J fs . F sie
chancesror CHiLDREN
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Syne 7 Le =f "AND FINANCIAL
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WaBAS WAS) A aR\ nN \ af \ \ Wu
ABOUT 7 OVERALL AIM
BUTTLFE U K WeOur aimvision to ensureis that poverty“the maintenance,and crisis doeducationnot define and a child's advancement future. in life
° of children and young people who are ordinarily resident in the United
. . .
dedicatedFounded in to 1953, supporting Buttle UKch i ldrens a ch a ritynd .‘ e ’ . 7 ete- childrenKingdom who who are, are or in were, adopted, need of financial children assistance, of lone with parents a preference or children for
young . . = who are orphaned and who have or are being deprived of anormal
situations,social challenges people financial across . Ourhardship, the mission UK who and is to facemultiple enhance crisis ’ ." a i- Ld - : . familyThese aims life.” are consistent with the guidance on public benefit provided by
emotional, educational, and social outcomes :. the Charity Commission for England and Wales. In planning activities, and
through targeted interventions, primarily » e reviewing grant policy and criteria, Trustees consider the ‘public benefit
through our Chances for Children grants . \ requirement’ and are confident that all activities we undertake demonstrate
For those experiencing particularly disruptive » this requirement.
home environments, we also provide .
placementsrants enabling . Theceaccess initiativesto boarding sredesignedschool Our grant-making. and the state of childhood. poverty.
nw to create safe, nurturing environments and F a Our grants are designed to support children and young people a
a foster wellbeing, ultimately empowering : be experiencing significant poverty, on average household incomes NI
I children and young people to thrive - under £16,000 annually, and severe challenges like domestic abuse, =
<° academically, emotionally and socially. - La)4 neglect, or mental health issues. S
= ; ¢ <
™ deep-rootedOur focus on gran expertiset-making and reflects commitment our to child'sOur individualised needs and ambitions,grants, developed aim for transformative with frontline workers change . basedThis holistic on each =m
a maximising impact where it matters most . = financial aid improves wellbeing, boosts educational engagement, and [ay
A Beyond direct support, our work generates \s . provides essentials—from school uniforms and therapy to beds and toys for Al
Zz wr crisis andpoverty informnedlrectly ’ a) those escaping abuse—helping them experience a more typical childhood. z
= by those with lived experiences and our f However, over the last year, the state of childhood poverty has been =
¥ frontline partners. This information is shared i? exacerbated with more families identifying as experiencing destitution1. =
wn collaboratively within the children’s and social The cost-of-living crisis has added extremely toxic pressures to already n
Ee care sectors, contributing to broader efforts financially challenged households . As a result, growing numbersofchildren E
z aimed at systemic change and sustainable and young people are increasingly isolated . Bullying, feeling different, Fa
z= solutions to alleviate child poverty and trauma. and a lack of shared experiences or participation opportunities keep =
E them homebound, with profound and lasting negative impacts on their =
< sel f- esteem, sense of belonging, and mental health . z
2) TTT SS TT )
z . Our Chances for Children grants continue to play a critical role amidst Fi
rs Buttle UK provides grants escalating financial hardship . Demand for our grants continues to be rs)
z . significant, with almost 4,600 applications received over this past year, an 4
$ for children and young yP increase of 3% on previous years . Due to the largest budget of £5million =
L ° ee » .- being available, we also increased grants by 7% from the previous year, x
fa) people In Crisis and who at awarding 61%ofapplications received with the average grant value a
Z are financially excluded. tea Sg OF 1,750. z
E a y ae E "ap a Our grants typically provide items that support a child's wellbeing and i
4 ———_-,F.?r vwoOmoon0 oe r AY) te eS education, and can include essential items such as furniture, furnishings, °
Wi ‘ ayy ; heat vi - educational items (including laptops, books, and school uniforms), clothing, Ww
i eet" bap ‘gn wee Be toys, and games . The impact ofthis support is profound. We see high a
< ORK poe Lh proportions of [families] [indicating][ that][ the][ grant][ has][ made][ improvements] [to] <
3 Ri oS : 7 key areas, such as 93%offamilies marking an improvement in their children's =
z Spas “ ba) capacity to play and relax, and 90% telling us that their home environment z
< Hf & had improved . A breakdownofthis analysis is available later in this report >
5 Pé and will be much more expansive in our upcoming Impact Report, but the 5
ut ! Z key takeaway is that our grants can and do make change happen for families a
E j
kb ‘ across our Theory of Change. E
=) - =
ry [")=)
1 The Joseph Rowntree Foundation defines destitution as the ‘most severe form of material hardship’.
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. os? te cn ae
4 All grants applications are made by referrers known to the child or young a “7 z . aa G 5
person and all grant referrers commit to our terms and conditions, including = > Free wR 2 AR Tre
the submission of receipts to verify spending . Our process includes vigilant % ; BEN :
monitoring to detect issues and help us rapidly identify potential misspending, ms °
,
o n = BU I | LE U K
In addition to the Chances for Children grants, we provide boarding school
childrengrants for a withsmall boarding school number of children grants. aged 11 -1 6 . This year, we supported 59 ’ | iE EORY @)F
Our annual State of Child Poverty report wasa significant undertaking this
year. Through extensive engagement with over 1,000 frontline professionals e :
working with approximately 150,000 children, the 2024 report highlighted :
the harsh realities of childhood in a cost -o f-living crisis. Key findings reveal a
distressing landscape: 58% of children supported live in destitution, struggling "
to afford basics like food, utilities, and essential furniture. 91% of respondents ; , .
saw the impacts of poverty worsen due to recent cost increases, with many 7 TO PROMOTE Improved social &
families skipping meals, enduring unliveable housing conditions with pervasive emotional wellbeing
mould and damp, and children’s education being severely curtailed bya lack & increased capacity
of basic resources and overwhelming stress . The prevalence and severity of Pid to engage in education
Adverse Childhood Experiences, including mental illness, domestic violence, 7
and neglect, continue to rise, underscoring the immense strain on families and 7 ;
the urgent need for systemic change . —
0
«,
5 . i , TOENSURE — Home wo
rnN Grant Making at a glance F Pion Children &: young: peoplei 3a
oO An — a - are growing up ina safe x
= i yee ayaN fi ‘ ’ & nurturing place that s)
= ew en fw 8 S ya RE wi — meets their learning and =
= 4,600 59 dis ae ‘ai ia ; ~< ; , =qoie » 4 Widerdevelopmentc needs =a
a applications received this year children supported is ra) Sw = ider Community z A
A . b eT SR hertio” — an” Children & young people (-) 4
a through boarding r \— \ a | Sa ere Sy access activities that rs] a
Ffcee +3%os: increase schoolhool g grantst Ra:wane >.- — aALi} lal+ as=,”= db aesf “sete promoteEnd learning wellbeing and build m7 Zuwe
ui F ee iy: ao) a 4 a support networks z mr)
> on previous years — P gy é ri M ro} >
,0 150,0,000 : SS: . : Apedag c 2
nf one children represented ah ee BR \ : Vi a a a
= £5 mi llion Pe oe | Reee -dguar TOPROVIDE _Theitems & activities m =
Fa across the UK a [ah] Fl Cary Wo be Sa shai that we expect all Q uw
E total budget - our largest yet : BE = ~" ge children to have & the = <
o ie “Ales saat S| SS Aan —| ba nt a Bs ates TE ; extra resources that can > bo
2 ow: 58% : tee = oS ; ———— Ge ind sy help to overcome crisis Q z
rsz< :+7% increase of children‘ supported aa, Sesss AEE:eb kd } eoa eee A FESPty & unlock opportunities an 5z
z in grants awarded .. .. iy Se tae Ce ree <
= are |living in ddestitution PgeeFel Ssa eeeend oe <z
az 61% eaaeee eee | - - F“il 2 a5 ChancesIndividually fortailored Children fa)z
- ° 91% q pe grants that invest in <
= of applications funded : / 4 aor children & young people's a
iS= ofpoverty professionals worsen sawdue to P 4 sabe 2 eeee present & future lives °m4
< £1,750 cost-of-living increases as oe ee : <
z average grant value eS ne ne 1 WE SUPPORT Children & young z
4 we | people livingin z
y=)4 = Eiits Be Kane2 ae {__ poverty & crisis <>°
b ne. be
.~~ ‘ “a +e 28
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°
SS” Je
ACHIEVEMENT, PERFORMANCE | FF. +
3 4 ,, ‘
& PLANS FOR THE FUTURE a >E < | 3
#.
Achievements against 2024/25 aims and objectives. 5 :
We set the following goals to further our 2020-25 strategy:
J ee i ~
a) Chances for Children 2.0 b) Co-production & Accountability d) Income Growth { ‘ a
We will deliver 3,000 Chances for Children grants, We will recruit at least x10 young people to the We will raise funds to ensure the total available —_ :qj - }
supporting 5,500 children, with a budget of £5m . Buttle UK Youth Group and develop and embed to spen d on Chances for Children Grants (CCG) . ght %
We will review our Chances for Children criteria a model for co-production at Buttle UK to engage in 2024 - 25 is £5m (fundraising income + £500k ph
and application process to ensure our system is all teams in their day - to - day work. Stepping Up Funds) and target £2 . 5m income \
administrativeWemost will effective, also support burdenefficient, 55 on young referrersequitable, people is and reduced through that the . our > WeAdvisoryco-designed and Panel with young recruitedpeople for .t Wehe nowYouth indevelplans non forop -L andottery High activate Value funds and our for Individual2025fundra -2 is6 . ingWeGiving investmentwill (basedalso N.
Pe Suppo r t for Boarding programme with a budg e t of have 13 members on our Youth Advisory on approval by the Board ofTrustees).
S £800k. Additionally, we will continue our Multi-Year Panel; four ar e former boarders and the rest \ S
Ir Grants pilot (Y2) and complete Year 1 (following CCG grantees. We are finalising Buttle UK's > Fundraising income rec e ived in the year was
° on from our pilot) of our co-produced Gendered co-production model with our strategy group above target by £280k. This included raisin g
x SmallwoodPoverty Progra Trustm . me with Turn2Us and andand young guidance people for staff and haveto implement created tools this £367k for our Support for Boarding grants; . \
a > We have supported 6,902 children target set in 2022, standing at £12 . 7m . This =
a and young people this year (compared > We have recruited over 200 people to ; is areal achievement with our Campaign -_
Zz workers, parents and carers . fundraising campaigns this year. a
uw > By reaching these numbers, we have Fa
o successfully achieved our 2020 - 25 strategic . Chey
Ww to atotal of 6,364 in 2023-24). ourAdvisory Network including frontline Board of volunteers completing two incredible q ¢
ui target of reaching over 25,000 children and c) Collaboration e) Know, Learn, Lead = ¥
w young people with our grants since April 2020 . We will co - create our new strategy engaging key We will develop a staff committee where staff ,
bE This is a phenomenal achievement! We have stakeholder groups in this process including staff, representatives from across teams can feed into
a currently supported 27,692 children and trustees, Buttle UK's Youth Group and Advisory discussions around employment, pay and benefits -
= young people in this period. Network, funders and sector partners . We will use at Buttle UK . We will create a safer recruitment,
E > We completed our second year (of five y our data to build partnerships and advocate for induction, and training plan for all staff and support
FE z ; : ; children and young people in crisis and poverty the offic e- based team to move into a new
W ears) of testing our ‘Multi-year grants’ offer. in this election year. working space
2 This began in 2023/2024 with a spend of , ’ =
5} £2,224. In 2024/2025 this increased to > We developed our new organisational strategy > We continue to score highly in our annual staff
2 £26,493 and supported 25 families . for 2025 - 30 in collaboration with a range survey, whilst reviewing the key elements for Z
$ (In 2025/2026 this now has its own separate of [internal][ and] [external] [key][ stakeholders] [.] improvement to support our teams . =
= budget with £130,000 allocated to it).
a > Our Chief Executive is the chair of the > Wehave developeda staff committee where a
z > |n 2024/25 we have spent over £5.5m through End Child Poverty Coalition. In 2024, we staff representatives from across teams can z
< our grants programmes . This has included took a lead role with the government's feed into discussions around employment, <
E delivery of £500k from our ‘Stepping up" Child Poverty Unit to support the creation pay and benefits . 3
° fund to support in the cost -o f-living crisis. of achild poverty strategy set to be se)
ti £5m was spent on Chances for Children announced in Autumn 2025 . We have also > We understand the diversity and expertise of in
= grants, £524k on Support for Boarding grants worked alongside coalition members to push our Trustees (shared externally) and staff team / , r
z for 59 boarders and a further £100k on our for the abolition of the two-child limit which and will continue to review this annually . + z
3 collaborative gendered poverty programme affects so many of the families we work with . 2
z with Turn2Us and Smallwood Trust. This is the Zz
< highest Chances for Children grants budget > In 2024, we began collaborating with the =<
s we have delivered in any year so far . Domestic Abuse Commissioner's Office . We S
w readily shared our data and joined the steering wi
z group to help unlock support for children who -
E have experienced domestic abuse. S
r) i)
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8 9 CASE STUDIES BUTTLE UK’S EQUITY, DIVERSITY THE DIFFERENCE Ourjourney to become inclusive by instinct. i y Our vision for this strategy is that our Trustees and[Staff] will have a deep understanding of awareness EDI, the selfALEX, LUKE AN D CHARLIE ya ge og ofhow it relates to the organisation's work and systems we work in. We will have a continued ’ hag wy \ Yt = process ofengagement, reflection and action taken for progression. We will become inclusive by instinct ~~.~~ Life has never been particularly easy for Maz and her i \ \ Our annual Business Plan sets specific goals for the year to ensure constant reflection on improvements 3 children Alex (11), Luke (8) and Charlie (6) ~~.~~ For all of A ANY and identifies areas that need further support. the children’s lives, their father was abusive and they i SY i regularly witnessed him physically and emotionally : i The below highlights our work against these goals in 2024 ~~-2~~ 5: abusing Maz ~~.~~ He would shout at the children alot, ln leaving them very anxious at home and they felt like : iS represent1, We will become the communities inclusive by we instinct aim to support: and ingroupsprevious that grant may ~~h-~~ makingave be ~~.e~~ nFurthermore, under-representedthe theywas homewere ~~. t~~ reading on eggshells whenever Dad } } oirs) N Buttle UK has focused on embedding EDI into our organisation regularly carries out detailed reviews . ! * N © core operations ~~.~~ New and significantly updated of the diversity of the children and young people we Maz packed up and moved to a refuge with the boys eee. Ria © a< organisationalner policies,erincluding. our Staff Handbook, support tth through h our gra' nt-makingaking andand we sharehare thithis quite| far from home to have a fresh: start. All of the : uN\ az = are actively being reviewed with an EDI lens, and with trustees in our quarterly papers and our annual children have had to leave their schools and had to = a we have utilised the Equality Impact Assessment impact report. wait a little while for a place at anew school, which a ba) : . Lk has impacted their education ~~.~~ The boys struggle / nm tna process to. identify. and address potential blind spots 3 ~~.~~ Holding. ourselves to account and sharingto open up and talk about the abuse. \ x aWw [a uelrep Tals Pease and Patels}relinantse Furthermore, our EDI challenges and achievements with others: ) \ a a AR workee anelele and training Buttle UK is dedicated to accountability and Since moving to the refuge, the children have , ax a we now incorporates an EDI lens, with standard EDI creamer aitveine tiara fieslaol ewan the rey started to make friends ~~.~~ Alex has settled in at anew * 4 w <a training for newstaff and refreshers, alongside workin tou ‘s sctivel discucein Yad modellin secondary school in the area and Maz is engaging < ) discussions on values, our EDI strategy, and our how its EDI work can be effectivel ‘shared both ’ with support. The boys have all had support from R ~ Ss code of conduct. A diversity survey for the Trustee wofnfmitatcragel leet snd externall att a domesticabuse specialist to help them talk about ] ) Wi carriedboard, includingout. The co-optedestablishment members, of has also been Leholderet i - nay what has happened to them and their mum and / 5 eS with representation from the EDI workinga Staff Committee, group, andstakeholders impact. The in ar t ea sm likeis actively grants, explofund r aising,ing ways they have received a Chances for Children Grant. cr| ZN z=Wi E further strengthens internal inclusivity and broadens to broaden these conversations beyond the EDI ; . . i Z S Ee En representation across the staff team ~~.~~ teamWorkingmeetings Group ~~,.~~ Toencouraging wider foster this, staff engagementmembers have in With. their grant,. the boys have | nE oOeS ~~Fi~~ childrenfrom2. Improve our and grants: the young access people and experience of that could benefit topics,initiativestarted with deliver aims trustees toin buildg “lunch also knowledge and encouraged learn” and encourag sessionsto attend on ~~.~~ eEDIThis canreceived get out, a bike exercise eachH so and they play | SA— (Ss) ~~z~~ z rsz This goal closely aligns with the work we are doing dialogue across the organisation.Our Trustees are together with other children. ~~S~~ [a] within our co-producti ~~on~~ and accounta ~~bi~~ lity focus, accountable for ensuring that the organisation has . rs z< ofrecruited our strategy. and inductedIn 2024 our ~~-2~~ 5 we Youth have Advisory co ~~-~~ created Panel who appropriateplace to GINSUIRS structures, that EDl processes.is embedded and.into resources Buttle UKin Theyto keep up have each with. their received° school a tablet work az< bE have worked with us, amongst other stakeholders, to and monitor progress through Buttle UK's annual bk ° develop our new strategy ~~.~~ We have also established business plan ~~.~~ Please do read more about our EDI and play games at home. 3 a. our Advisor Network and have over 200 members Str ~~at~~ egy via https://buttleuk.org/equity-diversitya.
10
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10 11
Through our grant-making Through our Chances for Children grants, the
MARIA AND ISABELLA : - in 2024/25: top 10 itemswe funded are in the [table] [below] [.]
Maria. a . a - x = . HOME APPLIANCES
abuseand her daught er Isabella (2) fled domestic sires “tg We supported 6,902 children
2023. from Maria's ex- partner to a refuge in July ws _| . i 950: £172.557
in March They2024.thenSadly, movedIsabella into a has private been rented traumatised tenancy i JM eT /= e xfrom witness i ng the abuse to her mum and shows fear | a me \( / if VPS Between 1 April 2024 and 31 March 2025, we funded\. te= a7 - z
tomers men. She has alsoane salad j ji a |\( { on Support for Bocrcing rante se wellse £100,000 FURNITURE & HOME FURNISHING\
Mariath is keen for Isabella to attend a nursery setting to: AN1 , srotal of: CESOK mirefunds: wie received back onarants = ; items ;\
a csfe anddt annieixi snikeentUaeranpeey,,ith oth dult: d child ‘ awarded in* 2024 -2 025. This is unadjusted for in the a\
there are no nursery places currently available within i. & ‘ accounts in the accounts as immaterial. Funding of the LAPTOP/TABLET\
the local area so Isabella mainly stays at home . a ie Gendered poverty programme in Middlesbrough was put\
- =" a. . : : oo\
nNSJ The refuge applied for Maria and Isabella to receive a aSSuate towards supportfamilies and childrenfor co-production in the area and activity, project grant costs s for 2,719 items £693,692 Ss\
> Chances for Children grant . Some of the funding has A a Ry | cee Against our main areas of impact, we awarded: °
oa bedding and
6)= abeen dedicated used to spacea tableset them to and play u c p.h airsiShen their has setnew so also Isabellahome, received providing has a - = :SSS > £2.281.397; ; . Le BEDS & 1,761BEDDING items £463,881 ox$o
o scooter and helmet and toys, books and games to (ek towards education, training and o
Wwa grantsabeeshaseeebeen used forsometrips . to softus eiballinesplay and dance of the (; f employment (this. included £524k T ., T aWw
Ww5 andclasses, socialise whichin will otherencourage environments Isabella awayto explore, from home play . \WW. towards boarding school fees) C HIL DREN’S CLOTHES; & FOOTWEAR uwQ
z SS > £1,934,787 [U 2055iem: 52,526 |
= Maria tells us clbewitidine difference this grant has made S&S == towards safe and equipped homes ¥
wn to her daughter's wellbeing: _ »~ =e wn
FE a oe eS ; TOYS, BOOKS & GAMES FE
rf “The grant significantly improved our home , . > £1,277,387 a
a environment, especially with items that il ' towards social and emotional wellbeing 2,460 items £397,466 a
< support both comfort and learning for Isabella. Fa
a The learning tower and table set have been = ad =| | For Chances for Children grants only, we awarded: WHITE GooDs a
= invaluable, allowing her to engage in various Knees 9 =
5z hands-on activitiesom safely and at her level. =ae ‘Fa Poms = > 39.69% . O, 1,023 items. £255,061 z<
< . see roe towards safe and equipped homes <
ire z The bedding from Panda London also adds to |pa
&ay space.her snot Additionally,ane helpstheene Disney ac t o yszy, and restfulAmazon eS: a= / nicli > towards34.24%0 education SCHOOL UNIFORM z5ir
bE books have enriched herplaytime and early ae a AT (; = training and l ; 1,357 items £230,822 E
4 _ ; . Be ae ee | g and employment ‘
"I learning right at home, makingme the environment aes \ \ 4
‘ both educationalived for these and enjoyable.it The support ESS se eee oe ae y uw
< has trul “ pp8S 6ae > 26.07% ; ; ; SOCIAL ACTIVITY/DAYS OUT “
z homewe received more engagingTor these and Items nurturinghas truly forma her.cour aeSEE iceFiscai ae feo towards social and emotional wellbeing <
< eeestt eeSeeon The average Chances for Children ie 2,326 items £429,291 z<
4 TS 4
2 Note: names have been changed to protect anonymity . grant awarded was £1,750. CARPETING & FLOORING >
= -
iE 583 items £185,846 5
r) fo)
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12 e a" .
7=) 13
e “— IMPACT AND
SUPPORT “ ' EVALUATION
FO [Re BOARD | IN]G ~~: Between April 2024 and March 2025, we received 628 responses to the routine
» evaluation survey sent to families 3 months after their grant, and a further 54
EVALUAT |OIN a”» ' from32% respons young p e oplrat e f orrothm invitede same applicants, time period.re Thsp ctively e se rep .r esenFor t his a strong report, 25% we are and
will share wider data from the referrer and 6 - month surveys .
- sharing data from the 3-month survey only, but the upcomi ng Impact Report
Anumber ofchanges facing the boarding landscape led “ , .
us to pause new applications in 2024/25 and undertake a ’ The data below reflects responses to the core questions we ask around our
areview comprehensive of [the][ programme] review, [.] Buttle [After] UK [ careful] has made [consideration] the decision [ and] - Ki tocurrent make. Theory Though of we Change, actuallyexploringgive respondentsthe improvements 6 options, we rangingintend fromour grants ‘It has
to close our Boarding School Programme to new applicants : ; = ~ got worse’ to ‘Improved a lot’, there are three increments exploring the extent
as of September 2025 . A combination of [factors,] [including] r Z ofimprovement. They are grouped here for brevity, to create scores that show
increasing costs and a decreasing number of schools i t i simply how many households indicate improvement overall.
wo ableto meet the specific needs ofthe children we aim to MYoe J q
nN support has made the program me operationally complex mi Same Family wo
a andhighlighted resource that intensive the programme's to deliver. Additionally, geographical reach the review ¥ 3oS 2023 - 24 2024 - 25 anN
5 was becoming increasingly concentrated, impacting our a Reported three months % ofrespondents % cinerea 5
commitment to equitable support across all four nations. — a oe 2 after the grant improvenont imorcoment
= Weare incredibly proud ofthe positive impact this q — ae — \ \ . . =
m programme has had on so many young lives, and we \ if Wellbeing — anxiety/unhappy 95% 2326 ™
[ay remain committed to supporting those in need as they ba) Wellbeing — sel f- confidence 95% 93% a
A work towards a brighter future. We will continue to if hi Wellbeing — physical activity 91% 93% A
4 support the young people currently in the programme ™ | g 2
w until they have completed their education, which will 4 | J : Wellbeing — friendships 88% 88% w
s span approximately the next five years . } j i : Wellbeing - behaviour 89% 86% s
io The phasing out and ultimate closure ofthe Boarding =A p < Fa Education 90% 90% a
E Support programme will allow us to strategically allocate 5 \ Recess WOR iNTiTs 95% 88% EC
Ww our resources, aligning with the development of our \ I ~ 2 4)\ Ww
FE tackling the systemic challenges that keep children . 3] 3] Home — playing and relaxing 95% 97% FE
z new, programmatic work. This approach will focus on - ¢ Pe i Home - physical environment 98% 95% =
Fs trapped in cycles of poverty, aiming to support those = _ . . . > ° Fa
“ with the most profound needs through deeper, longer my y | a; 2 F Family Relationships 95% 96% 4
= term interventions. eo / tec j — Parent Coping 89% 93% a
z In 2024/25, we funded £524k of support 46 students i . y) i z
$ in full in boarding schools . Our funding was matched by { i The scores were very positive, with particular areas of strength being $
= az alsobursariesSpringboard’sprovided funding from Looked boarding Afteralongside schools;and Vulnerabboth and forschools 13 l e Children pupils,and Royal we \ . _—.= \ & i\ A7 areimprovementscoping, commonly and impact areas to the on where home anxiety, our environment,unhappiness grants make capacity and a strong family to impact play relationships andyear-on relax, . -parentTheseyear, = az
= programme, giving an additional £83,000 . Our support - and this can be witnessed in the slight increases in reported improvement for =
x contributes to the cost of fees, boarding, school uniforms, 1 — ae “NR, these areas. This is hugely positive in light of much hard work undertaken to a“
4 trips and extra -c urricular activities. 6 pupils left in July »\ Si ; increase the speed of our grant delivery, and fin e- tuning not only what items 4
uw 2025 after taking GCSEs and A Levels . 4 me .. Nags a we deliver, but how they are delivered, to ensure they are holistic to each wl
4 White, Beene individual family's needs. 4
< Mii a ets . <
3 e DeSia Wee However, some improvements are not as strong as the same measures 3
S | . —~ 3 prepa in 2023 -2 4, which themselves followed years of gradual increases. The Zz
< "ee a proportion offamilies reporting improvement to their child's behaviour has <
< am Neh a \ fallen 3 percentage points . More worryingly, access to activities has fallen by s
w " ee 3 Oe 7 percentage points. There was also a fall of 3 percentage points for rates of wi
z ele, ee Ne improvement to the home environment, which is typically our very strongest z
be a ‘e ee: area . These speak to our concerns around the potential impact of the wider be
2 . ae ~ Ue context that our grants are landing in and highlight the fact that we must 2
+” > foe
a ee - Bij.
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15
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- ——-
14 consider the lived experiences of these households in the current climate. ‘(iy
As we have previously emphasised in our Growing up in Poverty and State of , eS =
Child Poverty reports in 2024, we are acutely aware of the significant barriers f “al
to wellbeing, education and support that the cost -o f-living crisis is presenting. " =
We predicted at the time of writing, based on the responses we received to ee. é..
those research surveys, that our impact may well be limited as long as families ‘
do not have their basic needs being met. It is hard to land grants offering items
and activities where physiological needs (warmth, food, hygiene) are still
unmet. Though our scores have remained largely steady, we are cautiously ;
ellthatvoce.i tisIS SEBstill MERLINGti a COINili WNETEh thLNESE OUISIGEtside factTACtors | a,ery 4 In 2025, we embark on a new strategic. period. guided. by our visiona
P , ee j that poverty and crisis does not define a child's future . Despite
Estranged Young People (EYP) - iaeo | thea persistent UK being and one growingofthe wealthiest crisis, affecting nations, over child 4.5 poverty million children remains .
eg = Our approachwill focus on three core areas:
KEY OUTCOMES 2023 - 24 2024 - 25 Reported three months “wihoraported ““horeporied } Ke SSR. A f \ Wa. 1. Delivering Impactful Grants\
after the grant ETO Taprocament ; , = -. eee \ \ Providing rapid and critical support to children\
Wellbeing , ye ‘ Ny ” hs Fs as 4 \ oe iy and families, while developing deeper, long-term\
— anxiety/unhappy 82% 87% ’ AP ee y ; / Z "a s \ ae interventions for those facing the most significant\
Wellbeing - sel f- confidence 89% 88% = MFA | yt \ c challenges.\
Wellbeing — physical activity 94% 93% : JMie, ‘ 1 ae 4\ N \ 2. Amplifying Our Voice for Change\
Wellbeing —f riendshins 94% 91%\
ln hig \ Ne ‘Ae SN A . Using our unique data, insights, and lived experiences\
» g P HPs NAN Sa A Si > to influence policymakers, funders, and other ln
N Education a 91% 96% i WS\ ia TAR \ stakeholders in tackling the root causes of child poverty. SsN
3 Access to activities 98% 89% ' ) s te 3. Harnessing the Power of Our Resources 5
a Home — physical environment 90% 87% , ~~ Strengthening our financial model to ensure na
$ : long-term sustainability, allowing us to expand $
um We saw strong scores in most areas for Estranged Young People (EYP). The - : our support and influence. m
a strongest of these was education, with 96% of respondents indicating that ~ For more information on our new strategy please read here. a
A they had experienced improvement . This is an area of particular importance A
Zz for EYPs, given the huge challenges they have with engaging with their = Zz
~ education. It has even increased by 5 percentage points since the same ~
< measure last year, as has the improvement score for anxiety/unhappiness. ’ Delivering our Strategy in Year 1 <
i. There were declines by several percentage points for three key areas; access pre & e, ad eps Our Focus in 2025/26 i.
a to activities fell by 9 percentage points, and the home environment and et Ee
Z friendships by 3 percentage points each. This isa concern, and reflects the : OBJECTIVE 1 Fr
ha= challenging contextual factors experienced forfam il ies too. It ma y be that - 4-_— Deli ing | tful G t =
z these areas are particularly vulnerable to the cost-of-living crisis. While these ww,t ‘ etivering Impactrut Grants ha
Cy arechanges still high we spot per ce. Theyntages highl of i ghtmprovement, the importancewe will of keepusing analysing our platform the subtl to k e ep - ra In Year 1 we will further this objective by: zwn
z campaigning for change and advocating for better support for households in A > Efficiently distributing at least £5 . 6 million in Chances z
rs} poverty, in order to support us to deliver more impactful grants in turn . ‘ for Children funding, including boarding and Multi-Year rs}
z | - Grants (MYG) . 3
z All awards by ethnicity, 1 April 2024 - 31March 2025 Rot : tt > Adapting our impact and evaluation (I&E) framework z
uo = a to our new Theory of Change, ensuring we effectively ue
2 ETHNICITY NOS % AWARDS ‘ measure how we meet immediate needs . 2
fo}3 Black, Black British,cas Caribbean. or African. 354 13%9, = = &e és collaboratinglonger-term support, with youngscoping people existing to defineprovision, how Buttle and UK °a\
a Asian or Asian British 242 9% j = k r ‘i ‘a can best provide deeper, more impactful assistance . 4\
$ Other White 225 8% > SS ‘¢ A a > Critically reviewing the equity of our grant-making, $s
z Mixed or Multiple ethnic groups 118 4% S$ yet \ ae ‘Yous including diversifying our referrer base and increasing z
z — x SR ‘ . ny transparency by publishing and reviewing the impact z
¥ Other ethnic groups 111 4% A \ peaaree 4 ae of our grant crisis definitions . ¥
> Not disclosed 28 1% Z cee . >
Ww OselSEloes o iy, Sa all vl These efforts aim to ensure our support reaches those who need it most, Ww
z Missing 6 0% Bhi ee saul” maximizing our positive impact on the lives of vulnerable young people. z
kb _ 5
FsD> TOTAL 2,787 100% dyBG:fy " . ‘Se . . ae. sii D>Fs
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16
17
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OBJECTIVE 2
Amplifying our Voice for Change
In Year 1 we will further this objective through: F | NAN C |A |
> Developing and strengthening our brand, positioning
us as both a critical provider of direct grant support
> Creatinganda leadi a n gew advocate Theory offorChangesystemic change that effectively. REV | EW
captures and communicates how all our work
contributes to making a difference . Total income for 2024 - 25 was £3.19m compared At year end, total funds stood at £67.55m (2023 -
This approach aims to amplify our voice and influence to drive broader to £12. 89 m in 2023-24. The incom e of £12.89m 24: £72.75m). Thi s comprised endowment funds
change and improve the lives of children and young people in poverty . for 2023-24 included af£10m multi-grant award of £59 . 81m (2023-24: £61 . 20m), restricted funds
from the National Lottery Community Fund for of £5 . 41m (2023 - 2024: £8.81m), designated funds
periods between 2023 and 2028. Excluding the of £0 . 64m (2023 -2 4: £1.06m) and general funds of
Ya) OBJECTIVE 3 £10m grant, 2024 - 2025 total income represents £1 . 69m (2023 -2 4: £1 . 69m) . Pe)
3 Harness the power of our resources an increase of 9% on 2023 - 24 levels . £1 . 21m of : : s
N total income for the year relates to investment Further details of funds held are set ouuin the “
5 In Year 1 we will further this objective through: income on our endowment and interest on our Reserves Policy section on pg . 19 of this report. a
o
$ > Developing. and implementing. . a robust financial. bank accounts S=
5 model: This model will strategically combine diversified We continue to strengthen our fundraising oJ
» fundraising income streams with our endowment to activities to enable us sustainably carry out the ° ° ™
a strengthen our long-lasting impact on children and delivery of our grant-making, research and other Principal Donors 2024-25 a
9 young people facing the greatest challenges. activities which positively impact the lives of the Ss
~ > Reviewing our investment holdings and managers: children and RINSEyoung people we support.a REGEN EDIN ECE AMOUNT(€'000) ~
Pi We will actively research how our investments can Expenditure for 2024-25 totalled £7 . 79m (2023- Michael Cornish Charitable Trust 200 a
> create a greater impact aligned with our vision, ensuring 24: £7 . 78m) including £6 . 57m spent on grant - >
w responsible and effective resource utilisation. making activities (2023-24: £6 . 38m) representing Beacon Owl Trust 200 ra
Zz . . . thie: a 3% increase in gran t- making expenditure in Garfield Weston Foundation 175 z
w > exploring alternativefunding models: ms imeuces the year. This higher level of awards reflects the 2
hr] Sonstions. ones arae g! ww in tricted continued high demand for Buttle UK services Talent Fund 105 Tj
E onatlons anda COre-cost MOGe’ LO SUPPOFE UNFestricte .) to our grantees . The Cyril Taylor Charitable Foundation 120 E
E fundraising, broadening our funding base and ensuring Py t ; ; E
“ financial resilience . : i Our spend on raising funds during the year stood Graphite Capital 114 ”
rs}z< > Creating. collaborativea internal partnerships:. Cross-team - wheat £0n. we79m, made a decrease signifi, fromcant inv £0e.stments98m in 2023 in our-24 The Kavod Trust: 100 5} <
$ collaborationinfrastructure will and bea clear fostered strategy, to develop optimisingjoined-upresourceIT a I- fundraising activities CazeAsto n oveWood Capital Golf Club 8759 z=
< allocation and operational efficiency. The Trustees transferred £1.69m from the Colinc h 50 irs
fa)z Saf i We will fi * , unapplied return of the endowment fund (202 3 - coun Lrawshaw fa)
EK > Sa honah ing our N iv ea ty ewl engage a 24: £2.75m) to support our operational costs and The Clothworkers' Foundation 40 &
& stakehoensure l dersong-termin multi sustainability-year nancial and planni respo n sibleg to ~ grantsupport-makin our g rant in linmae withking and our operational charitable activities model to . Tira Seinadlap Rauadknitan 40 E5
a stewardship of our resources. Details of our gran t- making expenditure are Eleanor Hamilton Educational Trust 30 oO
ul : : : ul
4 By effectively harnessing our resources, we aim to create included in notes 5 and 6 of this report. 4
a asecure foundation for Buttle UK's future, enabling us to Fi
=) continue providing vital support to vulnerable young people . i)
z
“ Va <
> >» >> ~ =)
EewiI= : wiaFe=
=) =)
[) a
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19
18 Investments ESG and Carbon & investment policy investment policy policy The Trustees take Trustees take their responsibilities as stewards
Reserves
& investment policy investment policy policy The Trustees take Trustees take their responsibilities as stewards The Trustees have determined that Buttle UK will The Trustees have therefore concluded that of the Charity’s assets seriously and strive to appoint hold the equivalent of three monthsofour core Buttle UK remains and will continue as a going investment managers who invest responsibly in planned operational costs as free reserves toenable = Concern over the next twelve months from the The principal investment objective of the keeping with the Charity’s beliefs. This entails both flexibility in organisational or grant expenditure if a date ofsigning of[this][report] ~~[.]~~ Endowment is to generate sufficient return from excluding certain sectors, and ongoing engagement critical situation arises ~~.~~ We have selected the level of a combination of income and long-term capital within sectors and with individual companies. The reserves after taking account of the most significant Risk management growth within an acceptable level of risk such that Trustees encourage their managers to engage with risks in our risk register and the future commitment the real capital value is maintained whilst allowing companies on issues that support our charitable to children in our Support for Boarding programme The Trustees have considered the significant risks the Charity to fulfil its grant giving obligations. beliefs ~~.~~ who may have awards granted to them overaperiod to which the Charity is exposed, have a process of ; ; ; of[five][ years] ~~[.]~~[ Our][ reserves][will][help][ to][ ensure][ that] regularly reviewing those risks and have established The Charity adopts a total return approach to its The Trustees recognise the ongoing climate change our invested funds can continue to drive long term systems and processes to manage them. They are of Endowment Fund generating the investment return crisis and advocate active ownership and engagement growth to support the next generation of[children] the view that an appropriate control framework is in from income and capital. The Trustees regularly rather than disinvestment asa general principle ~~.~~ This and young people's wellbeing and capacity to place, recognising that no system of internal control review the level of the sums that are withdrawn applies especially with regard to fossil fuels as the large engage in education. The level of free reserves can provide absolute assurance of elimination of risk. each year ~~.~~ The purposeofthis review is to ensure oil and gas companies are the biggest contributors held will be subject to annual review ~~.~~ Based on - ; ae . that, if the total return over a rolling 3 ~~-~~ year both to the ongoing exploitation of natural resources planned expenditure, our target free reserves The highest risks and mitigations are summarised as period is insufficient to meet the grant making as well as being oneofthe biggest investors in level is £1 ~~.~~ 027m ~~.~~ follows: expenditure, the level of withdrawal isnot suchthat renewable energy infrastructure. Both of our managers (a) Financial - The investment portfolio is mi 4 it might hinder the Endowment in the long term are signatories to the UN's Principles of Responsible The Endowment Fund is the Charity’s principal a) Financial ~ tne investment portrollo Is mismanage and impact the real value, in contravention of the Investment ~~.~~ asset and stands at £59.8m in the balance sheet ~~.~~ or there are serious adverse conditions in the market, io investment objective. The overall investment policy Th t ¢ ts of th 4 t that In addition, restricted reserves stand at £5.408m. pen ~~e~~ capital value and income are seriously Ss ismedium to maximise level of long term total return, acceptinga Invested in funds that pursued. focucenanhanced All restricted funds, including the £4.5m balance . io * risk, such that the real capital value ESG criteria remained stable as at 31 March 2025 from the National Lottery Community Fund, are Buttle UK employs respected investme ~~nt~~ managers, Ss rs} itsis maintained charitable objectives. whilstallowingIn 2024 the ~~- C~~ 2025harity to we did fulfil not . fundersrestricted and for not specific available for purposes the set general out by purposesthe ps e lectedrformance throughis assessed a competitive against process benchmarks. Their by the rs} = produce a return that outpaced our investment Total return of the charity. Finance and Investment Committee ona regular basis = =a target9 annualisedve returna of 3.5%+CPI.¥ Followinwg In 2006, the Charity Commission granted Buttle UK Designated Funds of £635k includes £500k which iincludingi at face- ~~-~~ toto- ~~-~~ face meetingsi . An analysisi ofthe = ba a transfer' of unappliedF returns of £1.69m to use a total return’ order,y permitting the9 spending of the will, be spent on Chances for Children. Grants by investment management: contracts, : is commissio; ned. ba)a a as operational expenditure, the total value of the lied total ret , Fits end ba with th March 2026 every five years with a review taking place in 2025 ~~.~~ Risks a w endowment has dropped by 2% compared to prior here. re sitility sh ‘ msen the need ’ . wi e 4 associated with major stock market fluctuations are w Zz ye ~~ar~~ . Investment income from for the year and fat, ane " ye atancing ; eneeas © f ~~i~~ nes h The level of unrestricted free reserves at the unavoidable ~~.~~ The policy on liquid funds would ensure z Wl re-invested stood at £1 ~~.~~ 213m which is an increase te
20 consultancy ~~.~~ However, the grants database is run Governance to Buttle UK with the best support we can provide ~~.~~ All staff have taken part in basic online safeguarding 21 by acompany largely reliant ona single person and We will be recruiting a new Chair to our Board of training and also received internal training from the we still have risk in this area that we are seeking to Buttle UK's Scheme provides for a minimum of eight Trustees in the year ahead and this will follow the safeguarding team on our new policy and procedures. mitigate. We started a database future ~~-~~ proofing Trustees and a maximumoftwenty. The current twelve same process, opening the opportunity up to Trustees also completed an online training course exercise in Feb 2024 to complete actions to mitigate | Trustees provide substantial support and advice to current trustees and external candidates. and we have appointed a lead safeguarding trustee ~~.~~ this risk on an ongoing basis. We aim for completion the work of the Charity through Board meetings and , : a. ; We implemented quarterly safeguarding team of the first stage of this project, which willincludean | Committee Meetings ~~.~~ We reviewed and updated our It 's recognised that Trustees have differing skills and meetings, a review cycle and regular updates to staff update to the front-end of our database and detailed | committee structure in 2024 and these are listed below: time commitments, and thatour governance model —and trustees. Safeguarding concerns are reported at documentation of the system, by the end of the first : should allow flexibility in helping Trustees to offer every Trustee meeting and reviewed, as necessary, in half of 2025-26. * Governance. & Workplace Committee. these skis and time inane ~~we~~ y that fits their needs Committees. We also maintain robust and transparent (d) as well as our organisation's. here are anumber recruitment practices, including comprehensive to Operational - Grant prog ~~r~~ ammes become open * Finance & Investment Committee of functions and roles that Trustees are invited to Disclosure and Barring Service (DBS) checks. wholesale fraud and abuse ~~.~~ * Grants Committee contribute to, including the development ofour Our . . strategy, the policy of our grant giving programmes, Anyone within the organisation can raise a concern by main payment method, prepaid cards, have Trustees acknowledge that governance is nota role for the overseeing of projects, support in developing talking to the DSL or DSOs and completing an internal controls on them to help us manage risk and mIsuse ~~.~~ Trustees alone; it includes the way the Trustees work partnerships to enhance our work, support for our form. If someone outside the organisation wants We have put in place and retained more due diligence With the Chief Executive and staff to ensure that the fundraising activities, audit, finance andinvestment, — toreport a safeguarding concern about a Buttle UK and controls to monitor and manage risk ~~.~~ The Charity is effectively and properly run and meets the and governance ~~.~~ member of staff and/or Trustee or activity they can mitigatingthatmanagers aat agenciesecencia. includeare aware Soran: of grants netawarded,the im quality serviceneeds: of the: communities ~~.~~ The Trustees confirm we work with they through have due a good, Fundraisingce disclosure. email Safeguarding@buttleuk. ~~o~~ rg. me gran een are informed of grant regard to the Charity Governance Code and have used g Management ofan on ch oeresived irreculaeit a ad that roceints this to make significant improvements in our governance Fundraising at Buttle UK is undertaken by the internal in area el nae ed. We ine e wa lace due P in 2024-25 including sharing annual board and committee fundraising team, and a volunteer committee (the The Chief Executive, who is accountable to the sa dilhow9g a to respond fon allaandPP9 li managecations plu:vlmisspend,interalmisuse9idence and on aplans clear ona viewrolling of[discu] ba s is[sions] for the year[ set][ by][ Trustees] ahead ~~so[.]~~ that there is ChanceTrustee s for. regularly Childrenoereview Campaign the guid Bo a woencerd). produced The Boardofby ‘TrusteeUK's strategic objectives, Board, is responsible annual for thebusiness deliveryplan of andButtle inSal 5 fraud, All Grants Development Officers (GDOs) are . the Charity Commission on fundraising (CC20) and related performance management processes through ox< givenhon ntr ~~Fr~~ iningaining onon theimtne importanceP rtance orof Due bug Diligenmulgence trusteeNo weebsoardaalthoughremuneratedexpenses for ‘reir rolesfor travel onare ‘ne paid iig thisare satisfied guidance ~~.th~~ at Buttle UK's practices conform with theon progression staff group. Boardof the membersorganisation's are keptbusiness up to plan date 5a = and. anti-aoefraud actions. We limit new referrerstotwo —_requested ~~.~~ ; ; . . through the inclusion. . ofa tracker Fin the CEO's; report =< < ia) arelive continually applications reviewed at any time and updated. Checks and with controls the team ~~.~~ R ° . ° Pry ButtleFundraising UK is registeredRegulator, withincluding and subscribesthe Fundraisin to the in the quarterly board papers . qa) a Any investigationeee Caee into potential, fraud cases will‘ be ecruitment,° induction & training g of trustees Preferencegreg Service. We, are also9 signed up to the9 The Director of Grant Development leads the a a raised with the Chair and Deputy as soon as possible Buttle UK understands that a diverse board of[trustees] Telephone Preference Service. No failures have strategic development, and implementation of[our] a Z so an overview of the situation is understood ina can improve the discussions and decision-making on the been reported in respect to industry-recognised grant ~~-~~ making, co ~~-~~ production and related influencing Z ce timebound manner board ~~.~~ Our Trustee recruitment mirrors Buttle UK's staff fundraising standards in 2024-25. work, They will be the lead SMT member for the = haWi> Structure, governance candida recruitment: teste .b Anut process, this EDI remains monitoring activelyear separate seeking form is fromP a required diverse any: applic for groupe a tionch of ThereUK,ere or any personhave have bbeen no actingreportedonitsted: fail behalf,failures toby by complyButtlButtle setGrantsMarketing for the Committeenai yearis responsible and ~~.~~ providingThe: Director for raising supportisi of the Fundraising to incom; deliv e targetr and our haWi> z and management and is used to monitor the diversity of our applications to with fundraising standards or regulation. All staff Fundraising & Marketing team plan. The Director of z = ensure we can make improvements to our process where and volunteers representing the Charity for the . Finance and Operations supports the longer term = wl needed. A full recruitment pack is offered including purposes of[fundraising][have][either][ a][job][ description] strategic financial planning as well as works to ensure ul < Charitable status details of the role, the diversity of our board, the dates of and process of internal appraisal (in the case of that our systems are effective in supporting the < Hs all board meetings and our plans for the year ahead. staff) or clear terms of reference (in the case of Buttle UK team to deliver grants and raise income for 1 2 ~~=~~ Buttle UK is a registered charity for the benefit volunteers) There ~~a~~ e regular dieeianbetween our programmes ~~.~~ They are the day-to-day lead with ~~2 9~~ of children and young people, administered and Amixture of SMT, Trustees and young people interview volunteers and staff. As required by the Charity our investment managers, and liaison with Buttle UK's ~~=~~ z . a candidates, and the roles are advertised across a broad Commission guidance, Buttle UK has complied with 7 F v9 < managed in accordance with the rules of a Scheme Finance & Investment Committee. z y ~~z~~ made by the Secretary of State for Education and range of publications, websites and social media. A skills both available guidance and legislation to protect ~~<~~ ad Sci 26 March tort ded by Charit and diversity audit is carried out in advance ofrecruiting vulnerable people and other members ofthe public The Charity's pay progression process involves z fa) clence on arc 7as amended by Charity any trustee to the Board and updated annually. from behaviours which constitute an unreasonable reviewing the salaries ofall employees annually. The a 2 Commission Schemes dated 19 August 1972, 22 intrusi he ei bl d ; I staff lly fi [a) < February 1988, re26 October> 1993 andie? 5 September Trustees are recruited; for a period; of three years with; intrusionpersistent or places ona person'sundueprivacy, pressure are unreasonablyona person to onprocess three usedparts:to review all staff pay annually focuses z< k 2006 ~~.~~ Buttle UK is a registered charity in England an expectation that this would be renewed, so a six-year give money or other property. kb o and Wales under the Charity Commission and in term is usual, following which they will normally resign 1) Abenchmark review of similar job grades 3 a. Scotland under OSCR. The Charity Commission for from their roles ~~.~~ Renewal for a further term is possible in We ensure that our suppliers have an approach to in the charity sector every two to three years a. 4 Northern Ireland has begun registering charitiesbut —_extenuating circumstances but resignation must occur protecting people in vulnerable circumstances and a . 4 4 Buttle UK has not yet been called forward to apply for after nine years ~~.~~ insist on checking their policies in this regard as part 2) A cost of[living][(COL)][review,][based][ on] 4 $ registration. of the tendering process ~~.~~ a review of changes to the Consumer Price Index $ z Buttle UK's Trustee Succession Planning process (CPI) and charity sector COL benchmarking ~~.~~ < = . . considers a three ~~-~~ year time horizon and aims to improve . . P » Public benefit how we meet current skills/diversity gaps as current Safeguarding statement These wil ensure ne annually review the pay ; S > The Trustees confirm they have complied with the Trustee terms finish. and provides. a stronger induction/. . We have now hada full year of working with scalesin « onedorationof all our j o b fthegrades cost Seaga i nstn theFor sectorareateran > 4 i i the Charities A h learning period for an incoming trustee. Better planning : : 9.FOrg 4 z duty in section 17 of the Charities Act 2011 to have ; , ' our updated Safeguarding Policy. In 2024/25, transparency, pay scales for every job grade are Z E due regard to the public benefit guidance published also means that incoming Trustees - no matter their we launched our new safeguarding policy and shared with staf ~~f~~ E 2 by the Commission ~~.~~ background and previous experience —are welcomed procedures which are available on our website. 2
22 inFinally, their role,to ensure the thirdstaff part are rewarded of the process for competency includes: theSo far report as each is approved:of the Trustees is aware at the time Reference and RufferInvestment LLP Managers 23 3) A discussion with line managers as a part * There is no relevant audit information administrative details 80 Victoria Street of staff members’ annual appraisal in the last of which the Charity’s auditors are London, SW1E 5JL quarter of the year focusing on their level of unaware, and Registered Charity No: 313007 competency ~~.~~ This section of the appraisal is Scotland - SCO37997 Auditors also aimed to help staffto consider the Learning * The Trustees have taken all steps that & Development support we can provide to they ought to have taken to make ; Address: HaysMac LLP improve skills/ability where needed. themselves aware of any relevant audit 10 Queen Street Place information and to establish that the CC1 ~~.~~ 06 Workspace Kennington Park London, ECAR 1AG Statement of the Trustees5 auditors are awareofthis; information., 1-3 Brixton Road, SW9 6DE responsibilities andThe integrity Trustees are responsibleof the Charity and for financialthe maintenance information Trustees SolicitorsStone Kin9 The Trust ible f ina th theincluded United on Kingdom the Charity's governing website. theLegislation preparationin and Peter Orlov — Chair; 16 St Johns Lane e rustees are responsidie Tor preparing te dissemination offinancial statements may differ Mark Alexander London, EC1M 4BS Trustees’ report and the financial statements in from legislation in other jurisdictions ; : accordance with applicable law and United Kingdom 9 . Lucinda Baxte ~~r~~ — resigned 12 December 2024 Accounting Standards (United Kingdom Generally . Nigel Bolton Bankers Accepted Accounting Practice) ~~.~~ Auditors Chantelle Chamberlin ~~-r~~ esigned 12 December 2024 _ Virgin Money, 7 Gold Street, The law applicable to Charities in England and Wales, | HaysMac LLP have expressed their willingness Tania Cohen Northampton NN1 1EN ite) Scotland and Northern Ireland requires the Trustees to continue as the Charity's auditors Tracey Dwamenah — Deputy Chair
PeS yearto prepare which financial give a true. statements and fair view for of each the financialstate of. Approved by the Trustees on25 September 2025 ThomasinaClaire Hoyle Findlay — resigned 06 June 2024 Sgiva)a r affairs of the Charity and of the incoming resources and signed on their behalf by: ; ¥ r ° and application of resources of the Charity for that Mary O'Callaghan ° <x period. In preparing these financial statements, the Alex Tennant ~~—~~ resigned 12 December 2024 < = Trustees are required to: Harriet Ward = ~~» a~~ * select suitable accounting policies Shanti Kelemen -— appointed 12 December 2024 a Wu and then apply them consistently; Brian Mangwiro ~~—~~ appointed 12 December 2024 lu 9 Peter Orlov Chair of Trustees ~~—r~~ esigned 11 November 2025 9 Ww * observe the methods and principles . Ww ws>n * thatinmake the are judgements Charities reasonable SORP:and and estimates prudent; RDA{ ATimothyndrew Insley ManlyInsley ~~———a~~ appointedppointed 12D12 Decemberecember 2024 22 0 24 ws>n Ee Ee Wwz : . Key Management Personnel z z * sta tendards whet h erave applicable been followed, accounting subject Mark Alexander Trustee Chief Executive: Joseph Howes =Ww E to any material departures disclosed and E Ee explained in the financial statements; and Ee n Senior Management Team (SMT): n 4. is)a* preparethe financial statements on Director of Finance & Operations: ~~a~~ z the going concern basis unless it is Olu Lampejo (3)
<x ~~z~~ Ceei arity willP ricei continu vo pr e sumein operation. inet the AnalieseDirector ofDoctroveFundraising & Marketing: z ~~<xz~~ Ts Ts a The Trustees are responsible for keeping proper Director of Grants Development: a z accounting records that disclose with reasonable Clare McGread (resigned 28 March 2025) z = accuracy at any time the financial position of the Director of Grants Development: = [4 Charity and enable them to ensure that the financial Kamna Muralidharan (from 6 May 2025) [4 4 statements comply with the Charities Act 2011, 4 uw the Charity (Accounts and Reports) Regulations wl 4s 2008Charities and and the provisions Trustee Investment of the trust deed, (Scotland), the Act Professional. advisers. 4s Zz 2005, the Charities Accounts (Scotland) Regulations Investment Advisers & Manager Zz
z< 2006 (as amended) and the provisionsisi of the , BlackRock Investment Management UK Ltd z< x Charity's constitution ~~.~~ They are also responsible for Th A x > safeguarding the assets of the Charity and hence 12 Throgmorton Avenue =) uw for taking reasonable steps for the prevention and London, EC2N 2DL wl F detection offraud and other irregularities ~~.~~ F =) =) r) ca
24 Independent auditorH s3 report notBased identified on the work any material uncertainties we have performed, we relating have to thethe financial trustees statements and are responsible forfor the being preparation satisfied thatof * correspondenceEnquiries of management with regulators regarding and tax 25 to the trustees of Buttle UK events or conditions that, individually or collectively, they give a true and fair view, and for such internal authorities; may cast significant doubt on the charity's ability to control as the trustees determine is necessary to * Discussions with management including continue as a going concern for a period of Opinion twelve months from when the financial statementsat least areenable the free from preparationmaterial misstatement,offinancial statements whether due that to noncon ~~si-c~~ deration ofompliance withknown laws or andsuspectedregulation instances and fraud; of . are authorised for issue. fraud or error. .E . F We have audited the financial. statements of valuating management's. controlsoe designed Buttle UK for the year ended 31 March 2025 which Our responsibilities and the responsibilities of In preparing the financial statements, the trustees to prevent and detect irregularities, comprise the Statement of Financial Activities, the trustees with respect to going concern are are responsible for assessing the charity's ability * Reviewing and testing journal entries made Balance Sheet, Cash Flow Statement and notes described in the relevant sections ofthis report ~~.~~ to continue as a going concern, disclosing, as in the year, particularly those made as part of to the financial statements, including a summary applicable, matters related to going concern and the year-end financial reporting process; and of significant accounting policies ~~.~~ The financial Other information using the going concern basis of accounting unless * Challenging assumptions and judgements made reporting framework that has been applied in their the trustees either intend to liquidate the charity or by management in their accounting estimates. preparation is applicable law and United Kingdom The trustees are responsible for the other to cease operations or have no realistic alternative ; ae ; Accounting Standards, including Financial Reporting _ information. The other information comprises the but to do so. Because of the inherent limitations ofan audit, _ Standard 102 The Financial Reporting Standard information included in the Chair's Statement and there is a risk that we will not detect allirregularities, applicableK i ngdom Generally in the UK Accepted and Republic Accounting of Irelandi Practice). (Unitedi Trustees’and,statements except anovel todoes the Repornot extentcovert our otherwisetheopinionother explicitly information on the francial Auditor’sof the financial, responsibilities. statements for the audit withWhe regulationfeanciletaten ~~.~~ This risk onecornon increases ~~e~~ thecrpliance more that In our opinion, the financial statements: stated in our report, we do not express any form of Our objectives are to obtain reasonable assurance eee ee ee ulet in s removed From * give a true and fair view of the state of assurance conclusion thereon. about whether the financial statements as a whole statements, as we will be less likely to become aware o the charity's affairs as at 31 March 2025 In connection with our audit of nN the financial are free from material mi ~~s~~ statement, whetherdue ofinstances of non-compliance. The risk is also os nN forand theofthe year charity's then ended; net movement in funds informationstatements, our and, responsibilityin doing so, consider is to read whether the other thattofraud or includes error, our and opinion to i ~~.s~~ sueReasonable an auditor's assurance report is_ fraudgreater regarding rather than error, irregularities as fraud occurring involves intentional due to nNN 5 * have been properly prepared in accordance the other information is materially inconsistent ahigh level of assurance but is not aerial concealment, forgery, collusion, omission or = 4 with United Kingdom Generally Accepted with the financial statements or our knowledge an audit conducted n accordance a IS su ) it misrepresentation ~~.~~ g = Accounting Practice; and obtained in the audit or otherwise appears tobe exists, Misstatements can arisefrom fraud or error A further description of our responsibilities for = m * have been prepared in accordance with the materially misstated. If we identify such material and are considered material if, individually or in the the audit of the Fronctal tntormonte is located m 7 requirements of the Charities Act 2011 and inconsistencies or apparent material misstatements, aqareaate, they could reasonably be expected to : i ’ m ; ; (a) the Charities and Trustee Investment (Scotland) we are required to determine whether thereis a eats : ne Y P on th ~~e~~ Fi ~~n~~ anc ~~ia~~ l Reporting Council's website at: a 2 ActAccounts 2005 and (Scotland) regulation Regulations 8 of the Chari 2006 ~~.~~ ties amaterial material misstatement misstatement inof thethe financial other information statement ~~.s~~ or theinfluence basis of the these economic financial decisions statements of us. ~~e~~ rs taken on www.fdescriptionrc.org. formsuk/auditorsresponsibilities part of our auditor's report. This faZz = If, based on the work we have performed, we Irregularities, including fraud, are instances of = Ww Basis for opinion conclude that there is a material misstatement of non ~~-~~ compliance with laws and regulations. We Use of our report w a ; ; ; Ee this other information, we are required to report design procedures in line with our responsibilities, ; , | Fr We144 have of the been Charities appointed Act 2011, as auditor and section under section 44(1)(c) that fact. We have nothing to report in this regard. respectoutlined of above, irregularities, to detect including material fraud. misstatements The extentin 28This2 body, reportin is accordance made solely with section to the charity 144 's trustees, of the ha2 = of the Charities and Trustee Investment (Scotland) Matters on which we are required to to which our procedures are capable of detecting Charities Act 2011 and regulations made under = Q Act 2005 and report in accordance with the Acts . irregularities, including fraud is detailed below: section 154 of that Act, and section 44(1)(c) of the wl < and relevant regulations made or having effect report by exception Charities and Trustee Investment (Scotland) Act < Bo thereunder ~~.~~ We conducted our audit in accordance We have nothing to report in respect of the following Based on our understanding of the charity and the 2005 and regulation 10 of the Charities Accounts 1 z with International Standards on Auditing (UK) matters in relation to which the Charities (Accounts environment in which it operates, we identified that (Scotland) Regulations 2006 ~~.~~ Our audit work has been 2 5} (ISAs (UK)) and applicable law. Our responsibilities and Reports) Regulations 2008 and the Charities the principal risks of non-compliance with laws and undertaken so that we might state to the charity's ~~3~~ z under those standards are further described in Accounts (Scotland) Regulations 2006 require us regulations related to the regulatory requirements trustees those matters we are required to state to z $ the Auditor's responsibilities for the audit of the to report to you if, in our opinion: of the Charity Commission and Office of Scottish them in an auditor's report and for no other purpose. $ ~~=~~ financial statements section ofour report ~~.~~ We are , : Charity Regulator (OSCR), employment law and To the fullest extent permitted by law, we do not ~~=~~ a independent of the charity in accordance with the * adequate accounting records have GDPR, and we considered the extent to which accept or assume responsibility to anyone other than a z ethical requirements that are relevant to our audit not been kept by the charity; or non-compliance might have a material effect on the charity's trustees as a body for our audit work, for z L of the financial statements in the UK, including * sufficient and proper accounting the financial statements ~~.~~ We also considered those this report, or for the opinions we have formed ~~.~~ L [4 the FRC's Ethical Standard, and we have fulfilled records have not been kept; or laws and regulations that have a direct impact on the a 4 our other ethical responsibilities in accordance | . , preparation ofthe financial statements such as the thays Mac LePp 4 ui with these requirements, We believe that the . the charity financial statements are not Charities Act 2011, the Charity Accounts (Scotland) 'v) wl 4<3 auditappropriatepprop evidence to weP provide have a obtainedbasis for ouris sufficient opinion.P and * andwen “on havereturns; not received or with theall accounting the information records andRegulationspypayroll taxes (as am ~~.~~ ended), Charities SORP (2019) HaysMac LLP 34< z . . . and explanations we require for our audit. We evaluated management's incentives and Statutory Auditors z - Conclusions relating to going concern opportunities for fraudulent manipulation of the 03/12/202 . u Inaudiing“as that the trastas'. use ofthesoing Responsibilitiesop seas of trustees for the financialof controls) statements and determine (inclu d ingthatthe the risk principal of override risks Date: 1 5 u z concern basis ofaccounting in the preparation financial statements were related to the recognition of[voluntary][ income] ~~[.]~~ 10 Queen Street Place, London, EC4R 1AG z 5 ofthe financial statements is appropriate ~~.~~ As explained more fully in the trustees’ euclt procedures performed by the engagement HaysMac LLP is eligible to act as an auditor in terms 5 responsibilities statement set out on page 22, of section 1212 of the Companies Act 2006 ~~.~~
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NOTES | ENDOWMENT RESTRICTED | UNRESTRICTED | TOTAL2025 TOTAL 2024 NOTES | ENDOWMENT RESTRICTED | UNRESTRICTED | TOTAL2024 TOTAL 2023
FUND (€'000) FUNDS (£000) FUNDS (£'000) (£'000) (£'000) FUND (£'000) FUNDS (£'000) FUNDS (€'000) (£'000) (£'000)
FIXED ASSETS FIXED ASSETS
Tangible fixed assets 10 19 19 22 Tangible fixed assets 10 22 22 17
Investments 12 57,746 322 1,346 59,414 62,209 Investments 12 60,432 431 1,346 62,209 60,581
TOTAL FIXED ASSETS 57,746 322 1,481 59,549 62,267 TOTAL FIXED ASSETS 60,432 431 1,404 62,267 60,625
CURRENT ASSETS CURRENT ASSETS
aq Debtors 13 540 4,815 53 5,408 7,947 Debtors 13 100 7,818 29 7,947 488 aq
S Cash at bank and in hand 22 2,605 1,928 794 5,327 3,966 Cash at bank and in hand 22 665 1,852 1,449 3,966 2,543 Sg
3 TOTAL CURRENT ASSETS 3,145 6,743 847 10,735 11,913 TOTAL CURRENT ASSETS 765 9,670 1,478 11,913 3,031 5
a a
<x <x
= CREDITORS: CREDITORS: =
aA
™
a Amounts falling 14 (1,078) (1,468) (2,546) (1,174) Amounts falling 14 (1,038) (136) (1,174) (1,098) bs)
Ww due within one year due within one year Wwa
a Net current Net current a
a (liabilities) /assets Bree aS HAE (liabilities) /assets ue) HERS) 2
x NET ASSETS BEFORE NET ASSETS BEFORE x
ha z CREDITORS:Amounts falling i due 15 (189) (189) (252) CREDITORS:Amounts falling due 15 (252) (252) (316) 2Ww
= after more than one year after more than one year =
WW Wi
e < NET ASSETS | | sees | soe] aes ort ers NET ASSETS || eter | net | ares | e738 Seete <
n n
4 FUNDS FUNDS 4
= =
rs) Endowment Fund 19 59,813 - 59,813 61,197 Endowment Fund 19 61,197 61,197 57,604 (s)
z z
rs rs
a Unrestricted Funds Unrestricted Funds a
z Designated Fund 18 635 635 1,000 Designated Fund 18 1,000 1,000 1,978 z
E General Fund 1,693 1,693 1,746 General Fund 1,746 1,746 1,215 E
fe)wia TOTALFUNDS UNRESTRICTED 2,328 2,328 2,746 TOTALFUNDS UNRESTRICTED 2,746 2,746 3,193 auife}
z
Approved and authorised for issue by the Trustees on 25 September 2025 and signed on their behalf by: z
x 4
Po) )
a)4 e Ctl f a4
5 Peter Orlov Chair of Trustees Mark Alexander Trustee 5
[+s] a
The notes on pages 31 to 43 form part of these financial statements .
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30 1. ACCOUNTING POLICIES are included within current liabilities in the balance 31 sheet. Grants payable are charged in the year when a) Statement of Compliance the offer is conveyed to the recipient except in those The financial statements are prepared under the cases where the offer is conditional, such grants historical cost convention modified to include being recognised as expenditure when the conditions the revaluation of fixed asset investments and in attaching are fulfilled. accordancePractice for Charitieswith the (SORPStatement 2015)of (Second RecommendedEdition, h) Expenditure. ; BUTTLE U K effective 1 January 2019), the Financial Reporting Expenditure is included on an accrual basis. Standard applicable in the UK and Republic of Ireland Costs of raising funds comprise those costs directly (FRS 102) issued on 16 July 2014 and the Charities P P : . Act 2011. The accounts are prepared :in pounds attributableoe to managing. the investment_ portfolio, Sterling (GBP) raising investment income and fundraising expenses. CAS Hy FLOWS b) Generalening information. timeFundraising spent on expenses this activity include in accordance an estimate with of staff note 4. The Charity is an unincorporated charity registered Costs of YEAR ENDED 31 MARCH 2025 in England & Wales (charity number 313007) and in their different categories,charitable activities includeplus an apportionment grants made also a registered charity in Scotland (charity number io . $CO37997). The Charity’ istered office i of staff and overhead costs in accordance with NOTE 2 02 5 202. sone war y sregis ered once 'S notes 5 and 6.The cost ofthe[ overall] direction and (€'000) (£'000)4 CC1.06 Workspace Kennington Park SW9 6DE. a dm inistrationinistration ofof each each activity,activit comprising- salary,| c) Public benefit entity operational and administration costs are apportioned CASH FLOWS FROM OPERATING ACTIVITIES The Charity meets the definition ofa public benefit on the basis ofan estimate of staff time attributable Pe Net cash used in operating activities 21 (2,687) (3,496) entity under FRS 102. toa cost each agains activi t y.the Irrecoverable activity for which VAT is the charged expenditure as a ° was incurred ~~.~~ ° 5 CASH FLOWS FROM INVESTING ACTIVITIES d) Going concern Governance costs comprise costs incurred in 5 a ; $ ~~Income from investments 3 1,213 til~~ Theuncertainties Trustees consider there about the Charity’s are no abili ma t erialy to continue theregulator charit y 'srequirements administrat ~~.i~~ on and compliance with &= am ~~Purchase offixed asset investments~~ i ~~(24,970) (25,591)~~ as a going concern. i) Operating leases amM a Proceeds from the sale offixed asset investments 27,912 29,372 The financial statements for the year ended 31 Rentals payable under operating leases, where a a March 2025 have been prepared ona going concern substantially all of the risks and rewards of ownership a Z Purchaseoffixed assets 10, 11 (107) (35) basis ~~.~~ Trustees have reviewed the circumstances remain with the lessor, are charged to the Statement 2 fad of Buttle UK and consider that adequate resources of Financial Activities on a straight-line basis over a s Net cash provided by investing activities 4,047 4,919 continue to be available to fund the activities for the the minimum period of the lease. s >n foreseeableButtle UK is futurea going ~~.~~ concern The Trustees ~~.~~ are ofthe viewthat J) Tangible| fixed assets >n 5 Change in cash and cash equivalents in the year 1,361 1,423 Fixed assets, including computer software, 5 w e) Donations and legacies valued at £500 or more are capitalised. ¢ uw<E Cash and cash equivalents. at the beginninga of the year 3,966 2,543 whenrestrictionsGrants, receivable. donatio on when ~~n~~ .sWhere anda legaciesdonation a donor are can imposes accounted be spent time and for toFixed write assetsi off the arecost depreciated of each asset, at rates less calculated estimatedi ul<BE a CASH AND CASH EQUIVALENTS AT THE END OFTHE YEAR 22 5,327 3,966 there are no performance-related restrictionsPp on residual value,: evenly over itsF expected useful life,P a ~~<~~ the grant, the relevant amounts are carried forward as follows: ~~<~~ (8)S The notes on pages 31 to 43 form part ofthese financiali statements ~~.~~ as deferred income.i Leasehold improvements Over 5 years 1S)g ~~< z rs~~ f) Income fromfixed asset investments Fixtures, fittings and Over 4 years ~~z~~ 9 exDi- ~~v~~ diviiden d end incom dat e ~~.~~ Fixedis recog i n terestised on security the bas i sncome of theis computer equipment ira < accounted for onan accruals’ basis. Intangible assets (database) Over 5 years < Ee bE [-4 g) Grants payable [4 4 Grants are given in accordance with the Rules of 4 v Buttle UK (approved 6 July 1987, subsequently k) Intangible fixed assets wl 4 revised by several resolutions drawn up by Intangible fixed assets valued at £500 or more 4 s committees and approved by the Trustee Board). are capitalised: s z Grants are accounted for in the Statement of Datab Overs z z Financial Activities in the year in which they atabase vers years z x are authorised ~~.~~ Any amounts which have been Software Over 3 years x > authorised but which remain unpaid at the year-end > a 4 Ee Ee kb kb =) =) [) a
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CHi_LDREN BUTTLEuk Buttle UK CC1 ~~.~~ 06 Workspace Kennington Park, 1 ~~-~~ 3 Brixton Road, London, SW9 6DE 020 7828 7311 info@buttleuk.org (@buttleuk Registered Charity No ~~-~~ 313007 Scotland ~~-~~ SC037997