Registered Charity number.. 306306
THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024
KS(y Foo

THE BEDGEBURY FOUNDATION
CONTENTS
Page
Trustee's Report
Report of the Independent Examiner
Statement of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
12

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Truste8 presents its report and the unaudited financial statements of The Bedgebury Foundation
{°the chariw) for the year ended 31 August 2024.
The Trustee confirms that the report and financial statements of the charty comply with the current
statutory requirements, the requirements of the goveming document, and the provisions of "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)" (Charities SORP (FRS 102)).
ObJ•etives and actlvlties
The Trustees of The Bedgebury Foundation Trustee Company agreed the following objects for The
Bedgebury Foundation with the Charity Commission in the scheme dated 31 August 2007.
The charity is for the benefrt of the public to advance education and training in accordance wilh the
principles and practices of the Church of England through any or all of the following means-
Giving grants, bursaries, or other payments to young people under the age of 25 (or to
educational institutions attended by such beneficiaries) to enable them to continue to undertake
a course of study or training., or to enable them to travel abroad to pursue their education.
Providing financial or other assistance to individuals to assist their training as teachers
The provision and operation of a day andlor boarding school.
The principal activty of the charity in the year under review was that of making grants for the benefit of
young people through the first means. The Trustee has paid due regard to guidance issued by the
Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
There were four ways grants were awarded in 2023-2024
Inspiring Young Minds, by
application with a Language
Communication theme in Spring
2024, 26 awards totalling £67,200
Teacher and Training, by
application in Autumn 2023 and
Spring 2024, 20 awards totalling
£57,400
uml>er th Award5 2023-2Q24
School Partnerships with
Hartsdown Academy and St John
Primary- the Year 3 grant
awarded for 2024-2025 totalling
£48,500 for the two schools.
Two grants to charities totalling
£1,000
The charity evaluates the outcomes achieved by grants each summer mostly looking at awards made
in the previous year. The following outcomes refer to grants awarded in the year to 31 August 2023 and
most of the activf(ies were undertaken in the current year to 31 August 2024.

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Inspiring Young Minds
Nurnber of ChRdren Supported
KS3
Teacher: All children are now
Ip?ore confident lip class and are
able to contiibule to class
discuSs￿nS
Teacher.. Those children requiring
speGialist speech and language
intenignlioi?s are lired of sitling
with readiiig books and flash
cards. we liave been able to widen
the typos of text showing sludents
how reading rrts into their
everyday Iwes. I think this has
been Ilie best investn?enl
17*rhDol
Y*Xth rai5581uudi
90%
89%
8&5%
All schools stated the grant had provided a legacy beyond the year of support for both children and
the teacher learning strategies to support those children.
Teaching and Training
The Teaching and Training grants can be roughly split into short courses for one or a group of staff
usually with Continuing Professional Development {CPD) accreditation or longer courses at level 5 to
Masters level. All courses contribute to long temi transferable skills into state schools and the longer
courses may not be completed for several years after the award of a grant.
For holders completing cours8S there has been pleasing feedback..
For Longer courses
'1 have been able lo work wilh children at risk of dyslexia diwtly and support them with strategies to
use in the classroom. .and I have 8dvised many teachers and teaching assistanls within the school on
how lo best support Indiv￿uaIs. I produced a guide andpresentalion on supporting pupils with dyslexia
and have delivered this in my own school and al a Tnjst conference that was 8ltended by staff from ten
other schcK)Is'
'Young people have benefitled as I have created a 'dyscalculia' supportive provision for multiplic8tion
tinles tables, I have been able lo provide pa￿ntS and cargts with specific arefis in which lo support their
children and I have been able to equip the leaming support department specific n7aths equipment that
is needed to make maths leaming fun and concrete,

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
'Gr8ater understanding of SEND needs related to emotional wellbeing has enabled me to S8t up nurture
areas and inlerrfentions 8nd promote a deeper understanding of emotion81 self-regulation amongst
slaff. The school has also been ass8ssed and achieved both a Nurture UK accreditation and a
Wellb8ing award,
For CPD
'We trained staff in Drawing and Talking therapy and Emotional Literacy. Offering this support to
children enables u8 to address barriers to 18arning and promote wellbeing and mental health,
School Partner8hlps
The Trustee has looked at different ways of reaching more children effectively and from 2022 has been
piloting significant multiyear grants to schools with pupils facing multiple and complex challenges. The
schools were selected using publicly av8ilable data and the Trustee was looking for engaged and
forward-thinking leadership teams.
Hartsdown Academy in Maryate (Total Grant awarded over 3 years £84,000)
In 2022 H8rtsdown Academy's accepted proposal to the Trustee was to develop a whole school
approach to supporting children with their social, emotional and mental health need5 {SEMH)
Slongside a continuum of provision for those with greater levels of SEMH challenges. The key
achievements in the past year are:
Reductions in high level behavioural difficulties. isolations and alternative provision
Students and parents report feeling an increasing level of safety and communication in school
Improvement in attendance at Parents evenings
Commencing STRIVE curriculum -Schol8rship, Teamwork, Resilience, Integrity, Vision and
Excellence.
Commenced use of THRIVE
Changes in leadership team to provide more focus on supporting students wellbeing
St John's Church of England Primary School in Canterbury (Tolal Grant awarded over 3 years
£85.500)
In 2022 St John's accepted proposal to the Trustee was to improve assessment methods and training
to identify Special Educational Needs at the earliest opportunity 8nd enable suitable provision to be
provided. The key achievements reported this year are:
THRIVE has been successfully intrOdU￿d enabling both whole school (by class) activities
and individual assessments.
Introduction of personalised interventions for students to help them progress on their Thrive
journey
Jigsaw- a mindful approach to PHSE has been Introdu￿ across the school
The at school Speech and Language Therapist has worked with 34 children and trained staff
to help other children in the classroom
Widget has been successfully introduced across the school to help with language
development
A culture change across staff team in supporting students Social and Emotional wellbeing and
development of language skills in classroom

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Environment. Social and Governance (ESG)
The Trustee aims to meet the charity's objects and commitment to beneficiaries in a manner which
follows best practice in terms of ESG.
The Foundation has appointed professional investment advisers, RBC Brewin Dolphin, to manage its.
investments. Their choice of equity investments is subject to ESG screening and RBC Brewin Dolphin
itself is a responsible investor considering sustainability, ethics, human rights. workplace safety.
emissions. deforestation, and many other similarfacts in their investment decision making.
The Trustee strives to reach those on the furthest edge of education whether that place be driven by
deprivation, additional leaming needs or by emotional trauma. Many of the grants also have
environmental benefits such as Forest School equipment and training.
The Trustee is committed to good govemance and policies and procedures a￿ infomed by guidance
and training from the Charities Commission. the association ofcharitable Foundations. Charity Finance
Group. The charity adopts the principles set out in the Charity Govemance Code underpinned by a
mpetent. infomied and engaged Trustee.
Investment pollcy and performance
The charity has the power to invest in any way the Trustee sees fiL The Foundation's Endowment Fund
is invested in a medium risk portfolio which has due regard to its status as a charity and its connections
with the Church of England. In liaison with RBC Brewin Dolphin, the Trustee has identified several
ethical exclusions along with p051tive inclusions for organisations that invest in vocational training.
Following the decision by the Trustee to adopt a Total Return Basis for managing the Foundation's
funds from the 31 August 2021 the Statement of Investrnent Policy has been updated to enable RBC
Brewin Dolphin to achieve the new policy objectives by focusing on capital and income growth rather
than needing to maximise income flows. The single portfolio is managed at risk level 6, with a higher
level of inveslments held in equities with the aim of achieving higher retums in the long temi.
The Trustee was pleased to see investment gains this year that offset most of the Investment losses of
the last years. The Total Retum net of management fees was 12.70/D (2023.. minus 0.860/o} resulting
in a £509.338 gain {2023= £174,284 loss). The Trustee notes that the markets remain volatile and
uncertain given the possible impacts of global changes of leadership and unre501ved conflicts.
Within the total return income was broadly similar to last year at 30/0 of the value of the portfolio at the
start of the financial year {2023= 3.200/0)- In absolute terms. investment income decreased in 2024 to
£149,187 (2023: £164.492) reflecting the lower value of investrnents at last year end.
Key policies
The Trustee has policies regarding Equal Opportunities and Safeguarding.
Risk Management
The Trustee has a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. An extensive
review of the risk register took place during the year with high risks and associated mitigaling actions
tabled at each board meeting.

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
General Data Protection Regulation {GDPR)
The privacy statement is kept up to date and is available to all grant applicants and others whose data
is held by the charity. Legal advice has previousty been sought to establish retention periods for
historical school records.
Financial review
The overall results of the charity are shown on page 10.
There was a small reduction in income related to investment performance £149,187 (2023.. £164,492).
The cost of providing charitable activities increased to £171,430 this year {2023.. £113,957). The
increase comprises a growth in net grant making to £139,828 {2023'. £84,621)- The Trustee is gradually
increasing grant making but grants withdrawn remain higher than they would like. These usually arise
because the grant holder no longer wants to undertake an activity, for example training. It is rarely a
punitive action. Operating costs are largely stable with inflationary increases in some areas being offset
with a reduction of premises and staff costs.
Unrestricted funds worth £105,989 were held at the year-end (2023.. £82,291). The Trustee plans to
spend some of this through increased grant making next year.
Restricted reserves increased slightly to £18,106 (2023.. £17,118) due only to an interest payment.
As at the year end, the Endowment Funds totalled £5,336,106 (2023.. £4,910,208) and is discussed
further below.
The underlying activities and events that have had direct impact on income and expenditure of the
charity have been discussed in detail elsewhere in this report, in particular in Achievemgnts and
Performance and in Invgstmgnt Policy and Performance.
Endowment Reserves under Total Return Accountlng
The Twslee elected to adopt the total return accounting policy for endowment funds with effect from 31
August 2021. The initial Trust for Investment was estsblished at £3,745,987.
The Trustee intends to allocate from the Unapplied Total Return (UTR) to unrestricted funds such sums
as the Trustee thinks appropriate in furtherance of its work. In making these transfers the charity will
seek both to be even-handed as be￿een current and future beneficiaries and to maintain the balance
of the UTR at an appropriate level considering the volatility of investment markets and inflation.
The Trustee will protect the interest of future beneficiaries by making a transfer from the UTR to the
Trust for Investment (Tforl) going forward. Any transfer from Unapplied Total Return to the Trust for
Investment must be capped at the cumulative Consumer Price Index (CPI) to comply with Charities
Commission guidance on applying Total Return Accounting. The Reserves Policy requires that over a
three-year rolling period a transfer equivalent to at least half of CPIO/D over the same period should be
made. In the year to 31 August 2022 the Trustee made a transfer equivalent to prevailing CPI of 9.9°
(£370.853). Last year CPI as of 31 August 2023 was 6.7 %, the Trustee decided notto make any transfer
to best balan￿S current and future needs of beneficiaries. In this year to 31 August 2024, the portfolio
has experienced good capital growth, and the Trustee has decided that greater protection of future
beneficiaries is required. Consequently, a transfer equivalent to the prevailing CPI of 2.20A {£90.499)
has been made from the UTR into the Trust for Investment. This equates over a three-year period to
be 12.1010 above the minimum transfer required by the reserves policy of 9.40/0.
The Trustee has set a target reserve policy for the UTR and General Fund equivalent to the value of
any grant offers not provided for in the accounts plus operating costs for one year plus 50/D of the value
of the Trust for Investment to allow for any downward investment market pressures. This is achieved

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
through determining the transfer to Trust for Investment and the level of grant making. As of 31 August
2024, this equated to minimum reserves of £263,678. The minimum rather than a target reserve policy
allows a prudent spend plan of any excess UTR over several years.
The Unapplied Totsl Retum stood atover£1,132,215 {2023.' £796,610) and the General Fund £105,989
{2023.. £82,291) giving a total of £1,238,204 (2023.. £878,901). The total is well above the minimum
reserve policy.
Plans for future perlods
In 2024 the Trustee reviewed the grant making strategy with the objective to reach more young people
in need, reduce the administrative burden of grant making and develop an appropriate spending plan
for the UTR. The Trustee will continue grant making via schools under the current programmes. Grants
totalling just over £200,000 are likely for the next 4 years. The Trust￿ is confident the reserve levels
already discussed will support this level of grant making. For 2024-2025 Inspiring Young Minds and
the Teacher and Training programmes will continue and the Schools Partnership programme will be
extended to at least two additional schools.
Structu￿, governance and management
The charity is governed by a scheme approved by the Charity Commission dated 31 August 2007 and
amended on 15 July 2021.
The parent entity, by virtue of it being the Corporate Truslee of The Bedgebury Foundation, is the
Bedgebury Foundation Trustee Company, a company limited by guarantee and not having a share
capital, and which is a registered charity governed by its memorandum and articles of association. The
Bedgebury Foundation Trustee Company is company number 04259130 and registered charity number
1089801. The directors of the corporate charty are its Trustees for the purposes of charty law and
throughout this report are collectively referred lo as the Trustee.
The Trustees and members of the Trustee, the Bedgebury Foundation Trustee Company, who served
during the year and up to the date of signature of the financial statements were..
P A Haines (appointed 12 June 2024)
R Hardingham
H McGill
A Musker
C Pollington (appointed 12 June 2024, resigned 6 January 2025)
K Rees
C Showell
J van Eyssen (resigned 12 June 2024)
l Dodds
A Young
The Trustee Board meets at least four times each year and is chaired by R Hardingham. The Trustee
Board consider the business of the charity and approves grants for distribution. Day to day management
of the charty is delegated to the Company Secretary of the Bedgebury Foundation Trustee Company,
Jane Angell- Payne Bsc ACA DChA. During the period covered by this report, Bedgebury Foundation
operated from an office in Pembury. Kent. Vacancies on the Trustee Board of BFTC are advertised with
an indication of the particular skills required at that time, candidates are interviewed by at least two
Trustees and appointed by a majority vote of all Trustees.

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Organisational structure
The control and overall management of the charty is exercised by the Trustee Board in accordance
with the Charitable Scheme and the Memorandum and Articles of The Bedgebury Foundation Trustee
Company. During the period two sub-committees have operated..
The Grant Awards Team, chaired by The Bedgebury Foundation Trustee Company Trustee,
Karen Rees, membership is four additional Trustees, the Director and one volunteer with
experience of teaching and assessing young people with specific learning difficulties. This team
conducts the first evaluation of eligible grant applications and makes recommendations to the
board.
The Strategic Investment Team, chaired by The Bedgebury Foundation Trustee Company
Trustee, Christopher Showell, with one other Trustee and the Director. This team leads the
three yearly review of investment policy and investment managers and the annual review of
investment perfomance.
Reference and admlnistrative information
Registered charity number
306306
Principal office address
Priory Cottage
Romford Road
Pembury
Kent TN2 4JD
Independent ex8miner
J Mathieson FCA
Lindeyer Francis Ferguson Limited
Chartered Accountants and Chartered Tax Advisers
North House
198 High Street
Tonbridge Kent TN9 1 BE
Principal bankers
National Westminster Bank plc
High Street
Cranbrook
Kent TN17 3EA
Scottish Widows Bank plc
PO Box 12757
67 Morrison Street
Edinburgh EH3 8YJ
CCLA
Senator House
85 Queen Victoria Street
London EC4V 4ET
Investment advisers
RBC Brewin Dolphin Limited
12 Smithfield Street
London EC1A 9BD

THE BEDGEBURY FOUNDATION
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of Trustee's Responsibilitles
The Trustee is responsible for preparing the Trustee's Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Charity law requires the Trustee to prepare financial statements for each financial year. Under that law
the Trustee has elected to prepare the financial statement5 in accordance with the United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable law).
Under charity law the Trustee musl not approve the financial statements unless it is salisfied that they
give a true and fair view of the state of affairs of the charity and of its surplus or deficit for that period.
In preparing these financial statements. the Trustee is required to..
Select suitable accounting policies and then apply them consistently.,
Observe the methods and principles in the Charities SORP {FRS 102).,
Makejudgments and estimates that are reasonable and prudent.,
State whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
Prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue to operate.
The Trustee is 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 ofthe charity and enable them to ensure that the financial statements comply with the Charities
Act 2011. It is 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.
The Trustee is responsible for the maintenance and integrity of the corporate and financial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the Trustee on 6 February 2025 and signed on its behalf by:
R Hardingham
Chairman

THE BEDGEBURY FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE
FOR THE YEAR ENDED 31 AUGUST 2024
I report to the Trustee on the financial statements of The Bedgebury Foundation ("the charity.) for the
year ended 31 August 2024.
Respectlve responsibilities and basis of report
As the Trustee of the charity, you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 (°the Acf).
I report in respect of my examination of the charily's accounts carried out under section 145 of the 2011
Act and in carrying out my examination I havefollowed all the applicable Directions given by the Charity
Commission under section 145(5){b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity 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 fomi and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
r8quirement that the accounts give a 'true and fairf view which is not a matter considered as
part of an independent examination.
I have no concerns and have come across no other malters 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.
J Mathi
on FCA
Lindeyer Francis Ferguson Limited
Chartered Accountants
North House, 198 High Street
Tonbridge, Kent TN9 1 BE
Date:

THE BEDGEBURY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Unrestricted
funds
2024
2024
Restricted Endowment
funds
funds
2024
Total
funds
2023
Total
funds
Note
Income from:
Investments
27
988
148,172
149,187
164,492
Total income
27
988
148,172
149,187
164,492
Expenditure on:
Raising funds
Charitable activities
4.899
171,430
31,612
36,511
171,430
36,190
113,957
Total expenditure
176,329
31,612
207,941
150,147
Net gains l (l¢)sses) on
investments
509,338
509,338
(174,284)
Net income
{ 176,302)
988
625,898
450,584
(159,939)
Transfers betsveen funds
11
200,000
(200,000)
Net movement in funds
23,698
988
425,898
450,584
(159,939)
Reconciliation of funds:
Total funds..
Brought forward
82,291
17.118
4,910,208
5,009,617
5,169,556
Carried fomard
11
105,989
18,106
5,336,106
5,460,201
5,009,617
10

THE BEDGEBURY FOUNDATION
BALANCE SHEET
AS AT31 AUGUST2024
2024
2024
2023
2023
Note
Fixed assets
Listed investments
5,321.126
4,914,572
5,321,126
4,914,572
Current assets
Dividends re￿1vable
Cash at bank and in hand
16,892
222,983
15,545
235,782
239,875
251,327
Current liabilities
Creditors".
amounts falling due within one year
(100,800)
(156,282)
Net current assets
139,075
95.045
Total net assets
5,460,201
5,009,617
The funds of the charlty
Endowment funds
Restricted funds
Unrestricted funds
5,336,106
18,106
105,989
4,910,208
17,118
82,291
11
5,460,201
5,009,617
The financial statemen
ere approved by the Trustee on
025 and signed on its behalf by.
R Hardingham
Chairman
11

THE BEDGEBURY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Status
The Bedgebury Foundation is a charitable foundation registered in England and Wales and governed by
a Charity Commission Scheme dated 31 August 2007 and amended on 15 July 2021. The address of
the principal office is Priory Cottage, Romford Road, Pembury, Kent TN2 4JD,
Accounting pollcles
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows..
2.1 Basis of preparation
These financial 5taternents have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UF( and Republic of Ireland {FRS
102)" (Effective 1 January 2019) - (Charities SORP (FRS 102)>, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Bedgebury Foundation meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are inf(ially recognised at historical cost or transaclion value unless othe￿iSe stated in the
relevant accounting policy note(s).
There are no material uncertainties about the charty's abilty to continue, and so the going concem basis
of accounting has been adopted.
The financial statements are presented in pounds sterling and rounded to the nearest pound.
2.2 Income
Income is recognised when the charity it legally entitled to it, re￿Ipt is considered probable, and the
amount can be measured reliabty.
Income from investments relates to interest which is recognised in the period to which it relates, and
dividends which are recognised on receipt.
2.3 Expenditure
Expenditure is recognised when a present legal ar constructive obligation exists at the balance sheet
date as a result of a past event, it is probable that a transfer of economic benefits will be required to
Settle the obligation, and the amount can be estimated reliably. All expenditure is accounted for on an
accruals ba51S.
Grants payable are recognised as liabilities when communicated in writing to the recipient, except where
the offer is conditional and fulfilment of the conditions is nol considered probable, or where meeting the
conditions is not within the control of the recipient. In these circumstances, the grant is recognised when
the conditions have been met. Commitments for performance related grants are recognised to the extent
that the performance related criteria are met.
Expenditure has been classified under headings that 8ggregate all costs related to the category.
12

THE BEDGEBURY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
2.3 Expenditure contlnued
Support costs are those relating to ftjnctions which assist the work of the charity but do not directly relate
to its activities. Support costs have been allocated to raising funds and charitable activities on the basis
of estimated usage.. raising funds 200/0, grantmaking activity 700/0, old school 10 % .
2.4 Penslon contributions
The charity operates a defined contribution salary sacrifice pension scheme. Contributions payable to
the charity's pension scheme are charged to the Statement of Financial Activities in the period to which
they relate.
2.5 Investments
Investments are initially recognised at their transaction value and subsequently measured that their fair
value as at the balance sheet date. The Statement of Financial Activities includes the net gains and
losses arising on revaluation and disposals throughoLrt the year. Unlisted investments are held at cost
less impairment.
2.6 Other flnancial Instruments
The charity only has financial instruments of a kind that qualify as basic financial instruments. Short tem
debtors, prepayments and creditors are measured at their settlement value.
2.7 Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
Trustee.
Restricted funds are funds which are to be used in accordance with specific conditions imposed by the
donor or which have been raised for specific purposes.
Endowment funds are permanent capital arising from the sale of Bedgebury School by the predeces50r
charity. The fund may only be expended on the costs of maintaining the capital, A total return accounting
policy has been adopted for the endowment fund.
Total Income
In the prior period, income of £627 was allocated to restricted funds and £163,857 to endowment funds.
13

THE BEDGEBURY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Total expenditure
Direct
costs
2024
Support
costs
2024
Total
2024
Total
2023
Expenditure on raising funds
Expenditure on charitable activities:
Grant-making
Old School
31,612
4,899
36,511
36,190
147,119
4,716
17,146
2,449
164,265
7,165
110,388
3,569
183,447
24,494
207,941
150,147
Direct costs comprise:
Investment management fees
Grants awarded (see Note 51
Software licences
Insurance
Premises and other costs
31,612
139,728
5,171
2,765
4,171
31,304
84,621
4,418
2,524
2,849
183,447
125,716
Support costs comprise:
Office and staff costs
Finance costs
Governance costs..
Independent examination
Accounts preparation
Trustees, expenses
20,947
67
21,285
98
2,150
1,330
1,750
1,250
48
24,494
24,431
In the prior year, expenditure of £Nil was applied to restricted funds and £32,430 was applied to
endowment funds.
14

THE BEDGEBURY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Grants payable
To
Individuals Institutions
2024
2024
Total
2024
Total
2023
Grant commitments brought fomard
New grants 8W8rded
Grants withdrawn or refused
Grants paid
18,321
128,743
147,064
174,041
174,041
{ 10,396)
{ 23,9171
134,313)
(3,925) (191,8311 (195,756)
206,151
131,861
(47,2401
(143,708)
Grant commitments carried forward
4,000
87,036
91,036
147,064
All grant commitments carried forward are payable wrthin one year.
The number of grants made during the year to institutions was 50 (2023.. 31) and no new grants we
made in the current nor pr8ceding year to individuals.
Employees
Total
2024
Total
2023
Staff costs comprise..
Wages and salaries
Employerfs pension contributions
19,341
1,606
19,754
1,531
20,947
21,285
During the year the average monthly number of employees was 1 (2023.. 1). No employees had
remuneration in excess of £60,000 in the current nor preceding period.
Listed investments
At fair value..
At 1 September 2023
Additions at cost
Disposals at carrying value
Unrealised change in market value
4,914,572
1,535,185
(1,565,043)
436,412
At 31 August 2024
5,321,126
During the year realised gains on disposal were £70,796 (2023.. losses of £17,536).
The listed investments have a historical cost of £4,776,953 {2023'. £4,860,324). Investments h81d outside
the United Kingdom have a fair value of £3.401,745 (2023: £2,800,932).
15

THE BEDGEBURY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Credltors: amounts falling due within one year
2024
2023
Grant commitments (see Note 5)
Other creditors
Accruals and deferred income
91,036
1,041
8,723
147,064
1,001
8,217
100,800
156,282
Related party transactions
The key management personnel of the charity is considered to be the Trustee.
The Trustee did not receive any remuneration, benefits or reimbursed expenses during the period nor
during the preceding period.
10 Analysis of net assets between funds
Unrestricted
funds
Restricted Endowment
funds
funds
Total
funds
Current year
Investments
Net current assets
5,321,126
14,980
5,321,126
139,075
105,989
18,106
Total net assets
105,989
18,106
5,336,106
5,460,201
Unrestricted
funds
Restricted Endowment
funds
funds
Total
funds
Prfor year
Investments
Net current assets
4,914,572
(4,364)
4,914.572
95,045
82,291
17,118
Total net assets
82,291
17,118
4,910,208
5,009,617
16

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