Charity number: 292126
THE PHILIP OPPENHEIMER FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025

THE PHILIP OPPENHEIMER FOUNDATION
CONTENTS
Page
Raferance and administrative details of the Charity, its Trustees and advisers
Trustees, report
Ind8pènd•nt examinerfs report
ststement of financlal actlvities
Balance sheet
Notes to the finaneial stat8mgnts
8-15

THE PHILIP OPPENHEIMER FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENOED 5 APRIL 202S
The Philip Oppenheimer Foundation was set up by Sir P J Oppenheimer for charitable purposes by means of a
Deed of Settlement dated 11 June 1985.
Trustees
AnlhDny Ern8st Oppènhéimer
Antoinette Maria Oppenheimer
Sophie Clare Lussier
Charity registèred
number
292126
Principal office
Flat 3
7 Netherton Grove
London
SW10 9TQ
Ac¢ountants
James Cowper Kreston
Chartered A¢¢ounlanls
2 Communications Road
Greenham Business Park
Greenhar
Newbury
6erk5hire
RG196AB
Bankers
Coulls & Co
440 Strand
London
WC2R OQS
Solieitors
Maclarlanes LLP
20 Cursilor Street
London
EC4A 1LT
Page 1

THE PHILIP OPPENHEIMER FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED S APRIL 2025
The Trustees present their annual report together wrth ihe financial slalemenls of the Charity for the year ènded
S April 2025.
Objectives and activStS9s
a. Policles and objectives
The Settlement Deed give5 the Trustees the power lo apply both the inc0￿e and capital lo such legally
charitable purposes In the Uniled Kingdom or outside the United Ktngdom as the Trustees shall in their absolute
discretion from limè to time think fil. The Trustees are requested to give consideration to The National Sociely
for the Prevention of Cruety lo Children, the Jockey Club Charitable Trust, lh8 Bentinck B8n&volenl Fund, the
RÈndlesh8m Benevolent Fund and the Beresford Trust.. this request in no way limits the powers confer￿￿ on the
Trustees.
In setting objectives and planning lor activities. the Trustees hav& givèn due consideration to general guidance
published by the Charity CommissK)n relatin9 to public benefrt, including the guidan￿ 'Public benelil". running a
chanty IPB21'
Achievements and performan¢e
a. Main achievements ofthe Charity
This yèar the Trustees have made grants lotalling £80,000 lo thirteen charitable organisations 12024." twelve
grants lolalling £51,0001. These have benefitted the public In a varEty of ways. from supporting medical research
lo supportin9 animal welfare proje¢ls.
Financial review
. Summary
The attached financial statements show the ¢urrenl slate of the fin¥nce5 of the Founotalion.
During the year the ¢harily received donalK)ns of £nil12024. £nill. Investment income for the year amounted to
£32.97812024'. £30,7331. Grants pledged during the year amounted lo £80,000 12024.. £51,000) as detaI￿d In
note 6.
b. Going concern
After making appropriate enquiries. the Trustees have a reasonable expeciation that the Charity has adequate
resources lo continue in operational existence for the foreseeable futur8 For this reason. they conlinue lo adopt
the going concern basis in preparing the financial statements Further details r￿ardIng Ihe adoption ol the going
concern basis can be found in Ihe accounting policies.
c. Reserves policy
Th@ Trusle&s wish lo re13in sufficient reserves lo continue the level of gfanl making made In recent years whilst
also considering some larger projects. The Trustees ¢onsKler all funds, including the endowment funds, to ba
unrestricted and that grants from thè capital fund would be made il a specific need arose.
d. Investments policy
The Truslees intend to re-invest the cash with Coulls & Co. The investment policy Is to have a balanc8d portfolio
lo achieve a balanced return from income and capital with Mc￿erate 8xposure to risk.
Pag& 2

THE PHILIP OPPENHEIMER FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2025
8. Risk managemènt policy
The Tru51ees have reviewed the risks faced by th8 Foundation and have implemènt8d systems to milKJate Ihése
risks. In particular, th6 Trusteès consider that the major risk is the value of the investments and the level of
Investment income. To mitigate this th8 TrLJSteès are using thè sèrvices of a leading invèstment adviser. Coutts
&Co.
structure. governance and management
a. Constitution
The Philip Oppenheimer Foundation is a registered charity. number 292126, 8nd is consliluled under a Trust
b. Mèthods of appolntment or election of Trustees
The management ol the Charity is the responsibility of the Trustees who ar& elected and co-opted under the
temis of the Trust deed.
c. Organisational structure and decision.making polieies
The Tru51ees meet regularly on an informal basis and have a formal meelirrfJ annualty.
Material decisions and pgli¢ies, and the approval ol the Iruslees report and annual a￿O￿nIS are made by all
Trustees
Page 3

THE PHILIP OPPENHEIMER FOUNDATION
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2025
Statement of Trustees. rosponsibiliti•s
The Trustees are responsibl8 for prep8ring the Trustees, report and the financial slalements in accordance wrth
appI￿able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclicel.
The lav4 applicable lo charities in Engknd & Wales requires the Trustees lo prepare financial slalemenls for
each financral which give a true and fair view of the slate of affairs of the Charity and of ils incoming resources
and application of resources. including ils incomg and expénditurè. lor that period. In preparing these financial
statements, the Trustèes are r4uirad lo".
select suitable accounting polici&s and then apply them consistently.,
obSer￿e the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prud8nt".
stale whether applicable UK Accountin9 Standards IFRS 1021 have been followed. subject ID any materk41
dèpartures disclosed and explained In the financial statements".
prepare the financial slalemenls on the going concern basis unless il Is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequale accounting records that are sutticienl lo show and explain
the Charity's transactions and disclose with reasonable accuracy at any lime the financial position of the Charity
and enable them lo ensure Ihal the Iinancial statemeT)ts comply with the Charities Act 2011. the Charity
IAccounls and Reports} Regulations 2008 and the provisions ol the Trust deed. They are also responsible for
safeguarding the asse15 01 the Charity and hence for taking reasonable steps for Ihe prevention and detection of
fraud and other Irregukrities.
Approved"
order ol the members of the board of Trustees and signad on their b&hall by..
&.'IL4
Anth
ny
nest Oppenheimer
ntoinette Maria Oppo
heimer
Dale. ￿(1 I IC
Dale. Iv-fl-zv
hle Clare Lussier
Datè.
.1. 2
Page 4

THE PHILIP OPPENHEIMER FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED S APRIL 2025
Indop8ndènt Examiner's Report to the Trustees of The Philip Oppenheimer Foundation I'the
CharOty'I
I r8POrt to the charrty Trustees on my examinath)n ol the accounts of the Charity for the year ended 5 April 2025.
Responsibilities and 8asis ol Roport
As the Trustees of the Charity you are responsible fly the preparation of the accounts in accordanc& with the
requirements ol the Charities Act 2011 I'lhe 2011 Acl'l
I report In respecl ol my examination ol the Charily's accounts carried out under section 145 of Ihe 2011 Act and
In carrying oul my @xaminalion I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Ind•wndÈnt Examirtèrfs Ststemènt
l understand that this has been done in order loi the accounts to provide a true and fair view In accordance wilh
the Generally Accepted Accounling Praciice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention In connection wrth the
èxamination giving me eause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by se¢tlDn 130 of the 2011 Act.. or
the accounts do not accord with those records, or
the accounts do not comply with the appltable requirements concerning the form and content of
ounts set out in the Charities IAcGounls and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fair. view which is not a matter considered as part ol an independent
examination.
I have no concerns and have come across no other matters in connection wlh the examination to which
attentDn should be drawn in this report In order to enable a proper understanding of the accounts to be reached
This report is made solely to the Charity's Trustees, as a body. in accordance with Part 4 01 the Charities
(Accoun15 and Reports) Regulations 2008 My work has been undertaken so that I might stale lo the Charills
Trustees those matters l am required lo slate lo them in an Independent examiner's report and lor no other
purpose To the fullest exlenl peimrtted by law, I do not accept or assume iesponsibilily lo anyone other than the
Charity and the Charity's Tnjslees as a body, for my work or for thi5 report.
Signed..
Dated.. 22 September 2025
Fiona Hawkins
Msc FCA
charter￿ Accountants
2 Communications Road
Gieenham Businèss Park
Greenham
Newbury
Berkshire
RG19 6AB
Page S

THE PHILIP OPPENHEIMER FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2026
Endowment Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Nol
Income and Qndowmonts from..
Investments
32.978
32.978
30, 733
Total income and ondowments
32,978
32.978
30, 733
Expenditure on..
Inveslmenl management cosls
Charrtable aciivities
7,114
7,114
86,217
6,446
57,431
86,217
Total expenditure
7,114
86,217
93,331
63,877
Net expenditure before net
Ilossesllgains on investm8nts
Net Ilossesllgains on Inveslments
7.1141
59.6561
153,2391
160,3531
{59,6561
(33, 144)
135,327
Net movement in funds
166.7701
153.2391
1120,0091
102, 183
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
1,302,874
166,7701
97,473
153,2391
1,400,347
1120,0091
1.298. 164
102. 183
Total funds carrbed forward
1,236,104
44,234
1,280,338
1,400, 347
The Statement of Financial Aclivrties includes all gains and losses recognised in the yeaf
The notes on pages 8 10 1 S form part of these financial sialemenl5.
Page 6

THE PHILIP OPPENHEIMER FOUNDATION
BALANCE SHEET
AS AT S APRIL 2025
2025
2024
Not¢
Fixed assfrts
Investments
1,255,597
1.320.854
1,265,597
1.320.854
Current assèts
Debtors
Cash al bank and in hwd
29
85,404
30,711
30,711
85,433
Current liabilities
Creditors.. amounts falling due within one
year
5.9701
(5, 940)
Net current assets
24,741
79,493
Total net assets
1.280,338
1, 400.347
Charity funds
Endowment funds
Unrestricted funds
12
1,236,104
44,234
1, 302.874
97,473
12
Total funds
1,280,338
1, 400,347
The financial statements were approved and authorised for issu8 by thé Trustees and signed on their behalf by.
Anth
est Oppenheimer
ntoinette Maria Op
nheimer
O?le. t)11
Dale. /&- 7- 2.£r
Sop
be Clare Lussier
Dale. 10.9.2<
The notes on pages 8 10 IS form part ol these linanckgl slalements.
Pag8 7

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 202S
Gèneral inforniation
The Philip Oppenheimer Foundation is a r￿ister8d ¢h8rrty in England 8nd Wale5. The address 01 rt5
registered oflice Is Flat 3. 7 Netherton Grove, London. SW10 9TQ.
Accounting policies
2.1 Basis of preparatlon of flnanclal statemènts
The financial slalemenls have been prepared in accordance with the Charrties SORP IFRS 1 021
Accounting and Reporting by Charities. Slalemenl of Recommended Practice applicable lo chaiilies
preparing their accounts in accordance with thè Financial Reporting Standard applrable in the UK
and Republic of Ireland IFRS 1021 leffedive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 and the Charities Act 2011.
The Philip Oppenheimer Foundation meets the definition of a public benefit enlity under FRS 102
Assets 8nd liabilities are initially recognised at historical cost or transaction value unless otherwise
slated in the relevant accounling policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income. it Is probablg that the
income will be received and the amount of Income receivable can be measured reliably.
Income lax recoverable in relalw)n to investment income is reco9nised at Ihe time the Investment
income is receivable
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transf8r economic benefit
lo a third party, il is probable that a transfer ol e¢onomi¢ benefit5 will be required in settlement and
the amount ol the obligation can bè mèasured raliably.
Expenditur8 Dn raising funds includes all expenditure incurred by the Charity to raise funds lor ils
charitable purFX)ses and includes costs of all fundraising activities evènts and non.charitable trading.
Expenditure on charitable activities Is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associaled support costs
Grants payable are charged in the year when the offer is made except In those Cases where the offer
is conditional. Such grants being recognised as expènditure when the ¢ondrtions attaching are
fulfilled. Grants offered subject to Gondilions which have not been rnel al the year end are noted as 8
commitment, bul not gecrued as expenditure
All expendilure 1$ inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposil is included when receivable and the amount can be measured
reliably by the Charity, this is normally upon nolilicalion ol the interest Paid tsr payable by the
institution with whom the funds are deposited.
Page 8

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accounting policies (continued}
2.5 Invéstménts
Fixed assèt investments arg a form ol linaneial instrument and are initially recognised al their
transaction Cost and subsequently measured al lair value al the Balance sheet dale, unless the value
cannot be measured reliabty in which case it is measured al cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gain￿{LoSses) on
inveslmenls. in the Slalemenl ol financial activities.
2.6 DebtOTS
Trade and olher debtors are re¢ognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-lerm highly liquid Investments with a short maturity
of three months or less from the dale of acquisition or openin9 of the deposit or similar account.
2.8 Liabilities and provisions
Liabilib'es are recognis¢d when there is an obligation al the Balance sheet dale as a result of a past
event. it is probable that a transfer of @conomic benèfit will bè rèquirèd in settlèm8nt, and thè amount
of the settlement can be eslimaled reliably.
2.9 Fund accountlng
General funds are unrestricted funds which are availablo for use al the dis¢relion of the Trustees in
furtherance of the general objectives of the Charty and which have not been designated for other
purposes
The eapilal endowment fund Is an expenclable endowment which can be retained as capital and
Invesle(l or spent at the Irusiees. discretion The income arising from the expendable endowment IS
unreslricled.
Investment income. gains and losses are allocated lo the appropriate fund
Investment incorne
Unre5trlcted
funds
2025
Total
funds
2025
Tolal
funds
2024
Income from listed investments
32,232
746
32,232
746
30.165
Interesl income
32,978
32,978
30. 733
Total 2024
30, 733
30, 733
Page 9

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Analysis of expendlture on charitable activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
Total
2024
Direct costs
86,217
86.217
57,431
Total 2024
57, 437
57,431
Analysis of expenditure by a¢tivltles
Grant
funding of
aetivities
2025
Support
costs
2025
Total
funds
2025
Tol81
fUr￿S
2024
Direct Gosts
80,000
6,217
86,217
57.431
Total 2024
57,000
6.431
57,437
Analysis of support costs
Total
funds
2025
Tol81
funds
2024
Aetivities
2025
Accountancy
Independent examination
Administration expenses
4,518
1.452
247
4,518
1,452
247
4, 500
1.440
491
6.217
6,217
6,431
Tolal 2024
6,431
8,431
Page10

THE PHIUP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Analysls of grants
2025
2024
Bibury wrth Winston & Barnsley PCC
Bowel Cancer UK
Breast Cancer Mow
Crackerjacks Childrens Trust
Diabetes UK
3,000
5,000
10,000
4.oc
5,000
Hampshire & Isle of Wight Wildlife Trust
Institute for Cawer Vaccines and Immunotherapy
James, Place
Listening Books
Macmillan Cancer Support
MedKin$ Sans Fronlieres
Mental Health Innovations
Sl Joseph's Catholic Church
Slow on the Wold RFC Ltd
Target Ovarian Cancer
Thames Valley Air Ambulanca
The Brain Tumour Charity
The Branch
The Clock Tower Foundation
The Friends ol All Saints Harfin9lon
The Hampshire Medical Fund
The Horse Trust
The Kings Royal Hussars Welfare Fund
The Racing Centre
5,000
5.000
3.000
5.000
10.000
10.000
1,000
70,000
1,000
2,500
1.500
6, 000
6.000
1,000
2,000
10.000
10,000
5.000
80,000
51.(100
Independent examinerfs r8muneration
The Independent examiner's remuneration amounts lo an independent exarniner fee of £1,452 12024
£1.4401.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NILJ
During the year ended 5 April 2025. no Trustee expenses have been incurred (2024 - £NIL).
Page11

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Fixed asset Snvestments
Listed
Investments
Cost or valuatlon
Al 6 April 2024
Additions
Disposals
Revaluations
1,320,854
949,626
1834,1551
1180,6281
At 5 April 2025
1.255.597
Net book value
Al 5 April 2025
1,255,597
Al 5 Apni 2024
1,320, 854
The hiStOr￿al cost of the listed Invostmenls al 5 April 2025 was £1,302,04912024." £1,186.6781.
10. Debtors
2025
2024
Due within one year
OivKiends and interest receivable
29
Page 12

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
11. Creditors: Amounts falling due within one year
2026
2024
Accruals
5,970
5.940
12.
Statement of funds
Statoment of funds - currènt year
Balance at 6
April 2024
Gainsl Balance at 5
(Lossesl
April 2025
Income Expenditure
UnrestriGted funds
Unrestricted Income Fund
97,473
32,978
186,2171
44,234
Endowment funds
Capital Endowment Fund
1,302,874
17,114
159,6561
1,236,104
Total of funds
1,400,347
32,978
193,3311
159,656}
1,280,338
Statement of funds - prior year
Balance al
S April ZOE3
Gain
Ealance al
{L055es) S April 3024
InGome Expendilure
Unrestricted funds
Unrestricted Income Fund
124. 171
30, 733
{57.43 1?
97,473
Endowmentfunds
Capital Endowment Fund
1, 173,993
(6.446)
135,327
1,302, 874
Total of funds
1,298. 164
30, 133
(63,877)
135,327
1,400, 341
Page 13

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
13. Summary offunds
Summary offunds- currtnt yèar
Balance at 6
April 2024
Gainsl Balanc? at 5
(Losses)
April 2025
Income Expenditure
General funds
97,473
1,302,874
32,978
186,2171
17,1141
44.234
1.236,104
Endowment funds
159,656}
1.400.347
32,978
193,3311
159,6561 1,280,338
Summary of funds- prtoryear
8alanc6 al
6 April 2023
Gain
Salane& 81
(Losses) 5 April 2024
Income Expenditu
General funds
Endowment funds
124, 171
1. 173.993
30. 733
(57.431)
16.446)
97.473
1,302, 874
t35.327
1,298, 164
30, 733
(63,877)
735,327
1,400. 347
14. Analysls of net assets between funds
Analysis of net assets between funds - current year
Endowment Unrestricted
funds
funds
2025
2025
Total
funds
2025
Fixed asset inveslm8nls
Current assets
Credilors due within one year
1.236,104
19,493
30,711
15,9701
1,255.597
30,711
5,970)
Total
1,236.104
44.234
1,280.338
Page 14

THE PHILIP OPPENHEIMER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
14. Analysis of net a$$ets betsveen fund$ lcontinuedl
Analysls of net assets between funds prlor ytrar
Erpdowmenl Unrestricted
funds
funds
2024
2024
Tolal
lunds
2024
Fixed asset investments
Current assets
Creditors due within one year
1,302, 874
77,980
85,433
(5, 940)
1.320.854
85,433
(5.940)
Total
7,302, 814
97,413
1.400.347
15. Rolated party transactions
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balances owing belween relaled parties and the Charity at 5 April 2025.
Page 15