2025-03-31-accounts - Bdo Charitable Trust

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Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Financial Statements Year Ended 31 March 2025 Charity No.: 278589

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Report and Financial Statements for the year ended 31 March 2025

Contents Page: 1 Reference and administrative information 2-3 Report of the Trustees 4 Independent Examiner's Report 5 Statement of Financial Activities 6 Balance Sheet 7-12 Notes forming part of the Financial Statements

Trustees Stuart Collins Daniel I Dover (retired 16 June 2025) Jill Halford Sophia Michael Matthew White Principal Office 55 Baker Street, London, W1U 7EU

Independent Examiner

Solicitors

Bankers

Perrys Audit Limited, 4th Floor, 399-401 Strand, London, WC2R 0LT Maurice Turnor Gardner LLP, 15[th] Floor, Milton House, Milton Street, London, EC2Y 9NH Cater Allen Private Bank, 9 Nelson Street, Bradford, BD1 5AN

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Report of the Trustees for the year ended 31 March 2025

The Trustees present their report along with the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity’s trust deed and applicable law.

Constitution and objects

The BDO Charitable Trust is constituted by a trust deed dated 16th July 1979 and is a registered charity number 278589.

The objects of the charity are to apply the income of the trust for charitable purposes as the Trustees shall in their absolute discretion determine.

Public benefit

In meeting the objectives the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and judge that all grants made meet this guidance. All grants are listed in note 3 on pages 8 to 11.

Organisation

The Trustees who have served during the year and since the year end are set out on page 1. The power to appoint additional Trustees is vested in the current Trustees and is exercisable in writing. Where there is a requirement for new Trustees, these would be identified by the remaining Trustees.

Financial review and investment policy

The Trustees have continued to support other charitable organisations within the objects clause of the Trust deed and there are no immediate plans to alter the way in which income is expended.

BDO LLP makes regular donations to the Trust and nominates specific purposes to which these funds should be applied. The restricted fund relates to these funds.

The Financial Statements show gross income of £50,000 (2024 : £75,000) in the year. After grants of £66,223 (2024 : £60,233) funds of £124,352 are available to be carried forward.

The Trustees are satisfied with the state of the Trust's Affairs.

The Trustees' policy is to hold the Trust monies on deposit to ensure sufficient liquidity for the Trust’s foreseeable needs and grants.

Reserves policy

The Trustees aim to maintain unrestricted reserves at not less than £100,000 in order to meet any exceptional calls for immediate charitable funding. The unrestricted reserves at 31 March 2025 were £116,882.

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Report of the Trustees for the year ended 31 March 2025

Risk management

The Trustees have identified the risks that attach to the continued administration of the trust and have taken steps to mitigate such risks as appropriate.

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf by:

Trustee

Date: 1/8/2026

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

Independent Examiner’s Report to the Trustees of

the BDO Charitable Trust

We report to the trustees on my examination of the accounts of the BDO Charitable Trust for the year ended 31 March 2025

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). We report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S Hale

Steve Hale FCA,FCCA

Perrys Audit Limited

4th Floor 399-401 Strand London WC2R 0LT

Date: 14th January 2026

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Statement of Financial Activities for the year ended 31 March 2025

----- Start of picture text -----
Notes Restricted Unrestricted 2025 Restricted Unrestricted 2024
Funds Funds Total Funds Funds Total
£ £ £ £ £ £
Income and endowments from
Donations and legacies 2 50,000 - 50,000 75,000 - 75,000
Total 50,000 - 50,000 75,000 - 75,000
Expenditure on
Charitable activities
Activities undertaken 3 63,923 2,300 66,223 55,233 5,000 60,233
Support costs 4 438 438 876 432 432 864
Total 64,361 2,738 67,099 55,665 5,432 61,097
Net (expenditure)/income (14,361) (2,738) (17,099) 19,335 (5,432) 13,903
Total funds at 1 April 2024 21,831 119,620 141,451 2,496 125,052 127,548
Total funds at 31 March 2025 7,470 116,882 124,352 21,831 119,620 141,451
----- End of picture text -----

All amounts relate to continuing activities.

The notes on pages 7 to 12 form part of these financial statements

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Balance Sheet as at 31 March 2025

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Notes Restricted Unrestricted 2025 Restricted Unrestricted 2024
Funds Funds Total Funds Funds Total
£ £ £ £ £ £
Current Assets
Cash at bank and in hand 5 8,340 117,752 126,092 22,263 120,052 142,315
8,340 117,752 126,092 22,263 120,052 142,315
Creditors: amounts falling due
within one year 6 (870) (870) (1,740) (432) (432) (864)
Net current assets 7,470 116,882 124,352 21,831 119,620 141,451
Funds
Unrestricted Fund - 116,882 116,882 - 119,620 119,620
Restricted Fund 7,470 - 7,470 21,831 - 21,831
Total funds 7,470 116,882 124,352 21,831 119,620 141,451
Approved by the Trustees:
Stuart Collins Jill Halford
Sophia Michael Matthew White
----- End of picture text -----

The notes on pages 7 to 12 form part of these financial statements

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Notes to the financial statements for the period ended 31 March 2025

1 Principal Accounting Policies

(a) Accounting Convention

The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.

The accounts (financial statements) have been prepared to give a true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following Accounting and Reporting by Charities, preparing their accounts in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

(b) Donations, legacies and similar income

Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.

(c) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

Irrecoverable VAT is recognised as expenditure under the same category as the item it relates to.

(d) Charitable activities

Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-period grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust.

(e) Governance costs

Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.

(f)[Taxation]

The charity is exempt from tax on its charitable activities

(g) Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There is a single restricted fund which receives donations from BDO LLP and is restricted to providing grants to institutions nominated by BDO employees.

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

(h) Going concern

The trustees consider that there are no material uncertainties about the ability to continue as a going concern.

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Notes to the financial statements for the period ended 31 March 2025

----- Start of picture text -----
Restricted Unrestricted 2025 Restricted Unrestricted 2024
2 Donations
Funds Funds Total Funds Funds Total
£ £ £ £ £ £
Donations received 50,000 - 50,000 75,000 - 75,000
3 Grants Payable Charity No. 2025 2025 2024 2024
No. of grants £ No. of grants £
Abbey People CIO 1180560 1 311 - -
Acorns Children's Hospice Trust 700859 - - 2 1,000
Action Aid 274467 - - 1 280
Action Medical Research 208701 1 275 - -
Adamsrill Parent Teacher Association 1098263 1 491 - -
Against Breast Cancer Limited 1121258 1 500 - -
Alder Hey Children’s Charity 1160661 1 1,667 - -
All Hands and Hearts (UK) Trust 1139938 - - 1 500
Alzheimer’s Society 296645 4 1,890 4 1,610
Alzheimer's Research UK 1077089 4 1,787 - -
AMREF Health Africa 261488 - - 1 500
Andy’s Man Club Limited 1179647 1 330 - -
Animals Asia Foundation 1086903 1 550 - -
Arthur Rank Hospice Charity 1133354 1 380 - -
Asthma and Lung UK 326730 1 500 - -
Aston School Parent’s Association 1052306 1 500 - -
Beatson Cancer Charity SC044442 1 690 - -
Beyond Food Foundation 1136234 1 500 - -
BINTI International 1167060 - - 1 1,923
Blossom Trust 1145318 - - 1 500
Bradfield Club 1154914 1 500 - -
Brave Futures 1149347 1 1,250 1 2,250
Bread and Butter Thing 1169383 - - 1 500
Breast Cancer Now 1160558 - - 1 500
British Heart Foundation 225971 1 225 4 1,793
British Red Cross Society 220949 - - 1 1,272
Campaign Against Living Miserably 1110621 2 614 - -
Cancer Research UK 1089464 5 2,157 12 5,772
Cancer Support Centre Sutton Coldfield 1089658 2 2,500 - -
Cardinal Hume Centre 1090836 1 500 * - -
CF Warriors 1178063 1 485 - -
Chapter One (U.K.) Ltd 1179625 1 500 1 500
Children's Liver Disease Foundation 298858 - - 1 500
Christie Charitable Fund 1049751 - - 2 1,000
Christie Charity 1201654 2 1,060 - -
Clatterbridge Cancer Charity 1051727 - - 1 160
Crawley Open House 1048919 1 140 - -
Crimestoppers Trust 1108687 - - 1 500
Crohn’s & Colitis UK 1117148 3 1,268 - -
Cystic Fibrosis Trust 1079049 1 475 - -
Dementia UK 1039404 - - 1 500
Diabetes UK 215199 4 2,223 1 165
East Suffolk & North Essex NHS Foundation 1048827 - - 1 185
Effective Ventures Foundation 1149828 1 455 - -
Carried Forward 24,722 21,910
----- End of picture text -----*

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Notes to the financial statements for the period ended 31 March 2025

3 Grants Payable (continued) Charity No. 2025 No. of grants Brought Forward Every Youth 1201811 1 Five Spires Academy PTFA 1166519 1 Friends of East Harptree School 1021131 - Friends of St John's CEP School 1123882 1 Friends of the Strays of Greece 1094238 1 GiveDirectly UK 1167938 - Glass Door Homeless Charity 1083203 1 Greenaway Foundation 1187817 1 Great Ormond Street Hospital Children's Charity 1160024 1 Greater Manchester Mayor's Charity 1198852 - Guide Dogs for the Blind Association 209617 - Health Help International 1078353 1 Heart Research UK 1044821 1 Help and Care 1055056 1 Hestia Housing and Support 294555 - HF Trust Limited 313069 - Hope Nottingham CIO 1161248 1 Hospice in the Weald 280276 - Islamic Relief Worldwide 328158 1 Kinetic Foundation 1151315 - Kings Hill VIPS 1181645 - Knowl Hill Foundation 299690 1 Lambrook School Trust Limited 309098 1 Larsen's Pride 1197746 - Lavy Charitable Trust 1199991 - Letchmore Road Infant School PTA 1029384 - Leukaemia UK 1154856 1 LGBT Foundation Ltd 1070904 - Lia’s Wings 1138457 1 Little Princess Trust 1176160 1 Livability 1116530 - London's Air Ambulance Limited 801013 1 Loughborough University (Opportunity Scholarships) - - Lullaby Trust 262191 - Lymphoma Action 1068395 - Macmillan Cancer Support 261017 4 Maggie Keswick Jencks Cancer Caring Centres Trust 700784 1 Manchester Mind 1102058 - Medical Aid for Palestinians 1045315 3 Metal For Good 1201152 1 Middleton Hall Trust 1101315 1 Midland Langar Seva Society 1156965 1 MIND 219830 3 Mind In The City 283329 - Movember Europe 1137948 1 Multiple Sclerosis Society 1139257 - My Name'5 Doddie Foundation SC047871 1 Norwood Ravenswood 1059050 - Oakhaven Trust 900215 1 Carried Forward	2025 2024 £ No. of grants 24,722 500 - 500 - - 1 500 - 500 - - 1 300 - 180 - 2,000 3 - 1 - 1 134 - 500 - 500 - - 2 - 1 525 - - 2 500 2 - 1 - 1 500 - 500 - - 1 - 1 - 1 461 - - 1 335 - 500 - - 1 500 - - 1 - 1 - 1 2,665 5 500 - - 1 10,500 - 500 - 500 - 500 - 1,112 2 - 1 500 1 - 1 500 - - 1 500 - 51,933*	2024 £ 21,910 - - 420 - - 220 - - 1,796 640 245 - - - 2,378 500 - 1,000 5,500 1,000 500 - - 500 500 396 - 84 - - 500 - 1,000 500 500 3,530 - 500 - - - - 1,000 315 340 500 - 1,000 - 47,274

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Notes to the financial statements for the period ended 31 March 2025

3 Grants Payable (continued) Charity No. 2025 No. of grants Brought Forward Old Bexley C of E Primary School PTA 1091820 - Ovacome 1159682 1 Pancreatic Cancer UK 1112708 1 Parkinsons UK 258197 - Penny Brohn Cancer Care 284881 1 Plumpton PTFA 1004535 1 Providing Opportunities and Support 1089951 - Prostate Cancer UK 1005541 1 Pursuing Independent Paths 1088592 - Reddiford School Charitable Trust 312641 1 Refuge 277424 - Rennie Grove Hospice Care 1140386 - RFU Injured Players Foundation 1122139 1 R.I.S.E. 1065846 1 Royal Berkshire NHS Foundation Trust 1052720 1 Royal Marsden Cancer Charity 1095197 1 Royal Society for Blind Children 307892 1 RSPCA East London and Havering CIO 1207065 1 Salvation Army 214779 1 Samaritans 219432 1 Sarcoma UK 1139869 1 Scotty’s Little Soldiers 1170528 1 SEWA International 1135425 - Sick Children's Trust 284416 1 Solihull Carers Centre 1092613 - Special Olymics Sunderland 800329 - St Andrew Community Network 1105307 - St Ann's Hospice 258085 1 St Augustines RC School PA Solihull 1136427 1 St Catherine’s Hospice Limited 281362 1 St George's Hospital Charity 1171195 1 St Giles Hospice 509014 1 Stroke Association 211015 1 TaxAid UK 1062852 1 Teenage Cancer Trust 1062559 1 Thames Valley Air Ambulance 1084910 - Thomas Coram Foundation for Children 312278 1 Universal Church of the Kingdom of God 1043985 1 UK Fund for Charities 1097462 - UK Sepsis Trust 1158843 1 Ummah Welfare Trust 1000851 1 Valley Invicta at Kings Hill PTA 1181645 1 Versus Arthritis 207711 1 Whizz Kidz 802872 - Women in Sport 1060267 - Yandisa Foundation 1202905 1 Carried Forward	2025 2024 £ No. of grants 51,933 - 1 500 - 167 - - 1 193 - 500 1 - 1 315 1 - 1 500 - - 1 - 1 500 - 475 - 167 - 500 1 500 - 455 - 500 - 500 - 440 - 320 - - 1 1,000 - - 1 - 1 - 1 500 - 500 - 500 - 500 - 120 - 275 - 500 2 500 1 - 2 585 - 195 - - 1 500 500 1 500 - 500 - - 1 500 - 83 - 66,223	2024 £ 47,274 213 - - 500 - 500 500 966 500 * - 500 500 - - - 500 - - - - - - 100 - 500 500 500 - - - - - - 2,735 500 2,000 - - 5,000 - 500 - - 500 - - 64,788

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Notes to the financial statements for the period ended 31 March 2025

3
Grants Payable (continued)
Charity No.
2025
£
Brought Forward
66,223
Previous year donations written back
-
66,223
The Trustees made distributions to a total of 90 separate charities (2024: 67) during the year.
Donations made from the unrestricted fund.
4
Support costs
2025
£
Independent Examiner's fees
876
876
The Trustees have not received any reimbursement of expenses or remuneration during the year.
5
Cash at bank and in hand
2025
£
Cater Allen Private Bank Charity Account
137,199
Less: unpresented cheques
(11,107)
126,092
6
Creditors: Amounts falling due within one year
2025
£
Independent Examiner's Fees
1,740
1,740*

2024
£
64,788
(4,555)
60,233
2024
£
864
864
2024
£
170,295
(27,980)
142,315
2024
£
864
864

7 Trustees' remuneration and benefits

None of the Trustees have been paid any remuneration or received any other benefits from the Charity (2024 - none).

8 Trustees' expenses

No trustees' expenses were incurred in the year ended (2024 - none).

9 Related Parties

The trustees of the Charity were all separately members of BDO LLP as at 31 March 2025. During the year BDO LLP made donations to the Charity totalling £50,000 (2024 - £75,000).

Docusign Envelope ID: 37AB409E-C7EF-4932-AC7B-5DBEEE47F0B4

BDO Charitable Trust

Notes to the financial statements for the period ended 31 March 2025

10 Summary of fund movement

Year ended 31 March 2025 Restricted Fund Unrestricted Fund Total Year ended 31 March 2024 Restricted Fund Unrestricted Fund Total	Fund balances brought forward 21,831 119,620 141,451 2,496 125,052 127,548	Income 50,000 - 50,000 75,000 - 75,000	Expenditure (64,361) (2,738) (67,099) (55,665) (5,432) (61,097)	Transfers - - - - - -	Gains and Losses - - - - - -	Fund balances carried forward 7,470 116,882 124,352 21,831 119,620 141,451