FELIX FOUNDATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
REGISTEREO CHARITY No. 267305
BDB PITMANS
Re9Sstered Olltce
4fyosvwSgu8
Gros*w S)v•
C81 2JH
Rth1ifV, RG1 2LV
Sothamplon, SO15 28E
OX 33￿1 Cantsty24 DX 146420 Readw 21 DX W16 3
T +44 {01345 222 9222 Ww¥Rw bwwts.cc
don
EC1A 7BL
DX 339401 Wl

FEUX FOUhlDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
CONTENTS
Page
REPORT OF THE TRUSTEES
REPORT OF THE INDEPENDENT EXAMINER
STATEMENT OF FINANCIAL ACTIMTIES
BALANCE SHEET
NOTES TO THE FINANCWL STATEMENTS

FELIX FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees are FAeased to present their annual Trustees, ieprxt togetw wth Ihe fina￿al staternents of the
tharrty lor the year ended 5 Awl 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Full name. FelL¥ Foundat
Registered Charity number. 267X
Prinrypal address
BD8 Prtrnans LLP
One Barthdomew Close
London
EC1A 78L
Tru5tees'
Mr F Appeltr
Mrs V Thornas
Di L Hobby
Mr A Appelbe
Mr W Thomas (Appoinled 21 February 20231
Independent Exatniner.
Mrs Julia Strike TEP
One Barth(Aornew Close
EC1A 7BL
STRUCTURE, GOVERNANCE AND ￿NAGEMENT
Governing document
Tre Chanty is controlled by rts 9)verning a de&J of Irust dated 17 March 1￿. and conststutes
an unincorFK)r*ed Chanty.
Appolntment of Tnjstees and Trustee Induction and training
Trustees are appointed by deed New Trustees are trffl'efed on their le9al oblvJations urKlei chanty law. the
Charty Cornrnis5ion guidaTr￿ on benefit. inlomied of ts contents of the deed. decisi￿-MakIng
Fxoces5es and ￿￿nt IinarKial perfomiarrE of ts Chanty Before t*ing C￿ the rde they meet key
advssors and other Trustees Trustees are enctsjiaged to attend appr(wate extemal training events
these wll fa(ilrtate the undertaking of th8r rde Mr W Thomas was apwnled to ad In the year.
Risk Managemènt
The Trustees recognise that they have a duty to idenb.fy and review nsl(s to the Chanty Is exposed
and to ensure appropriate contrds are in to provide feasonatAe assurance against fraud and error
The Tmstees have t￿sidered main a￿3$ ol ask and are ol t1￿ O￿nIOn that the Charity ha5 the
resou￿S that. under normd conditK)n5 V+Duld alhyw these risks to be mibgated to an 3￿Ptab￿ levd in its
day-tfrday operab"ons.
OBJECTIVES AND ACTIVITIES
The Charty Wds created by deed of tru51 daied 17 Marth 1￿ and exists to benefit s￿h legalty charitaNe
i*)jeGts as the Trustees at their discretion selecl
The Trustees cA)nsider applications for grants at m￿￿r￿j$ arKI genwalty thrc¥yJlKMJt the year
Paje 1

FEUX FOUNDATSON
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024 l¢onLI
Public Benefit Statement
The Trusiees have referred to the Charty Comrniss￿n'S ge￿ra1 guidance on pu￿1¢ benefit when
viwng the Trust's aims and obJeclNes arKJ in planning future activitEs and dec4ding on the grants for
the year. The Chanty's objects are f(x the public I￿nefit. TtK)se objects are achieved by virtue ol the
grants m&e by the Trustee5 to Chynbes In EnsdaTrJ and wa￿ arKI to iThYivKJuas to assist wth their
eduo3tK)n
ACHIEVEMENTS AND PERFORMANCE
The Trustees rnel on variojs OCG3gOllS to c￿51￿￿ tr* charitys athvities and achievements during the
year The charitable (Jonalk)ns agreed. 15 grant5 wpre made durirKJ the yew 12023". 15 grants),
rangng from £200 to £5.rKo and the totJ is Sh￿ In note 2 to tt)e5e aclxiunts
The Trust Funds f*l¢J in Investrnents and cash. Irthne for year. in Ihe forrn ol dividend5 8nd
Interest, amunle¢ to £3C>,41912023". £29.5361. market value ol tt* Investments at the date of the
Balance Sheet vrds £524.27512023 £529,649) Trustee5 fK)tgA fall In value of the InvestrnentS
The Trustees are aware of the econcNnic ￿sIS and the war in Ukraine and the orwryng Impacl they could
have on the investments and th•'r values the incx)rne an51ng frcrfn those investments The Charrty Is
Invested for the teim and Ihe trustees will Contin￿ to rnOnst￿ the Investments and their
FINANCIAL REVIEW
Charitable Expenditu
The 2024 Grants totalled £25.7CQ12023". £20.5￿1.
Other ExpEnditure
EXpendrtU￿ rdab.ng to the management. aJmintstrth"c￿ and WVeMan￿ ol the Charity, amounted to
£4,23912023". £3,558). less than 1% of the vakje of ￿ thanty at 5 Aw"12024.
Investment Pollcy and Performar
The Trustees have an Investment F*JlfiAio wilh M&G cA%n￿stng shares in tt*ir Steding Charifund, wth
units held in both their Income and Ac[￿ula￿￿ fuThJs. The investment In ihese lund5 offers the
trustees the right of raprtal grty•th and Irwne to meet th￿r and Is actively managed by M&G
direct. The Trustees monilor Ihe Ferfomiarte at th8r meetirvJs and vknen quarterly repwts are
re￿ived.
The investment FKXtfdio sho•Ed an decrease in market value over the peti(xl. wth unrealised losses of
£6.32912023." £32.2291 Thwe here rKJ realised gains Ios5es12023 r￿e}.
Restr¥es poli￿ and goirvJ concem
The Trustee5 aim to Use the irtome ansing dunrKJ e&h year for grants. If there Is 5nsufficient annual
Incune In the year, expendatAe end(MThent Is used to make the shortfall. li is Th)t envisaged that there
wll be future comrnitments Ihat eX￿d fuiuie in(xJme on an annual basis therefore the trustees are
haFPY %4ith the current reserve level The Trustees a￿ of Ihe wew that the Trust is a going t￿Cern.
Exemptions from Disclosure
There a￿ no exernpb.ons fiotn thsdosuie.
Page 2

FEUX FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024 IconL)
Law applicable to tthatibes in EfigLA￿ & wa￿ requires tr* Trustees to prepare finanaal statements
for each finanoal year %￿Ich give a tnJe and fair view of the thanty's finawal adivities during the
year and of Its IinanGal position at the end of the year In preparing finarKJal Statements g4ving a true
and fair view, the Trustees should best prath￿ arKI".
. seleci surtatAe aCc(v￿ti￿j Ove5 and then appty them cc¥)*Sknty.
- make jujgements ar¥J estimates that are reasonable ar¥J
. state vthether appli(3tAe ￿￿n￿r￿j StaTrJ¥ts aThJ ststements of recx)rnmended
practs.ce have been folhy*ed. SLbJect to any departures disdosed explainetj In the
finanoal staternents and",
prepare the financial statements on the g(Mng c(xw basis un￿sS il is inappropriate to
presume that the chanty ￿11 In operation
Tfre Tnjstees are resw)&ble foi kee￿n9 wJuntiThJ r￿dS (&5d05e wth ￿8$onab
accxjracy the finanoal position of Chanty arKI M41Kh enatAe them to ensure that the financKal
Statements CoM￿Y wth appltsble law and regulati￿$ They are also resrx)nsible for Saf￿￿8rding
the assets of the Charity and hen￿ for takirKJ rèasonalAe steps fN the trfeveth.on and detection tsf
fraud and other irregulantie5
Slgned on b•half of the trust￿.
PaJe 3

FELIX FOUNDATION
REPORT OF THE INDEPENDENT EXAMINER TO THE TrUSTEES
IN RESPECT OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
I report to the Truslees on my exarnination of the accounts of the Felix FOundat￿n for the year ended 5 April
2024 which are set out on pages 5 to 9.
Re5ponsibilitles and basis of report
As the charity trustees of the Trust you are responsible the preparabon of the accounls in accordance wilh
the requirements of the Charities Act 2011 Ilhe Arfl_
I report in respect of rny examinatson of the Trusfs accounts (xrried oul undef section 145 tsf Ihe 2011 Act and
In carrwng oul my exarninaiion I have folbwed all the applicable Direct￿n9 gNen by the Charty Commi55ion
under section 145151 Ibl of the Act.
Ind•ptndent examinerfs ststement
have completed my eXaminat￿n. I confimi that no material wnatt8r5 have corre lo my attention in connection
¥￿th the examination giving me cause to believe Ihat in any materh21 ￿spect..
accounting records were not kept in respeL1 of Ihe Trust as required by section 130 of the Act., 01
2. the 8ccount5 do not accord wlh tlw)se re(x)rds.' or
3. the accounts (Jo not compty ￿th Ihe appl￿ble reqU1￿ments conceffling the form and content of the
accounts set out in the Charities IAccounts and Reports) Regulat￿n$ 2QK18 other than any
requifement Ihat the accounts give a and faif view vhich is not a matter consKlered as part ol
an independent examinab"on_
I have Th) concems and have come across other matters in ￿nnection with the examination to which
attention should be drawn in this report in order to ena￿e a prow uThJerstanding of Ihe accounts to be
reach
Mrs Julia Strike TEP
One Bartholomew Close
London
EC1A 7BL
Date..
1&./.2025
Page 4

FELIX FOUNDATION
STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
Fund
2024
Tot81
2023
Ncrtes
INCOME & EXPENDITURE
Income and endowments from..
Investments
30,418.78
29.535
Total Income and en￿o￿Trents
30.418.78
29.535
Expendlture on:
Charltable tXP8nditure
Giants
Suppxt costs
25,700.00
4.239.00
20.500
3,558
Total èxpenditure
29.939.00
24.058
NET INCOMEIEXPENDITURE
479.78
5.477
Net Ikjssesl on investrnents
16.329.OS
132,2291
Net lexpendliurèvincome
15,849.271
126.7521
Reconclllation of funds
Fund balan￿ brought forward
551.186.32
577.938
Total funds carried fopKdrd at 5 April 2024
545,337.05
551.188
Paje S

FELIX FOUNDATION
BALANCE SHEET AS AT 5 APRIL 2024
Notes
2024
2023
Fixed A￿ts
Investrnents
524.275.33
529.649
Curr•nt Assets
Cash
21,901.72
21.537
Less.. Current Llablllties
Amounts falling due ￿1n one year
BDB Pilmans LLP lee
Net Current Assets
21,061.72
21.$37
Net Assets
$45,337.05
551,186
Funds
UnrestriLted funds
545.337.05
551.186
The financial statem￿t$ were wroved by the Trust￿ arxl thw'r behaff by.
Ic
F Atpelbe. Trustee
Date".
5/I/L4
P4e6

FELIX FOUNDAT1014
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO S APRIL 2024
1. Accounting Pollcles
Basis of a
The financial statemetts have i￿en prepared under the hislorical cost convention. with the ex￿ptIOn that
investments are shown at market value as at Ihe balance sheet date and afe in accoidance with the
Statement of Recommended Pract￿.. Accounting and Rewting by Charitie5 preparing their accounts in
accordance wilh the Financial ReKx)th"ng Slandaid appliG4ble in Ihe UK and Republic of Ireland IFRS
1021 leffects"ve, 1 January 2015} and the Charr(￿$ Act 2011. The Chanty constitutes a public benefit
entrty as defined by FRS 102 Having assessed the Charrtls finanual positK)n and p18ns foi the
Yoiesee8ble fvlure, the Trustees are sats"sfied that it ￿MaInS appropriate to prepare the financial
statements on a going concem basis. Where n￿ssary estimates and judgernents are based on
historical experience and other laclors.
The accounts have been prepared ￿ accordance wilh the Fi)ancial Reporting Standard applirable in the
United Kingdom and Republic of IFRS1021 and with Ihe Charities Act 2011.
Ex enditure
A liability and related expenditure is recognised vA￿n Ihere is a legal or {￿S1￿CtIve obligatKJn at the
balance sheet date as a resun of a pa￿ event. that it 15 likety to be settled and that rt can be measured
liab￿.
Funds
The Unrestricted Fund comprises ihose funds the Trustees are free Io use ￿ accordance wrth the
charitable objecis.
Chari
ble Grants
Grants are recognised when the Trustees have ffode a decision to make a payment and that deasN)n
had been communicated to the recipient and rt is probable that payment will take place. Howevef. the
ognition of any liabilty wl1 be dependent on any cA)ndrtK)n5 attaching lo Ihe cornrnitment.
Investments
Investments are stated at rna￿et value as at 5 April 2024. In¥e5tment gairhs and 1055es a￿ disdosed in
the Statement of Financial ActNitw.
Investment Income
Investment incorre and lax recoverab￿ are accounted for on a receivable basis.
2. Charitable Expendlture
2024
2023
Grants made dunng the year lotslled..
25,700.00
20,500
Support costs
Le9al & Professional
VAT Inon recoverable)
3.532.50
706.50
4,239.1)0
2.965
593
3.558
29.939.00
24,058
Page 7

FELIX FOUNDAnON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR RENDED 5 APRIL 2024 IconLI
3. Investments
Movements on quoted investffent5 We￿ as fdkrws".
2024
2023
Market value brought forwafd
Add.. acquisthns at cosl
Net110551 on revaluation
$29,648.86
955.52
16.329.OSI
560,949
929
132.2291
Markèt ¥alue at year en
524.27S.33
529.649
Historic cost value atyear erKI
303.002
302.047
All investments are situated in the UK and ￿"Sted on a recdTrJnis•J stock exchange.
Investments which ￿PreSent 5% or ￿￿re of the total portfolK) are considered by Ihe Truslees to be material
and are..
2024
2023
.[￿% 96 28%
M & G Charifund- Inwne Units
4. Investrnent Income
2024
2023
Income from UK investmenls
30,418.7B
29,535
Movemènt in Fund$
2024
2023
Unrestricted Funds
General fund
Fund value brought forward
Add
Net movement in funds
551.186.32
577,938
15.849.271
(26,7521
Fund value at year end
$4S,337.05
551,186
Net movement i) funds labove}. arises a5 follows..
2024
2023
Unrestrfcted Funds
General fLJnd
Income
Gains and bsse5
30,418.78
16.329.051
29.535
132,2291
24.089.73
12,6941
Less.. Expenditure
29.939.00
24.058
15.849.27)
126,7521
Page 8

FELIX FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR RENDED S APRIL 2024 IconLI
6. Trustees. Remunerdtoon and Expensts
None of Ihe Trustees have been paid any reM￿eratiOn or rer2Ned any ot￿r benefits frorn an ernployment
wrth their charity or a relaled eTrtty. no trustee expenses have been incurred nor have there been any related
paty transactions in the reFK)rting period Ihat require disclosu￿. 12023 also £0 In all cases). Independent
examination fee5 are charged but they are part of 8DB Pitmans LLPS general expenses. The fijnctions are
carried 0￿1 separatety wrthin BDB Prtmans LLP.
7. Employets
The Trust does nol ha¥e any em￿OYeeS(2O23." none).
Page 9