Charity registration number 1170365
Company registration number 10403233 (England and Wales)
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Tavistock House South
Tavistock Square
Rayner Essex LLP
London
Chartered Accountants
WC1H 9LG
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
Mr J P Behrman
Mrs J Behrman
Secretary
Mr J P Behrman
Charity number
1170365
Company number
10403233
Registered office
Rayner Essex LLP
Tavistock House South
Tavistock Square
London
WC1H 9LG
Independent examiner
Rayner Essex LLP
Tavistock House South
Tavistock Square
London
WC1H 9LG
Bankers
HSBC
31 Cheque Street
St Albans
Hertfordshire
AL1 3YN
Investment advisors
Interactive Brokers (UK) Ltd
Level 20 Heron Tower
110 Bishopsgate
London
EC2N 4AY
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The Trustees present their annual report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Trustees' governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities
Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake, and also has regard to Charity Commission guidance on public benefit.

Achievements and performance
Significant activities and achievements against objectives
Financial review

During the year, the charity received donations totaling £93,369. The Charity also received dividends and interest receivable from investments totaling £57,053. The value of the investments also increased during the year and the overall funds increased from £1,376,826 to £1,491,603.

Going concern

The current high level of Reserves means that there are no going concern issues.

Reserves policy

Generally it is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level that The Trustees consider will ensure that, in the event of a significant drop in funding, they will be able to continue activities while consideration is given to ways in which additional funds may be raised. Because of the large legacy left to the charity this level of reserves has been more than maintained throughout the year.

Structure, governance and management

The charity is a company limited by guarantee incorporated on 30 September 2016 and was registered as a charity on 24 November 2016. The company was formed under a Memorandum of Association that established its objects and powers and is governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr J P Behrman
Mrs J Behrman
Recruitment and appointment of trustees

As noted above, the only Trustees are Mr J P Behrman and Mrs J Behrman and there is no intention to appoint Trustees outside of the family. The Trustees review regular updates received from the charity commission. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

- settle the terms of payment with suppliers when agreeing the terms of each transaction;

- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

- pay in accordance with the company's contractual and other legal obligations.

There were no t rade creditors of the company at the year end.

Organisational structure

Currently there are 2 Trustees who make decisions on which Charities are given charitable donations, and on temporary investments whilst the best options are explored.

The Trustees' r eport was approved by the Board of Trustees.

Mr J P Behrman
Trustee
2 June 2026
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MAUREEN BEHRMAN CHARITY
- 3 -

I report to the Trustees on my examination of the financial statements of The Maureen Behrman Charity (the Charity) for the year ended 30 September 2025.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Rayner Essex LLP
Tavistock House South
Tavistock Square
London
WC1H 9LG
3 June 2026
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
3
93,369
82,034
Investments
4
57,051
44,830
Total income
150,420
126,864
Expenditure on:
Charitable activities
5
26,135
21,299
Total expenditure
26,135
21,299
Net losses on investments
9
(9,508)
(77)
Net income and movement in funds
114,777
105,488
Reconciliation of funds:
Fund balances at 1 October 2024
1,376,826
1,271,338
Fund balances at 30 September 2025
1,491,603
1,376,826

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
11
1,490,170
1,367,147
Current assets
Cash at bank and in hand
3,833
11,959
Creditors: amounts falling due within one year
12
(2,400)
(2,280)
Net current assets
1,433
9,679
Total assets less current liabilities
1,491,603
1,376,826
The funds of the Charity
Unrestricted funds
13
1,491,603
1,376,826
1,491,603
1,376,826

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 2 June 2026
Mr J P Behrman
Trustee
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
1
Accounting policies
Charity information

The Maureen Behrman Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is Rayner Essex LLP, Tavistock House South, Tavistock Square, London, WC1H 9LG.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
93,369
82,034
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Income from listed investments
44,785
26,072
Interest receivable
12,266
18,758
57,051
44,830
5
Charitable activities

Charitable donations

Charitable donations

2025
2024
£
£
Donations to charities
20,172
19,125
Share of governance costs (see note 6)
5,963
2,174
26,135
21,299
THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
6
Support costs
Support costs
Governance costs
2025
2024
£
£
£
£
Independent Examination
-
4,320
4,320
760
Bank charges
-
59
59
60

Computer costs

-
458
458
-
Commissions
-
1,126
1,126
-
-
5,963
5,963
820
Analysed between
Charitable activities
-
5,963
5,963
2,174

Governance costs includes payments for the the Independent Examination of £4,320 (2024: £760).

7
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
8
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
9
Net gains/(losses) on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Revaluation of investments
(9,508)
(77)

This represents the movement in funds invested Interactive Brokers.

10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

THE MAUREEN BEHRMAN CHARITY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
11
Fixed asset investments
£
Cost or valuation
At 1 October 2024
1,367,147
Additions
115,372
Valuation changes
(9,508)
Dividends and interest received
44,785
Costs deducted from fund
(1,126)
Disposals
(26,500)
At 30 September 2025
1,490,170
Carrying amount
At 30 September 2025
1,490,170
At 30 September 2024
1,367,147
12
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
2,400
2,280
13
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2024
Incoming resources
Resources expended
Gains and losses
At 30 September 2025
£
£
£
£
£
General funds
1,376,826
150,420
(26,135)
(9,508)
1,491,603
Previous year:
At 1 October 2023
Incoming resources
Resources expended
Gains and losses
At 30 September 2024
£
£
£
£
£
General funds
1,271,338
126,864
(21,299)
(77)
1,376,826
14
Related party transactions

During the year, the trustees of the charity paid in donations totalling £93,369.

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