Charity regi%tfdtion nurnlxr.. 266324 The Behrens Foundation mual Report and Financlal Statements for Ihe Year Ended S Aprll 2026
The Behrens Foundatlon Contents Reference and Administrative DetaiL Truste8s' R8port 2to4 Independent ExamineVs Report ststem8nt of Financial Activitss Balance Sheét Notes to the Financial Slalemenls 8t014
The Behrens Foundation Reference and Administrative Details Mr Jonna Behrens (Retired 14th Aust 2026} Mr Stephen CCIuM Mrs Harriet Frazer Miss Priscilla Parish Dr Hemiione COcM Charfty Reglstratlon Number 266324 Principal Office The Clerk lo The Behfens FjatiOn clo Fiske PLC WL¥)d Str••t London EC2V 7AN behrensfoundation Crane Cox & Co 4 Canal Rise BrJgerule Holsworthy Devon EX22 7FF Colemans Solicitors PaddkhaIl ChambeTS Paddcrkhall Road Haywards Heath Wesl Sussex RH16 1HF Independént Examlmr Sollcltors Bank•r8 Nalwesl Bank PIC BUSesS Banking Page 1
The Behrens Foundatlon Trustees. Report The trustees present Ihe annual rept tog8ttw the finanrial ststements of the charity for the yèar ended 5th April 2026. The truste8s who serv8d during Ihe year and up to Ihe date of thls report are set out on page 1. After more than four decades of service. Mr Jonna Behrens retired on 14th August 2026 as a trustee of thè Foundation. The remaining trustees %MyJld like io put on record their imFnense apprecialK)n of evewing that Mr Behrens has ccrfttribuJ duriNJ tine kn offi. Structur•. govomancé and managément Natur• of governlng do¢um8nt The Behr8ns Foundation is the name thg CharitaLle Trust set up by the late Edvrdrd Michael Behiens in April 1973. After his death in January 1989 residue of hig estale was retsined by his executors for the Ilfetime of his WKlow, Mrs Helen Constance Felicity Behrens, who died in August 2001. Following cornplelion of th8 wdIng up of her estste and the investment of the capital sums received, the Trustees anticlpale that the 8nnual income will amount lo a sum in Ihe region of £120.000. The twstees do not activety attempt to raise further funds bul seek to ntrn8 the charitabl6 Work desired by lh8 donor through careful 5tevrdrdship of its existing r&sourc8s. Objectlves and actlvFtI•8 Publlc benfjfft The primary purpos8 of tho Tnjst Is the promots'on of the arts through the makir¥J of dona16on8 10 appropriate Institutions and indlviduals. Tha tnjstees confimi that thoy have complied wilh tho requirements of section 17 of thé Charities Act 2011 to have due regard to Ihe publi¢ b6nefft guidance publbhed by the Charity Commission for England and W8165. Grant maklng pollGles The TnMt has 88tsb16shod Its don811on makin9 poltcy to a¢hieve Its objocts for the benefit. Th6 Trusvs alm is 10 8UPF*Yt the educatlon of yu$l$ and Iho perfryrnar of the arts by in8titution$. The Irustses have contlnued grantlng donatM)ns at a htgher l&vel Ihan uKome, drawing on resetves brought forward. Page 2
The Behrens Foundatlon Trustees. Report (continued) The donallon¥ durfng Ihe y¢ar were as follows: At the Bus 8.000 10.000 5.000 3.000 20.oc 5.000 12.(K 15,0(X) 10,000 45,(XXI 10,(M)O 5,000 Brighton Eaty Music Clty & Guikls of London Art SctKrf)I Create (Arts) English National Opera English SyTnphonia Orch8stra Famis for Cty Children Guildhall School of Muslc & Drama Laurence OINier Bursary Lettering & Commemorattve Arts Twst London Handel Society New Sussax Opgra Royal Central School of Spo8¢h & Drama Royal Nallonal Children Springboard FouThJation Sl Bart8 Hospital profe>[5hlp Th8 Old Vic The8tr8 10.000 5.000 15,LN)O 190,000 Wast Dean Coll9 Page 3
The Behrens Foundation Trustees. Report (continued) Achlevem8nts and porFonnance The annijal report is an opportunity to lake sl(Kk ol how lar eac pro11 has progress&J and acts as a snapshot of the joumey or final outcome. rather than a f1 sYn0S of the a¢hiev8menL Flnanclal rnvlew Th8 Trust's work is ents'r8ly reliant on incomè from ts investmwts aThJ cash dèposiis. Th9 V81ug of these investments has decreased ryth a loss of £71.484 before investment revalualion. incomo genorated of £119.537. Statement of Respon¥lbllltl•s The truslees are responsible for prepadng the trustees. repcrt arKI the financial ststements In 8ccordance wrth the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applcable law and regulations. Th8 law 8pplicable to charities requires the tnjstees to prepare fin8neial statgments for each financi81 year whrch give 2 true arKJ fair wew of th8 Stale of affairs of the ¢h8rlty and of the incoming resources and application of resour¢e$ of the ch8nty for that pk)d. In preparing these financial statements. th& Irustees are requlrad lo.. selèct su6table accounting poltcies aThl then appty them consistenlly,. observe the methods and prIncIpS in the Charilles SORP.. make J1gementS and esbmales that Bre reasonable and wudent. state whether appli¢at4e accounting standards have b8¢n follo*d, 8bt to any material departures dlsdosed and explained in the financlal statements; aTrJ prepare the financid statements on ts wing concem basis unkn it Is inappropriate to pr88um8 that the chanty will continue in business. Th8 trustees arfr rnsponsible for kee.ng proper accounllng rocords thal disclosè with reasonable accuracy at any limg the financial posltion of the charity and enable them lo ensure that the financial statement8 comply with the Charities Act 2011. tha Charibos (Accounts 8nd Rewrts} Regulations 2008, and the prowsiorts of th8 conslltulK)n. The Iruslees are also responsible for safeguarding Ihe assets of the charity and h8nee for tsklng Tea50natAe 8teps for th8 prevention and detIK)n of fraud and other irregu18dlies. Thg trustees are reSPonbIe f¢x ts maintgnance and Iniegrity of th• corporale and financlal information included on the charitable compan1$ wEbsile. Legislation goveming the preparat1c and disseminalton of financial statements may drffer fr{ b31allOn in othef Jurisdiclions. The annual report was approved by Ihe truslees of the chanty 20 August 2026 and signed on behalf by.. Mr S J Cockbu Trustee
The Behrans Foundation Independent Examinerfs Report to the trustees of The Behrens Foundation Wo report lo the Charrty trustees on our examination of th8 accounls of the chanty for the ye8r ended 5 April 2026 which ale set OLrt on pa9es 6 to 14. Rosponsibilities and bas of report As the chaTity'3 trustees of The Behrens Foundatn you are spOnsible for the preparation of the accounts in accordance wrth the requirements of the Chants Act 2011 ('the Act'l. We report in respect of our examinat1 of th8 The Behrens F¢)undation's accounts carri out under section 145 of the 2011 Aet and In caTry7ng oul our examination we have followed all the applicable Directions given by the Charty Commiss+ under section 14515}Ibl of th? Act. Independont examln•r'$ $tat•m8nt We have completed our examination. We eonfimi Ihot no materid matters have come to our attention in connection wrth the examination giving us cause to believe th8t in any materi81 respect.. 1. accounting fe¢ord8 were not kept in respect of The 8ehren$ Foundation as requirejj by seetion 130 of thg Act". or 2. the accounts do not accord with those records., or 3. the accounts do not compty with the ¥¢ounlin9 requirements conceming the fom and conlenl ol a¢Gounls sel out in the Charrties (Accounts and R8PQrtsl Regulations 2008 other than any requirement that the aecounts gwe a Irue and fair vw/ which 1$ not a matter consid8r9d as part of an independent oxaminathJn. We have no concerns and have come across no other matters In connection wrth the examinion to which attention shoukl be drawn In this report in otder to enable a pioper understanding of the accounts lo be reached. Crane Cox & Co Chartergd Accountants 4 Canal Rise Bndgerule Holsworthy Devon EX22 7FF 20 August 2026 Page 5
The Behrens Foundation Statement of Financial Activities for the Year Ended 5 April 2026 Total Total Unrostrtctsd Unrastrlcted funds funds 2026 2025 Note Income and Endowments from: Investment incom8 119,537 117,774 Expendlture on: Charitable activities Other gxpendilure {190.0001 4,956 (358,0001 3,214 Total expendibjre GainsAo8ses on investment assets 194,956 3,935 361,214 132.451 Net axndrturfr Oth•r r•tognl•ad galns and loss8s GainsAosse8 on rev8lu8tion of red assets for charftys tr4m use 171.4841 (110,9891 706,9 178,300 Nel movement In tunds 634,885 (289,289) Roconclllatlon of funds Total lunds brought foNBr(I Total fund8 cathed fornvard 2,923.873 3,213.162 11 3,558,758 2.923,873 All of the chadty'$ acttvilies derive frcAn ¢tinUing operations duriThJ the above iwo p8rk)ds. The funds breakdowTr for 2025 Is 8hown wi note 11. The notes on pages 8 to 14 form an integral part of thgse ffinancial stalernents. Page 6
The Behrens Foundatlon (Registration number. 266324) Balance Sheet as at 5 April 2026 2026 2025 Fixed assets Investments 3.229.000 2,622,696 Current assèts Cash al bank and Mi hand 333.738 304,067 Crndhors". knunts falllng duo wlthln one Not curr•nt ass•ts 2,890 329.758 301,177 2,923,873 Net ass•t• 3,558.758 Funds of the ¢hwlty: Unre8trlctsd InGtMi• lund• Unreslricled funds 3,558,758 3,558,758 2.923,873 Total funds 11 2,923,873 The financial stalernonts on page8 6 to 14 V+we approved by the trustees, and auihorised for i88u& on 20 August 2026 and swned Iheir behall ty. Mr S J Cockbum Trustee H Cockbum tustee The notes on pages 8 to 14 foThn an integral pwt of Ihese finandal statements. Page 7
The Behrens Foundation Notes to the Financlal Statements for the Year Ended S April 2026 1 Accounting pollclos Statement of compllance The financial statements have been prepared in accordance wlth the second edilM)n of the Charities Statgm8nl of Recomm9nded Practice issu8d in October 2019, the Flnan¢ial R8POrting Stsndard applicabl8 in th8 United Kingdom and Republic of Ir8land {FRS 102) and thè Chanties Act 2011. Basls of praparntion The 8ehrens FOundatn meets the d&firMbon ol a publ b8n8fft tntmy under FRS 102. The accounts (financial statomentsl have been tryiar&J under the historical cost oJnvgntDn with Items recognised at cost or transaction value unl8SS Oth8Th¥lse staled in the relevant note(8} to Ihese accounts. Ex•mptlon from preparfng a ctsh ilow stal•m•nt The chadty opted to adopt Bulletin 1 publlshed on 2nd Feiw 2016 and have theref not Indudod a cash flow ststement in these finan(#al slatemenls. Golng concern The trustees conslder that there are no material uncertainties aly)ut the charitys ability to conllnue 88 a going ¢oncem. Incom• and ond¢)wmgnls All Income Is recc¥Jni88d within the ststement of financial activities once ihe Charity has enement to the Incomè. there is sUffiCnI certalnty of recwpt and so it is probable that the incomo will be recetved. and the amount of income receivable can be quaniffied with re8$onable accuracy. Inv•8tment Incom• Interesl on funds held on deFWt is included receivabte and the amount can be measured rellably by the charity.. this is norm81ty upon r*otffication of the int&resl paid or payable by the bank. Dividends are recognised on¢¥ the divwjend has been dedared and notificatK)n has been reeeivèd of th@ dividend due. ExpendltUTO All expenditure is recognised once there Is 818gal or constructlve obllgation commlttlng the charity to that expenditure, r( is probat4e that setuement will bè rgquired and th8 am(KJnt of th8 obllgab.on r3n b8 measured reliably. All exp&ndthJre is actountad for on an accruals basis and has be8n classrfied under haadings that aggregate all costs related to the calesY)ry. Ralslng funds Thg costs of generating fvnds (x)n8iSt of investment management aTrJ certain prOfeOnal fees. Page 8
The Behrens Foundation Notes to the Financlal Statements for the Year Ended 5 April 2026 {continued) Charltablo actlvltl6s Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. In the c4se of an uncondrtional grant offer this Is accrued On th8 recipient has been notifie(l of the grant award. The noitftalion gives the recIpnt a reasonable expectstion that they will ceive the one year or muhi-year grant Grant awanls that are subj'ecl lo the racipienl fulfilling P8rformance condits'ons are onty aCcnd when the recipient hag been notified of th8 grant and any r8rnaining unfulfilled (>JThJiti"ons attaching lo that grant are outside of the control of the Trust. Grant provlslons Provisions for grants ar8 made when the intentn to make a grant ha$ been communicale(1 to th8 re&ent but there 18 uncertainty atth either the timNig of th8 grant the amount of grant payabb. Govomancè ¢¢)6t8 Th8sa include the costs attr¢butable to the charitys compliance wth tnstitUtional and statutory iequlr6m8nts, Including accounlan¢y r8Vtew. strategic management and truslees, meetings and reimburs8d 8XP8nses. Taxatlon The charity is considered to pass the tests set oul in Paragraph 1 Schedule 6 of the Financ8 Act 2010 and therefore it meets the definition of a charitable trust for UK corporation lax purposes. Accordingly. the charity is potentially exempt from tsxation In respect of income or caprtal gains received within catègories cover8d by Chaptsr 3 Part 11 of the Corporabon Tax Act 2010 or Section 256 of the Taxation of Chargea0 Gains Acl 1992, to the extenl ihat such income or gains are applied exclu$ivety* to chari18t4e purpcfje8. Flxed asset Invostments Flxed asset investsments are inded at matl(et V8lue al the balgnce sheet dale. Realised 98in8 and sses on investments are eakulaled as Ihe dmlerence behveen sales Fffoceeds and thelr market value at the start of tha y6ar. or their subs8quenl cost, end are charged or credited to the Statement of FinanGial Acliviti8s In th6 periTrJ of disposal. Unalised gains and losses represenl th8 movement In mathet values during the year and are credit&J or Charged to Ihe Stslement of FIrwla1 based the market value at the ypar end. Cash and cash •qulval•nts Cash and cash equiv8lents comprise cash on h8nd and caH doposits. and other short-term highty Ilquid investments that are readity Cv8rtsb1a to a known amount of cash and are subject to an Insignrficanl risk of change in value. Fornlgn ex¢hang• Transactions in fihTrign currencie$ aiE recorded at the rale of exchange 8t the dale of the transaclion. Monetary assets a1 liablities denominated in foreign currencies al the balance sheet dale are reported at the rates ol excharKJe prevailing at Ihat date.
The Behren5 Foundatlon Notes to the Financial Statements for the Year Ended 5 April 2026 (continued) Fund stru¢turg Unrestricted income funds comprise those funds which the trustees are free to Use for any purpose in furtherance of the charittikAe objecliv8S. Flnanclal Instruments Classlfleatlon Financial assets aThJ financial liabilitles are recognis8d the charity becomes a paty to th& contractual provi¥ions of the inslrumenL Financial IKabllhles and equty instruments are dassifted actordng to the substance of the contractual arrangements entered into. An equty instrurnenl is any contract that evidences a residual inlerest in the assets of the Chaiity 8fter deductiry all of Its Ilabilitw. Recognltlon and mea$uroment All financial assets and liabilili&s are initialty méasured 81 transactron pr8 (including tr8nsactlon costs), except for those financial assets classrfied as at fair value through wofft or loss. which a inihalty measured at fair vdu8 Iwhi¢h is normally Ihe transacti( price exduding transaction costs), unless the arrangernent constilules a financiThJ transaction. If an arrangement conslilules a financing Iransaclion. the financial asset or financial liability is measured al the presenl value of the fvture payrnenls discounted 81 a market rale of inleresl for a smilar debl instrum&nl. Flnan¢181 assets and Irabrfities are onty offset in the 8tstement of finarlI posilion when. end only when thor8 exists 8 legally @nforceable rKJht to sel off the recognised amounts and the charity Intends either to Settle on a net basis. or to realise the ¥ssel and sewe the h'abilty simultsneously. Flnancial assets are dere¢ognised when and only vthen a) the contractual rights lo the cash flow5 from the Ilnandal a88el expire or are settled, b) the tharity transfers to anolh8r paty substants'ally all of the rlsks and rewards of ownèrship of the financial asseL or cl thè charity, d8sprtti having retained some, but not all. significant risks and rewards of ownership, has transferred canlrol of the 888el to another p8ty. FinanclaS liabiliti8s are deTeo>3nised 0Y when the obligatkjn spe(¥fi&J In th8 ntract Is discharg8d, ancemed or exFMres. Investmonts Investments in non-convertible preferen¢e shares arwj nOrpuable olary or prefen Shares (where shares are publidy traded or their fair value is reliabty measurable) are measured 81 fair value through profil or loss. Where fair value cannot be measured reliabty, investménts are measurad at cost less Impalrment. Fair value m•asuremgnt The best evidence of fair vakn& is a quoled pr*e f an identical asset in an active market. When quoted prices are unavailable. the pnce of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significanl chaNJe In economic circumstances or a Sign[finI lapse of lirne since the transacti to)k 9. If the Maet is not active and recent transactions of an identical asset on their (ya are not a gJ estimate of fa value. the fair value is estimated by using a valuatton technique. Page 10
The Behrens Foundation Noles to the Financial Statements for the Year Ended 5 April 2026 (continued) 2 Invastmgnt inMmo Unr8strldod funds Total 2026 Totsl 2025 Incom8 from dividends.. Dividends racaivable from other listed investments Interest receivable and similar inoJme- Interest receivable on bank deposits Othér Income frcxn fixed asset investments 104,770 104.770 98,830 8.906 5,861 10.194 8,750 117,774 5.861 119.$37 119,537 3 Expondltur• on charftabh activitl•s Unrestrl¢l•d Total 2026 Totsl 2023 G•n•ral Grant funding of activities 19).000 190,(MXI 358,000 4 Other gxpgndhur• Unrestrlcted Total 2026 Total 2025 G8neral Examination of the financial statements Secretarial fees Other resources experKl8d 1,980 1.000 1.976 1,890 soo 824 1.976 4.956 4,956 3.214 5 Truste r•munerallon and •xp•ns During the year the tharily maje the folk)wing transactions vAth trustees: Mr S J Cockburn Travel expenses of £81612025.. £214) were reimbursed to Mr S J Crxkbum durlng the ar. Mrs Harfel Frazor Travel expenses of £109 {2025: £105) were reimburl to Mrs Harriet Frazer during the sEar. Dr H Cockbum Travel expenses of £228 (2025.. £Nil} Bre 1mburs• lo Dr H Cc¥J(bum during the year. Page 11
The Behrens Foundatlon Notes to the Flnancial Statements for the Year Ended 5 Aprll 2026 (contlnued) No trustees, nor any persons connected with them. have reL*ived any remuneration fr(Mn the charty during the year. No trustees h9ve recelved any other befits from the charity dwing the ar. 6 Taxolk)n The charlty is a reglstered and is theroth 8xempt from taxation. 7 Flxod asset Inv•stménts 2026 2025 other investments 3,229,(K 2,622,696 Oth•r Inve8tm6nts Llsted Investm8nts Totsl Cost or Valuatlon Al 6 April 2025 Revalu8tlon Disposals At 5 April 2026 1622,696 2.622,696 706.369 706,369 100,065 100,065 3,229,000 3,229,000 N•t book value At 5 April 2026 At 5 April 2025 3,229,CW 3,229,000 2,622.696 2,622.696 The histrirical c05t of the listed Investments at 5th Awil 2026 was £1.595,68512025 - £1,695.750 8 Cash and cash gqulvalents 2026 2025 Cash 8t bank Short-lemi Iyeposits 42.014 291.724 30,664 273,403 304.067 333,738 9 CredltoKs: amounts falllng due within ono year 2026 2025 Aceruals 3.980 2,890 Page 12
The Behrens Foundation Note5 to the Flnancial Statements for the Year Ended 5 April 2026 (continued) 10 Commilm•nts Capltal commitments Tha total amount contracte fty but not provmfj In th& financol statements was £Nrf (2025 - £Nil>. 11 Funds Balanc• at 6 Aprll 2025 Othor InGornlng Resources rKognlsed sourc•s oxpendod galnsl(loss•s) Balanc8 01 S Aprll 2026 Unr•#trfcted funds Genernl General fund 2.923,873 119.537 194,956 710.304 3,558,758 Balanco at 6 Aprll 2024 Other Incomlng Rosourc•8 r•cognlg•d rnsourM• •xpendad galnsl(loss•i) Balance at 5 Aprll 2025 Unrootrlctod funds Ggnoral General fund 3,213.162 361,214 117,TT4 2,923,873 45.849 Page 13
The Behrens Foundatlon Notes to the Financial Statements for the Year Ended 5 April 2026 (continued) 12 Flnanclal Instruments Categorfsatlon of flnanclal Instrument5 2026 2025 Financial assets measur&J at fair value through profil or h)ss Flnancial liabililias measured at fay value through Fyofit or loss 3,562,738 3.980 2,926.763 2.890 hem$ of Income. exponsos galns or IoM•s Incom• Exponse Net galn$ Nel losses 2026 Financial assets measured al fair value throwh profit or 119.537 194.956 710.304 Incom8 Exp•nso Not galn¥ N•t losses 2025 Flnanclal assets measured at fair value through profit or hjss 117.774 361,214 45.849 Page 14