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← The Bedgebury Foundation

2025-08-31-accounts

Registered Charity number: 306306

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THE BEDGEBURY FOUNDATION

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TRUSTEE’S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2025
PIU,
$ QS
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THE BEDGEBURY FOUNDATION

CONTENTS

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||||||| |---|---|---|---|---|---| |Page| |Trustee’s|Report|1| |Report|of the|Independent|Examiner|9| |Statement|of|Financial|Activities|10| |Balance|Sheet|11| |Notes|to|the|Financial|Statements|12|

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 See The Trustee presents its report and the unaudited financial statements of The Bedgebury Foundation (“the charity”) for the year ended 31 August 2025.

The Trustee confirms that the report and financial statements of the charity comply with the current statutory requirements, the requirements of the governing 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)).

Objectives and activities

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 benefit of the public to advance education and training in accordance with the principles and practices of the Church of England through any or all of the following means:

The principal activity of the charity in the year under review was that of making grants for the benefit of young people through the first two means. The Trustee has paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

There were four ways grants were awarded in 2024-2025

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e Teacher and Training, by
application in Autumn 2024 Distribution of funding 2024/25
ae en ear aoe — 16 awards Schon ) Seed fundingx2
e totalling £41, Partnerships x3 ————-"T grants
Inspiring Young Minds, by grants \
application with a Speech and \
Language theme in Spring
2025 - 15 awards totalling
£50,075 ~=d inspiring Young
e . . Teacher & = | Minds x15
School Partnerships with Trainingx 16 grants
Hartsdown Academy, Christ grants
Church Academy and
Archbishop Courtenay School 2l¥M «= T&l ew SchoolPartnershins » SeedFianding
grants totalling £96,088
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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 2024 and most of the activities were undertaken in the current year to 31 August 2025.

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

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Inspiring Young Minds

In 2024-25 grants were awarded through the IYM fund for speech and language initiatives. Five of the grants awarded were for Board Game initiatives, the rest were a combination of speech and language therapist support, language link and other software packages and one school ran a storytelling project. "when I go to speech and language intervention | feel | can communicate my feelings after having been fo the session" (pupil)

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Beneficiary Breakdown “Playing board game sessions with Mr M
AS really helps me stress out less, helps me
[s }- thefocus rest and of putsthe day” me in (year a better 9 pupil) mood for
All schools stated the grant had provided
a legacy beyond the year of support for
akSt ew KS2 aXS3 = KS4 both children and the teacher learning
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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 term transferable skills into state schools and the longer courses may not be completed for several years after the award of a grant.

We review the impact of Teacher and Training grants when the training has been completed — this can take several years. 14 grant applicants completed their courses in this financial year. The applicants had undertaken the following training:

Below are some examples of how young people have benefitted from the training funded:

Positive behaviour management: “Reduced injuries in SEN Hub...due to these reductions children were able to learn in a calm environment, leading to more academic progress.”

Attachment and trauma training: “the children are noticeably happier, more settled, and emotionally secure. This positive transformation is largely due to the high-quality trauma-informed training delivered by DT. The impact of DT’s work is evident across the school and continues to shape a more inclusive and emotionally intelligent learning community.”

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 eee

BSL: “Improved literacy — by presenting whole school assemblies using sign language, the pupils are exposed to an alternative language. Improved emotional wellbeing — we have seen an increase in children participating in lessons. Improved engagement — the children now greet me at the gate using sign language and parents have commented on how they are using their new signing skills at home and in the community.”

Makaton: “For those children who have more complex needs teaching them Makaton has beena joy. They have gone from not much communication to now being able to communicate their needs and wants.”

School Partnerships

The Foundation 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 available data and the Foundation was looking for engaged and forward-thinking leadership teams.

Hartsdown Academy in Margate

In 2022 Hartsdown Academy's accepted proposal to the Foundation was to develop a whole school approach to supporting children with their social, emotional and mental health needs (SEMH) alongside a continuum of provision for those with greater levels of SEMH challenges.

The school made some impressive progress during the three-year grant period, they have moved from Requires improvement to Good. In what was to be the final year of the grant, they increased the number of trained Thrive practitioners and now have 8 Thrive practitioners and 4 who have additional training in Family Thrive. Alongside Thrive they have been receiving support around relational practice from a consultant, which has focused on students, school leaders and staff as well as parents.

They are experiencing improved academic performance and were able to demonstrate this with statistics, student behaviour management has changed and has improved as a result and again this was evidenced with statistics. Parental engagement is also improving. They are working towards being a Thrive centre of excellence and regularly receive visits from other schools. An additional small grant was awarded to the school for a fourth and final partnership year.

St John’s Church of England Primary School in Canterbury

In 2022 St John’s accepted proposal to the Foundation was to improve assessment methods and training to identify Special Educational Needs at the earliest opportunity and enable suitable provision to be provided.

St John’s have 7 practitioners and have now been implementing Thrive properly for a year, so they are still at early stages with measuring data, but over half the children who have taken part in Thrive interventions have moved on three strands, which is significant progress.

Other initiatives funded by the Foundation include Wellcomm, Language Link and Speech Link, these are now all working well. The Foundation has also funded Speech Therapy and Play Therapy, which have benefitted 19 children in the final year of the grant. Benefits of the speech therapy included reducing wait times for parents to get interventions in place for their children, additional classroom resources for teaching staff and one child has now been able to move to a more suitable school placement, following reports made by the speech therapist.

The school stressed that the biggest legacy of the funding was Thrive and they will continue to implement Thrive in coming years. This partnership has now come to an end, although St John’s will continue to host visits with other schools to share learning from the grant.

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 eee Christ Church Academy, St Leonards

This year the Foundation entered into a new three-year partnership with Christ Church Academy. Christ Church is a primary school with a particularly high number of students who have English as an additional language (EAL). Their proposal to the Foundation centred around a three-year speech and language programme. Funding was agreed at the end of the financial year, with the project starting in September 2025.

Seed funding programme

The seed funding programme is new and offers small grants to charities/CICs who wish to plug some missing expertise in schools to assist children of any age with additional needs. Funding offers the charity/CIC the opportunity to build evidence to support an innovative idea. The Trustee doesn't invite applications to this fund, instead potential applicants are researched and approached. This year, two seed funding grants have been awarded for innovative projects; one around bereavement and a music project. They will be reviewed and evaluated in August 2026.

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 toESG screening and RBC Brewin Dolphin itself is a responsible investor considering sustainability, ethics, human rights, workplace safety, emissions, deforestation, and many other similar facts 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 learning needs or by emotional trauma. Many of the grants also have environmental benefits such as Forest Schoo! equipment and training.

The Trustee is committed to good governance and policies and procedures are informed by guidance and training from the Charities Commission, the association of Charitable Foundations, Charity Finance Group. The charity adopts the principles set out in the Charity Governance Code underpinned by a competent, informed and engaged Trustee.

Investment policy and performance

The charity has the power to invest in any way the Trustee sees fit. 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 Doiphin, the Trustee has identified several ethical exclusions along with positive 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 Investment 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 investments held in equities with the aim of achieving higher returns in the long term.

.

The Trustee was pleased to see investment gains this year that offset most of the investment losses of the last two years. The Total Return net of management fees was 5.85% (2024: 12.7%) resulting in a £197,244 gain (2024: £509,338 gain). The Trustee notes that the markets remain volatile and uncertain given the possible impacts of global changes of leadership and unresolved conflicts. Within the total return income was 2.65% of the value of the portfolio at the start of the financial year (2024: 3%). In absolute terms, investment income decreased in 2025 to £143,274 (2024: £149,187).

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

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 mitigating actions tabled at each board meeting.

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 previously 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 £143,274 (2024: £149,187).

The cost of providing charitable activities increased to £226,721 this year (2024: £171,430). The increase comprises a growth in net grant making to £184,886 (2024: £139,728). 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 increased slightly, due to a handover period between the outgoing and incoming Directors.

Unrestricted funds worth £72,018 were held at the year-end (2024: £105,989).

Restricted reserves increased slightly to £19,018 (2024: £18,106) due only to an interest payment.

As at the year end, the Endowment Funds totalled £5,443,107 (2024: £5,336,106) 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 Achievements and Performance and in Investment Policy and Performance.

Endowment Reserves under Total Return Accounting

The Trustee elected to adopt the total return accounting policy for endowment funds with effect from 31 August 2021. The initial Trust for Investment was established 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 between 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 CPI% over the same period should be made. In the year to 31 August 2023 CPI as of 31 August 2023 was 6.7%, the Trustee decided not to

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

make any transfer to best balance current and future needs of beneficiaries. Last year to 31 August 2024, the portfolio experienced good capital growth, and the Trustee decided that greater protection of future beneficiaries was required. Consequently, a transfer equivalent to the prevailing CPI of 2.2% (£90,499) was made from the UTR into the Trust for Investment. This year in line with the prevailing CPI a transfer of 3.8% was made (£159,747). This equates over a three-year period to be 6%, which is just below the minimum transfer required by the reserves policy of 6.3%.

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 5% of the value of the Trust for Investment to allow for any downward investment market pressures. This is achieved through determining the transfer to Trust for Investment and the level of grant making. As of 31 August 2025, this equated to minimum reserves of £329,000. The minimum rather than a target reserve policy allows a prudent spend plan of any excess UTR over several years.

The Unapplied Total Return stood at £1,080,124 (2024: £1,132,215) and the General Fund £72,018 (2024: £105,989) giving a total of £1,152,142 (2024: £1,238,204). The total is well above the minimum reserve policy.

Plans for future periods

In 2025 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 Trustee is confident the reserve levels already discussed will support this level of grant making. For 2025-2026 Inspiring Young Minds and the Teacher and Training programmes will continue and the Schools Partnership programme will be extended to at least one additional school..

Structure, governance and management

amendedThe charityonis15governedJuly 2021.by a scheme approvedby the Charity Commission dated 31 August 2007 and The parent entity, by virtue of it being the Corporate Trustee 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 charity are its Trustees for the purposes of charity law and throughout this report are collectively referred to 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 R Hardingham (resigned 17 July 2025)

H McGill A Musker

K Rees

A Young P Simpson (appointed 22 August 2025)

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THE BEDGEBURY FOUNDATION TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustee Board meets at least four times each year and is chaired by | Dodds. The Trustee Board consider the business of the charity and approves grants for distribution. Day to day management of the charity is delegated to the Company Secretary of the Bedgebury Foundation Trustee Company, Claire Haffenden. During the period covered by this report, the Company Secretary changed, so The Bedgebury Foundation operated from two offices — one in Canterbury and one in Pembury, Kent. From September 2025 the Foundation reverted to one office in Canterbury. 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.

Organisational structure

The control and overall management of the charity 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:

Reference and administrative information

Registered charity number 306306 Principal office address Little Woodham House Nash, Ash Canterbury Kent CT3 2JX

Independent examiner J Mathieson FCA Lindeyer Francis Ferguson Limited North House 198 High Street Tonbridge Kent TN9 1BE Principal bankers National Westminster Bank pic High Street Cranbrook Kent TN17 3EA

Principal bankers

Scottish Widows Bank plc PO Box 12757

67 Morrison Street Edinburgh EH3 8YJ

CCLA Senator House 85 Queen Victoria Street London EC4V 4ET

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THE BEDGEBURY FOUNDATION

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Investment advisers RBC Brewin Dolphin Limited 12 Smithfield Street London ECTA 98D

Statement of Trustee’s Responsibilities

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).

Chenity law requires tha Trustee fo prepare financial statements for each financial year. Under that law the Trustee has elected io prapare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and epplicabie law}. Under charity taw the Trustee must net approve the financial slatements unless it is satisfied that they give a true and fair view of the stete of affairs of the charity and of Its surplus or deficit for that period. in preparing these financia! statements. the Trustee is required to:

The Trustee is responsible for keeping adequate accounting records that are sufficient to show and expiain the charity's Tansactiians and disclose with reasonable accuracy at any ime the finanaal position of the charity and snable them fo 6nsure that the financial statements comply with the Charities Act 2071. It is also responsible for safeguarding the assets of the charily and hence for taking reasonabie steps for the prevention and detection of fraud and other itrequiarities.

The Trustee fs responsible for the maintenance and integrity of the corporate and financial information inctuded on the charity's website. Legislation in the United Kingdom goveming the preparation ard dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the Trustee on ....RAL. ul. fww. 2026 and signed on its behalf by:

1 Dodds Chairman

THE BEDGEBURY FOUNDATION

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEE FOR THE YEAR ENDED 31 AUGUST 2025

| report to the Trustee on the financial statements of The Bedgebury Foundation (“the charity’) for the year ended 31 August 2025.

Respective 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 Act”).

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

| have completed my examination. | 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:

| 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.

yLindnerMethiet ie FrondsBy.Lajnewn Lid Lindeyer Francis Ferguson Limited North House, 198 High Sireet Tonbridge, Kent TN9 1BE Date: 25/02 [26.....

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THE BEDGEBURY FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

2025 2025 2025 2025 2024
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
Note
Income from:
Investments - 912 142,362 143,274 149,187
Total income 3 - 912 142,362 143,274 149,187
Expenditure on:
Raising funds 7,250 - 32,605 39,855 36,511
Charitable activities 226,721 - - 226,721 171,430
Total expenditure 4 233,971 - 32,605 266,576 207,941
Netgains / (losses) on
investments 8 - - 197,244 197,244 509,338
Net income ( 233,971) 912 307,001 73,942 450,584
Transfers between funds 13 200,000 - ( 200,000) - -
Netmovement infunds ( 33,971) 912 107,001 73,942 450,584
Reconciliation offunds:
Total funds:
Brought forward 105,989 18,106 5,336,106 5,460,201 5,009,617
Carriedforward 13 72,018 19,018 5,443,107 5,534,143 5,460,201

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THE BEDGEBURY FOUNDATION

BALANCE SHEET AS AT 31 AUGUST 2025

2026 2026 2024 2024
as restated
£ £ £ =
Note
Fixed assets
Tangib'eassets
Listedinvestments		 7
8		 643
§490.333		 -
§,362,052
$490,876 §,382.052
Currentassets
Dividendsreceivabie
Cashatbankandinhand		 15,682
133,207		 16,892
162,057
148,889 178,949
Current liabilities
Creditors:
amountsfalling duawithinoneyear 9 (77,722) { 400,800)
Net current assets 71,167 78,149
Totalazsetsjesscurrentilabilities §.562.143 §,460.201
Creditors:amounts fallingdueaftermore
than one year		 10 hy
;
(28,000)		 -
Totalnetassets §,534,143 5,460,201
[ea BO
Thefundsofthecharity
Endowmentfunds
Restrictedfunds
Unresticiedfunds		 $443,107
19.918
72,018		 §,338,106
18,106
105,989
43 § 534,143 §,460,201
es Be

The financial statements were approved by the Trustee on O14... 2026 and signed on its behalf by:

Chairman

THE BEDGEBURY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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 Little Woodham House, Nash, Ash, Canterbury, Kent CT3 2JX.

2 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

These financial statements 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 UK 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 initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

There are no material uncertainties about the charity's ability 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, receipt is considered probable, and the amount can be measured reliably.

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 or 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 basis.

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 not 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 aggregate all costs related to the category.

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THE BEDGEBURY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2.3 Expenditure continued

Support costs are those relating to functions 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 20%, grantmaking activity 70%, old school 10%.

2.4 Pension 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.

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 throughout the year. Unlisted investments are held at cost less impairment.

The charity only has financial instruments of a kind that qualify as basic financial instruments. Short term debtors, prepayments and creditors are measured at their settlement value.

2.7 Tangible fixed assets and depreciation

Assets costing less than £500 are not capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated realisable value of each asset over its expected useful economic life, as follows:

Office Equipment

20% straight line

2.8 Fund accounting

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 predecessor 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. 4

3 =“ Total income In the prior period, income of £988 was allocated to restricted funds, £148,172 to endowment funds and £27 to unrestricted funds.

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THE BEDGEBURY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

4 Total expenditure
Direct Support
costs costs Total Total
2025 2025 2025 2024
£ £ £ £
Expenditure on raising funds 32,605 7,250 39,855 36,511
Expenditure on charitable activities:
Grant-making 192,741 25,374 218,115 164,265
Old School 4,981 3,625 8,606 7,165
230,327 36,249 266,576 207,941
Direct costs comprise:
Investmentmanagementfees 32,605 31,612
Grants awarded (see Note 5) 184,886 139,728
Software licences 5,638 5,171
Insurance 2,868 2,765
Premises and othercosts 4,330 4,171
230,327 183,447
Support costs comprise:
Officeand staff costs 32,322 20,947
Finance costs 66 67
Depreciation 72 -
Governance costs:
Independent examination 2,030 2,150
Accounts preparation 1,390 1,330
Trustees' expenses 369 -
36,249 24,494

In the prior year, expenditure of ENil was applied to restricted funds and £31,612 was applied to endowment funds.

14

THE BEDGEBURY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

meee

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |5|Grants|payable| |To|To| |Individuals|Institutions|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Grant commitments|brought|forward|4,000|87,036|91,036|147,064| |New grants awarded|-|193,482|193,482|174,041| |Grants withdrawn|or refused|(|1,612)|(|6,984)|(|8,596)|(|34,313)| |Grants|paid|(|2,388)|(|177,046)|(|179,434)|(|195,756)| |Grant commitments|carried|forward|-|96,488|96,488|91,036|

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£28,000 of the grant commitments carried forward are payable in more than one year.

The number of grants made during the year to institutions was 40 (2024: 50) and no new grants were made in the current nor preceding year to individuals.

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|||||| |---|---|---|---|---| |Total|Total| |2025|2024| |£|£| |Staff costs|comprise:| |Wages and|salaries|30,096|19,341| |Employer's|pension|contributions|2,226|1,606| |32,322|20,947|

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During the year the average monthly number of employees was 2 (2024: 1). No employees had remuneration in excess of £60,000 in the current nor preceding period.

15

THE BEDGEBURY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7 Tangible fixed assets Tangible fixed assets Office
Equipment
£
Cost
At
1 September2024		 -
Additions 715
At 31 August2025 715
Depreciation
At 1 September2024 -
Charge forthe year 72
At 31 August2025 72
Net book value
At 31 August2025 643
At 31 August2024 -
8 Listed investments
£
At fair value:
At
1 September2024		 5,321,126
Additions at cost 1,552,882
Disposals at carrying value ( 1,697,023)
Unrealised change in marketvalue 233,415
At31 August2025 5,410,400
Cash equivalents at 1 September2024 (as restated) 60,926
Movement in cash held forinvestments 19,007
Cash equivalents at31 August2025 79,933
Totallistedinvestmentsat31August2025 5,490,333

During the year realised losses on disposal were £36,171 and unrealised gains due to changes in market value were £233,415 giving net gains of £197,244 (2024: gains of £72,926 and £436,412 respectively giving net gains of £509,338).

The listed investments havea historical cost of £4,593, 102 (2024: £4,776,953). Investments held outside the United Kingdom havea fair value of £3,449,432 (2024: £3,401,745).

During the preparation of these financial statements, prior period investment portfolio cash balances of £60,926 have been restated to investments from cash at bank.

16

THE BEDGEBURY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9 Creditors: amounts falling due within one year

9 Creditors: amounts falling due within one yearyear
2025 2024
£ £
Grantcommitments(see Note 5)
Othercreditors		 68,488
292		 91,036
1,041
Accruals and deferred income 8,942 8,723
77,722 100,800
10 Creditors: amounts falling due within oneyear
2025 2024
£ £
Grantcommitments (see Note 5) 28,000 -
28,000 -

11 Related party transactions

The key management personnel of the charity is considered to be the Trustee.

The Trustee did not receive any remuneration or benefits during the period nor during the preceding period.

12 Analysis of net assets between funds

Unrestricted Restricted Endowment Total
Currentyear funds funds funds funds
£ £ £ £
Fixed assets 643 - - 643
Investments - - 5,490,333 5,490,333
Net currentassets 99,375 19,018 (47,226) 71,167
Non-current liabilities ( 28,000) - - ( 28,000)
Total net assets 72,018 19,018 5,443,107 5,534,143
Unrestricted Restricted Endowment Total
Prioryear funds funds funds funds
£ £ £ £
Investments - - 5,382,052 5,382,052
Net current assets 105,989 18,106 (45,946) 78,149
Totalnetassets 105,989 . 18,106 5,336,106 5,460,201

17

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