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2025-04-30-accounts

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

Charity number: 1010358

THE P A R CHARITABLE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5 - 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 16

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2025

Trustees R B Rosenberg
Reverend J T Parker
M K Webb
Charity registered
number
1010358
Principal office
Elsley Court
20-22 Great Titchfield Street
London
W1W 8BE
Principal operating
office
Elsley Court
20-22 Great Titchfield Street
London
W1W 8BE
Independent
examiners
Cook & Partners Limited
Jeffrey Alan Oliver
Statutory Auditor
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Page 1

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2025

The trustees present their annual report together with the financial statements of the charity for the year ended 30 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 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).

Objectives and activities

a. Policies and objectives

The charity aims to distribute funds to individuals and charities meeting the trust's objectives to support children, young people and those with disabilities, primarily through grants to other charities.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit when reviewing the charity’s aims and objectives in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

b. Grant-making policies

The charity continues to make grants in particular to support children, young people and those with disabilities.

Achievements and performance

a. Main achievements of the charity

The charity has continued to support a number of important projects in the year as detailed in the statement of financial activities.

b. Factors relevant to achieve objectives

In the current year the charity received donations of £13,488 (2024 - £2,187,160), Gift Aid of £NIL (2024 - £546,790) and investment income of £64,716 (2024 - £51,112).

c. Investment policy and performance

ln April 2023 the surplus cash funds of the trust were placed in an investment portfolio managed by Quilter Cheviot.

During the year, the total value of the investment portfolio increased by £84,459 (2024 - £176,703). As at 30 April 2025, the investment portfolio comprises of assets at market value of £2,267,131 (2024 - £2,182,672).

The unlisted investments have undergone an impairment review.

Page 2

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level sufficient to respond to emergency applications for grants which arise from time to time and to cover governance costs.

c. Material investments policy

Funds have been invested with investment managers Quilter Cheviot.

The portfolio is low risk and diverse. At the year end the portfolio was split as follows:

Fixed Interest - £512,389 - 22.6% Equities UK - £497,056 - 21.9% Equities North America - £620,182 - 27.4% Equities Europe - £168,436 - 7.4% Equities Asia Pacific - £47,785 - 2.1% Alternative Investments - £224,594 - 9.9% Cash and Cash Products - £196,689 - 8.7%

Structure, governance and management

a. Constitution

The P A R Charitable Trust is a registered charity, number 1010358, and is constituted under a Trust Deed dated 6 March 1992 as amended on 18 August 2022.

The trustees who served during the year were:

R B Rosenberg Reverend J T Parker M K Webb

b. Methods of appointment or election of trustees

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust Deed.

The recruitment and appointment of new trustees is agreed by the existing trustees.

c. Organisational structure and decision-making policies

The charity is managed on a day by day basis by the trustees who deal with all applications for grants.

d. Risk management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 3

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THE P A R CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

Plans for future periods

The charity will continue to use its reserves and future investment gains to make grants in line with its charitable objectives.

Funds held as custodian

No funds are held as a custodian.

Statement of trustees' responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of trustees and signed on their behalf by:

R B Rosenberg Trustee

Date: 24/2/2026

Page 4

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025

Independent examiner's report to the trustees of The P A R Charitable Trust ('the charity')

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Page 5

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.

Signed: Dated: 20/2/2026

Cook & Partners Limited Jeffrey Alan Oliver Manufactory House Bell Lane Hertford Hertfordshire SG14 1BP

Page 6

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025

Note
Income from:
Donations
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net (expenditure)/income before net gains on
investments
Net gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
Unrestricted
funds
2025
£
13,488
61,629
75,117
177,846
177,846
(102,729)
39,913
(62,816)
4,863,576
(62,816)
4,800,760
Total
funds
2025
£
13,488
61,629
75,117
177,846
177,846
(102,729)
39,913
(62,816)
4,863,576
(62,816)
4,800,760
Total
funds
2024
£
2,733,950
51,112
2,785,062
228,990
228,990
2,556,072
149,099
2,705,171
2,158,405
2,705,171
4,863,576

Page 7

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

BALANCE SHEET AS AT 30 APRIL 2025

2025 2025 2024
Note £ £
Fixed assets
Investments 11 4,267,131 4,182,672
4,267,131 4,182,672
Current assets
Debtors 12 546,790 546,790
Cash at bank and in hand 35,343 141,074
582,133 687,864
Current liabilities
Creditors: amounts falling due within one
year 13 (48,504) (6,960)
Net current assets 533,629 680,904
Total assets less current liabilities 4,800,760 4,863,576
Net assets excluding pension asset 4,800,760 4,863,576
Total net assets 4,800,760 4,863,576
Charity funds
Restricted funds 15 - -
Unrestricted funds 15 4,800,760 4,863,576
Total funds 4,800,760 4,863,576

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

R B Rosenberg

Date:

24/2/2026

The notes on pages 9 to 16 form part of these financial statements.

Page 8

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1. General information

The P A R Charitable Trust is a charitable trust, registered in England and Wales, registration mumber 1010358. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102) and the Charities Act 2011.

The P A R Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in pound sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

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

2.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

2.3 Going concern

Considering current cash levels and confirmed future donations, the trustees have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. Therefore the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 9

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

2. Accounting policies (continued)

2.5 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.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.

Investments held as fixed assets are shown at cost less provision for impairment.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Creditors

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

2.10 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Page 10

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

3. Income from donations

Donations Total 2024

Unrestricte Total Total d funds funds funds 2025 2025 2024 £ £ £ 13,488 13,488 2,733,950 2,733,950 2,733,950

4. Investment income

Property income distributions
Dividend income
Interest income
Total 2024
Unrestricte
d funds
2025
Total
funds
2025
£
£
5,778
5,778
32,308
32,308
23,543
23,543
61,629
61,629
51,112
51,112
Total
funds
2024
£
4,871
23,699
22,542
51,112

5. Analysis of expenditure on charitable activities

Donations paid
Support costs
Expenditure on governance
Total 2024
Unrestricte
d funds
2025
Total
2025
£
£
148,000
148,000
27,571
27,571
2,275
2,275
177,846
177,846
228,990
228,990
Total
2024
£
195,000
28,705
5,285
228,990

Page 11

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

6. Analysis of grants

Donations paid
Total 2024
Grants to
Institutions
2025
£
148,000
195,000
Total
funds
2025
£
148,000
195,000
Total
funds
2024
£
195,000

The charity has made the following material grants to institutions during the year:

Name of institution
Gerddi Bro DdyFi Gardens
H.E.L.P. Community Help Centre
Hackney Doorways
Teenage Cancer Trust
The Charities Aid Foundation
The Mary Stevens Hospice
Sussex Underwater
Canine Partners
Creative Black Country
Good Shepherd
Wyre Forest Dial-A-Ride
Climate Earth
Horsefair and Proud
North Worcestershire Bereavement Society
Wolverhampton Wanderers Foundation
2025
£
5,000
16,000
10,000
45,000
10,000
32,000
-
-
-
30,000
-
-
-
-
-
148,000
148,000
2024
£
-
-
-
-
-
-
5,000
10,000
5,000
35,000
15,000
50,000
10,000
15,000
50,000
195,000
195,000

Page 12

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

7. Support costs

Endowment
funds
2025
£
Management fees
17,083
Legal and professional fees
10,488
27,571
Total 2024
28,705
Expenditure on governance
Endowment
funds
2025
£
Audit and independent examination fees
1,800
Bank service charges
475
2,275
Total 2024
5,285
Independent examiner's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
Fees payable to the charity's auditor in respect of:
The auditing of accounts of associates of the charity
Total
funds
2025
£
17,083
10,488
27,571
28,705
Total
funds
2025
£
1,800
475
2,275
5,285
2025
£
1,800
-
Total
funds
2024
£
22,508
6,197
28,705
Total
funds
2024
£
4,800
485
5,285
2024
£
-
4,800

8. Expenditure on governance

9. Independent examiner's remuneration

Page 13

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

10. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 30 April 2025, no trustee expenses have been incurred (2024 - £NIL).

11. Fixed asset investments

Cost or valuation
At 1 May 2024
Additions
Disposals
Revaluations
At 30 April 2025
Net book value
At 30 April 2025
At 30 April 2024
Listed
investments
£
2,182,672
166,747
(122,395)
40,107
2,267,131
2,267,131
2,182,672
Unlisted
investments
£
2,000,000
-
-
-
2,000,000
2,000,000
2,000,000
Total
£
4,182,672
166,747
(122,395)
40,107
4,267,131
4,267,131
4,182,672

The listed investments were valued on an open maket basis on 30 April 2025 by Quilter Cheviot, the investment managers.

12. Debtors

Gift aid recoverable 2025
£
546,790
2024
£
546,790
546,790
546,790

Page 14

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THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

13. Creditors: amounts falling due within one year

Trade creditors
Other creditors
Accruals
2025
£
2,904
39,000
6,600
48,504
2024
£
-
-
6,960
6,960

14. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 2,302,474 2,323,746

Financial assets measured at fair value through income and expenditure comprises of listed investments and cash at bank.

15. Statement of funds

Statement of funds - current year

Balance at
Balance at Gains/ 30 April
1 May 2024 Income Expenditure (Losses) 2025
£ £ £ £ £
Unrestricted funds
General Funds - all funds 4,863,576 75,117 (177,846) 39,913 4,800,760

Statement of funds - prior year

Balance at
Balance at Gains/ 30 April
1 May 2023 Income Expenditure (Losses) 2024
£ £ £ £ £
Unrestricted funds
General Funds - all funds 2,158,405 2,785,062 (228,990) 149,099 4,863,576

Page 15

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726

THE P A R CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

16. Summary of funds Summary of funds - current year

Balance at
Balance at Gains/ 30 April
1 May 2024 Income Expenditure (Losses) 2025
£ £ £ £ £
General funds 4,863,576 75,117 (177,846) 39,913 4,800,760

Summary of funds - prior year

Balance at
Balance at Gains/ 30 April
1 May 2023 Income Expenditure (Losses) 2024
£ £ £ £ £
General funds 2,158,405 2,785,062 (228,990) 149,099 4,863,576

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Fixed asset investments
Current assets
Creditors due within one year
Total
Unrestricte
d funds
2025
Total
funds
2025
£
£
4,173,450
4,173,450
675,814
675,814
(48,504)
(48,504)
4,800,760
4,800,760

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total
Unrestricted
funds
2024
£
-
-
-
-
Endowment
funds
2024
£
4,182,672
687,864
(6,960)
4,863,576
Total
funds
2024
£
4,182,672
687,864
(6,960)
4,863,576

Page 16

Docusign Envelope ID: 16DB0F0D-5442-48D7-8BEB-5F556BF7D726