Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7B-764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CHARtrY No. 1005072

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
CONTENTS
Page
Reference and Administration Details
Trustees, Report
Independent Examinels Report
Statement of Financial Activities
Balance Sheet
Notes to the financial statements

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7B-764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
REFERENCE AND ADMINISTRATION DETAILS
FOR THE YEAR ENDED 31 MARCH 2025
Registered charity number
1005072
Trustees
Alexander Atchison (Chair)
Susan Ingall
Margaret Majumdar
John Halsey
Principal address
183 Uxbridge Road
London
W139AA
Independent examiner
Helen D'monte
Broadfield Law UK LLP
One Bartholomew Close
London
EC1A 7BL
Accountants & legal advisers
Broadfield Law UK LLP
One Bartholomew Close
London
EC1A 7BL
Bankers
CAF Bank Limited
25 Kings Hill Avenue
West Malling
Kent
ME19 4LQ
Investment managers
Charles Stanley & Co Limited
Ropemaker Place
25 Ropemaker Street
London
EC2Y 9LY
Page 1

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out on note 1 to the accounts
and comply with the Chariws trust deed, applicable laws, accounting standards (United Kingdom Generally
Accepted Accounting Practice) and Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing Iheir accounts in accordance with the Reporting Standard applicable in
the United Kingdom and Republic of Ireland (FRS 102).
Introduction
The John and Ruth Howard Charitable Trust (the trust) was created by a deed dated 24 April 1991. The trust
was established by an initial gift of £127.007 in April 1991 by Mr and Mrs Howard and later further sums left to
the charity by will since they had no children.
Activities, Specific Objectives and Relevant Policies
Activities and specific objectives
The four charitable objects of the trust. as desired by John and Ruth Howard and slightly altered by the Charity
Commission at the time, are as follows..
(al 25 % of the trust income for Ihe advancement of public education in the field of archaeology.
(bl 25Yo of the trust income for the preservation and protection of buildings for the benefit of the general
public.,
Icl
25 % of the trust income for the advancement of public education in the field of choir schools and
associated music of such cathedrals, abbeys, colleges or similar institutions in England as are not
already well endowed and which in the opinion of the trustees are centres of excellen￿ for such
music- and
(dl 250/0 of the trust income to any other charitsble object or charity as may be chosen by the trustees.
Objectives and activities for the public benefit
The trust's sole activity is making grants to charitable organisations, fulfilling their aim to help people and the
society they live in.
The Trustees have had regard to the Charity Commission's guidance on public benefit. The charity's aims are
far-reaching and for the public benefit. The Trustees are confident that their public benefit duty is fulfilled the
Trustees also consider that there is no detriment, harm or private benefit that arises from carrying out the
charity's aims.
Grant making policy and aims
The trust has established its grant making policy to achieve its objects for the public benefit and in order to
award funding, the trustees carry out research as to which organisations have the impact.
Achievements and Performance
Review of activities
In the year, the trust received investment income of £65,041 (2024: £63,427) and grants of £55,000 were
awarded (2024.. £90.000).
Page 2

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and Performance (continued)
Incoming resources
The total incoming resources in the Unrestricted Fund for the year ended 31 March 2025 were £65,041 {2024'.
£63,427).
Expenditure
Resources of £78,313 were expended during the year (2024: £106,468). Support costs were £7,200 {2024.'
£3,540). Charitsble grants of £55.000 were committed during the year (2024.. £90,000) and costs of raising
funds were £15,613 {2024.' £12,928).
Financial Review
Results for the year
The Trustees are satisfied with the financial position of the Charity and confirm that they have adequate assets
available to fulfil their obligations.
1 Cash held al the year end was £43,870 {2024= £32,601).
2 Investment values have decreased by £27,987 (2024.. increase of £64.113). Details of the movements are
shown in note 7.
3 Total Funds have decreased by £29,747 (2024.. increase of £35.942). The Statement of Financial Activities
shows the movement in detail.
Reserves Policy and going concem
The trustees maintain free unrestricted reserves funds which are sufficient to meet the support and govemance
costs of the charity.
At 31 March 2025 the unrestricted funds of the charity were £4,991 {2024: £9,561) and these are regarded as
the free reserves of the charity at that date.
The trustees are of the view that the trust is a going concem.
Investment Policy
The investment advisors are instructed to invest in a portfolio vthich will provide the Optimum weld by way of
capital appreciation and income consistent with reducing risk to a minimum.
Governance, Structure and Management
Appointment of trustees and trustee induction and training
The trust provides for a minimum of four trustees and a maximum of six trustees. Apart from the first trustees,
every trustee is appointed by a resolution of the trustees. Potential trustees are invited to obseNe at trustee
meetings and on appointment are given the latest financial slalements.
The trustees meet on a regular basis to consider the charitys finances and to consider applications for grants.
Risk Management
The Trustees have considered the major risks to which the charity is exposed and believe Ihat appropriate action
has been taken to mitigate these risks. The Trustees will continue to keep the adequacy of the systems under
review.
Page 3

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Governance. Structure and Management (cont.)
Risk Management (cont.)
The trustees consider variability of investment returns on the permanent endowment to constitute the charity's
major financial risk and recent volatility in stock markets has demonstrated that risk. The charitWs investment
manager, Charles Stanley. monitors the perfomiance of the investrnents in order to maximise the retum on the
investments.
Future plans
The trustees will continue to monitor the investments so that sufficient income is raised to be able to make
grants in line with the trust's objects.
The Trustees. Report was approved by the Board of trustees and signed on their behalf by..
SvJDed by..
YJ02A3737S78427..
Alexander Atchison
Chair of Trustees
211112026
Dated..
Page 4

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
I report to the trustees on my examination of the accounts of The John and Ruth Howard Charitable Trust (the
trust) for the year ended 31 March 2025, which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees of the tmst. you are responsible for the preparation of the accounts in accordance with the
requirements ofthe Charities Act 2011 {Ihe Acr).
I report in respect of my examination of the trust's accounts carried out under Section 145 of the 2011 Act and in
carrying out my examination, I have followed the applicable direclions given by the Charity Commission under
Section 145{5){bl of the Act.
Independent examinerfs sL*ement
I have completed my examination. I confimi that no material matters have come to my attention in connection
with the examination qivinq me cause to believe that in any material respect-
(a} accounting records were not kept in respect of the trust as required by section 130 of the Act,. or
(b) the accounts do not accord with those records., or
(c} the accounts do not comply wth the applicable requirements Con￿rning the form and content of accounts
set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the
accounts qive a Irue and fair Vie￿ which is not a matter considered as part of an independent
I have no concems and have come across no matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
br.
O'rt￿dL
14
Helen D'monte
Broadfield Law UK LLP
One Bartholomew Close
London
EC1A 7BL
211112026
Dated:
Page 5

Docusign Envelope ID.. D9C2ABSA-2cF4478￿9E7B-764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Expéndablé
Notes Unrastrlct8d Endowment
Funds
Fund
Expendable
Endowment
Fund
Unrestrict8d
Fund
Total
Total
Income from:
Investments, incoTne and inlerest receivable
65,041
65,041
63,427
63,427
Total Income
65,041
65,041
63,427
63,427
Exp8ndlture on:
Raising funds
Charitsble activities
3,076
62,700
12,537
15,613
62,700
1,258
93,540
11,670
12,928
93,540
Total expendlture
Net Income I lexpendltur8)
65,776
12,537
78,313
94,798
11,670
106,468
(735>
{12,537>
(13,272)
131,371)
111,6701
143,0411
Gains Ilossesl on investments
<16,475>
<16,475)
78,983
78,983
(735>
{29,012>
{29,747)
131,3711
67,313
35,942
Gross Iransfers betW88n funds
(3,835)
3,835
(363)
363
Net movement in funds
(4.570>
{25.177)
{29.747)
131,734)
67,676
35,942
Reconciliation of funds:
Total funds brought forward
9,561
1,829,409
1,838,970
41,295
1.761,733
1,803,028
Total funds carrled forward
4,991
1,804,232
1,809.223
9,561
1,829,409
1,838,970
The notes on pages 8 to 11 form part of thesé financial statements.
Page 6

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
Notes
2025
2024
Fixed Assets
Investments
1.791,337
1.819,324
Current Assets
Debtors
Cash at bank
Current Assets
12,895
43,870
56,765
10,085
32,601
42,686
Less: Current liabilities
Creditors
38.879
23,040
Nel Current Assets
17,886
19,646
Total Net Assets
1.809.223
1,838,970
Funds of the charity:
Unrestricled Fund
Expendable Endowment Fund
4.991
1.804,232
9,561
1,829,409
1,809,223
1,838,970
The notes on pages 8 to 11 form part of these financial statements.
The accounts and balance sheet were approved
by the trustees on
211112026
Authorised to sign on behalf of the trustees:
Swd by.
Trustee
Page 7

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. The Charity
constitutes a public benefit entity as defined by FRS 102. Having assessed the Charity's financial position
and plans for the foreseeable future, the Trustees are satisfied that it remains appropriate to prepare the
financial statements on a going concern basis.
Funds
Unrestricted Funds comprise those funds which the trustees are free to use in accordance with Ihe
charitable objects. The Expendable Endowment Fund represents those assets which are held for the
longer tem) for the Trust, in accordance with the temis of the Trust deed. Income arising on the
Expendable Endowment Fund can be used in accordance with the objects of the Trust and is included in
the Unrestricled Fund. As an Expendable Endowment, capitsl can also be spent in Gertain circumstances
in fulfilment of the Trust's objects. Any capital gains or losses arising on the investments held in the
Expendable Endowment Fund fomi part of the Fund.
Investment income
Income from interest is recognised when receivable. Dividends are recognised when the shareholder's
right to receive payment is established. although at the year end rf the dividend is due but nol received
(i.e. it is "ex-dividend") it is not included in these accounts, il will be shown in the subsequenl year when
re￿ived. Some investments accumulate dividends. As these are added to Ihe undedying holding and not
paid out (to use for charitable purposes). they are not shown in these accounts.
Charitable expenditure
A liability and related expenditure is recognised when there is a legal or constructive obligation at the
balan￿ sheet date as a result of a past event.. that it is likely to be selued and that it can be measured or
estimated reliably. Charitable expenditure represents those costs incurred by the charity in providing
grantsldonations to its beneficiaries. It includes both amounts directly paid to the beneficiaries and
management and administration costs necessary to support them. Grants are recognised when the
trustees have made a decision to make a payment and that decision has been communicated to the
recipient and it is probable that payment will take pla￿. However, the recognttion of any liability will be
deDendent on anv conditions attachino to the commithient.
Investments
Quoted investments are included at market value at the Balance Sheet date.
Realised and unrealised gainsllosses on investments
Realised gainsllosses on the disposal of investments are calculated by reference to the market value of
those investments at the start of the accounting period or. if purchased during the accounting period, the
cost of acquisition. Unrealised gainsllosses reflect the increaseldecrease in value during the accounting
period of investments held throughout that period or, in the case of investments purchased during the
accounting period and still held at the end of the period. the increaseldecrease in value compared to their
acquisition cost.
Going concern
The accounts have been prepared on the going concem basis.
Page 8

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 Investments
2025
2024
Income from listed investments
Bank and Brokerfs interest
64.809
232
63,303
124
65,041
63,427
3 Costs of generating funds
2025
2024
Charles Stanley investment management fees
Custody fees
Office and administrative services
Independent examinerfs fee and accounts - prior year {over)l underprovision
Bank charges
Sundry
12,477
60
3,000
11,626
44
1,568
{4401
86
44
76
15.613
12,928
4 Charitable activities
2025
2024
Grants {4.11
Support costs {4.2}
55,500
7,200
90,000
3,540
62.700
93,540
4.1 Grants payable
2025
2024
Archaeology
Buildings
Choral
General
8,500
6,500
18,500
22.000
13,000
19,000
23,000
35,000
55,500
90,000
4.2 Support Costs
2025
2024
Independent examiner's fee and accounlancy fee
Independent examiner's fee and accounts - prior year (overllunderprovision
5,400
1.800
3,600
(601
7.200
3,540
5 Trustees and related party transactions
None of the trustees have been paid any remuneration or received any other benefits from an
employment with the charity or a related entity, no trustee expenses have been incurred nor have there
been any related party transactions in the reporting period that require disclosure (2024 also £nil in all
cases). The Charity had no employees in the year {2024 - nil).
Page 9

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
6 Employees
There were no employees during the year or the previous year.
7 Fixed asset investments
2025
2024
Movement in investments=
Market value brought fomard
Additions
Disposals
Realised and unrealised gainsl {losses)
1.819.324
26,116
{37,628)
(16,475)
1,755,211
20,137
135,0071
78,983
Market value carried forward
1,791,337
1,819,324
Cost at 31 March 2025
796.451
805,657
8 Debtors
2025
2024
Other debtors
12,895
10,085
12,895
10,085
9 Cash at bank and in hand
2025
2024
Cafcash
Vickers Client Account
43.870
29,639
2,962
43,870
32,601
10 Creditors
2025
2024
Grants
Accruals
27,500
11.379
13,500
9,540
38.879
23,040
11 Reserves
Expendable
Unrestricted Endowment
Funds
Fund
Total
2025
Balance brought forward, 1 April 2024
Incorne
Expenditure
Gainsl Ilossesl on investments
Transfers between funds
9.561
65,041
(65,776)
1.829.409
1.838.970
65,041
{78,313)
{16.475)
(12,537)
(16.475)
3.835
{3.835}
Balance carried forward, 31 March 2025
4,991
1,804,232
1,809,223
Page 10

Docusign Envelope ID.. D9C2AB5A-2CF4478D-9E7&764B91ADEACB
THE JOHN AND RUTH HOWARD CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11 Reserves {cont.)
Expendable
Endowment
Fund
Unrestricted
Funds
Total
2024
Balance brought forward, 1 April 2023
Income
Expenditure
Gainsl Ilossesl on investments
Transfers between funds
41.295
63.427
194.7981
1,761,733
1,803,028
63,427
1106,4681
78,983
{11,6701
78,983
363
(363)
Balance carried forward, 31 March 2024
9.561
1,829,409
1,838,970
12 Net assets between funds
Expendable
Unrestricted Endowment
Funds
Fund
Total
2025
Fixed assets
Current assets
Current liabilities
1.791.337
12.895
1.791.337
56,765
{38,879)
43.870
{38,879)
4,991
1,804,232
1,809,223
Expendable
Endowment
Fund
Unrestricted
Funds
Total
2024
Fixed assets
Current assets
Current liabilities
1,819,324
10,085
1,819,324
42,686
123,0401
32,601
{23.040)
9.561
1.829.409
1,838,970
13 Taxation
The John and Ruth Howard Charitable Trust is a registered charity and is potentially exempt from taxation
in respect of income and capital gains within the categories covered by Part11 of the Corporation Tax Act
2010 or Section 256 ofthe Taxation of Chargeable Gains Act 1992 to the extent that such income or gains
are applied to charitable purposes.
Page11