Charity number: 292126
THE PHILIP OPPENHEIMER FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024

THE PHIUP OPPENHEIMER FOUNDATION
CONTENTS
Page
Rgfergnce and admlnl8tratlve dètall8 of tho Charlty, bts Truste￿ and advlsgra
Tru#to8s' rnport
Indewndent fjxamlnerfs report
Stat•m¢nt of financlAI •ctfvltl•8
Balanco •he•t
Notsy to the flnan¢lJl Statements
8-15

THE PHILIP OPPENHEIMER FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED S APRIL 2024
The Philip Oppenheimer Foundation was sel up by SIT P J Oppenheimer for charrtable purposes by means of a
Deed of Settlement dated 11 June 1985.
Trustees
Anthony Emesl Qppenheimer
Anloinette Maria Oppenheimer
Sophie Clare LussKdr
Charfty reglstered
number
292126
Prlnclpal offlco
Flat 3
7 Netherton Grove
London
SW10 9TQ
Accountants
J8me5 Cowpgr Kreslon
Chartered Accountants
2 Communications Road
Greenham Business Park
Greenham
Newbury
Ben(snire
RG19&AB
Banko
Coutts & Co
440 Strand
London
WC2R OQS
Sollcltors
Macfarlanes LLP
20 CurEit¢y Stré*t
London
EC4A 1LT

THE PHILIP OPPENHEIMER FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annu81 report together with the financial 5talemenls of the Charty for the year ended
5 Apnl 2024.
Obl•etlv•s and aetlvltl•s
a. Pollcles and obJectlve8
The Settlement Deed gives the Trustees the power to apply both the income and caprtal lo such legally
charitable purposes in the United Kingdom or oulside the United Kingdom as the Trustees shall in their absolute
dsscielion from tiiiie lo tiine Iliii)k fil. The Truateeb are fequ¢sted to give ¢onaideration to The Nstional Socigty
for the Prevention of Cruelty lo Children. the Jockey Club Charilable Trust, the Benlinck Benevolent Fund, the
Rendlesham Benevolent Fund and the Beresford Tfu$l,' this Tequesl in no way limits the P(w￿r$ conferred on the
Trustees.
In setting objective5 and planning for aclwilies, the Trustees have given due consideration to general guidance
publishe(J by the Chaiity Coniniission ielat¢n9 to publiG bentsfit, including the guidgn¢c 'PubliG bènerrt.. running
charity IP821'.
Achlevements and pgrformanco
. Maln achlevements of the Charlty
This year the Trustees have made grants t¢lalling £51,000 lo tsyelve charitable organisations12023.' eight grants
lotalling £29,600). These have benefitted the public in a variety of way3. from supporbng medul research lo
supporting animal welfare projects.
Flnanclal revlew
. Summary
Tho attached financial statemerts show the current ststg of the finances of the Foundation.
Durinj th•. ypAr tha charity received donations of £nil12023.' £80.0001. Investment incomè for the year amounted
to £30.73312023.. £27.5721. Grants pledged durin9 the year amounted to £51.000 (2(r23.. E29,6001 a5 detailed in
rsote 7.
b. Golng con¢ern
Aft¢r making appropriote enquiries, tho Trustee6 hovè a r¢a60nable expectatÈon thol th¢ Charity hA3 adequete
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial stslemenls. Further details regarding the adoption of the going
concern basis can b8 found in the a￿OUntIng policios.
G. Roserves pollcy
The Trustees wish to retain sufficient reserves to continue the level of grant making made in recent yEars whilst
also considering some larger projects. The Trustees eonsider all funds to be Unrestrict￿ and that grants from
the capital fund would be made rf a specffic need arose.
d. Invostments pollcy
The Truste8s intend lo re-irwest the cash ¥￿th Couits & Co. The investment poly is to have a balanc&J portfol
to achieve a balanced retum from income and capital wlth moderate exposure to risk.
Pag8 2

THE PHIUP OPPENHEIMER FOUNDATION
TRUSTEES. REPORT ICONTINUEO)
FOR THE YEAR ENDED S APRIL 2024
e. R15k manageTnEnt pollGy
Tho Trustees have reviewed the risks faced by the Foundation 8nd have implemented systems to mrtvJale these
r45ks. In particular, the Trustees consider that the major risk is Ihe value of the Investments and the level of
investment income. To mrtigale this the Trustees 8re using the 8ervice8 of a leading investment adviser, Coutts
&Co.
Structurg. govemance And managemgnt
a. Constltutlon
The Philip Oppenheimer Foundation is 8 regi51er8d charbty. numb8r 292126, and 18 wnslrtuted under a Trust
b. Methods of appolntm*nt or Pl￿tIon of Trusto
The management of the Charity is the responsibilty of the Tru5tee8 who are elecied and ewjted undef the
temis of th¢ Trust de¥TJ.
c. Organlsatlonal structuro •nd dgclslon4n•klng pollcl•8
The Trustees meet regulady on an infomal basis and have a fornal meeting annualty.
Material decision5 and policies, and the approval of the Iruslees report and annual at￿Unts are made Dy ali
Trustees.
Page 3

THE PHILIP OPPENHEIMER FOUNDATION
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2024
Statemgnt of Trustoe$' responsibilltles
The Trustees are responsible for Preparing the Trustees. report and the financial slalemenls in accordance wrth
applicable law and United Kingdom Accounting Standards IUn((ed Kingdom Genoralty Accepted Accounting
Pr8¢tice).
The law applicable to charities in England & Wales requires the Trustees to prepare fin8nckg1 statements for
each financial which give a Irua and fair view of the slate of 8ffairs of the Charity and of its incorning resources
and opplicalion of resources, including ils income and expendilure. for that period. In preparing Ihese finaneial
¥tstements, th¢ Trustees ale rwuired Itl.
select suitable accounting polieies and then apply them consislenlly,
observe the metliod5 and princlples of the Ch8ri1iè$ SORP IFRS 1021.,
make judgments and accounting estimates Ih818re reasonable and prudent.,
stste whether applicable UK Accounting SlandBrds IFRS 1021 h#v8 bèèn followed. subjÈtt lo any rnAteri41
departures disclosed and explained in the financial $tslemenls',
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
Charity will Gonlinue in bu5ine55.
The Trustees 8re rgsponsible for keeping adequate accounting records that are 8uificient lo shuw and explain
the Charitys Iransaclions and disckise with reasonable accuracy at any lime the financial position of the Charty
8nd enable them lo ensure that the financial slalemenls comply wjth the Charities Act 2011, the Charty
(Accounts and Reports) Regul8tions 2008 and tho provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and henee for taking reasonable steps for the prevention and detection of
fraud and other irregularrties.
Ap
byo
r of thè members of th* ho8rd of Trustè@s snd signed on their bohalF by-
mest Opponheimer
oinotto Marla Oppe
èlmer
Date..
ISIDI les
Dale..
Clare Lussler
Dat•:
If- 6L-
Pagg 4

THE PHIUP OPPENHEIMER FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Ind8p8ndent Examlnorfs Report to th8 Trustees of The Phlllp Oppenhelmer Foundation I'the
Charlty'l
I r8POrt lo the charty Tnjslees on my examination of the aceounts of the Charity for Ihe year ended S April 2024.
Responsibilities and Basi8 of Report
As the Tru8te8s of th• Charity gre rA&ponsible lor tha preparatKJn of the accounts in accordance with the
requirements of the Chari(ies Act 2011 Ilhe 2011 Act'l.
I roprtrt in respect of my ÈxBminalKJn of the Charitrfs a¢coun18 Carried out under Section 145 of the 2011 Aet and
in carrying out my examination I have lollowed the applicable Directions given by the Charty Commission under
s&tion 145(Sllbl of the 2011 Act.
Independgnt Examln•rfs Stat•m•nl
Your attention 18 drawn lo the fact that the Charty has prepared thè accounts in accordance with Accounling and
Reporting by Charities.. Statement of Recommended Practice applicable io charrtles preparing IliEir account5 ¢n
accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021 in
preference to the Accounting and Reporting by Chari1185.' S18temenl of R￿0mmended Practice issued on 1 April
2005 which is referred lo in the extanl regulations but has been wlhdrawn.
l understand that this has been done in order for the accounts lo provide a true and lair view in accordance wrth
the Gener81ty Accepted Aecosjnting Practice effecb"v8 for reporting periods beginning on or after 1 January 2015.
I have completed my examination. l eonlim Ihal no matters have come to my attention in connection wrth the
examinatson giving me ¢ause to belteve Ihat in any material respect..
accounting r8¢oTd$ were not kept in respect of the Charity as requifed by 8￿tIOn 130 of the 2011 Act., or
the accounts do not accord wrth those re¢ords', or
the accounts do not comply wlh the appI￿able requirements con¢eming the fonn and content of
accounts set out in the Charities (Accounts and Reports) ReJulalions 2008 other than any requirement
that the a¢eounls give a 'lrue and lairf view which is not a matter eonstraered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attenlion should be drawn in this report in order to enablè 8 propor urtderstonding of the accounts to be reached.
This report is made solety to the Chartys Trust8es, as a body. in accordance with Part 4 of tha Charities
(Accounts and Reports) Regulalions 2008. My work has been undertaken so that I mryht State to the Chantys
Truslees those matters l am required lo state to them in an IndeFendent examinerfs reFQrt and for rvJ other
purpose. To the fullest extent pennitted by law. I do not accept or assurne responsibility lo anyone other than the
Charty and the Charitys Trustees as a body, for my woth or for thi5 report.
Signed:
Dated..
1510112025
Fiona Hawkins
MS¢ FCA
Chartered Accountsnts
2 Communications Road
Greenham Business Park
Greènham
Nthvbury
Berkshire
RG19 6AB
Page S

THE PHILIP OPPENHEIMER FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED SAPRIL 2024
Endowment Unrestrl¢t8d
funds
funds
2024
2024
Total
funds
2024
Tol81
funds
2023
Noto
Income and gndowmgnts from:
Don8lions and legacies
Investments
80.C(Q
27.572
30,733
30.733
Totsl Income and endowments
30,733
30.733
107,572
Expenditure on:
Investment management costs
Charitable activities
6,446
6,456
35,372
57,431
57A31
Total oxpendlturn
67.431
63,877
41,828
Net lexpendltureifineomo before not
galnsl{lossesl on investments
Net gainsl{lossesl on investments
16,4461
135.327
{26.6981
(33.1441
135.327
65, T44
(62,513)
Not movement lft funds
128,881
126.6981
102,183
3,231
R•eonclll•tloA of funds:
Total funds brought forward
Net movement in funds
1,173,993
128,881
124.171
126.698)
1.298.164
102.183
1,294,933
3,231
Total funds Carri￿ forward
1.302,874
97.473
1,4￿.347
1,298. 164
The SL*menl of Financial Activities includes all gains and losses rec(>ani5ed in tha year.
The notes on pages 8 to 1 S forn part of these financial stalements.
Page 6

THE PHIUP OPPENHEIMER FOUNDATION
BALANCE SHEET
AS AT 5APRIL 2024
2024
2023
Not•
Flxed assets
Investmanls
10
1,320.854
1, 189,470
1,320.854
1. 189,470
Current assets
Debtors
Cash at bank and in hand
29
85.404
242
113,852
85.433
114,094
Creditors.. amounts falling due wthin one
16.9401
Net Current assets
79,493
108,694
Total net assots
1,400.347
1,298. 164
Charlty fundg
En￿th￿nent fund8
Unreslrict&J funds
13
13
1.302.874
97.473
1. 173,993
124. 171
Total funds
1,400,347
1,298, 164
Thefi
I stslemenls knere approved and aulhorised for issue by the Trustees and signed on their behalf by:
ony Emest Oppenhèimor
oln•tte Marla Op
nhèlmer
Date..
So
Dale.. I f-¢) i -ts)Ir
The n¢)tes on pages 810 15 fomi part of Ih8se financial Statements.
le Clare Lussler
Page 7

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
G*n•rnl Informat5on
The Philip Oppenheimer Foundation is 8 fegislered charity in England and Wales. The address of rts
registered office is Flat 3, 7 Nelherton Grove, London, SW10 9TQ.
Accountlng policlos
2.1 Ba81a of proparatlon of flnonclal 8t#tements
The finanei81 slalemenls have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Ch8ritiè$.. Statèmènt of Rèeommendod Practre applicablo to chariti@g
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeelNe 1 J8nu8ry 20191, the Financial Reporting Standard
applicable in the UK and Republt ol Ireland IFRS 1021 and the Charities Acl 2011.
The financial statements have been prepafed to give a 'lrue and fairf view and have departed from
the Charities (Accounts and Report51 Regulations 2008 only lo the extent roquired to prowde a 'tw&
and fair, view. This departure has involved following the Chanlies SORP IFRS 1021 published in
Oct¢)ber 2019 rather than the Accounting and Reporting by Charrties.. Statement of ￿￿0MMended
Pra¢ticè effectivo from 1 April 2005 which has since been withdr￿￿n.
The Philip Oppenheimer Foundation meets the definition of a public benefrt entty under FRS 102.
Asset5 and li8bili(ies are initialty recognised 8t historical cost or transacts'on walue unless olheN4ise
stsled in the relevant accounting policy.
2.2 Income
l income is recognised once the Charity has entitlement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured relobty.
Income tax recoverable in relaticfi to investment incLJme is reccgntsed at the time the investmenl
intsjme is receivable.
2.3 EX￿ndItU
Expendrture is recc*Jnised once there is a legal or eonslructive Obligatic￿ lo transfer eeonomic ￿nerrt
to a third paty, it is probable that a transfer of economK benefrts wll be required in settlement and
the amount of the obligation can be measured reliably.
Expendtture on raising funda inGludes all expendilure ill￿1[¥￿ by the ChaTty io false fun(Js for rts
harrtable purposes and include8 costs of all fundraising actimlies events and non-charitsble trading.
Expenditure ￿ charitable activitie6 is incurred on directty uThJertaking the xlNities which further the
Charitys obj'ectives, as w811 a5 any assccialed support co$l$.
Grants payable are charg&J in Ihe year when the offer is rnade excepl in those cases where the offer
is conditional. such gfants being recognised as expenditure when the eonditions attaching are
fulfilled. Grants off6red subjeLI lo conditions which have not been met at the year end are notefj as a
ommttmerrt, bul nol xcrued a5 expendlture.
l expenditure is inclusive of irrecoverable VAT.
Page 8

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Accounting policies (continuedl
2.4 Int•rnst rnc•lvabl•
Interest on funds held on deposil is included when receivable and the amount can be measured
reliably by the Ch8rty, this ￿ normally upon nolificalion of Ihe inleresl paid or payable by Ihe
instilutson with whom the funds are dep05iled.
2.5 Inveslments
Fixed assèt inveslments are a fomi of financial instrument and are initialty recognised at theif
trydn5action cost and subsequently measured al fair value al the Balance sheet dale, unless the valuè
cannot be measured reliably In whieh case il is measured al cost less impairment. Inveslmenl gains
and 1088e8, whother realised or unreali4¥cd, ar¢ ¢¢)mbincd and presented as 'GainsllLotsses} on
investmenls, in the Statement of financial aclivrties.
2.6 Debtors
Trade and other debtor5 are fecognised al the settlement amount after any trade discount oflered.
Prepaymenl¥ art at th¢ prepaid net of any Irade discuunts due.
2.7 Cash al bank and In hand
Cash at bank and in hand includes cash and 8hort-lem hyhly liquid investments with a short matunty
of three months or less from the date of acquisrtion or opening of the deFQSrt or simikr account.
2.8 Llabllit105 •nd provlslonG
"abl1￿"eS are reccsnis8d when there is an obligation at the Balance sheet date as a resu￿ of a past
event. it is probable Ihal a iransfer of economic benefit wll be requi￿ in settlement. and the amount
of the settlement can be eslimaled reliably.
2.9 Fund accountlng
General funds are Lbnrestricted lunds which are available for use at the disUetic￿ of the Trustees in
furtherance of the general objectives of the Charity and ￿1¢h have not been designated for other
purpo8e8.
The capilal endlwnnent fund is an expendable endo4vment vthich retwned as eaprtal and
invested or spant al the trustees, di8cretion. Tha Int￿Me arising from the expendab￿ endowm(*nt is
unrestricted.
Investrnent income. gains arKI loues are allocated lo the approprk4ta fund.
Incom• from don*tlon• and 1oaaclaA
Unrestrlct8d
funds
2024
T¢)tal
funds
2024
Total
funds
2023
Donations
Tot812023
Page 9

THE PHIUP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Invostment Income
Unrestrleted
funds
2024
Total
funds
2024
Tolal
funds
2023
Income from listed investments
Interest income
30.13S
598
30,135
698
26, 878
694
30.733
30,733
27,572
Tot812023
2T,572
27,572
Analy$l# of •xp•ndltur• on eh•rltablo actlvltlo8
Summary by fund type
Unrestrfcted
funds
2024
Total
2024
Total
2023
Dirncl costs
57,431
57,431
35,372
Tot812023
35,372
35,372
Analysls of expendlturn by #¢tlvltl¢8
Grant
fundlng ol
aetlvltl
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Dire¢t Costs
51,1)00
6,431
57,431
35.372
Total 2023
29,6(
4772
35.372
Page 10

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
AnalyBls of expondlture by actlvltles Icontlnued)
Analy818 of support cost8
Total
Total
Actlvlll¥$
2024
furids
rtJi?ds
2024
2023
Accountancy
Independent examination
Administration expenses
4,500
1.440
491
4,500
4.2LK)
1.2C(I
372
491
6,431
6,431
5, T72
Tot812023
5, 772
5,772
Analy8ls of grants
2024
2023
Bibury v￿h Wln$ton & Bamsley PCC
The B￿nCh
The Brain Tumour Charty
BRS Education Lld
Children Ahead Ltd
Clctk Tcr*ver Foundation
Coppa Feel
Crackeriacks Childrons Trust
Diabetes UK
Holy Rcdcemer Church
Institute for Cancer Vaccines and Immunotherapy
James. Place
The Racehorse Sancturary
The Racing Centre
stsrtight Children's Fwndation
St Joseph's cathol￿ Church
Stow on the Wokl RFC Ltd
Target Ovartan Cancer
Thames Valley AlrAmbulance
wwr Weuands
3,OlXI
4.000
5.000
3.000
5.000
10,OIXI
6.000
5.000
(5.CLiI)
01.OlXI
29,6
P8ge11

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Independent examlnerfs remuneratlon
The independent examinerfs remuneration amounts lo an independent examiner fee of £1,440 12023 -
£1.2CiII.
Trugtees. remuneratlon and exponsos
During the year, no Trustees received any remuneration or other benefrts (2023- £NIL).
During the year ended S April 2024, no Trustee expenses have been incurred (2023- £NIL).
10. Flxed asset Investments
Llsted
Investments
Cost or valuatlon
At 6 April 2023
Addrtions
Disposals
Revaluations
1.189,470
874,167
1641,8811
99.098
At 5 April 2024
1,320.854
N•t book valuo
At 5 April 2024
1,320,854
At 5 Apnl 2023
1. 189.470
The historul cost of the listed investments al 5 April 2024 wa5 £1,186,67812023.' £1,154,392).
11. Debtors
2024
2023
Due wtthln one year
Diwdends and interest receivable
242
Page 12

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 6 APRIL 2024
12. Credltorn: Arnounts falllng dug wlihln on• yéar
2024
2023
Accruals
5.940
5,4LKI
13. Statement of funds
Statement of funds- current year
Balance at 6
Aprll 2023
Galnsl BalanGe at 5
(Losses)
April 2024
Income Expendlture
Unrestricted fund$
Unrestricted Income Fund
124,171
30.733
(57.4311
97,473
Endowmentfunds
Capital Endowment Fund
1.173.993
16,4461
135.327
1,302.874
Total of funds
1.298,164
30,733
163.8TII
135.327
1.400,347
Statoment of funds- prlor year
Ba18ncè 81
1 Apnl 2022
GainFJ
Balance al
(Losses) 5 April 2023
Income Expenditure
Unrestrlcted funds
Unrestricted Inccrfne Fund
51.971
107,572
(35,372)
124, 171
Endowment funds
CapitAI FndDwment Fund
1.242962
(6.458J
(62.513)
1 17.9_gQ3
Total of funds
1.294.933
107,572
(41,828)
f62.513J
1.298, 164
PAOè 13

THE PHILIP OPPENHEIMÉR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
14. Summary offunds
Summary offundg- current year
Balance at 6
Aprll 2023
Galnsl Balance at 6
(Losses)
April 2024
Income Expendlture
General funds
Endowment funds
124.171
1.173,993
30.733
167,4311
16,4461
97.473
1,302.874
135,327
1.298,164
30,733
163.8771
135,327
1.400.347
Summary offunds- prforyear
Gain
8alance al
fLossesJ 5 Apnl 2023
1 Apnl 2022
Income Expenditure
General funds
Endovrnenl funds
51.Q71
1,242,962
107.572
(35.372J
(6.456)
124, 171
1, 173, 993
(62,513)
1,294.933
107,572
(41,828J
(62,513)
7,298, 164
15. Analysls of n•t assets between funds
Analysls of net assets ￿tw68n funds - current perlod
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Fixed a&set invesknents
Current assets
Creditors due within one year
1,302,074
17,900
85,433
(5.9401
1.320.eS4
85,433
15.940)
Total
1.302,874
97.473
1,400.347
Pag8 14

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
15. Analysls of n8t assgts between funds Icontlnuèdl
Analysls of not as88ts between funds - prlor perlod
Endowmenl Un￿$t11C1ed
funds
funds
2023
2023
Tot81
funds
2023
Fixed asset investments
Current assets
Creditors due wrthin one year
7, 173,993
15,477
114,094
(5,4CQ)
q, 189,470
114.094
(5.4C(I)
Total
1, 7T3.993
124,717
7,298, 764
16. Rolated party tran$actlon8
The Charity has not entered into any related party transaction dtjring Ihe year, nor are there any
outstanding balance5 ¢)wng befv￿n related parties and the Charity al S April 2024.
Paoe 15