WILLIAM BELMER RUSH FOUNDATION
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
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WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES
For the year Ènded 31 March 2025
The William Belmer Rush Foundation VAS established on the 5 June 1964 vnder a Declaraoon of
Trust by Miss W.V. Rush to promote the advancement of education with particular emphasi5 on
assisting past and present pupils of Muntham House School in Horsham. Sussex in whatever way the
Trustees think fit. Later Miss Rush requested in wricing that the Trustees use income from the
Foundation to support the work of B3rnardo's and Save the Children.
Objective$ & Aims
The Foundation's objectives remain the same as specified by Miss Rush:
To profflote the advancement of education with particular emphasis on assisting past and present
pupils of Muntham House School in whatever way rhe Trus￿e5 think fiL and
To use income from the Foundation to support the work of Barnardo's and Save the Children in
whatever way the Trustees chink fiL
The Tru5cees' investment policy to fulfil this objective is by maximising intome whilst trying to ensure
capiol value is not eroded. especially by inflation. The Foundation is an endowed chariry tha¢
empowers the Trustees to distribute the investment income but not the capital,
Financial Revi•w
The attached accounts show that the Foundation received a total of £83.579 (2023124: £82.097) and
authorised grants totalling £77.184 (2023124: £75.324). The total current value of the invescments has
decreased 4Y. during the year co 31 March 2025. Income from investments has increased by 1.8%
(2023124 increase 2.41.). Analysis of ¢he changes for the individual investment vehicles is given in no
4 to the Accounts. All income is received gr05s of tax.
The current split of the capitsl investment as shown against the approved optimum split is shown
below:
Optimum split
70%
25%
At 31 March 2025
84.9%
14.8%
0.2%
Investment Fund
Property Fund
Deposit Account (Capital)
The current split of capital investments is not aligned to the optimum spli¢ this will be considered by
the Trustees at the forthcoming AGM.
The Trustees distribute the income received as shown below. These amounts are distributed after
the c105e of the financial year and will be applied by the beneficiary charities during the financial year
ending 31 March 2025.
2024125
33.3%
£25,728
33.3%
£25.728
33.3%
£25,728
2023124
33.3%
£25.108
33.3%
£25,108
33.3%
£25,108
Save the Children UK
Barnardo's
Muntham House School
The Board of Trustees have agreed an equal split between the three beneficiary charities for the
2024-2025 grant distributions. This will be ratified at their 2025 generdl meeting on the balance sheet
date.
Reserve5 Policy
Current year expenditure 15 met out of current year income (m05tly from the endowment fund) and,
after providing for accrued expenditure, the remaining surplus is disbursed to the beneficiary charities
as detailed above. As the charity does not have any employee or properry commitments, then it is
unnecessary to hold reserves. The balance sheet therefore shows that the net assets comprise only
the value of the endowment fund - and thus reserves are nil.

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Achievèments and Performance
The 2023124 distributions were used ro facilitate the following projeccs as explained by the
beneficiaries.
SAVE THE CHILDREN UK
The William Belmer Rush Foundation's grant was used for two purposes. The grant's first use was
towards our Emergency Fund, part of which. entailed supporting children impacted by humani¢arian
emergencie5 to continue co receive an education. Second, the grant went to an Early Childhood Care
and Development {ECCD) programme in the Bekaa Valley. Lebanon.
12-Month Progress Report I: Ensuring Educatlonal Opportunities for Children Impacted
by Emergencles
The bulk of WBR Foundation's 5UPPOrt in 2024 helped to enable Save the Children to reach 12.7
million children in emergencies across 71 countries during 2024. One example of this, was our pilot
Educational Route projecL in which tens of thousands of refugee families (who had to make the
difficulf cr055ing from South to Central America). were able to make use of an innovative system to
ensure that their children's education stayed on track.
The project used a tool that assessed each child's educational level and facili¢ared the transfer of their
educational records as they travelled along the route, helping them to access classes at the right level
in each country. Over 1,369 children have been assessed by the tool to dace. and following the
successful piloL it is now fully operational, helping many more refugee children to access quality
learning across Central America.
A further example was our response to the Laki-laki volcano eruptions in 2024-25. from November
2024 to March 2025, which displaced over I 5,000 people and had over 70 casualties. These eruptions
filled schools with ash and debris.
Falling rocks also Caused extensive damage, and some classrooms caught on fire. Almost immediately
and continually, the educational pathways for over 5.300 children were disrupted. At once. they had
to learn in tents and temporary learning centre5, while our emergency school supported children who
Ilved wlchin the Immediate vicinity of the volcano. In addicion, Save the Children provided
psychosocial support and sanltatlon servlces for the impacted communities. All of which was enabled
by the Truscees. support.
Case Study: Livlw Continuing Her Educational Journ¢y
One such person who benefi¢ced from this supporL was Livi* | I, who lost her family home in che
November 2024 eruption. For three months, Livi and her family moved between different shelters
before finally settling in temporary housing.
In the displacement centre, Livi continued her schooling in emergency tent5 behind the temporary
housing. However, due to the limited number of tents, two to three classes had to share one space.
separated only by fabric dividers. To rettify this, Save the Children, along with our partners, built a
new temporary learning space rhat safer, more cornfortable, and spacious.
These emergency schools are made of metal frames. zinc, and plywood. designed with good air
circulation in mind. built near trees, and equipped with new desks, chairs. and clean water ¢oilets. Livi
and the other children attending the temporary learning space also received school kits, including
unifornis, books. shoes, and Stationary. Kits for shel*r and hygiene. among others. were also
provided to the children.
Now, Livi can continue learning safely and comfortably. With better learning spaces and adequate
school supplies, she can pursue her education and work towards her dream of being a teacher.
"Without teachers. there would be no police officers or law enforcement because everyone learns
from teacher. l also love the idea of becoming a teacher because teachers are usually kind."

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
12-Month Progress Report 2: Enhancing Futures: Early Childhood Care & Development
(ECCD) for Children in The Bekaa Valley* Lebanon
The resi of the Foundation's grant (£921.44) also went towards this Crucial project in Lebanon. which
supported vulnerable children (particularly those from refugee (amilies and with disabilities) to access
quality, and tailored, ECCD.
Before 2024, Lebanon had already been experiencing an unprecedenced economic crisis that greatly
impacted che ability of vulnerable communities to be economically self-sufficienL Over 1.2 million
school-aged children had their educations disrupted in 2020 alone, with 400,000 being unable to
attend due to poverry, among ocher factors. To escalatr matters even further, Lebanon experienced
yet another round of hostilities with neighbouring Israel, which displaced over 1.2 million people and
420.000 children.
The projecr's activltie5 were undertaken In the Bekaa Valley. which was already one of the most
marginalised regions in Lebanon before the conflicL Over 90% of refugees residing in the Valley were
struggling to meet the minimum expendirure required for survival, and over the p￿cedIng year
there was a marked reduttion of opportunities for livelihood5.
The project aimed ro improve the long-term prospects of vulnerable children in the Bekaa Valley by
enhancing their skills and ensurinz that they can learn at home. In particular, che project had the
following objectives:
l. Improving the learning outcomes and access to fonnal educatlon for vulnerable children aged
between 4 and 6 years old.
2. Developing the capacities of parents, careglvers. educators. and teachers to 5UPPOrt their children's
continuity of learning.
3. Increasing the awareness of the community around the imporr2nce of education and child
protettion risks via ini¢iatives that posltlvely Impatt and benefit the community.
This was achieved through ongoing training and capacl(y bullding for trachers and partner sr2ff, with
focus on inclusive education practices to provide supportive and effectlve learning environments for
all children. We closely engaged with parents, equipping rhem with the skills and knowledge th•y
needed to supporr their children's learning and development at horne.
Through this holisric approach towards educatlon and care, via the combination of both 5chool- and
home-based activities, we were reinforcing the Impact of the ECCD seryices and promoting the
wellbeing and development of children.
In total, 418 children were reached directly, as well as 30 reachers and 217 caregiver5. Furthermor
1,856 people were reached indirettly (1,254 children, 60 teacher family members, and 542 car•givers'
family members).
Some key highlights from our activlties included the followin
22 oachers and 8 ￿l¢hIng as5iStaTrts (TAS) were recruited, all of whom had previously worked
under the holistic ECCD model,
o Their skills were further refined through an extensive series of professional development
sessions, ensuring that they possessed the requisice knowledge in key educational and child
protection concepts, and ultimately enhancing the quality of the education provided.
o Moreover, ongoing sUPPOrt was provided through Teacher Learning Circle5 (TLCsl, which
involved peer-EQ.peer sessions and regular follow-ups.
418 children were direcdy enrolled (223 girls and 195 boy5). Of these. 152 were placed in level 2.
and 266 in level 3.
By the end of the cycle, 414 children had successfully completed at leart 70% of the
sessions. Four children had w drop ou4 which were for one of two reasons; l} due to
relocation within Lebanon, or 2) returning to Syria.

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Due to the challenging socioeconomic and political concext of Lebanon. as well as the access issues
for some of the children. cransport was provided to ensure consistent attendance.
o This transport was tailored to each child's need and Context. Follow-ups were conducted
on the instance of any absence. including the sharing of catch-up learning matsrials.
Beyond the standard sessions. ex(ra rev15i0n sessions were organised to support those
with additional learning needs, and in che process helping these studen¢$ to further develop
their socio-emotional skills.
96% of the children who went through the projett had made significan¢ improvements in their
learning outcomes.
418 learning kits (223 for girls, and 195 for boys) were distributed to ensure the participaling
children had the necessary educational materials.
Awareness raising sessions on proper hygiene practices and Ilce prevention were conducted for
caregivers and children to improve their undersonding and prevent any future health issues.
An awareness raising session on rhe Importance of Education was prepared by Save the Children
and delivered by the teachers to the caregivers.
This was crucial in strengthening the relationship berween teachers and caregivers,
highlighring the benefits of education for individuals and soclety, and stressing the importance
of enrolling children in schools.
For all Level 3 students. a school bag and stationery were provided on the last day of the project
to ensure that they were able to transition to formal education with the necessary macerials.
At the end of the Pro1￿ the team organised a special Ihree•day event on Auzust 2 1st which
aimed to foster the mental wellbeing of the children and boost thelr self-esteem
o This event was a platform for them co unwind. have fun. and develop soclal connectlons
with their peers.
o It was also an opportuniry for the children to platform their newly acquired skills, such as
self-expression, effective communication. as well as celebrating their accomplishments.
During the ffinal phase of the projec¢ our education and eommunity support tsams installed solar
powered lights near the schools to improve the safety of the children. with a key focus on improving
visibility and safety during low-light hours.
o In total, 90 solar lights were ins&illed, benefitting almost 4,000 people, of whom c.2.500
were children
*Names changed to keep people safe
BARNARDO'S
ETS Scotland overview
In 20242025 the delivery of a wide range of qualifications has continued w be core component of the
work of our Barnardo's Works Services across Scotland. This year we have started to develop more
vocational pathways in childcare, hospitality and construction. This work has meant we have seen a
big rise in qualification5 such as Paediatric First Aid. We have also had over 140 young people achieve
their one-day Health and Safety in a construction environment course thac is a core component for
young people if they wish to move in the construttion sector and work towards the CSCS card.
In 2024-25 we worked wich over 1300 young people in our front-linè seryites and $upported over
750 young people to achieve a qualification that helped them imprt)ve their readiness for work and
ove in to work
We are still contiTruing to see young people present with complex barriers: many young people
report that their education has been impacted by the pandemic and that they really appreciate being
ble to learn in a different environment. Barnardo's Works continues to support young people with a

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
wide range of additional barriers. We are yet to fully collatr our full EDI impact for the year but at
the moment this includes:
Care leavers., I 5% of young people we have supported disclosed haviThg a lived experience of
being in care.
Young people with learning difficulties: 22% of young people we have suppOr￿d disclosed
form of learning disability, mainly low to moderate.
Young people with mentsl health issues: 23% of young paople we have supported di￿10$ed
mental health issue& mainly low to moderate.
I've learnt a lot about employment and more about practical worlL I know how
important teamwork is in a practical environment, and I definitely enjoyed this a lot
more than I thought I would."
The ETS Model
Vocational Tralnlng
Offering training in
and Hea
Activities that enga
the world of work, In
Employability Ski115
Our focus is on developing strong trusted relationships with young people and getting ¢0 understand
where they are on fheir journey into employment. We rake a holistic approach to this. understanding
not just the support they need w ob(ain employment but also understand the wider pastoral Theeds
and is5ue5 the young person may need support with for examplq Housin& Money Management and
Sub5tsnce misuse. The support we deliver is tailored to suit each young person's individual needs.
"They helped wak• m¢ UP to the reality of th• world. I r•alis•d I had to do somethlnz
to keep me busy. whlch bezon with jurt coming In o few days a w•ek fvr odd thlngsp
tosks ond events. We volunteered which woke me UP to the choice I had ro make.
Th¢rt choice was to opt In and work They encouroged me to apply for all sorts of
job&"

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Our diverse portfolio
Barn2rdo's provides a diverse selection of qualifications to ensure each young person has access to
the most suitable learning pathvfay. This enables us to offer tailored suppor¢ through one-to-one
sessions, small group work and online learning. We support young people in both rural communities
and larger urban areas. To meet these varied need5, it is essential that our portfolio remains dynamic
and adaptable across drfferent settings.
Barnardo's enables young people to access qualifications tha¢ are sector specific and meet specific job
role requirements. For example. CSCS cercificate for working in Construttion, Food Hygiene
certificate and Manual Handling. This year. we have had an increase in childcare courses which has
seen our young people receive paediatrit first aid training to help support progression into Childcare
roles and courses. We have also had l O young people complete Barista Training Certificate through
Scottish Coffeè School
Our tèam also continues utilise a range of personal development qualifications that allow young
people to take control of their learning goal and achieve personal targets. These qualifications include
the Dynafflic Youth Award, Youth Achievement Awards Customer Service and Money ManagemenL
We also support young people to get recognised for their volunteering and have supported young
people to gain their Saltire Award.
As an approved Scottish Qualifications Authority appreved centre. Barnardo's ETS Scotland delivers a
wide range of qualifications for young people. Our SQA Covordinator leads eur services in ensuring
the delivery of qualifications for young people meet the required quality standards and this role also
helps us to explore and develop new qualification which we can deliver. which are tailored to sult
employer and sector entry requirements.
Qualifications achlev•d by young people
Qualificatlon
SQA Personal Develo
SQA Princi
1¢5 of Mone
AEM
Totals for Scotland
ment: S•lf and Work
66
34
abill Award
26
A Personal Develo
Ast¢
s To Work
A Certificate of Work R¢adine55- Units
ment Award
29
24
A Units - Other
47
First Aid
85
Paediatric First Ald
45
Mone
Man
ement
S8
CSCS Card
REHIS Elementary Health and Safety In a Construction
Environment
47
150
Industrial Cadet Association
namic Youth Awardlsaltire
19
Manual Handlin
55
Food H
iene
58
Total
757

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Case Study
AH. an 18-year-old diagnosed with autism. faced challenges transitioning into adulthood. After leaving
school without direttion, he struggled with social anxiety and rarely ventured outside. With suppon
from Barnardo's and a dedICa￿d project worker. AH embarked on a journey of self-discovery,
independence. and personal growth.
Achieving financial stability was the first scep. His projert worker assisted him in applying for Universal
Credio giving him a sense of independence. Recognising his love for walkin$ he was encouraged to
join a group* gradually building confidence in social settings. Encouraged by his progress. AH applied
for an Open University History course? providing structure and a sense of purpose.
Traveling independently was another challenge. His Young Scot card was attivated, allowing free
travel across Scotland. Inttially hesitanc he practiced bus routes with his projett worker and
eventually travelled solo. A week later. he surprised everyone by completing a 130-mile solo journey
from Inverne55 to Fort William, documenting this achievement through a Dynamic Youth Award.
With growing self-confidence, AH locused on employability, completing the SQA First Step Award.
Due to social anxiety. a busy workplace wasn't ideal, 50 Opportunities aligned with his interests were
explored. Given his passion for history, he applied to an archiving centre, which kept his application
on file for future roles.
AH'S trdnsformation was remarkable, His mother expressed deep gratitude, emphasizing milestones
she never thought possible, such as independent trydvel and social enDgement His willingne55 to
consider employment and further education showcased his evolving mindseL
Reflecting on his journey, AH shared. "Barnardo's has been incredibly helpful. Support with Universal
Credit provided stability, and sorting my Youn8 Scot Card gave me the freedom to travel. Completing
the Dynamic Youth Award and SQA qualification has improved my employability and independence."
Case Study 2
The participanL a younz individual In their early twentie5, has faced significant adversity from a young
age. After losing a paren¢ and Sibling at age four, their other parent struggled to cope, resulong in two
years in foster care before movinz into kinship care with their grandparent at age six. Their conract
with their parent is now minimal. They previously attended college to study Construction Crafts but
had to withdraw due to a Serious head injury from an accidenL requiring hospiLII treatmenL intensive
care, and rehabilitation. Following thi¥ they engaged in heavy cannabis use and had minor legal issues,
receiving a Diversion from Court order for ¢hefL which they successfully completed. They briefiy
worked in a meat processing factory but left after two weeks due to discomfort with the work
environmenL
They were referred by their D￿VerSIon from Court worker and initially attended a meetin8 With the
support of a worker. Enrolled in Discover your potential (DYP), they expressed incerest in
construction but were assessed as not yet ready. They started at Stage I, engaging in one-on-one
suppor¢ then progressed to the Fit4Work group before enrolling in a Construccion Course. Their
engagem¢Trc and attendance remained Strong throughouL
Support was provided across multiple areas including generdl wellbein& drug awareness. and lifestyle
changes. Collaborative working with different seNices ensured gradual progression. They achieved
several key qualifications. including the Dynamic Youth Award. CSCS card. Mandatory Elementary
Health and Safety certificate. and Moving and Handling certificate. They also received grant funding for
laptop and driving lessons through the Springboard Fund and Barnardo'5 Young Person's Grant.
These interventions supported their transition into scable employment.
They secured full-time employment with their construction course placement provider and were
made a permanent employee after three months. Their employer reports highly positive feedback
viewing them as a trusted and valued member of the team. They enjoy their job and are urldertaking
additional training to further develop their career in the construttion induscry.

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
MUNTHAM HOUSE SCHOOL
The year endin8 March 2025 has been another incredibly busy but succe55ful one for Muntham House
School. Pupils reached record numbers with 125 boys from age 5-19 attending school and all thriving
in the environment we offer. The demand on Special Educational Needs {SEN) rernain5 at an
extremely high level for all ages but particularly younger ages and the decision we made 6 years ago
to open a 54 year old classroom has proven invaluable.
The financial environment continues to remain very challenging with higher than inllation pay awards
to staff and pressure on the budgets of our Local Authority fee payers. Year on year there is a
shortfall in what we recover through fee increases and the increase in our costs. Increasingly grant
income is a key resource to the school. We had planned to put the money from Belmer Rush
towards a new school minibus this year but were fortunate enough to be able to secure a minibus
from the Variety Golf Sunshine Coach scheme and used the Belmer Rush money in other ways...
Referrals are at a high level still and we are unable to meet the demands placed upon us to offer
places for all. The supporc of Belmer Rush proved vital when. in mid 2024. there was a tribunal
decision which placed a boy at Muncham House School with more challenging needs than we typically
have in our school. One of the requirements in his EducacioTr. Health & Cire plan (EHCP) was that
he could not be taught with any other boys. As we always cry to do in our sch¢>ol, we acted quickly
to meec needs and invested the money we received from Belmer Kush towards a bespoke classroom
for this pupil.
Despice the challen8e5 the boy is scill in school, still enga&ng in his Education and has even started ro
spend some nights boarding in che school with his peers.
Across the rest of the school the emphasis continues to be on academic achievemen( learning life
ki115 such as bankin& cookin& independent trdvel and even driving lessons for our older boys.
The school continue5 to invest in training and developing staff to provide the best possible support to
our boys and in the last year we achieved Flagship School status with IQM and full accreditation with
the National Auristic Society. We achieved Outstanding in the annual Care inspection for the sixth
year running.
Extra-curricular attivities continue to expand and we have after school clubs for Rugby, Cricke
Football and Basketball. Duke of Edinburgh Scheme participation5 continues to prove popular and we
followed up last year5 Three Peaks challenge with a sailing crip frorn Southampton to Sark. Drama
and Motor Mechanics continues to thrive since being added to the curriculum.
Our long tenn ambition remains to expand the school numbers but with slower growth than in the
last few years as we are approaching full capacity and further expansion will require some financial
consolidation to allow the investments to be phased. In the summer of 2025 we will address the
changing need5 in Post 16 provision with Che cwtion of additional teaching space to bring learning for
more courses back into the 5ch¢)ol where we have relied on external colleges before now.
Following this further expansion of the youngest end of the school would be followed by the addition
of 5pace5 for these young boys to grow into further up the school.
The Principal and Governors would once again like to express sincere thanks to the Trustees for
their award. For thi5 year we plan to use the funding donation to create a Café for the boys to run
themselves. This will not only offer healthy snack5 on site buc also contributs another opportunity
for learning life skills.

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 4 of the Charioes Att 201 I to
have due regard to the Chariry Commission's general guidance on public benefi¢ 'Charities and Public
Benefit.. As statsd ds&where in this repor¢ the payment of grants to the three charities specified in
the Foundation's governing document is clear evidènce of both the benefit provided and the relation
of this benefi¢ to the aims of the Foundation. The payment of these grdnts to the specified charities
which in turn have public benefit reporting responsibilities, meets the principle that the bèneficiaries
must be relevant to the Foundation's aims.
Structure. Governance & Management
Under a scheme approved by the Chariry Commissioners in April 1994. the objectives and limitations
on capitsl disbursement specified by Miss Kush were not changed but the Trustee strutture vos
defined as:
A descendant of William Belmer Rush resident outside the UK
The Chair of Governor5 of the Charity & Private Limited Company called Muntham
House School
Appointed by the Council of Barnardo's Charity
Appointed by the Board of Trustee5 of Save the Children Charlty
The 1994 scheme provided for three Trustees to fonn a quorum. On 3 March 2005 the Charity
Commissioners zranted a Power of Amendment Order. This allows Trustees to deal with certain
admlnlstrative matters under advlce to the Charity Commissioner& Forty days, notice is required for
any resolutlon proposed under the Order and, appropriate notice being given: che Trustees
considered and approved the followiFbZ resolution at their Annual Meeting on 21 June 2005:
A clause 4{5) be added stating "The Trustees shall not vary Clauses 2, 13 and 14 of the
William Belmer Rush Foundation Scheme sealed by the Charity Commissioners for England
and Wale5 on 19 April 1994 withour the prior consent of the said Commissioners"
Thls re$oluoon is a mechanlsm to ensure that a quorum of Trus￿e5 could not use these new powers
to change the Foundaclon's zovernance principles without the Charity Commissioners, approval.
The trus￿$ Considered and approved a re501ution at their Annual Meeting on 18 July 2013 that
added appointment of proxies and use of electronic communication to Clause 12 (about Trustee
meetings) of the 1994 Schem¢
The Trnstees meet once a year to review all attivities undertaken Since the last Annual Meeting as
well a5 all systems and controls. At that meeting they confirm the Trustees Annual Report and
Accounts and discuss any issues concerning the future of the Foundation. Trustees can hold special
meetings in the in(erYening period if events require formal decisions to be made.
The Trustees appoint an Administrator selected from the staff of and recommended by Save the
Children to deal with roucine correspondence and matter5 on their behalf. The Administrator also
produces the Trustees Annual Report and Accounts plus papers on Investment5 and Risks Review for
discussion at the Annual Meeting.
io

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Reference and Administrative Details
Charity Number. 00307079
Trustees:
Mr 8, Rush
Mr J. Knightley- resigned 2024
(Chair of Governors Muntham House School)
Mr D. Jones- appointed 2024
(Chair of Governor¥ Muntham House School)
Mrs V.H. Tabor
(Legacy Operations Manager, Barnardo's)
Mr O. Rashid
(Philanthropy Manager, Save the Children UK)
Address.,
William Belmer Rush Foundation
Clo Save the Children UK - Financial Reporcing and Controls Team
Mr D. Cleaver
Foundation Administrator
Central Finance
Save the Children UK
I Stjohn's Lane
London ECI M 4AR
Independent
Examiner:
Amanda Hall - Counterculture Partnership LLP
23 St Leonards Road
Bexhill-on-sea
East Sussex
TN40 IHH
8anker:
National Westminster Bank PLC
250 Bishops8ace
London
EC2M 3UR
Invesrmenc
Manager:
CCLA Investment Management Ltd
l Angel Lane
London
EC4R 3AB

WILLIAM BELMER RUSH FOUNDATION
REPORT OF THE TRUSTEES (continued)
Responsibllities of the Trustees
Charity law requires the Trustees to prepare financial statements for each financial year that give a
true and fair view of the srate of affairs of the Foundation and show the surplus or deficit for the
period. In preparing these financial sracements the trustees are required to:
Select suitable accounting policie5 and then apply them consistently..
Make judgements and escimates that are reasonable and pruden
State whether applicable accounting standards have been followed,. and
Prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the Foundation will continue to operate.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Foundation. They are also responsible for
safeguarding the assets of the Founda¢ion and hence taking reasonable steps for the prevention and
detection of fraud and other irregularitie5.
The financial statements have beerb prepared in accordance with the accountin8 policies set our in
notes to the accounts and comply with the charity's governing documen( the Charities Aet 201 l and
Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland publish•d on 16 July 2014.
Statement as to disclosure to th• Independent Examiner
In so far as the Trustees are aware at the time of approving the trustees, annual reporL'
There is no relevant information. beinz information needed by the Independent Examlner In
connection with preparing his reporL of which the Independent Examiner is unaware.
The Tru5tee5, having made enquiries of fellow Trustees and the Independent Examiner that
they ought to have individually taken, have each taken steps that they are obliged to take as
trustee in order to make themselves aware of any relevant informatyon for the independent
examination and to establish that the Independent Examiner is aware of that information.
Signed on behalf of the Board of Trustee5
Mr B. Rus
Truscee
stee
12

WILLIAM BELMER RUSH FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
OF THE WILLIAM BELMER RUSH FOUNDATION
I report on the accounts of the William Belmer Rush Foundation for the year ended 31 March 2025.
which are set out on page5 14 - 18.
Responsiblllties and basis of report
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Att 2011 ('the Act,).
I report in respett of my examination of the charity's accounts carried out under section 145 of the
2011 Att and in carrying out my examination I have followed all the applicable Direttions given by the
Charity Commission under section 145(5}(bl of the Att.
Independent Èxaminer's statement
Your artention is drawn to the fact that the ehariry has prepared the financial Sta￿ments in
accordance with the relevanc version of the Statement of Récommended Practice applicable to
charities preparing their financial statements in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting
by Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the
exttnt regulations bui has now been withdrawn. l undersund that this has been done in order for the
financial statements to provide a true and fair view in accordance with UK Generally Accepted
Accounting Practice.
I have completed my examination. I conffirn) that no material matters have come to my attention In
connection with the examination giving me cause to believe that in any maorial respecc
Accounting records were not kept In respecc of the charity as required by section 130 of the
Act.
The accounts do not accord with those records.
The accounts do not comply with the applicable requirements concerning che form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement chat the accounts give a 'true and fair view, which is noc a macrer
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with che examination to
which attenoon should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Amanda Hall- Partner
Counterculture Pxrtnership LLP
Unit 115 Ducie House
Dueie Street
Manchester, M12JW
13

WILLIAM BELMER RUSH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2025
Not¢s
Z024115
1023124
ndowM•nt
Total
INCOME AND
ENDOWMENTS FROM:
I￿VeStmentS
83578
83.578
83378
83,57B
81097
01097
81097
82M97
Total
LYPENDITUAE ON:
charittb￿ txp*ndltuY•
Grants to..
Save the Children Rtnd
Barnirdo's
Mwnthèm House 5chc¥Jl
Q5,7281
95,7281
(2%n81
(77.1841
125.728)
125.7181
25.7181
177.1841
Q5.1081
<25.1081
5.1081
(75J241
P5,1￿
P%108)
(7&3241
Total Grin15
Support ¢o•ts
IA3941
1&394)
{&7731
1&7731
Total Exp¢nd*¥r¢
I￿￿711>
(S3￿n)
(81,097)
{82,097)
Net kn¢offt&l(•xp¢ndityr•) b•fov•
N•[gIh)￿{k￿s*sI c*) In￿1¢￿*nU
(98,6251
(98,6251
164,988
164,988
N•t In¢om&ll•¥•ndltur•) •4ual
not mov•n•nt in fvndi
(98.62$)
(18.62$)
164.988
164.988
RECONCIUATION OF FUNDS
Toul fuThdJ brough¢ fmrd
1599,617
1599.617
1434A29
Z434,629
Tot*1 ¢wrlpd ft*rw*
2JOO.*91
2JOO.991
2,$99,417
2J99fv17
14

WILLIAM BELMER RUSH FOUNDATION
BALANCE SHEET
as at 31 March 2025
Notes
31 m￿ch 2025
31 March 2024
FIXED A5sEf5
Investments
2.500,992
1599,617
CVRREKf ASSErs
Cash at bank
84,593
81697
Creditor& knoun¢s falling due within onè yèar
(84.593)
(81697)
Toul net a55ets
2,500,992
2,599,017
THE FUNDS OF THE CHARITY
ENDOWMENT FUNDS
Capltal fund
Inve5¢ment revaluakn reserve
211.784
1289,208
211.784
2.387.833
Total charlty funds
2.500,992
2,599,617
pproved on behalf of the Boird Qf Truste•s
M B. Rush
Mr5 V. H. Tabor
Tru$*¢
Date..
(o[Ir
15

WILLIAM BELMER RUSH FOUNDATION
NOTES TO THE ACCOUNTS
ACCOUNTING POLICIE5
The financial statements have been prepared under the historical cort convention. except for
investments which are included at market value and the revaluation of certain fixed assets and in
accordance with the Charities SORP {FRS102) 'Accountin8 and Reporting by Charities: Statement of
Recommended Prattice applicable to charities preparing their accounts in accordance wich the
Financial Reporting St2ndard applicable in the UK and Republic of Ireland (FRS 102) (effeccive I
january 2019).. Financial Reporting Standard 102 the Financial Reporting Sondard applicable in the UK
and Republic of Ireland (FRS 102). and the Charities Act 2011.
William Belmer Foundation meets the definition of a public benefir entity under FRS 102. Assets and
liabilitie5 are initially recognised at historical cost or trans3Ction value unless otherwise stated in the
relevane accounting policy nore(s)-
Public benefit entity status
The charity meets the definition of a public benefit enticy under FRS 101
1.2 Going concern status
The Trustees consider that there are no material uncertainties about the charity's abiliry to continue
as a going concern.
1.3 Income
All income is included in the Statement of Financial Attivities as soon as the following three factors
can be met..
Encltlement- when income is receivable or the charity's right become5 leDlly enforceable.
Probable- when it is more likely that not that that the income will be received,
Measuremenr - when the monetary value of the Income can be measured with sufficient
reliabiliry.
1.4 Expenditure
All expenditure is recognised once there is a legal or constructlve obligatlon to make a payment to a
third par¢y.
a) Charioble activitles
Costs of charitable activities comprlse all costs Incurred In pursult of the charitable objectives of the
charity. After providing for creditors, the remalnlng Income recelved for the year Is disbursed to the
beneficiaries as described in the Trusrees. ReporL
b) Support costs
Support costs are shown under the appropriate SOFA expendicure ca*ory and consist solely of
governance cests which comprise all costs attribucable ro ensuring the public accountability of the
charity and Its compliance with regulation and good practice. These cosc5 included independent
examination fees and truscee expense5.
1.5 Taxation
The William Belmer Rush Foundation is a registered charity and as such is exempt from taxation of its
income and gains to the extent that they are applied to its charitable PLSfposes.
1.6 Investments
Investments are shown at markec value. Net realised and unrealised gains and losses are reflec(ed in
the Statsment of Financial Activitie5.
16

WILLIAM BELMER RUSH FOUNDATION
NOTES TO THE ACCOUNTS (continued)
INVESTMENT INCOME
Incoming resources includes investment income of £83,579 {see breakdown below):
2024125
2023124
Interest - Deposit Fund
Dividend income - Investment Fund
2,800
60,583
20,195
83.578
2.896
59.395
19.806
82,097
72%
Dividend incorne - Property Fund
Total
24%
GOVERNANCE COSTS
The provision for the 2024125 travel expenses was £5,SOO (2023124.. £5,500). Costs of £4,482 were
incurred for the 2023124 AGM held in June 2024. The number of trustees in receipt of travel
expenses was l (2023124: 1).
The basic administration fee is £1,200 per annum payable to Save the Children UK with the cost of
any additlonal work shown separately. There was no additional work during the year to 31 March
2025. Costs also include £708 (2023124: £6n) for Independent examlnatlon fees.
No trustees were in receipt of remuneratyon in the year (2023124: 0).
INVESTMENTS
The investments represent the endowed capl(al of the Foundatlon and are not aydllable for
distribution by rhe Trustees. The valuation of che Charities Officlal Invesmient Fund (COIF)
Investment fund, propercy fund and capital fvnd (held in a deposit account) as at 31 March 2025 are
shown below. All income is received gross of tax.
Deposit
Inve5¢nRnt
Fund
Property
Fund
Total
2024125
Total
202412S
2024125
20241ZS
2023124
Market valuè l April
Unrea115ed 8alnsll10s5e5)
Markei value 31 March
5,932
2227590
{103.789)
2,123,801
84.
366,095
5,163
J71,258
14.80%
2,599,617
(98,62S)
2,500,992
1434,629
164.988
1,599,617
5,932
0.20X
% of total Invertn￿t
This endowment investment portfolio comprises two forms of basic financial instrumenc
The capital fund (deposit account) is cash.
The investment fund and property fund are Ilsted investments which are initially recognised
at their tran5attion value and subsequently measured at their fair value as at the balance
sheet date using the closinz quoted market price.
17

WILLIAM BELMER RUSH FOUNDATION
NOTES TO THE ACCOUNTS (continued)
CREDITORS
2024125
2023124
Grants payable
Trustee travel provision
Independent examiner's fee provision
Administration fee
77.185
5JOO
708
75,325
5,500
672
1,200
84,593
1,200
82.697
Total
RELATED PARTIES
The charicy trustees disclosed on p4e I I Include one from each of the bonefiting charities. The
material transactions with these charitSe5 are disclosed In the Trustee5' Report on page 2.
NET MOVEMENT IN FUNDS
Balance
l Aprll 2024 Gains1(10sses) J l March 202S
Balance
Original capital fund
Investment revaluation reserve
211,784
2,387,833
2,599,617
211,784
2.289,208
2.500.992
(98,625)
(98,625)
Total
18