REGISTERED CHARITY NUMBER.. 249922 Reportof theTrusteesand Unaudlted Anandal $tsteM￿ts for the Year EThJed 31 Marth 2025 Barham Bene¥olent Fwidation Swinddls LLP (harteied Accountsnts AYantic H(￿e 8 Bell Lane BellbrcK)k Industrial Estate Uckfteld East Sussex TN22 IQL Contsntsofthe Flnandal Ststements foTthe Year Ended 31 Marth 20Z5 Page Reference and AdmlnlslraU¥e Detsls Report ol the Tn 2 to 3 Independent Examlner's Rq)tyt Statement of FlnarKdal Actmtles Balan¢e Sheet Notssto the Flnan¢ial Statements 7 to 14 Detalled Statthnent of Flnandal ALthltle5 to Barham Benevdent Foundallon Report vftheTNstees forthe Year Ended 31 Marth 2025 The trustees present their report %Mth the flnandal statements of the tharity for the year ended 31 March 2025. The tmstees have adopted the provtslons of Accounting and Reporting by Charitie5.' Statement of Recommended Practi￿ applicable to charitie5 preparing their accounts in accordance wlth the Flnanclal Reporting Standard applicable ir) the UK and Republic of Ireland IFRS 1021 leffective ljanuary 20191. OWECTIVES AND A￿1VITIEs The Foundation's objett is to provide hdp where it Is needed to employee5, their relatives and former employees of the dairy industry. The Trustee5 have pald due regard to guldance issued by the tharity Commisslon In deciding what aLtivitle5 the Foundation should undertake. The Foundatlon caffres out Its objectives by promdlng grants to a number of Indlvidua15 and organlsatlon& The TrLStee5 are fully sa￿s￿ed that the Barham BenevcAent F￿ndation operates for the wider public benefft in all that It does In Its charitable activltle ACHIEVEMENfs AND PERFORMANCE The Foundation's Trust Deed en3￿eS it to make grants for hardship cases in the dairy reL4ted industry and for e(lucation by way of bursaries to C￿leg￿ and unlversltjes kn research in dairy related subjects. Ihe Foundatlon cOn￿nuES to fund or cor)tribute to the cost of holldays and provide financial asslstance with accommodation in appropriate eases. The Foundation made grants totslllnB £201,257 {2024: £263,072) to indI￿dual$ and educational IrLStitutions during the year. These payments have been made possible by the links that the Foundation has with other d)arltable organisations. In addition tothat: The Educational Institutionsthat benefrtted from the grants thatwe distributed indude.. Universlty Df Reading £47,56512024'. £47,565) Royal Veterinary £62,80512024.' £66,805) Harper Adams £28,33312024.' £28,333) Nottingham Unlversity £Nil12024'. £63,469) Unlverslty of knverpool £Nil12024: £6￿76) Ourlng the year the Trustees actively So￿ht potential benefi0a￿e$ and have been able to make many grants thgugh the Ilnks established wtth other Organ￿￿on& They are aware however of the need to ensure that 311 the grants awarded are In accordance ￿th the ternis of the Trust Deed, which defines the pool of benefiaaries. During the year the FourK13tion made welfare payments to 1712024: 171 fomier employees of the Dalry trade amounting to a total of £62,55412024= £50,025). The trustees target ￿ to spend all the available income each year in accordance ￿th temis of the Trust Deed and full review of the ongdng benefiaarie5 both IndlvlduaLs and educational instltutions is being undertakerk Page 2 Barham Benevolert ￿ndation R￿ort ofiheTrustees forthe Year Ended 31 Marth 2￿25 FINANCIAL REVIEW The Foundation received Investment income of £173,325 12024.. £165,971) durfng the year and there was totsl charitable expenditure of £275,987 12024: £338,597}. The fund balances as at 31 March 2025 were £6,166,40912024'. £6,182,098). The Trustees, intention is to maintain sufficient reserves to ￿er the antldpated costs of the Foundatlon with any surplu5 funds not distribLrted being reinvested. These reqU1￿ments are kept tontinualty under rwriew and no flxed amount is deemed appropriate. The Trustees Intend that the real walue of the Foundation assets and the Income from them %MII be malntalned over the long term subject to any major tluctuations in income or expenditure. In the agreement with Bardays Wealth and wlth Investec Weatth and Investment Inow Rathbonesl, who a￿ both appointed on a discretlonary basis. the Trustees have selerted a balanced Investment objectNe with medium risL The proportion invested In equ￿les. flyed incijme stocks and cash ts revIev￿1 Bardays Wealth and wlth Investec Wealth and Investment (now Rathbone51 fr(xn time to time to provide guidance on the ongoing sultabllity of that element of the investment wlicy and keep under re￿eW the arrangements with Bardays Wealth anEI with Investec Inow Rathbonesl. The performance of the Investment portfolio during the yeor was in line wlth Trustees, expectation5. sTRu￿VRE. GOVERNAN￿ AND MANAGEMENT Goveming do¢A4ment The tharlty is contrLAled by its governingdocumen¢ a deed of trust atKI constltutes an unincorporated tharlty. Strwfvre• 8o¥ernan¢e and managen￿t The Barham Benevolenl Foundation establlshed by a charitable Tnjst Deed in 1918. Trustees are appolnted to the Foundatlon whth the agreernent of the existingTrustees. None of the Trustees has any benefiaal interest in the trusL The Trustees make and implement all decisions in relation to the Foundation's affairs. The Trustees have assessed the major r￿kS to whith the Foundauon ts exposed, and are satisfied that systems are In place to mitigate exposure to the major risks. Approved by order of the board of tru5tee5 Of). - and S￿￿ed on its behalf by: M Cook-Trustee Page 3 Independent ExamSnerfs Report to the TrusteÈsof Independent examlner's report to the trustw of Barham Bene￿Ient Foundatlon I report to the charlty trustees on my examination of the accounts of Barham Benevolent Foundation (the Trust) forthe year endd 31 Marth 2025. Responslblllles and basls of rgPQrt As the charlty trustees of the Trust you are ￿spOn￿ble for the preparatlon of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examination of the Trust's accounts carried out under Section 145 of the Act and In carrylng out my examination I have fdlowed all applicable Directions given by the ChBrity Commlsslon under Sertion 145ISllbl of the Act. Independent examln*5 Statemert I have completed my examination. I confirm that no malerial mattets have come to my attertion In connettion wlth the examination givinB me cause to believe that in any material respectr. accounting reci)rdswere not kept in respect of theTnJst as requlred by Settlon 130 of the Act; or the accounts do nrt accord wlth those records,. or the accounts do not comply wth the ap￿icable requirements concemlng the form and content of accounts set out in the Charities IAccounts and Rewrtsl Regulations 2CK)8 other than any requirement that the accounts give a true and fair vlew whlch is not a matter considered as part of an independent examlnatlon, I have rto con￿M$ and have corne across no other matter5 in connection with the examination to whith attention should be drawn in this rePl￿t in older to en8t￿e a proper understanding of the accounts to be reached. Joanna Green BSC FCA Swlndells Ltp Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL Page 4 Slatemertt of finan¢ial Activit￿5 lor the Y￿r ErKled 31 March 2025 2025 Unrestritted fund 2024 Total funds Notes INCOME AND ENDOWMEpifs FROM Investment Sncome 174,620 166.862 EXPENDITURE ON Raising funds 18.175 22,335 Charltable acthAtles Grant funding actiwty 257,812 316,262 Total 275,987 338,597 Net galns on Investments 85,678 386,243 NET INCOMEIIEXPENDrruREI 115,6891 214,508 RECONaLIATION OF FUNDS Totsl funds br(xJght forward 6,182,098 5.967,590 TOTAL FUNDS CARRIED foRWARD 6,166,409 6.182,098 The notes fomi part ofthese finan(ial statements Page 5 Batham Benevolerrt Fwndation Balance Shèet 31 March 2025 2025 Unrestrltt fund 2024 Total funds Notes FIXED ASSETS Tangible assets Investments 194,747 s￿58,398 199,996 5,943,978 io 6,053,145 6,143,974 CURRE1￿ ASSETS Cash at bank 125,250 52,577 CREDITORS Amounts falllng due wlthln one year li 111.9861 114.4531 NET CURRENT ASSETS 113,264 38,124 TOTALASSEfs LESS CURRE￿ UABILMES 6,166,409 6,182,098 N￿AsSEr5 6.166.409 6,182,098 FUNDS Unrestricted funds.. General fund 6,166,409 6,182,098 TOTAL FUNDS 6,166,409 6,182,098 The flnanaa ststements were approved by the Board of Tn￿S and authori5ed frff Issue on S and vRre signed on its behalf by: M Cook-Trustee The notes form part ofthese financial ststements Page 6 Btham Benebx)lent Found￿10￿ Noteslothe Finandal Statèments forthe Year Ended 31 Marth 2025 ACCOUNTING pouaES Basls of preparlngthe finan(ial statemej The finanaal statement5 of the charity, which is a public benefit entity undÈr FRS 102, have been prepared in accordance with the tharities SORP IFRS 1021 'Accounting and Reporting by Charltles: Statement of Recommended Praciice applicable to chatities preparing thelr accounts in ac£ordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january 20191,, Flnanclal Reportlng Star￿ard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finanaal statements have been prepared under the histodcal cost c(bnvention, vrith the ex￿ptIOn of inve51ments vthich are induded at market value, as modifled by the revaluation of certaill assets. Income All income is recogni5ed in the Ststement of Hnandal Actmiles once the tharity ha5 entStlement to the funds, it Is probable that the income will be recerved and the amount can be measufftd reliably. ExpendI￿re Liabilities are recognised as expendtbjre as S(￿ as there is a legal or constructive obll8atlon Committlng the charity to that expenditure, rt is probable that a transfer of economic benefits wlll be required In settlement and the amount of the obligation can be me&sured reliably. Expendlture is accounted for on an accruals basss and has been classified under headings that aggregate all cost related to the (ztegory. Where costs cannot be dlrecdy attributed to parbcular headirbgs they have been allocated to activities on a basls CO￿[stentVAth the useof resources. Grants offered subJert to condltlons whid) have not been met at the year end date are noted as a commitment but not ac£rued as expenrfrture. TangIb￿ flxed assets Depreciation is prowded at the following annual rates in order to vthte off each asset over estlmated useful life. Freehold property Taxatlon The charity is exempt from tax on its charitsble activities. Fund ac¢ountin8 Unrestrlcted funds tan be used in accordance with the tharitable objective5 ai the discretlon of the tru5tee& Re5tr5rted funds can only be useil for particular restritted purposes within the objects of the charity. Restriction5 arlsè when speclffed by the donor ￿ when funds are raised for particular rethtted purpose& Further explanatlon of the nature and purpose of eath fund is induded in the notes to the flnancial ststements. Page 7 contlnued... Barham Benevolent Foundatlon Notes to the Finandal Statements- contlnued for the Year Ended 31 Marth 2025 ACCOUNTING POLICIES- coThtlnued Pension costs and other post-retlrement beneflts The charity operates a defined contribution pen￿on scheme. Contrltxrtlons payable to the charty's penslon ￿heme are charged to the Ststement of Flnanclal ACti￿tIeS in the period to whlch they relate. INVESTME￿ INCOME 2025 Unrestricted frJnd5 2024 Tutal funds Investment income Interest recelvable 173,325 1,295 165,971 174,620 166,862 All Income from investments in 2025 and 2024 was unrestricted. CHARITABLE A￿1V￿E5 COSTS Grant fvnding of activities Isee note 51 Direct Costs (see note 41 Suppcyt costs (see note 61 Totals Grantfunding activity 2,148 201,257 54.407 257,812 p￿e8 continued... Bahtsm Benevolent Foumlatl Notes tothe Flnanual statements- continued for the Year Ended 31 Marth 2025 DIREcfcosTs OF CHARtrABLE AcrivmES 2025 2024 Insuran Sundrles Interest payable and similar charges 1,516 523 109 1,507 463 l(KJ 2,148 2,070 GRANfs PAYABLE 2025 2024 Grant funding aCti￿ty 201,257 263,072 SUPPOhY Costs Human Management resources Totals Grant funding activty 50,252 4.155 54,407 TRUSTEES. REMUNERATiof4 AND BENEFtTS There were nu trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paldfor the year ended 31 Marth 202512024:£nill. Page 9 contlnued... Barham Benevolent F￿ndatIon Notestothe Flnanclal ststements-contlnued forthe Year Ended 31 Marth 2025 COMPARATIVES FOR THE STATEMENT OF HNANaALAcrivtriES Unre5triLte fund INCOME AND ENDOWMETrifs FROM Investment Income 166,862 EXPENDIIURE ON Raising funds 22335 tharltable a¢tr¥ltles Grantfvndin8 activlty 316,262 Totsl 338,597 Net galns on investments 386,243 NEf INCOME 214,508 RECONCIUATION OF FUNDS Total fvnds brought fonNard 5,967,590 TOTAL FUNDS CARRIED FORWARD 6,182,098 Page 10 continued... Barham Bènevolent Foundatlon Notes to the Hnan¢ial 5taternents- continued forthe Year Ended 31 Marth Z025 TANGIBLE FIXED ASSETS Freehold propèrty COST At l April 2024 and 31 Marth 2025 262,455 DEPRECIATION At l April 2024 Charge for year 62,459 5,249 At 31 March 2025 67,708 NET BOOK VALUE At 31 March 2025 194,747 At 31 March 2024 199,996 FIXED INVEStMEPIts Listed Investments MARKEfvALUE At l Aprll 2024 Additions Dtsposals Revaluations 5,943,978 $83,272 1706,5411 37,689 At 31 March 2025 5,858,398 NEf BOOKVALUE At31 March 2025 5,858,398 At31 March 2024 5,943,978 There were no Investsnent assets (xrt5ide the UK. Page 11 continued... Barham Benevolent FoLmdatlon Notes to the Rnandal SLit£*nents. ¢ontinued theyear Ended 31 March 2025 io. FIXED Ass￿ INVESfMEIIT5- continued Cost or valuallon at 31 Mard) 20251s represented by.. Listed investments Valuadon In 2025 Cosl 599,253 5,259,145 5,858,398 The portfolio comprised at 31 March 2025 £78,753 {2024..£222,CKJ21 of UK Listed equitles, £549,2C(I 12024:£441,7981 of nL￿-UK Listed equities. £99,644 12024.'£112,6091 of fixed Interert lrnvestments, £4,996,255 12024I5,078,8331 of UK index linked invÈrtments, £107,954 12024.,£62,4941 of a￿ernatIve assets, £25,55112024..£25,CW} of UK property and £1,04112024I1.2421 of ac￿Ue(l interesL There were no Investments comprlsing of more than 5% of the portfdio. ii. CREDrroRS: AMoui4fs FAluF￿ DUE VfftIN ONE YEAR 2025 2024 Taxation and %)cial securty Other creditors L989 9,997 1,656 12,797 11,986 14,453 M0NEmEP￿ IN FUNDS Net movement In fund5 At 31.3.25 Atl.4.24 Unrestrlrted lunds General fund 182.098 115,6891 6,166,4LI3 TOTAL FUNDS 6,182,098 115,6891 6,166,409 Page 12 continued.,. Barham Benevolent Fi￿nd￿lon Notes tolhè FlnarKkl Statements- contlnued forthe Year Ended 31 March 2025 12. MOVEMENT IN FUNDS-contlnued Net movement in funds, Induded in the above a￿ as follows: Incomlng resour Resour￿$ expended Gains and losses Movement in funds Unrestrleted funds General fund 174,620 1275,9871 85,678 115,6891 TOTAL FUNDS 174,620 1275,9871 85,678 115.6891 Comparthes for mmment Infund5 Net movement in fvnds At 31.3.24 At 1.4.23 Unrestricted fLmds General fund 5.967.$90 214,508 6,182,098 TOTAL FUNDS 5.967,590 214,508 6,182,098 Comparative net movement In funds. indude(l in the above are as follows.. Incijming reswrcas Re50urce5 expended Gain5 and Movement In funds Unrestrlcted lunds General fund 166,862 1338,5971 386.243 214,508 TOTAL FUNDS 166,862 1338,5971 386,243 214,508 Page 13 continued... Barham Benevolent Foundatlon Note5 to the Finan(ial Statsments- tontlnued forthe Year Ended 31 Marth 2025 MOVEMENfiN FUNDS-continued A ￿rrent year 12 months and prlor year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestrlcted funds General fund 5,967,590 198,819 6,166,409 TOTAL FUNDS 5,967,590 198,819 6,166,409 A current year 12 months and prior year 12 n￿nthS combined net movement In funds, induded in the above a￿ as follows.. IrKoming Resour expended Galns and Movement in funds Unrestrfcted funds General fund 341,482 1614,5841 471,921 198,819 TOTAL FUNDS 341,482 1614,584 47L921 198,819 13. RELATED PARTY DISCLOSURES Mr M Cook and Mr G Night are considered related parties as a result of the Trustees, interest in these entltl&4. Dudng the year Mr G Flight rtt￿Yed £20,COJ12024£20,tN]01 for accountsncy advlsory and consuttancy servi￿. During the year Mr M Cook recelved £20.IXK)12024'.£20,(Wl for admini£trative services. Page 14 Detalled ststen￿t of Hnancial Artivitles for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Investment Incorne Investment income Interest receiwdble 173,325 1,295 165,971 891 174,620 166,862 Total Incomlng resow¢es 174,620 166,862 EXPENDITURE Ralslng donatlons and legacles Investment management Costs 18,175 22,335 Charftable actsvltles Insurance Sundrie5 Bank charge5 Grants to Instttutions 1,516 523 109 201,257 1,507 463 loo 263,072 203,405 265,142 Support costs Management Accountancy Independent examiner's fee Administrdtive service5 Fieehold property 21,043 3,960 20,615 20,IXM) 5,249 5,249 50,252 49,464 Human resources Social security Penslons 1.656 2,499 1,656 4,155 1,656 This pa8e does not forni part of the statutory finantial statements Page 15 Barham Benevolent Foundation Detalled Statementof Flnanclal Adivl forthe Year Ended 31 Marth 2025 2025 2024 Total resources expended 275,987 338,597 Net expenthture bekne Balns and losses 1101,3671 1171,7351 Realised re¢o8nlsèd Bah￿ and losses Reallsed galns/llossesl on r￿ed asset Investments 85,678 386,243 Net le￿en￿lurel￿nC0rne 115,6891 214,508 This page does not forn) part ofthe statutory flnandal ststements Page 16