Charity registrdtion number.. 309240 THE EWELME EXHIBITION FOUNDATION TRUSTEES. REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
The Ewelme Exhibition Foundation Contents Paye Trustees. Report Independent Examinerfs Report ststement of Financlal Artivitie5 ststernent of Finanoal Position Notes to the FInala1 Statements 7-10 The followtng pages *Jo not fomi part of the Ststory accounts.. Detailed Ststement of Floancl Activrties li
The ewelme Exhibition Foundatlon Trustees. Report For The Year Ended 31 August 2025 The trustees present therr port and the flnantial statements tsr the year en¢Jl 31 August 2025. Objectlv•s and Artl¥lti•s Aims and ObJertiTM Objerts and artivities for th• public b•nefft Undef the Trust Deed. the Endowment receives yearly Income from God's House In Ewelme at the discretion of the Trustees of that Chartty. No funds are Led fri the publK. Awar41 m•kSng pollry The Govemors pay grnnts and awards In accordance with the oblects of tt Chor(ty Athl•vements and P•rforni•nc Maln Achlevem•Ats The Governors are orklng wlth an increasing number of young peop. and continue tr> develop awards and grdnts whlch allow dlsadvantaged young people eXperiee the best aVailae educational ¢)pportunlties. FlTr4ntlal Revlew Rn•n¢i•l Posltlon The Ch&rity5 gr6nt for the pertod from God s H¢)use in Ewelme Is £225,000. The CharSty's lThterest irscome for the Peri is £1,944. After grants and awards paid of £261,465 and supwt costs of £37.816 there was a defiat for the period of £72.33?. Rar¥•6 Pollcy The Charity had uThres¢ricted reserves of £159.122 at 31st August 2025. The Charity has adopted a documented reserves poliry valued at £145.000. consistin9 of necessary w0[n9 capitsl and conknngencies fr¢m unforeseen events so that the Charity can continue to rerform choritsble objects. It is planned 2025126 to reduo the vnre5triLtsd hjnds to reserves level by setting a deficit budget. structu Goveman¢• and M•nayem•nt G?vernlng Do¢urnent The Scheme allaws for 8 Govemors WF are appointed to represent VariOU5 areas and interests that we setve. Referen¢• arsd Admln•str•t5¥e OetaliÉ Mr Keith Settle Lady Sarah Backhouse Dr Gail West Mr Got*on Ross M5 AdriennÈ Rosen Ms Susan Koster Mrs Susan Lyon5 (resigned 31108120251 Mrs Sarah Maine (resigned 04111120251 Ms Veronica Riley (appointed 03102120261 Mr Christopher Hirst {apptyinted 0310212026) Page i
The Ewelme Exhibitlon Foundatlon Trustees. Report (continued) For The Year Ended 31 August 2025 Other Porsonnel Dr M Andrews - Awards Manager Ch•rTty Number 309240 Prlnclpaj Addr•s8 Cloister Cottage Burrows Nill Ewelrne Oxfordshire OXIO 6HR Indop•ndert Examlner Cara Chaptnan Chartered Accountant Cara Chapman Chartered Accountsnt 6 Wlngfield Close Ewelme Wallingford OXIO 6]Y Page 2
The Ewelme Exhibition Foundation Trustees. Report (continued) For The Year Ended 31 Au9USt 2025 Ststement ol Tru5tets' R•sponslbllfties The trustees are responsible for preparing the Trusttts. Report and the financial statements in accordance wlth applicable 14 nd United Klngdom Accountin9 Stan(lard5 (United Kingdom Generdlly Actepted Atcountyng Pratticel. The law applicable to charityes in Englan*J and Wale5 reqUis the tnjstees to prepare financial statements for each financial year which give a an¢Y fair view of the state tsf affairs of the charity and of the incoming resource5 and application of resources of the charity for that period. In preparing the finanaal 5tstements the trustees a reqUId to.. Select suitable accounting 105 then apply them consrstentjyi observe the Meth(5 and prinriples in the Charity SORP- make judgments and accounting esbmates that are reasonable aiKI prudent: and prepare the financial starements on the 90ing concern basis wiless it is rnappropriate to prestIe that the charlty wlll continue In business. The trustee5 are responsible for keepiTr9 adequate accounting rEcord5 Which disdose with reas¢Jnable accuracy at anytime the rinancial posit5on of the charity and to enable thwn to ensure that the acctsunts comply with the Charities Act 2011 the Charities IActounrs and Reports) Regulation$ 2008 and the provlsiors of the trust deed. They are also responsible for safeguarding the assets of the chanty and hence for tsknng reasonat4e steps for the prevention and detect10 of fraud and other SrregularitJÈ5. The trustees. report was appvvved by the board of trustees and signed on its behalf by: Mr Ketth Sethe Trustee Date Page 3
The Ewelme Exhibition Foundation Independent Examiner's Report to the Trustees of The EWe[n Exhibttion Foundatlon For The Year Ended 31 August 2025 I report to the tr115tees on my examination of the accounts of The Ev4dme EXhIb0Th FouTh1ation (the Trt) ftsr the year ended 31 August 2025. Re¥pon$5bÈlltl•s and Of R•port As the charity trurtees of the Trust you are responsible for the preparntion of the accounts in accordan with the requirements of the Charities Art 2011 rthe Arti. I tport in respett of my examination ol the Trusvs accounts out under seLtbn 145 of the 2011 Att and in carrylng out rny examination. I have followed the applicaiAe Directions given by the Chatrty Commission under sectlon 145{Sllbl of the Att. Indep•nd•nt EXa•nine5 Statement I have completed my examination. I confim that no material rnatters have con to my attentson in connectfon wtth the examinatlon glving me cause to believe that in ally matertal re5pett.' l. accounting rÈconY5 were not kept in respect of the Trust as required by section 130 of the Att: or 2. the accounts do n<>t accord with tse records- or 3. the accounts do not Comply with the appltcablé requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any ra]uirement that the accounts give a 'tnJe and falr view, which Is not a matter considered as part of èn indepefident examination. I have no concems and have tome across no other matter5 in connectknn with the examination to which attention should be drawn in thLs repc>rt in order tu enable a proper uThJer5tanding of the accounts to be reached. Cora Chapman Chartered Accwntant 04106/2026 6 Wingfleld Close Ewelme Wallingford OXIO 63Y Page 4
The Ewelme Exhibition Foundation Statement of Financial Artivities For The Year Ended 31 August 2025 2025 2024 UnrestrtL*•d Unrestrict•d funds funds INCOME AND EIIDOWIIEpifs FROM: Charitable attivities- Grants ft>r educational purposes Investments •teB 225.000 300.000 1,131 EXPENDrnIRE ON.. Charitable attivities- Granrs for educatiwl purpose5 NET (EXPENDrruRE)/INCOME 226,944 301,131 1299,281} 1275,6741 {72.3371 25.457 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total fund5 brought forward TOTAL FUNDS CARRIED FORWARD {72,3371 25.457 231,459 206.002 li 159,122 231,459 The notes on pages 7 to 9 form part of these finanaal st3tements. Page 5
The Ewelme Exhibltion Foundatlon statement of Financial Positlon As At 31 August 2025 2025 2024 Vnrestr5rted Total funds funds CURRENT ASSETS Debtors Cash at bènk and hand Notes 60 253.080 177,045 177,045 253,140 Cr•dltors: Amounts F•lllny Due ¥fithln Ye•r io 117,923} 121.681) NET CURRENT AssEfs (LZABfunES) 159.122 231,459 TOTAL ASSEfs LESS CURRENT LIABILMES 159,122 231.459 NET ASSETS FUNDS OF THE CHARITY Unrestncted Funds 159,122 231.459 TOTAL FUNDS 159,122 231,459 li 159,122 231.459 On behalf of the board Mr Kelth Setde Trustee Date 16.6 Z The notes on pages 7 to 9 form part of these finarKial statements. Pa9e 6
The Ewelme Exhibltlon Foundation Notes to the Financial Statements For The Year Ended 31 August 2025 l. General Intorni•tlon The Ewelme Exhibityon Foundation an unincorporated charity registered with the Chaty Cotnmission, regIste charity number 309240. The prindpal addre$5 15 Clofster Cottage. Bvrrows Hill. Ewelme, Oxford5h¢re. OXIO 6H 2. AccountSn9 Poll¢i•s 2.1. Ba$ls of Preparatlon ot Fln•nd•l Ststements The financial statements hève been prepared ill accordance with the Charities SORP (FRS 102) "AccoLtnung and Reporung by Charitie5.' Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicatsle its the UK and RÈpublic of Iland IFRS 102} leffective I January 20191. Finandal Reporting Standard 102 Yhe Financbal Rew)rtww Standartj appllcable In the UK and Republlc of Ireland" and the Charities Art 2011. The tharlty is a Public Benefit Entity as defined by FRS 102. 2.2. Incomln9 Resourts5 All income recogn4 once the Charty has entittement to the Income, it ts probable that the income wlll be reIVed and the amount of income recelv6ble can be measured reli?bty. 2.3. R50urca Expend Grants asvards payable are included when the reclpient has a reasonable expectation that they will recetve a grant or awar£1 and when any condifions attached to the graat are fulfild. •ndl on Liabilit1È5 are recagni%ed as expendVre as soon as thÈre is a legal or con5trucbve obligation committlng thè Charity to the expenditure. it is probable that a Srfuement will be required and the amount of the obligation can be measured reliably. All expenses, 5ndUd1r support Costs and 9t>vemae costs, are alh)cated to the appllcable expenditure headlngs. 2.4. C•5h •nd Cash Equlv•l•nts Cash and cash equivalents are basic financial assets and include cash In hand arKJ dep051ts hel¢J at call wSth banks, other short-term highly IiquKJ investments Ihat mature In no more thall th months from the date of acquisition and are readily converknble to a known amount of cash wffh irLsrgnificaTrt risk of change in value. and bank overdrafts. 3. Investment IA¢om• 2025 2024 unre Unrestrltt*d fund• Bank interest receivable 1.944 1.131 4. An•lysls ol Exptndoture 2025 Gr•nt fvndin9 of a¢tivltles Support (see note S) Tot•1 Grants for educational purposes 261,465 37,816 299,281 Page 7
The Ewelme Exhibitlon Foundation Notes to the Financial Ststements (continued) For The Year Ended 31 August 2025 2024 Grant fundlng ol rtlvltl¢¥ Support Isee note 51 Total Grattts for educatlonal purposes 227.246 48.428 275,674 5. Support Costs 2025 Gronts for •ducatlonal purposes Employee costs General adm1nlsrraOD 24,186 13.630 37.816 2024 Grants for educatlonal purposes Employee costs General adminlrtTrtfon Govemanee costs 20,371 23,957 4,100 48,428 6. Independ*nt Examlner's Re•nun•ratlon 2025 2024 Independent examlnatknn of the finandal ststÈments 1.540 7. Staff Costs Staff costs were as follt>WS: 2025 2024 Wages and salaries 24,186 20,371 No employees received employee benefits leXdUdlr empW pension costs) for the reporting period of more than £60,000. 8. Av¢rng¢ Number of Employees Average number of employees during the year was.. l {2024- 11 Page 8
The Ewelme Exhibitlon Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2025 9. Oebtors 2025 2024 Du• wFthln one yr Other debtors 60 10. Credltors: Amounts F•lllng Ou• Wlthln On• Year 2025 2024 Other creditors Toxation and social securty Accrua15 and deFerd income Accruals for 9rants payable 2.433 233 431 1.825 15,667 4,252 14.763 17,923 21.681 11. Mov¢ment In Funds Asati S•ptember 2024 Income Asat31 Exp•ndltUM August 2025 Unrestrirted funth Generèl.. Generdl unrestricted fund 231.459 226.944 1299.281} 159,122 Total funds 231.459 226,944 {299,2811 159.122 Asati September 2023 Incomt Asat31 Exptndltur• Au9U5t 2024 Unrestr¥rted funds Genetsl.. General unre5trfcted fund 206.002 301.131 (275,6741 231,459 r•)tal funds 206.002 301.13L 1275.6741 231.459 12. Transactl•n• v41th Trustees None of the trustees received any remuneration or any other benefits from an emyrnent with the thaty or a related entity during the current or previous year. No trustee expenses have been IUrred. 13. Rel•ted Party Dlsdosur•s There have been no related party tsansactions in the rep)rting period that requ dlsdOsu. 15. Conn¢tted Charitie P4e9
The Ewelme Exhlbltion Foundatlon Notes to the Financlal Statements (contlnued) For The Year Ended 31 August 2025 God's House In Ewelrne provides the income of this Charity and that of the Ewelrne EleThtary Educatitinal Foundation. 7he Governor5 conslder that these three Charitles are connected. Page 10
The Ewelme Exhibition Foundatlon Detalled Statement of Financial Activlties For The Year Ended 31 August 2025 2025 Trtal funds 2024 Total fwids IIICOME AND ENDOWMEifs FROM: Charitable Artlvlties: Grants for educational pwpos From God's House in Ewelme 225.1)00 300,000 300.000 InvÈstm•nts 225.000 Bank interest recelwable 1,131 1.131 expENDITURE ON: Charltable Activitl•s: Grants for eduratlonal purpos•s Grants made to schools and other organisatiors Awards and grarTrts given to Individ1$ Wages and salaries Trb5tee indernnty irUranCe Printyng. postage and sundry eypenses Advertising and rnarketing costs Independent eyamineffs f$ Accountancy fees Managemenr information System Payroll fees Audit fees 226,944 301,131 191.366) 1170.0991 124.1861 1759) {8041 1282} 11,5401 {41,447) {IB5,7991 120,371} 17191 {1,6831 {55) 1840} {17.952) {2,7081 14.100) 1275.6741 1275,6741 19,120) 11.125) 1299.281) 1299,281) NEf (EXPENDITURE}IINC014E 172,337) 25,457 Page li