Charlty number: 1010358
THE P A R CHARITABLE TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

THE P A R CHARITABLE TRusr
CONTENTS
Page
Referonu and admlnlstratlve details of the charlty, Its tYU8tees and advlserB
Trustees. rnport
Independent audltorn, report on the flnanclal $tatem•nt8
statement of flnanclal actlvltl•s
Balan¢e $heot
10
ststem•nt of cash flow8
11
Notes to the flnanclal Atatements
12-20

THE P A R CHARITABLE TRUST
REFERENCE AND ADMINXSTRATIVE DETAILS OF THE CHARITY
ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 APIUL 2024
Trugtees
R B Rosenberg (appolnted 17 January 2024)
Reverend J T Parker
M K Webb (appolnted 21 December 2023)
Charlty reglstered
number
1010358
Prlnclpal offlce
Elsley Court
20-22 Great Ttt¢hfleSd Street
London
WIW 8BE
Prlnclpal operJtlnq
oftlce
Elsley Court
20-22 Great Tltdifteld Street
London
WIW 88E
Indepondent audltor• Cook & Partners Llmlted
Jeffrey Alan Ollver
Statutory Audltor
Manufartory House
Bell Lane
Hertford
Hertfordshlre
SG14 IBP
Page 1

THE P A R CHARrrABLE TRUST
TRusfEES' REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The trustees present thelr annual report together wlth the audited flnanclal statements of the charity for the
year ended 30 AprS12024.
The flnanclal staternents have been prepared In accordance wlth the accountlng pollcles set out In note I to
the financlal staternents and comply wlth the charlty's governing document, the Charltles Act 2011 and
Accountlng and Reportlng by Charitles: Statement of Recornmended Practlce applltable to charltles
preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and
Republlc of Ireland (FRS 102).
Objectlves and actlvltles
a. Pol1cl￿ and obJectlv•
The charlty alms to dlstrlbute funds to Indlvlduals and charltles meetlng the trust's objectives to support
chlldren and youn9 people and those wlth dlsabllltles• prlmarlly through grants to other charltles.
The trustees have pald due regard to guldance Issued by the Charlty Commlsslon In decldlng what actlvltles
the trust should undertake.
The trustee5 have complled wlth the duty In sectlon 17 of the Charltl8s Act 2011 to have due regard to the
guldance publlshed by th¢ Charlty Commlsslon on publlc benefit when revlewln9 the charlty's alms and
objectlves In plannlng Its future aCtI￿tIes. In partlcular, the trustees conslder how planned actlvltles wlll
ontrlbute to the alms and objectlves that have been set.
b. Grant-maklng pollcles
The charlty contlnues to make grants In partlcular to support chlldren and others wlth dlsabllltles
Achlevements and performance
•. Maln achlev•ments of the charlty
The charity has contlnued to support a number of Important projects In the year as detalled In the ststement
of flnanclal actlvltles,
b. Factors relevant to achlev• obJectlv•s
In the current year the charlty recelved donatlons of £2,187,160 (2023 £NIL), Glft Ald of £546,790 (2023
£NIL) Jnd Investment Income of £51,112 (2023 £340).
The Glft Ald Is yet to be recelved.
c. Investmant pollcy and performance
In Aprll 2023 the surplus cash funds of the trust were placed In sn Investment portfollo managed by Qullter
Chevlot.
The total value of the Investment portfollo Increased by £176,703. As at 30 Aprll 2024, the Investment
portfollo comprfses of assets at market value of £2,182,672 (2023 - £2,004,969),
In January 2024 funds of the trust purchased shares In Elllpses Pharma Ltd.
Page 2

THE P A R CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Flnanclal revlew
J. Golng concern
After making approprlate enqulrles, the trustees have a reasonable expectatlon that the charfty has
adequate resources to contlnue In operatlonal exlstence for the foreseeable future. For th15 rea50n, they
contlnue to adopt the golng concem basls In preparlng the flnancial statements. Further deta115 regardlng
the adoptlon of the going concern basls can be found In the accountlng pollcles.
b. Reserves policy
It Is the pollcy of the charlty to malntaln unrestrlcted funds, whlch are I'he free reserves of the charltyi at a
level sufflclent to respond to emergency appllcatlons for grants whlch arfse from tlme to tlme and to cover
governance costs.
¢4 Materlal Investments pollcy
Funds have been Invested wlth Investrnent managers Qullter Chevlot.
The portfollo Is low rlsk and dlverse. At the yaar end the portfollo was split as follows:
Flxed Interest - £453,693 - 20.8Q/o
Equltles UK - £486,774 . 22.3Q/o
EquSl'le5 North Amerlca - £595,254 - 27.39/0
Equltles Europe - £176,829 - 8.1%
Equltles Asla Paclflc - £51,818 - 2.4%
Alternatlve Investments - £227,723 - 10.4%
Cash and Cash Produtts - £190,581- 8.7 %
structuroi governance and management
a. Constltutlon
The P A R Charlt8ble Trust Is a reglstered charltyi number 1010358, and Is Constltuted under a Trust Deed
datsd 6 March 1992 as amended on 18 August 2022.
The trustees who served durfng the year were:
R B Rosenberg (appolnted 17 January 2024)
Reverend J T Parker
M K Webb (appolnted 21 Decernber 2023)
b. Methoda of appolntment or electlon ot trustees
The management of the charlty Is the responslblllty of the trustees who are elected and co-opted under the
terms of the Trust Deed.
The recrultment and appolntment of new trustee515 agreed by the existing trustees.
e, Organlsatlonal structure and declslon-making pollcles
The charlty Is managed on a day by day basls by the trustees who deal wlth all appllcatlons for grants.
d. Rlsk manpgement
The trustees have assessed the major rSsks to whlch the charltyls exposed, In particular those related to the
operations and finances of the charlty, and are satisfied that Systems and procedure5 are In place to mltigate
exposure to the major rlsks.
Page 3

THE P A R CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Plans for future perlod5
The charlty wlll contlnue to L15e Its reserves and future Investment galns to make grants In Ilne wlth Its
charitable objectlves.
Funds held as custodlan
No funds are held as a custodlan.
Statement of trustees. respon8lbllltles
The trustees are responslble for preparlng the trustees, report and the flnanclal statements In accordance
wlth applltèble law and Unlted Klngdom A¢countlng standard5 {Unlted Klngdom Generolly Accepted
Accountlng Practlce).
The law appllcable to charltles In England & Wales requlres the trustee5 to prepare flnanclal statement5 for
each flnanclal year whlch glve a true and falr vlew of the state of affalrs of the charlty and of Its Incomlng
resources and appllcatlon of resources, Includlng its Income and expendlture, for that perlod, In preparlng
these flnanclal statements, the trustees are requlred to.,
select sultable account5ng pollcles and then apply thern conslstentlyi
observe the methods and prlnclples of the Charltles SORP;
make Judgements and accountlng estlmates that are reasonable and prudent",
state whether appllcoble UK Accountlng Standards (FR5 102) have been followed, subject to any
materlal departures dlsclosed and explalned In the ftnanclal statements;
prepare the flnancial statements on the golng concern basls unless It Ss InBpproprlate to presume that
the charlty wlll contlnue In buslness.
The trustees are responslble for keeplng adequate accountlng records that are sufficlent to show ond explaln
tlie charlty's transactlons and dlsclose wlth reasonable accuracy at any tlme the flnanclal p05Itlon of the
charlty and enable them to ensure that the flnanclal statements comply wlth the Charltles Act 2011, the
Charlty (Accounts and Reports) Regulatlons 2008 and the provlslon5 of the Trust Deed. They are a150
responslble for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the
preventlon and detectlon of fraud and other Irregularltles.
Dlsclo$ure of Informjtlon to audltors
Each of the persons who are trustees at the tlme when thls trustees, report Is approved has conflrmed that:
so far as that trustee Is aware, there Is no relevant audlt Informatlon of whlch the charlty's audltors
are unaware, and
that trustee ha5 taken all the steps that ought to havè been taken as a trustee In order to be aware of
any relevant audlt Informatlon and to establlsh that the charlty's audltor5 are aware of that
Informatlon,
Audltors
The audltors, Cook & Partner5 Llmlted, have Indlcated thÈlr wllllngne55 to contlnue In offlce. The designated
trustees wlll propose a motlon reappolntlng the audltors at a meeting of the trustees.
Approved by order of the members of the board of trustees and slgned on thelr behalf by:
R B Rosenberg
Trustee
Page 4

THE P A R CHARrrABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE P A R CHARITABLE
TRUST
Oplnlon
We have audited the flnancial statements of The P A R Charltable Trust (the 'charity') ft)r the year ended 30
Aprll 2024 whlch compr15e the statement of financlal actlvltles, the balance sheet, the statement of cash
flows and the related notes, Includlng a summary of slgnlflcant accountlng pollcles.
The flnanclal reportlng framework that has been applled In thelr preparation is appllcable law and Unlted
Klngdom Accountln9 Standards (Unlted Klngdom Generally AC￿pted Accountlng Practlce).
In our oplnlon the flnanclal statements:
glve a true and falr vlew of the state of the charlty's affalrs as at 30 Aprll 2024 and of Its Incomlng
resources and appllcatlon of resources for the year then ended.
have been properly prepared In accordance wlth Unlted Kingdom Generally Accepted Accountlng
Practlce. and
have been prepared In accordano wlth the requlrements of the Charltles Act 2011.
Bag16 for oplnlon
We conducted our audlt In accordance wlth Internatlonal Standards on Audltlng (UK) (ISA5 (UK)) and
applicable law. Our re5ponslbllltles under those standards are further descrlbed In the Audltors,
responslbllltles for the audlt of the flnanclal statements sectlon of our report. We are Independent of the
charlty In accordance wlth the ethlcal requlrements that are relevant to our audlt of the flnanclal statements
In the Unlted Klngdom, Includlng the Flnanclal Reportlng Councll'5 Ethlcal Standard, and we have fulfllled our
other ethical responslbllltles in accordance wlth these requlrements. We belleve that the audlt evldence we
have obtalned Is sufflclent and approprlate to provlde a basls for our oplnlon.
Conclu¥lons relatlng to golng concern
In audltlng the nnanclal statements, we have concluded that the truslees, use of the golng concern basls of
accountlng In the preparatlon of the financlal statements Is approprlate.
Based on the work we have performed, we have not Identlfled any materlal uncertalntles relatlng to events
or condltlons that, Indivldually or collettlvely, may cast slgnlflcant doubt on the charlty's abllity to contlnue
as a goln9 concern for a perlod of at least twelve month5 from when the financlal statements are authorlsed
forlssue.
Our responslbllltles and the responslbllltle5 of the trustees wlth respect to golng con￿rn are descrlbed In the
relevant 5ectlons of thls report.
Other Informatlon
The trustees are responslble for the other Informatlon. The other Informatlon comprlses the Informatlon
included In the annual report, other than the flnanclal statements and our Report of the Independent
Audltors thereon.
Our opinlon on the financial statements does not cover the other Informatlon and, ex￿pt to the extent
otherwlse expllcltly stated In our report, we do not express any form of assurance concluslon thereon.
In connectlon with our audit of the financlal statements, our responslbillty Is to read the other Informatlon
and, in dolng so, con51der whether the other Informatlon Is materlally Inconslstent wlth the flnanclal
statements or our knowledge obtalned In the audlt or otherwlse appears to be materially mlsstated. If we
Identlfy such materlal Inconslstencies or apparent material mlsstatements, we are requlred to determine
whether thls glves rlse to a materlal misstatement In the flnanclal statements themselves. If, based on the
work we have performed, we conclude that there Is a materlal misstatement of thls other Infomiatlon, we
re requlred to report that fart.
We have nothlng to report in thls regard.
Page 5

THE P A R CHARITABLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE P A R CHARITABLE
TRUST {CONTINUED)
Mattern on whlch we are requlred tp report by exceptlon
We have nothlng to report In respect of the followlng matters where the Charlties (Accounts and Reports)
Regulatlons 2008 requlres us to report to you If, In our oplnlon:
the Informatlon glven In the trustee5' report 15 Inconslstent In any materlal respect wlth the flnanclal
statements. or
sufflclent accountlng records have not been kept. or
the financial statements are not In agreement wlth the accountlng records and returns, or
we have not recelved all the Inforrnatlon and explanations we requlre for our audlt.
Respon8lbllltles of trustees
As explalned more fully In the trustee5' responslbllltle5 Statement, the trustees are responslble for the
preparatlon of the financlal statements whlch glve a true and falr vlew, and for such Intemal control as the
trustees determlne Is necessary to enable the preparatlon of financlal statements that are free from materlal
mlsstatement, whether due to fraud or error.
In preparlng the flnanclal statements, the trustees are responslble for assesslng the charlty's ablllty to
ontlnue as a golng concem, dlscloslngi as appllcable, matters related to golng concern and uslng the golng
concern basls of accountlng unless the trustees elther Intend to Ilquldote the charlty or to cease operatlons,
or have no reallstlc alternatlve but to do so.
Page 6

THE P A R CHARITABLE TRUST
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE P A R CHARITABLE
TRUST (CONTINUED)
Our responslbllltles for the audlt of the flnanclal statements
We have been appolnted as audltor under sectlon 144 of the Charltles Act 2011 and report In accordance
wlth the Act and relevant regulatlons made or havlng effect thereunder.
Our objectlves are to obtaln reasonable a55urance about whether the financlal statements as a whole are
free from materlal m155tatement, whether due to fraud or error, and to Issue a Report of the Audltors that
Includes our oplnlon. Reasonable assurance Is a high level of assuran￿, but Is not a guarantee that an audlt
conducted In accordance wlth ISAS (UK) wlll always detect è materlal mlsstatement when It exlsts.
Mlsstatements con arlse from fraud or error and are consldered materlal If, Indivldually or In t'he aggregate,
they could reasonably be expected to Influence the economlc declslons of users taken on the basls of these
flnanclal statements.
Irregularltles, Includlng fraud, are Instanc•s of non-¢ompliance wlth laws and regulbtlon•.
We desloned procedures In Ilne wlth our responslbllltles, outllned above, to detect materlal mlsstatements In
respect of Irregularltles, Includlng fraud,
The extent to whlch our Pro￿dureS are capable of detectlng Irregularltles, Includlng fraud Is detalled below,,
Audltor8 •pproa¢h to as$e8slng th• rljks of materfal mls8tatement due to Irregularltlos, Includlng
Iraud.
Our approach was as follow5..
We obtalned an understandlng of the legal and regulatory frameworks that are appllcable to the entity. The
followlng laws and regulatlons are consldered to be slgnlflcant to the entity:
Flnancial Reportlng Standard 102
Charltles SORP FRS 102 (2019)
Charltles Act 2011
UK General Data Protectlon Regulatlon
We assessed the rlsks of materlal mlsstatement In respect of fraud a$ follows:
Dlscussed the rlsk of materlal mlsstatement due to Irregularltles, Includlng fraud wlth management at the
plannlng stage to conflrm that rlsks had been adequately Identlfied and that the controls In place are
sufflcient for the slTr and nature of the charity to reduce those rfsk5 to an acceptably low level.
Undertook an Inltial analytlcal revlew of the flnanclal statements to Identlfy any potentlally unusual or
unexpected relatlonshlps or hlgh rlsk audlt area5.
Completed a rlsk assessment checkllst to ald In the Identlflcatlon of Rlsks for a charlty of thls slze and
nature.
We consldered the rlsk of fraud through trustees overrlde of controls, a common rlsk In a charlty of thls slze
and nature, In response, we Incorporated testlng of manual Journal entries Into our audlt approach and
undertook a purely sub5tsntlve approach to the audlt wlth no rellance placed on controls.
Accountlng pollcle5 were reviewed at the plannlng stage to Identlfy any subjectlve measurements or complex
tran5actlons where management would have the potentlal to show blas.
Ensured all In the audlt team are aware of the r15ks Identlfled and partlcular areas that were susceptlble to
mlsstatement and during the audlt plannlng meetlng.
Throughout the audlt addltlonal substantive testlng was undertaken in areas where there was percelved to
be a medium or high rlsk of misstatement.
Audit testlng was undertaken in a manner that was unpredictable In nature, selectlon and tlming when
Page 7

THE P A R CHARITABLE TRUST
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE P A R CHARITABLE
TRUST (CONTINUED)
compared to prevlou5 years work,
The engagement Partners final revlew of the audit flle and financial statements Induded a detalled revlew of
all area5 of medlum or hlgh rlsk Identlfled at the plannlng stage of the audlt.
Based on the results of our risk assessment we deslgned our audlt procedures to Identlfy non-compllance
wlth such laws and regulatlons Identlfled above,.
Charltles SORP FRS 102 2019, Charltles Act 2011 and UK General Data Protectlon Regulatlon. The audlt
team all have a good understandlng of the requlrements under these laws and regulJtlons common to most
charltles and were alert throughout the audlt to any potentlal Instan￿5 of non-compliance.
Further, at both the plannlng and completlon stjge of the audlt enqulrles where made of mana9ement any
known instances of fraud or non-c0mp1lan￿ wlth laws and regulatlons.
These representatlons were corroborated where posslble through the revlew of board mlnutes. No
contradlctory evldence was noted.
We conslder that the work detslled above has ensured that the Ilkellhood of detectlon of Irregularttles
Includlng fraud Is ¢onsldered to be hlgh both at management level and durlng our audlt approach. It Is
however worth notlng that there Is an Inherent dlfflculty In detectlng Irregularltles and there 1$ no guarantee
that all Irregularitles have been Identlfled.
A further descrlptlon of our responslbllltles for the audlt of the nnanclal statements Is located on the
Hnanclal Reportlng Councll's webslte at: ww
audlto
of our audltors, report.
Thls descrlptlon forms part
Use of our report
Th15 report Is made solely to the charlty's trustees, as a bodyi In accordance wlth Part 4 of the Charltles
(Accounts and Reports) Regulatlon$ 2008. Our audlt work has been undertaken so that we mlght state to the
charlty's trustees those matters we are requlred to state to them In an audltors, report and for no other
purpose. To the fullest extent permltted by law, we do not accept or assume responslblllty to anyone other
than the charlty and Its trustees, as a bodyi for our audlt work, for th15 report, or for the oplnlons we have
formed.
Cook & Partners Llmltod
Jeffrey Alan Ollver
statutory Audltor
Manufattory House
Bell Lane
Hertford
Hertfordshlre
SG14 IBP
Oate:
Cook & Partners Llmlted are ellglble for appolntment as audltors of the charlty by vlrtue of Its ellglblllty for
appolntment as audltor of a company under sectlon 1212 of the Companles Att 2006.
Pa98 8

THE P A R CHARITABLE TRusr
srATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2024
Unaudited
Total
funds
2023
Unrestrlctsd
funds
2024
Totsl
funds
2024
Note
Incom• frorn:
Donatlons
Investment Income
2,733,950
51,112
2,733,950
51,112
340
Total Income
2,785.062
2,785,062
340
Expendltur• on:
Charltable actlvltles
228,990
228,990
118,767
T¢)tal oxpandlture
228,990
228,990
118,767
Net Incomel(expendlturn) b•fore net galns on
Investments
Net galns on Investments
2,556.072
149,099
556.072
149.099
(118,427)
4,712
Net movement In funds
2,705,171
2,705,171
(113,715)
Reconclllatlon of fundsi
Total funds brought forward
Net movement In funds
2,158,405
2,705.171
2,158,405
2,705,171
2,272,120
(113,715)
Total funds ¢•rrlqd forward
4,863,576
4,863,576
2,158,405
Page 9

THE P A R CHARITABLE TRUST
BALANCE SHEET
AS AT 30 APRIL 2024
Unaudlted
2023
2024
Note
Flxed assets
Investments
li
4,182,672
1,766,331
4,182,672
1,766,331
Current assetg
Debtors
Cash at bank and In hand
12
546,790
141,074
393,875
687,864
393,875
Credltors: amounts falllng due wlthln one
year
13
{6,960)
(1,801)
Net Current assets
680,904
392,074
Total assets lesg current Ilabllltles
4,863,576
2,158,405
Net assets excludlng pen8lon asset
4,863,576
2,158,405
Total net assets
4,863,576
2,158,405
ChDrlty fundg
Restrlrted funds
Unrestrlcted funds
15
15
4,863,576
2,158,405
Totsl funds
4,863,576
2,158,405
The flnanclal statements were approved and aulhorlsed for Issue by the trustees and slgned on thelr behalf
bv..
R B Rosenbery
Trustee
Date: Yb
The notes on page5 12 to 20 form part of these flnanclal statements.
Pag8 10

THE P A R CHARITABLE TRusr
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2024
Unaudlted
2023
2024
Cash flows from operatlng actlvltles
Ne¥ cash used In operatlng actlvltles
1,985,835
{98,766)
Cash flows Irom Investlng actlvltles
Investment Income recelved
Purchase of flxed asset Investments
Investment management expenses
51,112
340
(2,267,242) (1,761,619)
(22,506)
Net cash used In Investlng actlvltle$
(2,238,636) (1,761.279)
Cash Ilows from flnan¢lng actlvltl•g
Net co$h provlded by flnanclng actlvltloj
Change In cash and ca$h equlvalents In the year
Cash and cash equlvalents at the beglnnlng of the year
{252,801) (1,860,045)
393,875
2,253,92Q
Cash and cash equlvalents at the ènd of the year
141,074
393,875
The notes on pages 12 to 20 fomi part of these flnanclal statements
Page 11

THE P A R CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Gener•1 Informatlon
The P A R Charltlable Tnjst is a charltable trust, reglstered In England and Wales. The reglstered offl
address Is Elsley Court, 20-22 Great Titchfleld Street, London, WIW 8BE.
Accountlng pollcles
2.1 8asls of preparatlon of flnanclal 8tatem¢nts
The flnanclal statements have been prepared in accordance wlth the Charltle5 SORP (FRS 102)
Accountlng and Reportlng by Charltles: Statement of Recommended Practlce applicable to
ch8rltles preparlng thelr accounts In accordance wlth the Flnantlal Reportlng Standard 8ppllcable
In the UK and Republlc of Ireland {FRS 102), the Flnanclal Reportlng Standard appllcable In the
UK and Republlc ol Ireland (FRS 102) and the Charltles Act 2011,
The P A R CharltablÈ Trust meets the deflnltlon of a publlc benefit entity under FRS 102, Assets
and Ilabllltles are Ifnltlally recognlsed at hlstorlcal cost or transactlon value unless otherwlse
stated In the relevant accountlng pollcy.
The flnanclal statements are prepared In pound sterllngi whlch Is the functlonal currency of the
charlty. Monetary amount5 In these flnanclal statements are rounded to the nearest pound.
The financlal ststements have been prepared under the hlstorlcal cost conventlon. The prlncipal
accountlng pollcles adopted are set out below.
2.2 Fund a¢countlng
General funds are unrestrlcted funds whlch are avallable for use at the dlscretlon of the trustees
In furtherance of the general objectlves of the charlty and whlch have not been designated for
other purposes.
Investment Incomei galns and losses are allocated to the approprlate fund.
2.3 Golng ¢on¢em
Conslderlng current cash levels and conflmied future donatlons, the trustees have a reasonable
expectatlon that the charlty has adequate resources to contlnue In operation for the foreseeable
future. Therefore the trustees contlnue to 8dopt the golng concern ba515 of actountlng In
preparlng the flnanclal statements.
2.4 Inrome
All Income Is recognlsed once the charlty has entltlement to the Income, It Is probable that the
Income wlll be ￿CeIved and the amount of Income recelvable can be measured rellably,
Grants are Induded In the statement of flnanclal actlvltles on a recelvable basls. The balance or
Income recelved for $peclftc purposes but not expended durlng the perlod Is shown In the relevant
funds on the balance sheet. Where Income Is recelved In advance of entitlement of recelpt, its
recognltlon Is deferred and Included In creditors as deferred income. Where entltlement occur5
before Income Is retelved, the Income Is accrued.
Income tax recoverable In relatlon to donatlons recelved under Glft Ald or deeds of covenant Is
recognlsed at the time of the donation.
Page 12

THE P A R CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Accountlng pollcles (contlnued)
2.5 Expendlture
Expendlture Is recognlsed once there Is a legal or constructlve obllgation to transfer economlc
benefit to a thlrd party* It Is probable that a transfer of economlc benefits wlll be requlred In
settlement and the amount of the obllgatlon can be ffteasu￿d rellJbly. Expenditure Is classlfled
by activity. The costs of each actlvlty are made up of the total of dlrect cost5 and shared costs,
Indudlng 5UPPOrt costs Involved In undertaklng each actlvlty.
Expendlture on charltable actlvltles Is Incurred on directly undertaklng the actlvltles whlch further
the charity's objectlves, as well as any assoclated support costs.
Grant5 payable are charged In the year when the offer Is made except In those cases where the
offer Is condltlonal, such grants belng recognlsed as expendlture when the condltlons attachlng
are fulfllled. Grants offered subject to condltlons whlch have not been met at the year end are
noted as a commltment, but not accrued as expendlture,
All expendlture Is Incluslve of Irrecoverable VAT.
2.6 Investments
Flxed asset Investments are a form of flnanclal Instrument and are Inltlally recognlsed 8t thelr
transactlon cost and subsequently measured at falr value at the balance Sheet date, unless the
value cannot be measured rellably In whlch case It Is measured at cost less Impalrment.
Investmenl galns and losses, whether reallsed or unreallsed, are comblned and presented as
'Galns/(Losses) on Investments, In the statement of flnanclal actlvltles.
Investments held as flxed assets are shown at C05t less provlslon for Impalrment.
2.7 Dobtorn
Trade and other debtors are recognlsed it the settlement amount after any trade dlscount
offered. Prepayments are valued at the amount prepald net of any trade dlscounts due.
2.8 Cash at bank and In hand
Cash at bank and In hand Includes cash and short-tem) hlghly Ilquld Investments wlth a short
rn4turlty of three months or less from the date of acqulsltlon or openlng of the deposlt or slmllar
account.
2.9 Llabllltles and provlslons
Llabllltles are recognlsed when there Is an obllgatlon at the balance sheet date as a result of a
past event, It Is probable that a transfer of economlc benefit wlll be requ1￿￿ In settlement, and
the amount of the settlement can be estlmated rellably.
2.10 Flnanclal Instruments
The charlty only has financlal assets and flnancial Ilabllltles of a klnd that quallfy a5 baslc financlal
Instruments. Baslc financial instruments are Initially recognised at transaction value and
subsequently measured at thelr settlement value.
Page 13

THE P A R CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
In¢ome from donatlons
Unaudlted
Totsl
funds
2023
Unrestrlrted
funds
2024
Total
funds
2024
Donatlons
2,733,950 2,733,950
Investment Incomg
Unaudlted
Total
funds
2023
UnM4trfeted
funds
2024
Total
funds
2024
Propeity Income dlstmbutlons
Dlvldend Income
Interest Income
4,871
23,699
22,542
4,871
23,699
2&542
340
51,112
51,112
340
Total 2023
340
340
Analys18 of exp•ndlture on charltable a¢tlvltle8
Unrestrlrte¢l
funds
2024
Unaudlted
Total
2023
Total
2024
Donatlons pald
Support costs
Expendlture on govemance
195,000
28,705
5,285
195,000
28,705
5,285
116,500
1,884
383
228.990
228.990
118.767
Total 2023
118,767
118,767
Page 14

THE P A R CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Analysls of grants
Unaudlted
Total
funds
2023
Grants to
Instltutlons
2024
Total
funds
2024
Donètlons pald
195,000
195,000
116,500
Total 2023
116,500
116,500
The charlty has made the followlng materlal grants to Instltutlons durlng the year:
Unaudlted
2023
2024
N•me of Instltutlon
The 3H Fundatlon
Gerddl Bro DdyFI Gardens
Joss Searchllght
Cerebral Palsy Plus
The Hamlet Centre Trust
Sunny Days Children's Fund
The Bralnwave Centre Llmlted
CPotentlal Trust
Spread a Smlle
Deslgnablllty Charlty Llmlted
Help Ukralne UK
Sussex Underwater
Canlne Partners
Creatlve Black Country
Good Shepherd
Wyre Forest Dlal-A-Rlde
Cllmate Earth
Horsefalr and Proud
North Worcestershlre Bereavement Soclety
Wolverhampton Wanderers Foundatlon
io,ooo
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
1,500
5,000
10,000
5,000
35,000
15,000
50,000
10,000
15.000
50,000
195,000
96,500
Other grants to Institutlons
20,000
195,000
116,500
Page 15

THE P A R CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Support cost
Unaudlted
Total
funds
2023
Unrestrlcted
funds
2024
Total
funds
2024
Management fees
Legal and professlonal fees
22,508
6,197
22,508
6,197
84
1,800
28,705
28,705
1,884
Total 2023
1,884
1,884
Expendltur• on governance
Unaudlted
Total
funds
2023
Unre$trlcted
funds
2024
Total
funds
2024
Audlt fees
Bank servlce charges
4,800
485
4,800
485
383
5,285
5,285
383
Total 2023
383
383
Audltors, remungratlon
Unaudlted
2023
2024
Fees payable to the charlty's audltor for the audlt of the charlty's annual
account5
4,800
Pag8 16

THE P A R CHARITABLE TRUST
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
10. Trustqes, remuneratlon and ¢xpen$•s
Durlng the year, no trustees recelved any remuneratlon or other beneflts (2023 £NIL).
Durlng the year ended 30 Aprll 2024, no trustee expenses have been Incurred (2023 - £NIL).
11. Plxed asset Investments
Ll*t•d
Unllsted
Investments Investmenti
Total
Cost or valuatlon
At l May 2023
Addltlons
Revaluatlons
1,766,331
267,242
149,099
1,766,331
2,000,000 2,267,242
149,099
At 30 Aprtl 2024
2,182,672
000,000 4,182,672
Net book value
At 30 Aprll 2024
2,18¥672
2,000,000 4,182,672
At 30 Aprll 2023
1,766,331
1,766,331
The Ilsted Investments were valued on an open maket basls on 30 Aprll 2024 by Qullter Chevlot, the
Investment managers.
12. Debtor•
Unaudlted
2023
2024
Glft ald recoverable
546,790
13. Credltors: amount8 talllng due wlthln one year
Unaudlted
2023
2024
Accruals and deferred Income
6,960
1,801
Page 17

THE P A R CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
14 Flnanclal Instrument•
Unaudlted
2023
2024
Flnanclal assets
Flnancial assets measured at falr value through Income and expendlture
2,323,746
2,160,206
Flnanclal assets measured at falr value through Income and expenditure comprlses of Ilsted
Investments and cash at bank,
15. St•tOMent ol funds
stJt•m•nt of funds - curr•nt year
Balance at
30 Aprll
2024
Balance at
l May 2023
Galns/
(Losses)
Xncome Exp•ndlture
Unre$trl¢ted fund
General Funds - all funds
2,158,405 2,785.062
(228,990)
149.099 4,863,576
Statement of lundg . prlor year
Balance at
30 Aprll
2023
8alanee at
l May 2022
Galnsl
(Losses)
Income Expendlture
Unrestrlcted fund•
General Funds - all fund$
2,272,120
340
{118,767)
4,712
2,158,405
16. Summary of funds
Summary ol funds - current year
Balance at
30 Aprll
2024
Balance at
l May 2023
Galns/
(Losses)
In¢ome Expendlture
General funds
2.158.405 2,785,062
(228,990)
149.099 4063.576
Page 18

THE P A R CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
16. Summary ol funds (¢ontlnued)
Summary ol fund$ - prlor year
Balance at
30 Aprll
2023
Balance at
l May 2022
Galns/
(Losses)
Income Expendlture
General funds
2,272,120
340
(118,767)
4,712
2,158,405
17. Analy•ls ol net a8•ets between funds
Analysls of net as•ets b¢tweon fund• • currant p•rlod
Unr•8trlct•d
fund$
2024
Total
funds
2024
Flxed asset Investments
Current assets
Credltors due wlthln one year
4,182,672 4,182.672
687,864
687,864
(6,960)
(6,960)
Total
4,863,576 4,863,576
An•ly•ls of net aS8et• betwoen fund• - prlor p•rlod
Unaudlted
Unrestrlcted
funds
2023
Unaudlted
Total
funds
2023
Flxed a55et Investments
Current assets
Credltors due wlthln one year
1,766,331
393,875
{1,801)
1,766,331
393,875
(1,801)
Total
2,158,405
2,158,405
Page 19

THE P A R CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
18. Recon¢1114tlon of nat movement In fund8 to net cash flow from operatlng actlvltles
Unaudlted
2023
2024
Net Incomelexpenditure for the perlod (as per Statement of Flnancial
Actlvltles)
2.705,171
(113,715)
Adjustments for:
Dlvldends, Interests and rents from Investments
Investment management expenses
Decrease/{Increase) In debtors
Increase/(decrease) In credltors
Falr value change In Investment
(51,112)
22,506
(546,790)
2,859
(149,099)
(340)
20,000
(4,712)
Net ush provlded by/(uaed In) operatlng actlvltle•
1,983,535
(98,766)
19. Analys1$ of ca•h Jnd cash equlvalents
Unaudlted
2023
2024
Cash In hand
141,074
393,875
20. Analy$ls of chang•s In nat debt
Change• In Other non-
market
cash At 30 Aprll
value
chanpes
2024
Atlmay
2023 Cash flows
Cash at bank and In hand
393,875
(260,641)
149.099
(141,259)
141,074
Page 20