's Trustee those matters we are required to state to them in
an auditors, report and for no other purpose. To the fullest extent pennitted by law. we do
not accept or assume responsibility to anyone otheT than the charity and the charity's
Trustee as a body. IOT our audit work, for this report. or for the opinioTL5 we have fornied.
Azets Audit Serrices
Statutory Auditors, Chartered Accountants
2nd Floor, Regis House. 45 King William Street, IA)ndon EC4R 9AN
Date: 0311212025
Azets Audit Services is eligible to act as auditor in terms of
section 1212 of the Companies Act 2006.

ST BRIDE FOUNDATION
CONSOLIDATED STATEMENTOF FINANCIALACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2025
Nates
Unrestrkted Restri¢t6d Endowment
funds
fvnds
fvnds
2024/95 g028/24
INCOME AND ENDOWMENTS FROM:
Voluntary Inc0rn8
Donations
Legacies
Grarrts
16,958
16,958
5,000
56,594
575,000
5,000
Total Voluntary Income
Charltable actlvltles
Prowsion of faciltties
Collection & le￿rnIng
Theatre
18.958
b,000
?1,958
681.594
179,136
67,763
98,186
179,188
69,938
98,188
187,746
69,959
98.969
2,170
Total Charitable a¢tlvttig$
835,085
,170
337,255
856,678
othertrading activities
Activities for generatingfunds
450,654
460,654
Investments
Investment income
3,808
108,048
111,866
91, 184
921,728 1,474,829
TOTAL INCOME AND ENDOWMENTS
808,505
7,170
108,048
EXPENDITURE ON:
Rai8ing funds
Gentrral donations
Fundraising trading
Investment management fees
Total Raising funds
Charltable actlvttles
Provision of facilities
Collection & learning
Theatre
,768
514817
gi,482
688.496
537,372
4,169
541,541
20,914
582,455
0,914
20,914
537,872
4,169
1&578
20&411
125,856
852,345
889.717
34,000
52,578
223,534
125,356
401,468
48,929
226, 148
124,006
899,078
987,574
15,lQ3
Total Charltable actfvitie¥
TOTAL EX￿NDITURE
15,128
19.292
84,000
54,914
968,923
Net gain I Ilossl on Investments
NETIEXPENDITURE) IINCOME
Recovpment transfer
Transfer betwèen fund8- Other
NET MOVEMENT IN FUNDS
89,914
98,048
35,965
1107,892)
21,121
89,914
187,068
(2,288) 67S.828
(83.Q12 Y (12.122)
135.9651
107,892
(li,Q851 112,122)
12
12
(2.286) 678,823
Raconciliation ol lunds..
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
450,153
438,888
6Q,075 7,881,803
8,394.031 7,7w,g08
49,958 7,90Q.924 8,891,745 8.394,081
20

ST BRIDE FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30JUNE 2024
Not8S
Unrestrlcted
funds
R8Strtcted
lunds
Endowment
funds
INCOME AND ENDOWMENTS FROM:
Voluntary Income
D￿ationS
Legacies
Grants
36,875
575,000
20,219
56,594
575,000
Total Voluntary Income
Charitable activrtles
Promsion of facilities
Collection & learning
Theatre
611,875
20,219
631,594
187,745
66,019
98,969
787,745
69,959
98,969
Total Charltable activities
352788
3,940
856,678
Other tradingactfvfjtlg4
Activities for generating funds
Investment8
Investment income
894878
91, 184
TOTAL INCOME AND ENDOWMENTS
1,859,588
4,159
90,604 7,474,829
EXPENDITURE ON..
Ralslng funds
General donatio￿$
Fundraising trading
Investment management fees
Totsl Ralslng funds
ChArltablo actlvFtle8
Pro￿75t0n of lacilities
Collection & learning
Theatre
2,753
514.811
2,758
514311
21,432
588,496
1,489
gl,482
517,064
14,929
14,648
Ig4,006
858,588
870,647
84,000 48.999
926, 148
124,006
899,078
937,574
11,495
Total Charrtable actfvitfos
TOTAL EXPENDITURE
11,495
11,495
84,000
55,482
Not gain I Ilossl on Investments
NET(EXPENDITUREI IINCOME
Rèeoupm8nt transfer
Transfer between fund$- Other
137,068
172,940
157,068
673,8g3
458.919
(35,965}
90.738
548,892
12,664
35,965
(90,4751
117,730
12
(263)
12,401
NETMOVEMENT IN FUNDS
678,823
Re¢on¢lllatlon ol fLtnds'.
TOTAL FUNDS 8ROUGHT FORWARD
198.539 J
450,158
49,674
7,764,073 7,790,208
7,881,803 8,394,031
TOTAL FUNDS CARRIED FORWARD
62075
21

ST 8RIDE FOUNDATION
BALANCE SHEET. AS AT 80 IUNE 2025
Group
Charlty
3010612025 3010612024
Notes
3010812OQ5
3010612024
FIXED ASSETS
Tangible fixed assets
Inve$tmBnts
5,211,320
2,851,926
4,9Tr, 145
2,847.867
5,21?,320
2,851,9Q8
4977,145
2,847,369
TOTAL FIXED ASSETS
8,063,246
7,824,572
8,063,248
7,824,614
CURRENT ASSETS
stock
Debtors
Cash at bank and in hand
16,249
292,326
3Q5.Q81
10,215
804,4S5
115,689
12,181
298,241
260,725
8,002
885,693
85,983
TOTAL CURRENT ASSETS
688.856
933,887
571,147
929,678
CREDITORS
Amounts lallingdue within one year
10
305,357
363,818
249,648
360, 161
NETCURRENT ASSETS
8Q8.499
569,519
328,499
569,517
NET ASSETS
8,391,745
8,$94.08f
8,391,747
8.394,081
Unrestricted General Fund
8,868
450,TS8
438,870
450, 158
Restricted funds
Beatrice Warde Lecture
Big Giv&
Jugtin Howes Lecture
Library- Crowdlunder proj8Ct IQ5
Llbrary- Googfe liv8 Streaming
4,587
11,534
12.093
20,869
870
6,537
19,274
11,192
17.052
8,020
4,587
11,584
12,093
QO,869
870
6,537
19,274
11,192
17,052
&02Q
49,953
69,075
49.958
8g,075
Permanent Endowrnent Funds
Goneral EndowmeNt
£leemosynary
7,891,391
11,588
7,870,453
11,350
7,891,391
11,533
7,870,458
11,850
7.90o,go4
2,881,803
7,902,924
7,887,803
TOTAL FUNDS
8,891,745
8,894,031
8,391.747
8,894,051
Thglinanoial Statements were appr()ved by the Trustee Company and authorised lor issue on
10 December 20Q5 and were signed on its behalf by..
Maik jordan Trustee & Chair of St Bridè
undatior Trust Company aeting as soleTrustee
22

ST BRIDE FOUNDATION
CONSOLIDATED STATEMENT OF CASH FLOW
FOR THE YEAR ENDED 30 JUNE 2025
Group
80/06/2025
Group
80/06/2024
Cash provided by (used Inl operatlng actlvltles
Cash flows from Inv95tlng a¢tlvltlo5
Investment income
Purchase of tanwble fixed assets
Purchase ol investments
Pr[￿eedS from sale of investments
17
377.943
f61,68g)
111,856
1318,5811
1669,8221
741,385
91.184
(214,984)
IS34,999)
477,017
Cash provided by (used Inl Invèsting activities
{127,642)
18,288
Incfease I Idecr8as&) In ca8h and cash equivalents
250.301
I￿9,444}
Cash and cash equlvalents at beglnning of year
120.355
163,799
Total cash and cash equwalents at end of year
370,866
120,355
Analysis of cash and cash equlv&lentB
Cash at bank and in hand
Cash within Investrnent portfolio
Total cash and cash equivalents
825,281
45,375
118.689
1,666
370,658
720,855
Reconclliatlon of net Income to net cash flow from
operatlng actlvltie8
Group
80/06/2095
Gmup
80/06/2024
Net Surplusl(Los$) fof the yoar
Adju$tm8nts for
(Gains) l Losses on inVEStmenti
Depreciation charge
Investment Income
(Increa5elldecrea$e in slock
(IncreaselldeeTease in debtor5
Increaselldecreasel in credrtors
12.286)
678,898
(89,9141
84,387
1111,8561
10,0361
512,109
158,481}
(187.068)
67,547
(91.184)
(4824)
f653,035J
83,059
8n.943
(61,682)
The notes on pages Q4 to 35 form pari of these financial statem8nts.
23

ST BRIDE FOUNDATION
NOTES TOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUNTING POLICIES
Basis of accounting and consolidation
The Foundation, a registered charity (Niimber 2076071, Is now regulated by a Scheme sealed by the Charity
Commission for England and Wales on 14th September 2013. This replaced and codified 8 Scheme made under
the City of London Parochial Charities Act 1883 on 23rd February 1891, as modified by subsequent Scherne5 01
the Charity Commission for England and Wales. The 14th September 2013 Scheme replaced the Foundation's
Governors (charity Tru$teesl with a sole trustee company, St Bride Foundation Limited with immediate effect.
The registered office ol the foundation is at Bride Lane. Fleet stieet, London, EC4Y 8EQ
The financial staternents have been prepared in accordance with the Financial Reportlngstandard appll¢able in
the UK and Republic of Ireland IFRSIOQI and the Statement of Recommended Practice applicable to charities
preparing their accovnts in accordancewith the Financial Reporting Standard applicable In the LIK and Republic
ol Ireland IFRS1021 issued in October 2019,
The accounts are drawn up on the hislorical cost basis of accounting, as modified by the revaluation of
Investments.
The consolidated statement of financial activities ISOFAI, balance sheet and the consolidated cash flow
statement Include the financial statements of the chaiity and its subsidiary. BrId￿ell Centre Limlted, made up
to 30 June 20?5.
Going ¢oncern
aving reviewed the financial position of the FoLsndation, and its plans for the loreseeable future, the tyustee
company is satisfied that It remains appropriate to continue to prepare the financial staternents on the going
concern basis. Details olthis assessment and the underlying assumptions 15 detailed in the Financial Review and
Gotng Concern section of the Trustees annual report.
Public Beneflt
The Foundation is a public benefit entity.
bl
Income
Income in the form ol grants and donations is accounted for as receivable. Fund5 received loi the purchase of
tixed assets are accounted for as rgstricted income The treatment ol the assets provided depends upon th8
restriction Imposed by the grant as the fi'xed assets. acquisltion discharges the restriction then a corresponding
transfer ol the assoeiat&d restricted income will be made to the unrestrieted fund In the year of lullilment ol the
restriction by the purchase tsf the fixed asset.
Income received from the provision of gDods and services including room and equipment hire, catering, tieket
sales, and rent Is recognised In the year In which the good or service Is provided.
Investrnent income Is recognised in the year ill which the Foundation becomes enlilled to the dividend or eaTnS
intere51. All investment incorne Is derived from listed Investments except fDr a small proportion derived trom
cash held as part ol the portfolio.
24

ST BRIDE FOUNDATION
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Expendituro
Expenditure Is accounted for on an accruals basis. Charitable activities comprise direct expenses Incurred on
defined charitable purpos85. Where costs cannot be allocated to aspecilie charitable a¢tivity, they are allocated
in proportion to the level of activity in each area. Costs of generating funds represent expendrturo incurred In
r￿sIng resour¢es for ¢haritable application that does not arise directly from a chafitsble activlty. Governance
costs comprise statutory costs relating to the governance arrangements of the charity. Support C95ts
representing general overhead expendlture are allocated across expenditure headings In proportion to sthff
costs. A liability is recognised once a constructive or legal obligation ha5 been entered into bythe charity.
d)
Tangibl& fixed assets
All tangible fixed lssets are stated at cost and are written off on a straight-line basis overthe followingperiods..
Freehold lalld
Freehold buildings
Iooyears
Furniture, fixtures and fittings and office equlpm¢nt
8etween 3 and 10 year5
Tangmble fixed assets are oapitalised where the indiv¢dual item purchase price exceeds £300.
Inve>tmènt$
Investments are stated at market value In the balance shèet. Realised gains or losse5 are calculated as the
difference between rnarket value at the date of disposal and market value at the previous balance sheet date.
Unrealised gains or losses are derived frDm the m0￿MentS in market value duringthe year.
Operating lea$e$
fl
Rentals under operating18ases are charged to the Staternent of Financial Activttie5 on a straSght-line basi$ over
the term of the lease,
Pension contrlbutlon8
The Foundation operateg a defined contributiot) pension scheme. The contributions payable by the Foundatio
under this scheme are recogiiised in the Statem&nt ol Financial Actlvitlo5 as they fall due.
Fund accountlng
Funds held by the Foundation compris¢'.
hl
Unrestrlcted fiinds- th8sè arè fundÈ which ¢an be uièd In a¢cordance with the charitable object$ at the
discretion of the trustee company.
Restricted funds - thpse are funds that can only be used for particular restrictecl purposes within the
objects of the Foundation. Restrictions arise when specified by the donoi or when funds are raised for
particular defined purposes.
Permanent endowment furds- these are funds to be retained forthe benefit ol the Foundation as capital
funds and are managed on a total return basis. The Trustees rnay, at their discretion, allocate any part of
the unapplièd total return to the g8n8ral purposgs of the frust.
25

ST BRIDE FOUNDATION
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Flnancial Instrum¥nt8
Basicf(nancial instruments are initially recognised at transaction valueand subsequently measured at amortised
Cost, with the exception of investment5 which are held at fai* valve. Financial assets held at amort15ed cost
comprise cash at bank and In hand, together with trade and other debtor$. A Specific provisioft is made lor debts
for whi¢h recoverability Is In doubt. Cash at bank and in hand is defined a$ all cash held In Instant access and
term deposit bank accounts, Financial liabilities held at amortised eo$t cornprise all creditors except social
security and other taxes and prgv1510ns.
Ji
Signlticantjudgements and estirnat8$
In prepanng the financial statements, managem¥nt have made judgements, estimates and assumption$ that
affect both the amounts reeorded as revenues and expense5 duringthe period, and amounts recorded for assets
and liabilitiesas at the balance sheet date. However,the nature of estimation rneans these e$timatescould differ
frorn actual outcomes. TheTrustee$ do not considerthere to be any slgnilicant estirnate5 andjudgements other
than in relation to th8 Useful Ille of the Foundation's PToperty.
Actlvltles for genoratlngfund8
Total
2OQ4125
Total
2023/24
Lettings
Catering
Bar Sales
Equiprnent hir8 and other income
Fundraising
201,359
68.897
97,191
64,578
18,629
197.418
66,443
98,696
23,726
8,670
450.654
94878
Net Incom6- Group
2024125
2028/24
N•t Income18 Stated after char8ln[.
Depreciatiort
Auditorf5 remuneration. Audit of current y¢ar
Auditor's remun*ration- Otler services
Auditor'5 remuneration- Ta* Fee
84.386
19,950
67.547
16,500
1,500
95Q
26

ST8RIDE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 80 JUNE 2025
EXPENDITURE ON..
Dirnct 8tLff
ost$
other direct
act(￿ty
ost$
Suppor
Support..
staff cost• Other ¢ost8
Total
2024125
Aal¥lngfund8
Donations
Fundraislngtrading
Investment managernent f888
150,660
127,534
20,914
185,828
128,019
541,541
20.914
150,660
148,448
185,828
128.019
082,45J
Charitabl8 actlvltles
Provlslon of facllitles
Collection & learning
Theatre
52,578
70,764
58,616
52,578
223,534
88,160
41,472
38,416
18,808
81,194
8,985
124,682
54,719
40,159
181,958
401A88
Total Exp8nditur•
275,292
203,187
176,487
809,977
988,9Q8
Support Costs
20Q4126
2028/24
staff ¢ost$
Markrtlng
FundraisSng
Premist8 costs
RepaiTS and renewals
Office costs
Insurance
D•prgclatlon
utilitips
Bank interest and ¢harges
Pr¢fei$ional fet$
Trustses expenses
Audit and accountingfees
175,487
818
15a282
885
71,226
19,030
22,444
59,631
69.148
44,088
4,854
8,410
906
19,950
67,968
28,202
30,109
51,548
44161
4996
18,569
19,747
486,484
462,861
27

ST BRIDE FOUNDATION
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
STAFF COSTS
2024125
2028/24
Wages and salaries
Social security ¢ost5
Penslon contributlons
Temporary and freelan¢e
other staff c05t&
898,287
29,188
21,712
820
1,274
450,779
381.821
28,695
20,270
280
8,380
488,926
One employee received Salary tn excess of £60,000 durlng the year12024.. nil)
Pension cests are allo¢atetl to activities in proportion to th• related stafflng ¢ost$ IncuTred and ars wholly charg•d to
unrestrtcted funds.
The key management personnel ol the parent charlty compromise those of the Trust and th8 key management
personnel ol its wholly owngd subsidiary Br1d¥w¢ll Centre Ltd. The key management pei$onnel of St Bride Foundation
Charity are the Foundatlon General Manager, Foundation Librarian, finance Manager and Fundrai51ng Manager
Grant5 &Trusts, wh¢se employee benefit5 totalled £171,51912024.. £170,472).
staff Number8
The average monthly individual head count wa$10 staff12024..16 staff). The average Full Tlme Equivalent head co¥nt
wa$ 10.81202410.5).
Trustee5 are not entitl￿ to remuneiatlon for their duties as Trustees. B8cky Chilcott's company, 8gckyChil¢ott Design
Ltd re¢eived £1,200 I￿O24..£528) re.Imbursemtsnt for travel and other expenses in relation to SBF talks and
¢onf•rence$. Becky Chll¢ott received directly re.Imbur$trment £42812024..£681 for travel and other expen$e5 incurred
as a Trustee and £810 112Q24',U08) for accommodation and travel c05t5 incurred supporting S8F event$ a8 a
volunteer,
28

ST BRIDE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2026
TANGIBLE FIXED ASSETS- GROUPAND CHARITY
Office
fvrnituro
and
equlpmtsnt
Freehold land
and bulldlng$
Fixture$
and fittlng$
Work in
Progres8
Total
Cost
At l July 2024
Additions
Transfers
4,900.000
n3,133
37,661
210.684
1?8.845
1,217
QQ8,438
279,683
1210,6341
5,969,917
818,561
At 30 June 2025
4,900,000
961,4Q8
129,58
?97,482
8,288,472
DepTeclation
At I july 2024
Charge for year
Dbsposal$
340,000
34.000
530,016
46.811
122,750
8,575
992,768
84,386
At 801une2024
974,000
S76,8Q7
126,826
1.077,152
N&t book value
At 80June20Q5
4.528,000
384.601
8,287
297,482
5.211,820
At lJuly2024
4,560,000
l&g117
5,595
&&¥3
4,977, 145
Th¢ Foundatitsn owni and is based in freehold property known as the St Bride Institute at14 Brido L&no, Fleet Street,
London. Part of the property Is usedfor meetingg, recreatSonal andedueational artiviti8s byindividuals, clvbs, charltie5.
commercial and other orgaNi$ations and the Bridewell Theatre. The rem&ind6r houses the St Brid8 Printing Library, a
comprehensive collection ol books on the history of printing and l)ooks and journals on the teehniques of printing.
The propertyw#$ r&valu8d as at 30 June 2014 on an existing use basis by Messrs. Farebrother, Chartered Surveyors at
£4,900,000 (Land £1,500,000, Bullding£3,400,0001. With effect from I. July 2014, under the option available under
FRSlO2, the Foundation decided to treat th6 market value of the building at £3,400.000 as deemed ¢ost and
depreciate this over 100 years at an annual depreciation charge 01 £34,000 pa.
Heritage ass8ts
The Foundation eonsideTS it holds assets which are heritage assets as they are held princlpally lor their contribution to
knowledge and culture, These assets Include prSnting equiprnent and the St Bride Printing Library which, In 2004. w
handed back to the Foundatiot7, together with a grant for Initial support from the City of London Corporation. No
amounts h2ve been Included In the h'nancial staternents with regard to these assets, as the Trustee considers that the
costolobtain1ng an accuratevaluation vvould exc88d the benefits. Thedirect costs illcurred in maintainingthese asset5
are not material.
29

ST BRIDE FOUNDATION
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 80 JUNE 2025
CAPITAL COMMITMENTS
Therewere no ¢apital commitments at the Ye￿.end{2024.' £Nill.
INVESTMENTS- GROUP
2024125
2028ts4
Brought forward
Additions
Disposals
Net gain I Ilossl on investments
Carrled fo￿ard
2,845,700
662,322
(741,3851
39,914
g,850,650
834,999
f477,017)
187.068
2,806,551
9,840.700
Cash held for reinvestment
45,875
1,666
Total
2,8bl,926
2,847.866
Nature of Investments
Bonds and fixed interest socuriti85
Listed 8qurf(ies and similar investments
Cash
516,040
2,290,811
45,875
486,695
2.859,005
1.666
2,801,926
2,847.366
The historical cost of Investm9nt$ at 30
June was
2,372,108
2.49&82J
DEBTORS
Group
2028/24
Chwtty
2024125
2028/24
209412b
Trade & other debtors
Prepayrnents
Othertax and social securrty
Amount$ owed from $ub$idiary
Acciued Income
68,917
76,076
57,257
52,368
58,662
118,405
88,097
74,766
7,581
89,209
88,588
19, 187
57,108
41,712
142,691
575,000
90,076
575,000
292,828
804480
Q98,241
885,893
30

ST BRIDE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR TH£YEAR ENDED 80JUNE 2025
10. CREDrroRS: AMOUNTS DUEWITHIN ONEYEAR
Group
Charlty
2024125
2028A4
2024125
2028/24
Trade creditors
otheT ¢redrtors
Taxatlon and Social securlty
Accruals
Amounts owed to $ub$idlary
Deferred income
87,589
7.916
42,715
108,022
62,890
7,916
113,852
100,462
83,135
7,918
42,715
103,162
57,190
7,916
84562
97,515
iia648
$80
61.121
79,198
5,720
306,807
$68,818
249,048
860,161
11. DEFERRED INCOME
Defèrred income relat8sto r•nt and other Income receiv￿ in advance olthe perlod to whlch tt relates.
Group
20241215
Group
2028124
B￿an¢t at Btart ofyear
Amounts released In theyear
Amounts deferred in the year
Balance at end of year
79.198
1359,707)
841,880
81,121
89,684
1338.9801
328,444
79,198
31

ST BRIDE FOUNDATION
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2025
13.
RESTRICTED FUNDS
Balan¢e
011071Q024
Investment
Gain51
IL0$5esl
Transfers
between
fvnd5
Income
Exp8ndrture
Balance
3010812025
Unrestrlcted Géneral Fund
450.153 806,505
1889,n71
n,gQ7
488,86B
Restricted funds
Beatrice Warde Lecture
Big Glve
justin Howes Lecture
Library- Crowdfunder project
125
Library- Google live streaming
6.587
19.274
11.192
11,9501
17,7401
11,oe91
4,587
11,584
lQ,098
2,170
17,062
5,000
11,1831
20,869
8,020
<7,1501
870
62,076
7,170
119,2921
4g,953
Permanent Endowfflent
Funds
General Endowment
7,870,458
107.892
164.8841
39,857
In,g?7)
7,891.391
Eleemosynary
11.850
156
1301
57
11,538
7.881,803 108,048
(54,914}
39.g14
m,9271
7,gOQ.9Q4
TOTAL FUNDS
8.394,031
921,723
1968,9231
89.914
8,891,745
Under Order previously granted by the Charrty Commission, expenditure of capital subject to replacemènt ha$ been
authorised underthe powersgiven in section 105181 of the Charities Aet Qoll. The RecoupFMentfund cornprises monies
set aside lor repaywnent into the General Permanent Endowment Fund on the maturity of Recoupment Orders issued
by Ihe Charity Comtnission in 2000 and 2003. The 2000 and 2003 Recoupment orders require annual transfers of
£27,329 Ifor 25 ye8r51 and £8,636 (for Q2 years) respectively to be made from uniestrieted funds to the Permanent
Endowment. By maturity ol the Recoupment Orders the full balance previously borrowed will be fullytran$lerred back
to the PerThanent Endowrnent. The Recoupment Orders reached maturity during the 2024125 financial year.
other restricted funds comprise..
The Eleemosynary fund provides funds for the prevention or relief of povèrty in the area of benefit by providing grants
and services to Individuals In need andlor to charities or other organisations working to prevent or relieve poverty.
The Beatrice Warde fund establishe.d to prDvide for an annual lecture to illtlminate some aspects in the field of
communications, particularly with regard to prSnting #nd typography. in memory of Beatrice Warde.
The justin Howes fund- established to provide an annual lecture In memory ol Justin Howes, the subject ol the lecture
to be on8 of the key subjects that he had an interest in i.e. printingi typography and calligraphy.
Library Crowdfunder Project 125 . Funds were raised to support the digitalisation of the SBF collections, curating an
Online talk series, online exhibitions, developing PTint and design workshops and conservation work.
Library Google live streaming- funds were given by GDogleto support on.linetalks. work.experienee for yoiing p80pIe,
new print & design workshops, digital & physical exliibition5.
32

STBRIDE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 8OJUNE 2025
Big Give- donations were Oven to maintain and invest in St 8rid8 Foundation's grade-11 listed building, develop OUT
learning prograrnme and support st 8nde Foundation's vision to be a thrivingeducational and cultural foundation.
13. PERMANENTENDOWMENT FUNDS (non-property)
Frozen
Perrnanent
Capltal
Unappli8d
Total Retum
General
Endowment
Balance as at l July 2024
2,584791
725,662
8,810,458
Investment income.. dividend5 & interest
Net gain I Ilossl on investments
Less., Investment managementfees
107,892
89,857
120,8841
107,892
89.857
(20,884)
Total Return
126,865
126,865
Recoupmenl payment
Allo¢ated to unre$tri¢ted incom8 In the year
85,965
85,985
1107,892)
(107,8921
Balance as at 30 lune 2025
2,820,756
744,635
3,365,891
Incomegenerated from the General Endowment Fund can be used towards the general activities of th8 Foundation.
Income generated from the Eleemogynary Fund musi be applied for the purposes ol the restricted fund of the sama
name for the puipo$e$ d$$cribed below.
In Novemb81 2017 the Trustees passed a resolution to adopt atotal retum approach to the investment of the General
Endowment. The initial value of the trustlor investment was set at 30 June Qoog and the unapplied total Tetum at this
date was deemed to be nil. The initial value was s8t by rCfvren￿ to Inforrnation available from investfflent managers
and by review of the accounting records of the charity from 30 lune QOD9 taking into account any capital movements.
The analysis undertying thè valuation of the endowment was perfom7ed during June 2017. The Trustees have
determined that at least the invegtmenl incorne earned on endowed Investments shall be allocated to income each
year and will consider wh8ther anyfurtherallocations ale requi￿d at lea&t annually. Thetotal endowment values below
are stated exclusive of thtr value of the Foundation's freehold property as this 15 not an investment asset.
14. NET ASSETS BY FUND- GROUP
Permanent
endowment
funds
Curr¥nt yoar
Re$trictgd Unre$tsict8d
funds
funLIs
Total
2024125
Tangible fixed assets
lllvestrrients
Net current assets
4,526,000
2,851,926
524,998
7,902.924
685,320
5,211,8QO
2,861.926
3Q8,499
8,391,745
49,953
49,968
1246.4521
438.868
33

ST BRIDE FOUNDATION
NOTES TOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
ASSETS BY FUND- GROUP ICONTINUEDJ
14.
Permanent
endowment
funds
Prloryear
Restrlct¢d Unrestrlcted
funds
funds
TotAI
2024
Tan@ble fixed assets
Investments
Net current &ssgts
4.560,000
2,847,866
474.437
7,881,803
417.147
4,gr/,147
2,847,886
33,006
569,618
460.158 8,394,031
62,075
62,075
16. SUBSIDIARY UNOERTAKING
2024125
2028124
Turnover
674,032
672,890
Cost of sales
185,6181
(87.2711
GROSS PROFIT
b88,410
585,819
Administratlve expenses
PROFIT ON ORDINARY ACTIVITIES
1404.2041
(406,496)
184.212
179,123
Interest payable
PROFIT FOR THE FINANCIAL YEAR
184,212
179,128
RETAINED PROFIT AT THESTARTOFTHE YEAR
Gift Aided donation to St BrSd* Frjundatior
(184,212)
1179,1231
RETAINED PROFIT ATTHEEND OFTHE YEAR
The aggregate of the assets, Iiabillt18s and fvnds wa8,.
Assets
151,920
1151,9181
269,998
(259.996)
Shareholders, funds
st BTide Foundation owns IO0% of the issued share capital of Bridewell Centre Limited (Reg. No. 06284689, 4
company incorporated in England and Wale$. The company's principal activity 1$ room hire Including the PTovi$ion of
equipment and catering servi¢es and operation of the Foundation$ theatre and bar. A summary of the results loi the
year are shown below..
The Foundation received £184.21212024.. £179,123) in the year from Brldewell C8ntre Ltd in the form of a Gift Aided
donation. Costs totalling £372,382 were charged to the Bridewell Centre during the year by the Foundation.
34

ST BRIDE FOUNDATION
NOTES TOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 80 JUNE 2025
16. CHARITY ONLY RESULTS
The Foundation has taken advantage of exernptions available not to present a Statement of Financial Activities or
statement of Cash Flows showing its own results.
17. COMPARATIVE STATEMENT OF FLIND NOTES
Balance
0110712023
Investmant Tfan$fer$
Galn$ I
between
ILo88esl
fvnds
Balanc8
3010612024
Income
Expendlturo
Unrestrlcted General
Fund
198,5891
1.859.566
1870,647)
54,773
450,158
Re$trl¢t•d funds
Library- Crowdfvnder
project 125
brary- Goo*e live
streaming
Justin Howes Lecture
Beatrice Warde Lecture
Big Give
10,993
{3,418)
9,477
17,052
21,713
11.198
14,608)
(9,0901
16501
8.020
11,192
6,587
19,274
3,294
20,219
12,529)
19451
49,874
24,159
(11,495)
12681
62,075
Permanent Endowment
Fund$
General Emlowment
Eleemosynary
7,753,016
11,057
90.475
129
165.401)
131)
186,873
195
IN510)
7,870,453
11.360
7,7S4,073
90,604
155,432)
137.068
154,610)
7,881,808
TOTAL FUND8
7.V20,208 1.474,329
(937,574)
137,068
8.394.081
19. POST BALANCE SHEET EVENTS
During March 2024the Charity received notifieation that it would rece1ve an unrestricted legacy is likelyto be in excess
of £500.000. On 16 August 2024 the Charity received confirmation that the legacy value would be approximately
£575,000 and this amount was accrued for In the ?028-241inancial statements. An interim payment of£494,047was
received in October 2024 and tlie final payment Is exp6cted before the end of 2025.
35