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 A￿ust 2026}
Mr Stephen CCI*￿uM
Mrs Harriet Frazer
Miss Priscilla Parish
Dr Hemiione COc￿M
Charfty Reglstratlon Number 266324
Principal Office
The Clerk lo The Behfens F￿￿jatiOn
clo Fiske PLC
WL¥)d Str••t
London
EC2V 7AN
behrensfoundation
Crane Cox & Co
4 Canal Rise
Br*Jgerule
Holsworthy
Devon
EX22 7FF
Colemans Solicitors
Padd￿khaIl ChambeTS
Paddcrkhall Road
Haywards Heath
Wesl Sussex
RH16 1HF
Independént Examlmr
Sollcltors
Bank•r8
Nalwesl Bank PIC
BUS￿esS Banking
Page 1

The Behrens Foundatlon
Trustees. Report
The trustees present Ihe annual rep￿t 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 ccrfttribu￿J 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 w￿dIng 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 ￿ntrn￿8 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 y￿￿u$l$ 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 Coll￿9
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* pro1￿1 has progress&J and acts as
a snapshot of the joumey or final outcome. rather than a f￿1 sYn0￿S 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 p￿k)d. In preparing these financial statements. th&
Irustees are requlrad lo..
selèct su6table accounting poltcies aThl then appty them consistenlly,.
observe the methods and prIncIp￿S in the Charilles SORP..
make J￿1gementS and esbmales that Bre reasonable and wudent.
state whether appli¢at4e accounting standards have b8¢n follo**d, 8￿b￿t 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 det￿IK)n of fraud
and other irregu18dlies.
Thg trustees are reSPon￿bIe 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{￿ b31￿allOn 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 Foundat￿n you are ￿spOnsible for the preparation of the
accounts in accordance wrth the requirements of the Chant*s Act 2011 ('the Act'l.
We report in respect of our examinat￿1 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 examin*ion 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 ax￿ndrturfr
Oth•r r•tognl•ad galns and loss8s
GainsAosse8 on rev8lu8tion of r￿ed 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 FOundat￿n 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 en￿￿ement to
the Incomè. there is sUffiC￿nI 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 prOfe￿Onal 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 recIp￿nt 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 aCcn￿d 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 intent￿n 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 t￿nstitUtional 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 Chargea￿0 Gains Acl 1992, to the extenl ihat such income or gains are applied
exclu$ivety* to chari18t4e purpcfje8.
Flxed asset Invostments
Flxed asset investsments are in￿ded at matl(et V8lue al the balgnce sheet dale. Realised 98in8 and
sses on investments are eakulaled as Ihe dmlerence behveen sales Fffoceeds and thelr market
value at the start of tha y6ar. or their subs8quenl cost, end are charged or credited to the Statement
of FinanGial Acliviti8s In th6 periTrJ of disposal.
Un￿alised gains and losses represenl th8 movement In mathet values during the year and are
credit&J or Charged to Ihe Stslement of FIrw￿la1 based ￿ the market value at the ypar end.
Cash and cash •qulval•nts
Cash and cash equiv8lents comprise cash on h8nd and caH doposits. and other short-term highty
Ilquid investments that are readity C￿v8rtsb1a to a known amount of cash and are subject to an
Insignrficanl risk of change in value.
Fornlgn ex¢hang•
Transactions in fihTrign currencie$ aiE recorded at the rale of exchange 8t the dale of the transaclion.
Monetary assets a￿1 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 pr￿8 (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 finar￿lI 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 0￿Y when the obligatkjn spe(¥fi&J In th8 ￿ntract Is discharg8d,
ancemed or exFMres.
Investmonts
Investments in non-convertible preferen¢e shares arwj nOr￿pu￿able o￿l￿ary or prefe￿n￿ 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[fi￿nI lapse of lirne since the transacti￿ to)k ￿9￿. If the Ma￿et is not active and recent
transactions of an identical asset on their (ya￿ are not a g￿J 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 reimbur*l 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 be￿fits 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