I1'ILLIEI￿l BF.1.￿l￿R RUSH Tr()UNI)ATION
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
t￿￿1￿d
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 h￿d 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[ne￿encY 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 Ch￿ldren 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<al early weeks ol a crJsi5.
Case Study.. Patrick* Holding onto Hope through Education
When conllici reach¢d Parri<k' 5 village In the eastern Democraiic Republic ol Congo. his childhood wa5 turned upside down Ai
lust 14. he and his family were lorced to lloe. loiving bohind their horne. their13nd. 3nd their only source of lood When they
returned days lator. everyihin8 haé been looied Since rhen. the family ha5 5rrugsled tQ siirv1ve, often living on one d￿lY me
Dt>piEe IliLSt liardsliips. Paiiick. deieiiiliiieJ Lv Ivcurii LV >ilipvl How¥ver. wiihoui ba5K rnaieria15 Iwiih his uniform rorn
and h15 book5 ruinedl learning became almost Impossible To ensure rhJi Pairick. could 5(Ill actend school. we, alont with our
pxrtntrs. provided him wirh a school 618. books. jnd Èsseniitsl supplies Moreover. P3¢rick" was also able to loin carch•UP cIxss¢
which helped Pairick. to ge¢ back OTr track after ¢he time he Iosf due (o rhe displaeemtnt
Ar the sarn¢ tirn*. Improv•ments ro tho school. rrginin8 ftsr t•ich•rs. hiv•
reated a saler. more supporiive er¥vironment for die children who weie
affected by the crisis Today. Patrick Is rebuilding his lurure through educaiion
As he puts It. 'thJnks ro school. I dreirn of becoming i builder Jnd
Youi supyui I lias helped childrcrt like Patri<k not onli rervrn to learnin& bul
regain hope. laying Ihe foundations for a more 5rable and 5ecvre fuiure

REPORT OF THE TRUSTEES (continued)
12-Montli Progr*s5 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 cqu*pped io meet Eirly Childhood Educaiion standards.
ensurins 5al¢. IncluS￿e. 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 ¢n￿gemen￿ 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 <onfid+nco 2nd Jr% irnproved willingness ro p2rticipaiÈ To ensure that
our airiviiies ar¢ Inclusive. we h2Ye made provisions fgr free Iran5port for every Lliild wliv 113s been enrolled
A coro focu5 of our progrJmme has been on 5trenRthening Teaching capJciiy ro deliver
high-quJliry. Inclusive ECCD
27 IEacher5 aiid a)>i)taiiLs liave been trained In ¢hild-cen¢red
methodologies, eady Iiterdcy and numeracy, and Inclusive educatson
Our comprehensive rraining progrJmme has covered safeguardin& referral
P31hway5. and social 2nd emotional learning
Vve have also Iniroduceij Teacher Learning Circles co supporr peer
learning and continuous irnprovernent
Thc>c oHorrs havg tyn£ur•d chi¢ cljssrooms noi Only 2¢Jdernicilly Infii<pd. biit Jre
so safe. proLeciiv¥ erivii Vlilli¥liLS )UPPOrtit)g childreTr s w¢llb¢in8.
Improvlng Teaihing Quality diiLI IiiElu>iYY Drli¥ery
Integrating Social and Emotional Learning (SEL)
Siructvred social and emoiional learriing approaches liavt been embedded throughoui the programme 10 5UPPQrt children's
ernotsonJl wollboing ￿nd resilientÈ.
Ewery child who has beeTh cnrolled has compleEed their baseline SEL assessments
Incroductory and sequencial SEL se$5ions have begun Across boih pani<ipJiing cenires
Activitie5 are focused tsn emorional regulation, sell-Jwarene55. and posirlve peer InreracrioA

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<pA on 2tcos%ibiliiy. salety. and
Improvements tv sanitalitrn fAcilitit&. tTi>Vf iiix ilid( dll Lliildr i'ii Laii li'ai li 111 4 saf¢ atid SUPPOT-ti¥c environmcnt. In addition,
community.lovcl actlV111¢5, such as our plJnned 501ar lighting In5falla¢ion5. are boing dtvoloped to Improve 5alory and acce$5 around
Ertsuring Contlfluity of Leartyins in Crisis Context
Rcctni oscJlJiions of conflict liad Itniporarily d15rup(ed access (o leaming We adapted to th15 by..
Pausing and 5aftly resuming actiwitics, following risk asscssmencs
AQiu)iiii¥ dLIIYeiy IllTiclirie5 10 ￿aIn￿lfi roniinuiiy
Sircngthcning coordiThaiion wilh local authoriries and p3rcThers
De5pi¢e rhese challenges, our ECCD acuvitses have continued. en5vrins that childreD re¢Jin access (o safe. stnjcrured learning.
Supporting Transition to Formal Education
A koy obie<tive of EnhanciTrg Fucvres 15 to ensure children are prepared to enrer fom)al schooling To that end. we have..
Condur(cd and comploted bJ5eline as5essmen¢5 In Iireracy, numeracy. and SEL
Ctsmmitted io underi2king endline assessments. whith will measuro progre55 and leJrning outrome5
Piitr Ip Thlirp frnirriirp4 rplprril pithw7y% tc) i11PPCJfT rhp rr7n%itinn tntfTr fnrmil pdiiritinn ?T t4p pnA rhp FCCD ryrlp
THANK YOU FOR YOUR SUPPORT
Thewllllam 8elmerRush Foundatlon's s￿￿)rt In 2025 hashelped to￿surethat Savethechlldren have
reached mSllkx15 ofchildren and ensured thatthey can learn safelyand freefrom hm
Thank once ¥￿in foryoursupporL It Is IMM•￿•1¥¥ppr•uat•d.
1s1kilbysav8t￿C￿7dr￿nUK

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
ETlIaysld￿￿I1t
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
lemen￿ry 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<rion to S21@gu3rding ChilArpn
PAF Quilification
sh Lift & Tint
L'VL'I 2 Award In Cusiomer Scrvice
ani¥al Handling
edication Admin15tra¢ion
NpvAIp5 & Sharps Aw2rènos%
NPORS Forward Tipping Ticker
NPORS R02d RollÈr Tickei
NPORS Safety Awarenes5 Ticket
nline He31rh and SJfeEy for Employers Cerrificate
Èdiitnc Firsi Aid
orsonjl Fin)nco Minagement SCQF Level 4
ProtecrioTh of Vulnerable Group5
Retail Cu510rntr Service SkTIIs
eekend La5he5
orking tst Htighr Training
orkin8 In fnnfinpd gpArp%
orking with Orhcrs SCQF Level 2
orkplace First Aid
QTAL
19Z
r2llbPL ol'addilitsrtdl ba￿lcr5.
l.'l)I ImpJLI In-l a
'51dL Ihii icJr
Of young p¢opl¢ hai L, iUPPVrtid diselvsL'd hai'jnb J Iiled exp¢iieiit¥ ot"
'InLP In cJr¢
-I'ourib r4oplb ￿'ll11 J dJ£Jbtlii}' 30.1 JQ/4 Ot'%'uun¥ PL'ople li-e have sUPPort￿d di%¥lo%¢d a dL%abilJi>.
-)'UUllL' pLupIL Ii'iili meiiial IILJlili i%%uL) 44 11".ti uf Ji>u¥ib pLvi?IL IiL L suppufiicl disilosed
mLnldl h¢alih 155uLs, maiiilj loiv 10 niLidLraiL.

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 b￿lIdIng 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 h*alth and tri4ndship
Impact
TIIL. piuxICSs H has Mad￿fi.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 Mad￿frOM 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 i1￿n￿A 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<hovl IMHSI ¢ontinued to expand the nurnber5 vf b?ys
wt were able to support Js high rtforrals and our excellenr national repuution dro¥e boys ¢0 ioining
us. Wc had 144 boys on roll at tho end ol rho yeJr. aTr IncroAse of 19 from the previous year with
higher numbers at boih Ihe Lower Primary end of rhc 5cliool and in tho Post 16 proYis10n.
During Ihe August 2025 suinmer holidJy we expanded our Posi 16 prov1510n with ¢he a¢Jdtiion of two
now clxssroon15 and a Consiruction workshop. Vwhich ha5 provod w¢ry popular.
We also built Ihe Muiitham Café. wirh rhe 5UPPOrt of iijnding from Ihe William Belmer Rush
FoiJndJtion. to support ilie e¥pan510n of Food Tech and C*)Lering qualifications open to those In Posr
As woll Js cookiiig 50mt of the food them5elvcs the boys are Icarning a lot of Iifc skills as they serve
boy5 fi'on) beliiiid thc countor. mi1n4ige Ihe nioncy and order new stock.
We continuo bvild our repurjtitsn through Ihe recognition GCSES we receive from various
professional btsdies and recently xchieved J 7th con5C<Utive year ol Outst2nding for our Care
prnviEifin for rp%idÈnt131 btsys SinCQ th¢Jn w• hJve furrher Improved th¢ 9￿411￿ d èur btdr¢x4rnJ and
bathrooms 2nd ihe nurnber ol boarders In rhe school has Increased
niir ftirriciiliirn continuÈ5 to explnd >*id our boy¥ pvrsyQ btsth the traditional a¢ademie GCSE
qualificaiions a5 WCII as a range ol vocarional BTEC qu31if1£2uon5 Once agiin lasi ye2r we were able
to achieve a 0% for NEET Tliai means no boy who left MHS WI5 Not In Education, Employrnent or
rrjining whPrh￿r fhpy Itft tht 3ge l é or 18119 Wè ara Incredibly proud tsF this achieYern¢nt
In February the Governrnent published their While Paper on Sptcial Educ3tson Needs anij Disabilily
ISENDI 'Every Child Achieving and Thriving" This outline5 the mc>ve towxrds greater Intlusion ol
SEND In mainsrream schoo15. creation of Inclusion Hubs. tJrge(ed Inrervenuons. st2ff training but also
recognises (he need ¢0 keep a Spec121isi se¢ror MHS has pariicipxted In (he consult2rion process the
Dep3rymenr for EdiJc)rion ran In May and 15 active With the Nition31 Associarion of Special Schools
and oihers In sharing wr expernse.
Th15 bring5 50mo uncertainty to the sector ind adds to the ali'eJdy challonging enwironrncnt where
Local Authority finances are very 51retched (with many In deficit) On¢ welcome dtYelopFnent Is rhe
willingness of ceniral Governmenr ro t2k¢ over 90% of ihe defiii(s on SEND In Local Authonty
books.
Regardless of these challenges It remain5 otrr ambition to provide the bcsi education. care and
development to 311 our boys
Wo are 31w3ys srriving to Improve and after several years of rapid
eKpan510n w¢ Jro now only one classroom avoy from having 2 cla5se5 01 between six ro eight boys In
every year ol the School.

REPORT OF THE TRUSTEES (continued)
Ai the same timè ihit nirmbers hive Increased th•re hxi also been in incre%$• In the ¢ompl*xtry of
th• n*ods AmOn8%t our coliort In r•fl•riFr*tl nl ihii we opened up i new offerini w¢ ha
called 'Pa[h%￿￿' lor boys who jre ol lower cognitive fiintiiori And %ro Thot Iikety to iijtteed In thé
acidenilc curTlculum
For thi5 Ytar we plin io use the William Belrner Ru%h Foijndatlon firnding donation to iupport a new
developn)¢nt bein% bvdt in 2016 when we build our own Intluiion Hijb on lite Thii WAII be
a d¢dif xrto facility lor a im311 toliort mov+n$ 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 k*nd 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 B*nefit Staternent
TIIL. Ti u>iec5 i0￿rI￿7 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
Ex￿lffIcI0 Triis.[e
Tlie Ch3￿r 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￿￿¢1￿11 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)
Ref*r*nce and Ad171inlstratlve Dpt#lls
Charity Number. 00307079
Tru5rees.'
Mr B. R￿sh
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 F￿nd)
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
)0￿￿5
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 acCOrda￿e
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<ulture ￿rtnerShiP LLP
23 St Leonards Road
8oxhill•on.Se2
Ea>[ SuSJtA. TN40 1 HH
16

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 E￿endi￿re
(IS,lJ121
{IS.l)611
Ill.5781
j8J,5781
Nei lncornellexpend1tu￿) belw
Net i1#￿10￿1¢5) thVESlmEfits
1*62SI
1*.6251
Nrl IniOmel{eAp*n¢Jituv*l *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 I￿nd
211.784
2.115.077
2.2ei,208
Toul thany I￿n*
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%lt*s 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 *nlorCea￿t.
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 rhxr*ry 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 belov*l
1025126
2024125
I￿terest. 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 rprnitnpr*firtn 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.
pFO￿trY
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)