I1'ILLIEIl BF.1.lR RUSH Tr()UNI)ATION REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2026 t1d Daky Aw Ceory Er•wAI 71
REPORT OF THE TRUSTEES For the year ended 3 l March 2026 The William Belmer Rush Foundii tion w75 tst3b11shed on ihc S lune 1964 under a DotlJrAtion ol Tru5( by Miss W.V Rush io promote the adv2ncement ol education with particular emphjsis on ii S515ting pJ5t and prtsent pupils ol Mun(hJm House Sthool in Horsham, Su55tx In whatever way rlic Trusttts think fit Larer. Miss Rush requesfed In wriring (hat tho Tru5(ces use intome fr¢)ffl the Foundation 10 support the work o18arnardo's and Save the Chtldren Fund ObjectlVC5 & Aims The Foundauon's obieciiwes rem31n the Same as specified by Miss Rush.. To promote Eh¢ 2dv3ncement ol education wirh pJrttcular emphasis on ass¢sting pasr 3nd pre5¢nr pvpi15 of Muntham House School In wh31ever way the Trustees see fit. and To usc Income from the Foundation to support the work of Barnardo's an¢J 53ve the Children Fund In whatever w2y rhe Trustee5 see fit The Trustees Imvesimeni policy to fulfil this obje<tive Is by maximising Incomo whilsr trying 10 ensure capital value 15 Vot eroded. e5pec1311y by Inflxiion The Foundation 15 an endowtd ch3riry rhir ompower5 rhe Trvstees to distnbute (he Investment iTrcome but nor the c4pir)I Finon<ial Review Thc 2ttXthÈd accounts show thai the Foundauon received a rotal 01185.062 12024125. £83.5781 anij auihorised gr3nts roralling 178.980 12024125 £77.1841 The totjl current valuc ol ihe *nYe5tmÉnis has decroased 7%12024125 4-. decrease) during the year to 31 March 2026 Incornc from Investmcnts htss Increased by l 8% 12024125 18yy In£rea5el Analysis ol the ch3nges for the Individual Ip¥e5tmont vehicle5 15 given ¢n note 4 01 Ihe Accounts All Income Is re¢¢ed gr05$ of tax. The current splir ol the capif21 Investment as shown ag31n5c the approved optimum splir Is shown below. as at 31 March 2026 835% 162% 0.3% Optimum split 70% Investment Fund Prt)perry Fund Dep051t ActounE IC3pitsll 5% The current split ol capital Investments Is nor aligned ro rhe opvrnurn splir. this wbll be consider¢d by the Trusiees at ihe forrhcorning AGM. The Trustees distributÈ rhe income received a5 shown below These amourit5 tsre d151ribuced tsfter the c105e of the financial year and will be applitd by the beneficiary Iharities during the financial yexr ending J l March 2026. 2025126 2024125 333% £26,327 333% £25.728 333% L26.327 333% £25,72B 26.327 333% £25.728 Save the Children Furtd BJrnardo's Muntham House School The Board of Tru5t¢es have agreed an equjl split between rhe three beneficiary chanties lor the 202512026 granc disiributions. This will bt raulicd Jt their 2026 general meetin2 on rhe balanrt sheer dale. Re5erve5 Policy Curreni year expenditure 15 mec out of current year Income Im05dy from the en¢Jowmeni lundl and. alter providing lor accrued expénditure. the rem21ning surplvs Is disbursed ro rhe beneliciary chjriiies is deiajled above A5 the ch3rity does hlve any employee or property comniiiments. Ir 15 unneces5Jry to hd reserves The bJlance sheet therefore shows ihar th¢ nei a5set5 omprise only rhe ¥ilut ol tlie endowrnenr fund- Jnd thus reseryes are nil. AchiÈvements and Performance The 2024125 distribuiions were used co facilitxre rhe following proiect5 Js explJin¢d by the beneficiaries.
REPORT OF THE TRUSTEES (continued)
SAVE THE CHILDREN FUND
Thc Williini Belmcr Rush Foundation s Rrant was. ag31n, used iowaré5 Save rhc Children 5 E[neencY Fund. as well 35 partty
tunding our EJrly Childhood Care And Dovelopmcni IECCDI pro8rJrnme In the Bekaa Valley. Lobanot) On behalf of u5 all. I would
like 10 rolxy our sincefc gratlLude to the Founéaiion.
12-Mvnfh Progress Report l.. Ensurink Educational Opportunities for Children Impacted by EmergÈncies
The WBR Foundation s support In 2024 hJd. 38ain. helpod its tnJblé Save the
Childron to rtJ¢h 14 2 mrll,
IiilTJrcn In Erncr8encic5 acr055 61 counines
during 2025 Ono e%aniple ol this. w15 our response In Gaza. where ihe
ongoing conllict hJs devJstated the odu£3tion system. with tho vast rnxiority ol
schoo15 darna8ed or éesiroyod
Working wilh our parin¢r5. Savc the Children has suppoi"(cd the rapid
C5tab115hmeni of temponry Icarning spaces and child-lriondly environrnents.
providing stnjctured learning. play-b3sed activities. and psychosotixl support.
All ol which hJ¥e helped children ro rerain J sen50 of routine and Safety. while coniinuing ro build loundJtional skills In readin&
writing niimorjcy. despire prolot)8&d disruption
In Sudan. conflicT h)$ rtsulied In one of the longest In(erruptions ro schooling. globally. where millions ol Chldren have hJd their
learning IOumeyJ £onipltteli upeiidL.d Tu th15, are respollding. boTh Ihrough our ¢Jireci prograrnrning and our
to restore 5Jle. Inclusive. learnin& OPPCirtuniues and prevent a %ener3tion ol children from m1551ng our on educ2110n
In refugee-hosting contexfs such as Northern Uganda. Save rhe Children Is delivering Integrated education and proreciion
prognmrne5 In 5etilemenu. supportin8 children to iccess quJlifY ItArning alon851de e55eDt131 child proiection services This
¢ombined approach ensur¢s that children Imptscred by d15plae¢rnent are able to learn In sale environmenu rhiE also address iheir
ellb¢ing and protection needs
Moreover. we h2ve dtveloped Innovative appr03chts such 2$ 3 Rap Response Mechanism for Eéuc3iion In tmergen<ies, enabling
last. flexible support 10 estsblish learning and play-ba5ed educ3tion In ihe criii
REPORT OF THE TRUSTEES (continued)
12-Montli Progrs5 Report 2-. Enhanring Futurts.. Early Childhood Care & Development {ECCD) for Children in
Thp Vxll+.y, Lebxnon
The bulk ol the Fouiidition s grJnt1117.805 231 went toward5 Save tho Children's Enhancing Fuiures programme In the Bekaa
V311ty. Lebanon wh1ch 31m5 to irnprove School rea¢Jiness. learning outcorne5 JThd wellbeing lor vulnerable childrers aged between 4
and 6 ycar5 old. Including those ImpACTed by displacement and coriflitt.
rJiJnn8 rhe psst year. our activiiie5 W1rhin tho programme have been delivered acros5 (wo communi¢y.ba5ed learning ienires in
Housh El Harimch and T31 Sarhoun Thtsc centre5 wero J55tS5ed and cqupped io meet Eirly Childhood Educaiion standards.
ensurins 5al¢. IncluSe. and Stimulating learning environments. Including lor childrtn with disabilities.
Throufh ihis proiramme. we have been able ro support some ol the m05r marginalised children ifi rhe south ol Lebanon across
multiplt theme%, irtelvding.
Supporting Arcess to Qualiry Learning
Through our urge¢ed ourr¢ach. which has combined door-to-door ¢ngemen working within Inform21 seidements, and
followinR up with car¢givers. we have been able 10 Identity and enrol children who are oui (If 5divul Into fomial edtscatyon. To
rh.)t cné. WÉ have.
Reaclied 476 children with our outreach
Enrolled 419 chil¢Jren 1192 girls, and 227 boy51
Identified 69 children Th d15abilities. enabling ta*lored supporr and referrals.
Strucrured ECCD sessions have begun. wilh early evidence showing strong engagernent 2nd Improvemenrs In foundarional Iiter3Cy.
nyrn¢raCy aTrd socio-cffltsrional skills. ttlongside Increased
1111.i.I,iii iii,'i.11}.'ii III's111,'{)[INi}.I I'l()
REPORT OF THE TRUSTEES (continued)
This Init8rared approach r¢cognises ihe siÉnificani impact ol connict ano displacement on children's rnental health. whslo also
onsurinE Ihat l¢.Irning environnicnt5 a150 5orvo as proicctlvc SP3ces
Supporting Learning at Homo and Strtrngthening Comniunity Engagement
riic progrnmrno Inclijdes a s(rong caro8ivcr cngJgomoni componeni. with plans ¢0 deliver strutturtd awareness se$$$ to 256
<xrogivers on carly thildhood tducatlQll, PV)IllVL' parETiiiiis aiid plily-ba5L'd IL'41111ll¥, aiid chilsl protection risks sych as early
marriage and Ihild libour T his strengthens tht homc-5chool connection and reinforces Icarning beyond the classroom.
CreAting Safo and Inclusive Learning Erbvironments
Our learning cersires h2vo undergnnD rninor reno¥3tirJns and up8radps. whieh havo bet%n IiJfii
1111.I,I,i)I 111.'i.)iTr.i{ 11['s111.'()IINI),I'I I()N REPORT OF THE TRUSTEES (continued) BARNARDO'S DelivtrinK Qualificationi lor Young People. William Belmer Rush Foundation ETS Scoiiand Overview In 202S-2026 the delivery of a wide ranfe ol qualificirion5 ha5 Continued to be a core cornponeni ol the work ol oijr 8Jrnardo s Works Seryicos across Scotland This year wo h1Ve StJricd to develop more voc.ItionJl paihwJy5 In childtafe. hospir2liry. care. be&uLy 4nd ttsn5truciivii T1115 work h35 meani we have seen x big r15e in 9ualificatiofls such as Paedia(ric Ftrsi Aid. Food Hygie£ Ind Health and Sxlety ETlIaysldI1t l ay51dc In Storland is a region contsinini 3 local Authorities. Dundee City. Perth C Kinross and Angus.. all with very different domo8riphic# and chJllor¢sc5 Dut)det City 13 urban only. whereas Ptrtli C Kinros> and Anguj both h4vt hugt rural arcas. which bnng diffcrent challenges Including transporu a£cc55 ro 5crvice5, digiLII Inclusion barriers and reduced employmenc opportuniries In local commuTriiies. Mosl ol our delivery In 25126 w)s 2cross Dundee 3nd An8US. Wlth a large numbor ol servict ttsers IIMng In Jre2s ol high doprivaiion Skills Developnicnr Scoil.Ind rtportod In AugusL 2025 that Dundte'5 Annual Parnciparion Measure (i e. number of l 19 year old5 loaying school ind progre5s1ng Illlo employinent. ediJcAtion aiid training) w3$ 913% l(he lowest acros5 Scodandl. Ilierelore Birnardo s ire proud to be one ol the key employabiliry providers delivering employability support lor young people acrois lh• Ciry In 2025_2026 In Tay%*de, we rccordcd 282 pro8rnmmc sL4rts and also continued io Supptsrt 79 young people from 2024-2025, resulting In our service 5upporung a rotal 01361 young people Olihe 361 226 prograrnme le2vors 135 were sEIll on programme on 3 Isr March 2026 78 rnoyed Inio omploymenr. 4 secured a modern ippreniiceship 39 progressed ro further training 26 progressed io further educacion I l still receiving supporr ai year endl 5 rem21ned In e¢Jucavors and Improved auerbdance I15cIII receNing support at year endl 66.37°k of leavers moved in to a positive destination During 2025-2026, rhe T3yside seryice supporEed young people ro achieve 3 ioral of 192 accredited qualificaiions ualificailon ota15 (or Tayside DHD Aw3renes5 utism Awareness utism Awarone55 In Educafio uilding Own Ernployjbility Ski115 lQuJlrtivrion Scodand SCQF Level 41 Lamirbation IJs51c Lts5hes Course IienL C3re Moving and HJndling OSHH Awarent5S SCS Card lemenry Food Hygiene lementary HeJlth 2nd SAfety 35 mergency First Aid ai Work File Md151141 aiid Wat den Training
REPORT OF THE TRUSTEES (conrinued)
ood Hygicnc & Safety Level I
ood Hygiont & SifÉ>ty l ?
ood Safely lor Ca(erin8 Level 2
orklift Training
Tiferiion Conir¢l
¢roduction to Microsoft Office
ntrodu
REPORT OF THE TRUSTEE5 (continued) The ETS Modvl Our focu5 15 On de¥elopil)g Sli yi)¥ Ir irldiiyTI)liiy> lL+l rvulig people and ge(ting to underJtand where rhey aro on ¢heir iourney Inio cmploynienc We cake a ho11511c approa<h to Ihis. undersranding noi 5U5t the support they need ro obtain cmpltsymenr bur also Ihc Widcr pJ5torJl neods and 1$5ues rhe youiig person m3y need 5UPPOrt with. for tvple, Housing. M(Iney M3nJgemenL Sub5unce rnisuse The supptsn we deliver Is tailored 10 5uI( each younf person's Indwidual need5 'Thank you 50 much lor giving me this opportunity. I have been worried about startFng work again after 50 lonK* but I feel my confidence growing and I haye only been there 2 day5" 'You helped me 50 much with my confidence. as before l started working with you. I wasn't confident at all. The course you got MÈ on helped me learn so many new skills in such a nice way.... this has all made me excited and enthusiastic about ge¢ting into the wftrAtplAtP And gptting mrjrp npw npportunities" CuuiLlIL'y IiiaTIiL cli&i)%edl CAil)e io Barnai-do'5 Via a relei-ral frooi Skt115 De¥elopnient Scotlan¥J. Courtney 15 16 years old and Iiv¢s In Dundec with her Gran under Kinship Care Courtney does no¢ hjvo contact with her birth pJrÈrit5. Courtney left Morgan Académy In lune 2015 without any lorrn quJlili£aEions and poor attendancc Sho 15 IntCfC5tcd In working In rcrail Courtnoy did not Want to attend collete due ro her anxieiy, but thls may now be 3n option Courtney Is being supporied on the Bttrmardts s DYP Prograrnrne Jn4J Is retèivin8 Ètnploy3biliy Support Ehrough our PJihw#ys prograrnme io gajn some work oxpenonce and cvcntually 5ciurc ernploymcnt When Courtney came ¢0 us, she lackeé work experience a5 she has never had any paid employmeni 51nce leaving school Courtney also didn't h2ve a CV ind hJd little experience of job seJrching and Jpplying lor lobs She also ljcked confidence and sorne sociil skills. and had low sell-esieem. so ihis Is 50mothing we started to work on during our l-l sessions
REPORT OF THE TRUSTEES (continued) Courtney and l (reated a CV We J150 carried out vJrious job searches and Improved her IntervTrew techniques ro Improve her <hxntes of securing li full-time job Courrfioy and I both Itlt that she wasn t ready to walk 5(rai8hi Into a lob )5 she licked oxperiencc Jnd confidciiiE. so Yie 5ecurcd a work placemcDr in the Barnardos ch.Irity Shop on Relorrn Siroet. Courtney started her placement in October 2025 and 15 still there now. She has gainod so rnany skills which will support her with finding employnenL I he tnjnagcr of the Shop 5peJk5 very highly ol Courtncr aiid Is inoS1 Imprc55ed with her IT skills as she mJnagts the shops e8Jy onlinc 571ts shop Coijrtney hAs tompleted her Lcyel I Food Hygione Jnd S21eLy and h35 Startod Ihe HcalLh and Silcty Ir work quilification online Courtney s confidence has corne on leap5 and bour}ds li nd shc h35 fitted In wtll with her collcjgues in the sl)op and rn3de some new friends Courtney and I h2Ye 5Llrttd to apply for job5. And she is even <onsidÈnng applying to college lor an Animal Care tourse In Au8USi Courtney h3s gained 50 many outcomes since she started recei?rt8 supporr frotn 8irnardo'5. A<rred¢ted qu3lific3r10Th5 Level l Food Hygiene and Safety aDd Health and Salory Jt Wor Work eMpert¢nce- B3rnardo 5 Chanry Shop Confidenco building CV croation. lob Searchin& Interview Techniques T¢Jmwork Improved 5eif.worth CLTruTlI)er has flourished and her <ODfidcnce has irnprov4d so much l arn ta proud of all her xthievemenrs Financ131 suppon through 8amardo's C05t of Liwn8 fund to meer the Indiwdual needs of Courtney and her Gran by providing lood and clothin8 voucher¥ Courtney said she Is gra(eful to BJrnardo s for all rheir help. and she Is enioying her work placement. even rhou8h She fought agJin5t It li the beginning due ro her anxiety and low self.osreem She never thoughi she would ovon consider going co college. but It Is now an opzion a5 she feels rnore confideni. Case Study_2 Background W35 referred to tho prograrnme In Novernber 2025 by the menc31 heJlTh team Ar The tirne of referral. H had beeTh compleiely sÈlf-Iso13ted from rhe outside world lor over a year and had no corntnunication with people beyond her home environmenr. H had not at¢ended school sinfe Sl and was now 17 years old. meaning She had spent several years d15engJged frorn educarion and social en¥ironrnenrs Her expenonces had resulred In significanc anxiety 3bou¢ the out51de world and £rcJred maior barriers to engagomenu iru5L and pJrtlClP3110n. Initial Engagement Due to Ihe level of 3nxitry and Isolation H was expenencjng. the first 5tag¢ ol support Iocv5ed ort building trust and creiting a sile relationship Sessions Initially took placc In H's home, whoro the focus wa5 00.. Exploring her hobbits anly Intero5ts Understanding her fcars about the ourside world Doveloping 2 p05111ve and trusting relA(ion5hip Allovrfin£ H ¢0 enyge at her own pace withour pressure These eJrly sessions were esseniial In helping H leel comfortable and 5Ale enough ¢0 begin en8agiTrg Gradual Progresslon Alter J lew we¢ks. H lelr Jblt ro Tike the next step by a(teThding sessions In my c)r. Alrhough this may sc¢tn sfriall, It roprosQntod ) niJior rnilpstonp, ?% Ir Invthlvèd ltr)ving thè haiJlÉ .Ind ongiging in a ifftrent environment.
Ii'll,l.l.,111111,'l.Illl,-R 1111.4111 Tr'()IINI),I'I I() REPORT OF THE TRUSTEES (continucd) During this 5thge, H bcgJn working roviards a qualification in Improving EmployJbilrty Skills, whi¢h Inrrndiirpd <triJtturÈ xnd helped rebuild confidencc In her abilirJe5. As her confidence increased. I suy2ested moving 5e55I0ll5 LU Iiiy orrice spare. explAin•ni thai thr¢rnet jcccss would help supporr her qu31ific3tion work H agreed. marking another 51gnifi£Anc step In her progre55 wiillin8llC55 iv enier nev¥ environments. Each irtnsltion Irom hoine, 10 c3r. to offico reprÈ&onted stgnilicant a£hie¥emen(s for H and denionsiraled Increasing lewe15 01 Iru5L ionfidence, and engagcr¥¥enL Creative Opportunity- Film Project During ejrly sessions. H shlred that She had an in¢ere5( In icting When an opportuni(y,Irose to uke pirt in • film proiect. I lelt It aligned strongly wich her Interesrs and could pro¥idÈ a meininglul opporTuniiy lor growih Over the past five weeks. H ha5 been working wth four orher girls who have 51milar experien¢Ès of school 2voidJnco and tncntJl heJlih challenges Together Ihey have been. Developing Ideas for a film WritJnE a script Exploring themes ol friendship ind menLiI hettkh Reflecring on how lack of support and re$ourtes un lead to young people being lJbell¢d as '5chool relusers This collaborative project has allowed the young people ro share ¢heir experiences In a crearive and supportive environmenu while a150 blIdIng comfflunitation. teamworL and confidence. Outcome3 And Achievements H'5 journey $0 lar represents a series of signrfi(anE milesiones, Including.. Re-engaging with structured 5UPPOrt after a long period of isolacion Developing a trusting and p051(Ive relationship with a suppory worker Le3ving the home environment #nd attending sessions in new spaces Beginning a Building Own Emplorabiliiy Skills qualiftcarion P2rricip3ting In 2 group project with peers Contributyng <ro2tyvely to rhe d•vol•prnont gf 2 filrn 3ddrgExing halth and tri4ndship Impact TIIL. piuxICSs H has Madfi.01)I noi comn)unicatsng With the OuLSiQe ulld Iv v¥(Jrkin3 collaboratively on a creative proieci Is a powerful exarnple ol how gradual. relation5hip.b)sed support tart help young people rebuild confidence and reconnett with sotiery. The film proieet 3150 has the ptsrcntial ro ra15e awarene55 of the challenges tdced by young people xperienting severo knxiery and school disenpgemersL helping other& feel undèr%ftstsd 2nd less 2lonÈ. Reflecrion The progress H has MadfrOM having nc engtsgeffltnt with the OUUidc world <0 participatit)g li) a collaboraiive creaiive proiec1*5 3 remarkable achi¢vemeni Each step fotward has required couraRe. Irusi. and pers15tence H's journey reinforces rhe Imporcance ol flexible, traum3-Informed supporr tha¢ prioritise5 re12110n5hip building. young persorAed 3ppr02ches. and opportunities i1nA with Individujl interescx. Vyirh conunued Suppo H hJ5 srrong poreniial co further develop her tonfidence, skills, and 2spiratJons for the furure.
REPORT OF THE TRUSTEES (continued) Illl EJ i crvl
REPORT OF THE TRUSTEES (continued)
MVNTHAM HOUSE SCHOOL
In tho ye3r rn Mirch 2026 MunthJm 5
REPORT OF THE TRUSTEES (continued) Ai the same timè ihit nirmbers hive Increased th•re hxi also been in incre%$• In the ¢omplxtry of th• nods AmOn8%t our coliort In r•fl•riFrtl nl ihii we opened up i new offerini w¢ ha called 'Pa[h%' lor boys who jre ol lower cognitive fiintiiori And %ro Thot Iikety to iijtteed In thé acidenilc curTlculum For thi5 Ytar we plin io use the William Belrner Ru%h Foijndatlon firnding donation to iupport a new developn)¢nt bein% bvdt in 2016 when we build our own Intluiion Hijb on lite Thii WAII be a d¢dif xrto facility lor a im311 toliort mov+n$ from Primary to Senior 5chry)I lor whorn fhe group Jrnes and tTrnsY<ions ITOrn c131s room io ¢13$3 room lty our senior kho¢)I pro¥lsion will be too rnv¢h lor the bop to manage. but lor whom Paihwiays 15 noi ihe ri8hi solviion either. predirt thÈTe will be x growing Treed for t1115 knd ol more beipoke ollerint i)ver rhe medivm tern) as thc White Paper romei inio law and tht Specialist sector Is expected Eo be¢ome even mor• Jptti¥115L The Pnncipal and Governor5 would once apin l+k¢ to express sincere thanks ¢0 the Trvst••i lor their awird and conunued support io the school.
REPQRT OF THE TRU5TEE5 (continued) Public Bnefit Staternent TIIL. Ti u>iec5 i0rI7 Ihai Ihey have complied with ihe duty In section 4 of the Chariries Act 2011 to have due retird ro the ChAnty Comm1s510n s EeDcral guidJnco on publir bcnolit. 'Ch%ritiei And Public Bontfit. A5 Stated clsewhtrt In this report. tho pJymeni ol grii nts to the Ihree charities specified In the Foundation's goworning documcni 15 clejr evidento of boih the bcnelit provtded and the relatio of tliis benpfir trj thp Jims of tho Found3tson. Tho p2ymont off eheso grants to the specified ch.Iriiios. %hich in turn liAve publiL bciicfii rEporTing responsibiliiie5. meets the printiple that the beneficiaries must bo relevant to Ihc FoundAiion s Ainis Structure, Governance & Management Under.i schemÈ xpproved by the Ch.Irity Coimmission In April 1994. the obiectlVQ5 Ind IimiLItIOll5 0 capiral disbursemenE spocified by M¢ss Rush were not chJnKod bu¢ the Trustee structure wjs defined oopi¢d Tru A do5cendinr of William 8tlrner Rush resident outside ihe UK ExlffIcI0 Triis.[e Tlie Ch3r of Govornnr% Al the ChJrity k pri[ Limited Cornpiny ¢#lled Mullth#m Housc S<ho&l Nominlrtd TrL¢Stcc rn Appointed by rhc Council ol Bi& rnirdo 5 Chariry iinJied Tru5te¢ Save the Ch_lldron Fund Appointed by ihe B03rd ol Trustces 015Jwc tho Children Fund Chari Thc 1994 schorne provided for three Trusree5 10 lorrn a quorurn On 3 March 2005 the Charity Commission granted a Powor ol Amendmenr Order Th15 allows Trusrees to deal with certain JdminiStr2tiv matters under odvicc to rhe Charity Commi33iOn Fortr darJ norice Is re9uired foi" any resoluiion proposcd under the Order and. appropr13te notice being given, Ihe I ru5tecs considered Jnd ¥provod thc following ro501ution ai rlieir Annual Meeting on 21 lune 2005 A clJu5e 4151 be added sr2iing "The Tru5(ees 5h311 nc¢ vary CIJu5e5 2, 13 Jnd 14 01 che Willi?tn Belmpr Riigh Frtiindition Scheme *o21Èd by the Chjriry Commi£&iOn lor England and Wiles on 19 April 1994 wi(hour rhe prior copsent of rhe said Corntnis510n' This resolution is a mechan15m to ensurt that J quorurn of Truscees could not Use these new power5 to £hang¢ Ili¢ Fou11¢111 s 8overiiaiiiE principle5 wiihoui The Chariry Commis510n s approvJl. The trustees considcrod Jnd approved a restrlurion at their Annual M¢e¢sng on IB july 2013 thar Jdded appoinrment of proxie5 and use of elo£rronic commuThicarion to Clause 12 labovt Trustee meerin£sl of the 1994 Scheme. Thr Tru51ees rTreei once a year 10 review all activitie5 underraken sinc¢ the last Annual Meeting as well as all sy5torn& and controls At rhir mooiing ihey confirm the Tru5recs Annual Report and Ac<oun¢s and disCUSS any Issues concerning the luiur¢ ol ihe Foundarion Trustees can hold special mee(Ing5 In the Int¢rveninR period If o¥ents require ltsrmal d¢cisions to be made. The Trustees appoint Administraror Selected frorn the staff of and recommended by Saye the Children Fund fQ deal with rourine ¢orrespond¢ncc and matttr) on their behalf TlIL- AdiTlln151rJior also produce5 Ihe Trusteos Annual Report an¢J Accounts plus pJpors OTh Inve5Lnicnts aTrd Risks Rewiew lor discussion at the Annual Meerinz.
li 11.i.i.iii iii,.i.)11,'l{ 11[',¥ill l.'q)IINI).I I I()y REPORT OF THE TRUSTEES (continued) Refrnce and Ad171inlstratlve Dpt#lls Charity Number. 00307079 Tru5rees.' Mr B. Rsh Mi. D lonoj Ischool 815t-Siir. Miiiitlijm House S(hooll Mr5 V H Til bor- rtSlRned 2025 (Legacy Operatioiis M.111.i%er. 8arnardo'sl Mr l Round- appoinied 2026 (Legacy Operations Mxnagcr. Barnardo'sl Mr O. Rashid (Ffiilinthropy Manager. Save rhe Children Fnd) Addres5". William Belmor Rush Foundation clo Siive the Cliildren Fund- Fin2nciJl Planning and Reporung Team Mr D Cloaver Foun¢Jat10n Administrator entral Fiaance Save ihe Children Fund I St john's Lane LoThdon ECI M 4AR Indepondtnt Examiner.. Amanda Hall - Counrerculrurc P3rtner5hip LLP 23 St LeonJi"ds Road 8exhill.on-Sea East Sussex TN40 1 HH Banker.. Naiionill Westminster Bank PLC 250 Bishops[¢ London EC2M 3UR Investment Manager". CCLA Invt5tment Managernent Lcd l Angel Lane Londtsn EC4R 3A8 14
REPORT OF THE TRUSTEES (continued) flp5pon%lbilities of tho Tru5tpe5 Charity liw i'eqiiires ihe Trustees io prepAI'e finAncial sratÈrnenis lor tach fifixncial year Ihat give Tryie and lair view ol the state of affair5 01 tlie Fouiid.Ition and show the surplu5 or deftcic for the period In prepxring Ihe5e financial st3ternenis rhe tTUSfees are reqi)Ired to Select su¢tJble accounting policies and then appty them con515tenily., Make iudgements and ostimare5 rhat are reasonablo and prudont." Stale whether applicJble accounting standards hiyt boon followed. and Prepare the finantijl sratements on a going conrern bJs15 unless It Is inappropnate to presume that the Foundation will conrinue to operate The Trusiees aro re5ptsnsible lor ke¢pirsg proper a<counrtng records fhar disc105e wirh reasonable accur31y at any lime rhe fin.InciDI posiiion ol ihe FoundJtion They Jre also respon51ble for 52fcguarding rhe assets ol rhe Found3tion and hersce uking reasonable steps lor rhe provention and dctectton ol fraud and other Irregularities. The finan<ial 5tatemcnts have been prepared in accordance with the actounting policies 5e( ovi in nores to iho JtCOUn¢5 and comply wirh rho charity 5 governing dotumefiL the Charities Ait 201 l and Accounting 2nd Reporting by Charities S¢atement ol Re<ommended Practice applicable to charities preparing tlieir 3ttounts In accordance wirh Il)e FinJn£131 Reporting Standard appli¢3ble In rhe UK and Republic ol Ireland pub115hcd on 16 july 2014 Statement as to dist105ure to the Independent Examiner 111 30 fai- as Ihe Trusiees Jro Jwtsre aL Lhe (Inie ol %ipproving LhÉ trusieos, annual report Thtro Is no relevant Informaiion. being InlormaLion needed by Iht Independenr Examiner in connection with preparing his reporr. of which die Independent Examiner Is unaware The Trustots, hJving rnade cnquirie5 of follow Tru5teos and the Independent Exarniner rhar they ough( to have Individually taken. have each taken 5tQPS that rhey are obliged to rake a5 a Irusree In order to makt thtmstlves 3ware ol any relevani Inlonnacion lor tho Independent examination and to establish that the Independent E¥atniner t$ 2ware ol rhar Information. Signed on behajf ol the Board of Trustee5 )05 Trusree Tru5rce Date Il,b, Dare". zf -¥-
INDEPENDENT EXAMINER'S REPORT TO THF. TRUSTEE5
OF THE WILLIAM BELMER RUSH FOUNDATION
I report on the a¢c•vnt& ol the William Belmer Ru%h F•und2tion lor tho yoir •nAtsd I l M.Irch 2026.
which are Set out on pa8e5 17 - 21.
Responsibilities and ba513 of report
As the trustoos of the ch2riiy. you are respon51ble lor the prepjration of tho accounrs in acCOrdae
with the requirements of the Chariiies Act 2011 I'ihe Act'l.
report In l-C5PCCt of Iny exAii)Ination ol the chartrr s account5 carricd out under #oction 145 01 rhp
2011 Ac¢ and in carrying out my exaniiniiion I h3ve followed all the applicable Direciion5 givi'ii br che
Chariry Commission vndcr 5Qttion 14515llbl of ihc ACL
Independent examiner's statement
Your arttnriori 15 drJwn to the faci thir The ch.Irity h35 prepared Ihe finincTii I statemenrs in
IctOTdJnce with the relev.Inf version of the SLiiement of Roiommcnéed Pr1ttice applicable to
chai Itie5 preparinK Iheii Iiiiai)ciil 5t3tement5 In Jccordance with (he Financial Reporting S(andJrd
applicable In the UK and Republic of Ireland IFR5 1021 In preterence to the Accounring and Reportin
by Charities Stattmont ol Recommonded PrJctice 15suod on l April 2005 which 15 relcrrcd to In the
extJni I"cgulation5 but h15 now been WiihdrJwn l undei"sran4J tliat tliis has bocn done In order for rhe
finJnciJl 5tartmtnt5 to provide a true and fair View In 3tcordance with UK Generally Acccpied
Ac¢¢*ullting Pr4¢ti¢t.
I have compltitd my eximin.iiion I confirm thJt no matcriil matrers have como ro my artention In
Conntttion with thc Cxiiniinarion giving me cause to boliove thar In any matorial ro5pecr.
Accountin% record5 were not kepr In respect ol ¢he chariry as required by section 130 of the
Act.
The Jrrounis do not ac<ord with those records
The accounts do not comply wirh tlie applicable requiremÈnts tonceming the form and
content of accounc5 5t1 out in the Charitie5 IAccountS 3nd Reportsl RegulArions 2008 oth¢r
than any re9uiremeni that the accounis give a 'true and fair view which Is noi k mailer
con51dered as part ol an Independeni exjminauon
I have no concern5 and have corne atross no other marrers In connecrion wirh the e¥aminaiion to
which attpnfirjn Rh¢Jiild hp drnwn In thi% rpport in order to enxble 3 pfDper undersrjnding of ihe
accouThc5 ro be reached
Am2nd3 H211- Senior Partner
C¢punier
1111.i.i.,111111.'I 111.-ii Itlisii F-{)[INI),i'I'I() STATEMENT OF FINANCIAL ACTIVITIES lor tlie yexr ondrd 31 March 2026 4Dt¢• Total Tot¥1 INCOME AND ENDQWMENTS FROM. S.462 03.$79 •J.511 iJJn •J,$71 15.lJ62 15.001 EXPEf4DifvRÉ ON.. Charilab ipMditur Grarfs to Y• thè Ch•n Fvnd 116.)24 OÉ.J271 Q6.J27) 8 9801 I2)1T1 Q6.317) P6.J14 Q5.n6) Q5.1281 s.yzyi 177,1841 5.7181 05.7281 MunLharn T¢ul Grtr¢U Suppvrt Iylts 143941 f$J941 Tatal Eendire (IS,lJ121 {IS.l)611 Ill.5781 j8J,5781 Nei lncornellexpend1tu) belw Net i1#101¢5) thVESlmEfits 162SI 1.6251 Nrl IniOmel{eApn¢Jituvl quo1 <91.6isi (9$.6251 RECONCILIATION OF FUNDS )992 ISW.617 1599617 2.324.161 2J24.061 2.500.992 1500.912 17
li 11.1 i.iii iii. i iii,'111111s111.'1)I IN'I)..I'I'I()N BALANCE SHEET )% It JI Mai-cli 2026 JI HAich 2016 J I MArrh 2•lJ TrIXEO A55ET5 2.326.861 2.5fy).992 CURRENT ASSET5 b&r •6,430 94.styj Credrtori Amoynts ytl 186.4JOI 184.$931 l.Jl•,8•1 THE FVNDS OF THE CHARITY ENDOWHENT FUNDS Cwul Ind 211.784 2.115.077 2.2ei,208 Toul thany In 1.316,861 Apyoyed behth of tht 8o4rd olTruTtoÈ Trus(¢¢ D4¢e zi
li li i i.iii i{I,'i iii,-11 11115'111.-()iIN'I),I'I I(IN NOTES TO THE ACCOUNTS ACCOUNTING POLICIES The financial siaienients hAve been preparod under rhe historicil cost corivenrion. except for Inve51ments which aro Included ar mxrltet value and the rovxluxiion ol certAin fixed xssets and In accordance wirh the Charities SORP IFRS1021 'Accountin8 and Reporting by Chartttes Statement ol Reconiiiiendod PrACllCt appliciiblc 10 charities preparing their aciount5 In accordanco with Ihe Fin2rtriil R¢porting St)ndJrd tsppli£ablc In tlic UK and Rcpubli£ ol Irclilnd IFRS 1021 Icfltctive I lanuai y 20191,, Financ131 Reporiing StJndard 102 Ihe FinJnc131 Reporting 5Llndird Jpplic3ble In (he UK and Rcpublii ol Ireland IFRS 1021. and thc Ch3ri(Ics Aci 2011. William Belmtr Rush Foundltion meeis Ihe definition ol a public benefit entiry under FRS 102 As5eis and IIAbilitiP< jre Initiilly recognik•d Ji h15rori<il Cosi or trins.Iciion v)lut vr%lts othcpwise sta¢cd In the relevant J<countlTig policy notelsl. Public btncfi¢ enriry sratus Tlii iliaiiiy mee15 rhe ¢Jefinition of a publK benelit ¢niity under FRS 102. Going concern 5tatvs The Trustee5 con51der (hat rhere 2re no material uncertainties about the chariry's ability to conrinue as a going concvrn Income All income Is Intluded In the Statement of Financial Acrivities as soon a5 the lollowing three facrors can be mei. Entitlement when Income Is receivable tsr the charity'5 right bccomes Ic8Jlly nlorCeat. Probable when It 15 n)ore likely than nor rhar rht Incofflo will be received Meisuromenr when the moneury value of the Income cAn be measured wi¢h sufficient Expenditure All expendiiure Is r¢¢ognised once there Is a legal or construcrive obligation ro make a payment to 3 rhird p3rty. al Charirable acuvitie5 Costs ol chJrirable activities comprise all costs Incurred In pursuit of The charirable obiectivos of the charity After providing for creditors. the remaining Income received lor Ihe year Is disbursed to the beneficiaries a5 described In the Trustees ReporL bl Support Costs Support f05rs are Shown under the 3ppropriate SOFA expendirure caiegory and consisi 501ely of Éovernance Costs which compri59 Jll <osts attributable to ensuring the public aCCOuntttbility of the chariiy and lis cornpliance wilh regulaiion and good pracuce These cosu Included Independent examinacion fees and trusiee expenses. Taxacion Th Willi2m R(lmpr Riigh Frjiinditian IE 2 rpgi%tprpd rhxrry xr*A Éiirh is pxpmpt Irom tlX2tiOrt ol Its Income and gains to ihe extent that they are applied to Ir5 charirable purposes. Invesrmen15 Inve5rmen15 are shown ai rnarkei value. Nei rea115ed and unrealis¢d gain5 and losses are reiiected In the Staiemeni of f Inancial Aciiviues
1111.l.l.Kill 111,'l.111,'Il Ill'.%ll i.-(11'51).,I I i() NOTES TO THE ACCOUNTS (continued) INVESTMENT INCOME lThcomiThg resources includes investment intome 01 £85,062 (see brèakdown belovl 1025126 2024125 Iterest. Dep05i¢ Fund Dividend Income - It%ve5tment Fund 3% 2.46J 62.404 20,195 85.062 2.8C 60.583 20.195 73% Dividend income Property fund TotAI 24% 83.S78 GOVERNANCE COSTS The provision for the 2025126 tr3vel expenses was {S.Sc 12024125. 15.5001. Cost5 01 £4.129 were Inturrcd for the 2024125 AGM held in lune 2025. Tho nuFnbtr of trustees In receipt DI rravel expenses wa5 112024125. 11. The b351C 3dminisirAtion fee Is £1.2QO per annum p3y3ble to Save (he Children Fund wiih IhE 10SL vf Any iddirion31 work shown sepanrely. Tliere wJ5 no 3dditionJl work during the yo3r 10 31 MJrch 2026 Costs 3150 Include £75012024125 £7081 for Indepenitent examiniirion lee5. No triJ%too% wprp in r•rtlipt l)f rprnitnprfirtn iti thp yPAr l?0?41?5. 01 INVESTMENTS The I1)vtSlTIILli r¥yr¥)I'llL ili¥ 14ViL41 vf dii. Fvuiidaiitrn and are nor availtsblt lor d15tribution by the Tru5rees The valuarion of the Chariries OftlC131 Investmenr trund ILOIFI Invo5tmont fund. property lund and capital fund (held In a deposit account) as ar 31 M3rch 2026 are sho%vn bclow. Atl Income Is received gross of rax. pFOtrY Fthid COUnL Fund Totsl Toul IlJ15IZ6 101S116 101S116 2025116 202412S tyirke¢ vakje I Vnrelhsed iaiThsllh)55•s1 Mirker ¥alue 31 Mirch 5.932 2.113.W2 371.258 2.500.992 2.599.617 5.9J2 .942.Y)• J78.190 2.326.461 I.SQO.g11 X of tothl In¥e5tmEnt This endowment ¢nvesrment pordolio eornprises two lorms of basic financfal ¢nstrurnenc The capital fund (deposit accounEI Is cash. The In¥e5tmenE fund and properry fund are listed ifive5tmeors whicli are IniEi&lly rccogp15ed ai Iheir Iran5aciion value and 5ubsequenily m¢2sured ai their fair v31ue a5 3t the balance sheet ijate ussng Ihe Closing quoted marker pnce 20
NOTES TO THE ACCOUNTS (continued) CREDITORS 2025116 2014125 Granis payab T$[te iravel prov1$10n Indepondent eximffier s fee provision Administrath>n lee Total 18,980 77.184 5.500 750 5.500 1.200 84.430 1,200 84.593 RELATED PARTIES ThÈ charity tru5tecs disclosod on page 14 tnclude one from each ol the benefiting £harit¢es. The material Iransactions with ihe5e charities are d*sclosed In the Trustees Repon on page l. NET MOVEMENT IN FUNDS Balance Balance l April 2025 Gainsl(losses) 3 1 March 2026 Orizinal capital lund Invesimenr re¥aluacts)n reseTve Total 211.784 2.289,208 211.784 2,115.077 2,326,801 2,500,992 (174.131)