THE WORSHIPFUL COVWANY OF CHARTERED SURVEYORS CHARITABLE INVESTMENT FUND
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 30TH SEPTEMBER 2025
James Harman Pulborough West Sussex RH20 2HS
The Worshipful Company of Chartered Surveyors Charitable Investment Fund
INDEX
| CONTENTS | PAGE |
|---|---|
| Trustees Repolt | 1-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-13 |
The Worshipful Company of Chartered Surveyol's Charitable Investment Fund The Managing Trustees Report for the year ending 3()th September 2025
REFERENCE AND ADMINSTATIVL DETAILS
| Charity Registration Number 1012227 | ||
|---|---|---|
| 2 | The Managing Trustees who served during the year were | |
| GA Allison | 75 Meadway Drive, Horsell, Woking, Surrey GU21 4TF | |
| J Antill | ||
| A Belcher | ||
| D Bianco | ||
| D Boyne | ||
| JR Bryer | Sarasin & Partners | |
| J Buck | ||
| SA Camamile | Reliance Bank Limited | |
| D Carter | Faith House, 23-24 Lovat Lane, London EC3R 8EB | |
| R Davies | ||
| AD Flower | ||
| A Gowman | ||
| SR Jenkin | ||
| DW Jinks | ||
| 3 | Registered and Charity Office: | |
| 4 | Other relevant organisations are:- | |
| 5 | Invesllnent Managers: | |
| 6 | Bankers: | |
| R Kendall | ||
| MFW Larard | ||
| S Leonard | ||
| KW | ||
| Morg | ||
| an A | ||
| McD | ||
| onald | ||
| H Pickstock | ||
| N Parlett | Page 1 | |
| DAG Reynolds | ||
| CW Roberts | ||
| HM Soning | ||
| J | ||
| Wail | ||
| ach | ||
| RN | ||
| Watt | ||
| s | ||
| J Woodman |
The Worshipful Company Managing Trustees Report
of Chartered Surveyors Charitable Investment Fund for the Year ending 30 September 2025 (continued)
STRUCTURE, GOVERNANCE & MANAGEMENT
Format of the Accounts
The Financial Statement have been prepared in accordance Wilh accounting policies set out on page 9 and conp\y with the provisions of the[r] rrust Deed and the Charities Act 201 1 and the accounting and reporting by charities Statement of Recommended Practice applicable 10 charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Ireland.
GOVERNANCE AND MANAGEMENT
The Managing Trustees are the Master and Wardens and Members of the Court of the Worshipful Company of Chartered Surveyors. Anyone who is appointed or resigns as a member of the Court is automatically appointed or resigns as a Trustee of the Fund.
The Managing Trustees meet tour times a year and day-to-day administration is delegated to committees in accordance with the Goverance Policy and the Clerk. The Company is authorised Lo appoint new Trustees to fill in vacancies arising though resignation or death of an existing Trustee.
On appointment, ne[t] wv Trustees have received information on their role as a Trustee and on the Charity and are encouraged to visit and take part in various aspects ofthe Charity's work to gain a fuller understanding of the issues involved.
Constitution and Objects
The Company of Chartered Surveyors 1997 Charitable Trust Fund '*vas constituted by a Trust Deed dated 3 1st December 1977 and the Company of Chartered Surveyors 1992 Charitable Trust was constituted by a Trust Deed dated 31st December 1992.
These two Funds were pooled under a scheme dated 4th September 2003 to form the Company of Chartered Surveyors Charitable Investment Fund.
The main charitable objects are:
To continue to raise by donations in excess of per annum and to pay out to charities at least this sum during the year.
- 2 For the benefit of such exclusively charitable objects and purposes as the Trustees in their discretion see fit.
a) For the relief of poverty, advancement of education, awarding prizes in connection with examinations and the establishment and maintenance of
b) libraries and other facilities for members of the profession or any other recognised profession.
The Worshipful Company Managing Trustees Report
Page 2
of Chartered Surveyors Charitable Investment Fund for the Year ending 30 September 2025 (continued)
Funds
Expendable Endowment and Restricted Income Fund
"I'he capital of the L E Sutton Fund has becn invested to provide income for the award of up to $4,500 annually to enable a Surveyor or university graduate to undertake a research project on a subject of current interest which will help foster a better understanding of the built environment.
The income and capital of the Sydney Smith Fund is for the assistance of students in the surveying in need of financial assistance. Any unspent income is treated as part of the capital of the fimd. The capital of the fund is expendable at the discretion of the Trustees.
The income and capital of the Bursary Fund is for the assistance of pupils in four adopted schools going on to further education.
Unrestricted Funds
These funds are expendable at the discretion of the Trustees in the furtherance of the objects of the charity and include funds received from the Guy Bigyvood Award on 30th September 2009 following approval froln the Charity Commission.
Risk Management
The[y] rrustees have undertaken a risk review to identify risks to which the charity is exposed, in particular, those related to the operations and finances of the Charity and the[r] rrustees are satisfied thal adequate systems are in place to mitigate the Charity's exposure to those risks. The nature of the risks and associated systems and procedures will be regularly reviewed.
OB.JECTIVES AND ACTIVITIES
Grants Policy
The Managing Trustees determine lhe general policy of the Fund. The Managing Trustees consider applications from those meeting the objects as set out above.
Public Benefit
The objects of the Fund are as stated above. The Trustees confirm that they have referred to the guidance contained in the Charity Conunission's General Guidance on Public Benefit when reviewing the Fund's aims and objectives and in planning future activities and setting the grant making policy for the year.
The Worshipful Company of Chartered Surveyors Charitable Investment Fund Managing Trustees Report
Page 3
for the year ending 30th September 2025 (continued)
FINANCIAL REVIEW, ACHIEVEMENTS AND PERFORMANCE
The Trustees consider that the Charitable Fund's affairs are satisfactory al the year end. Net funds increased during the year to El, 747,513. 'l*he charily received income ofE463,437 (2024: E459,5 12) primarily from donations and investment income. The Fund continued to support various charities and educational establishments with grants, donations and fundraising events of
(2024: £344,69 Fundraising costs were NIL (2024: NIL). The market value of investments increased during the year from 31,517,990 to £1,634,8
The Trustees consider the fund will be able to fulfill its aims and objectives in the current year and for the foreseeable future.
Going concern
Due to the continuing support of our donors and the Trustees reserves policy as outlined below and after making appropriate enquiries, the[t] Trus1ees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeablc future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Investtnent Policy and Performance
The investments held by the Charity are managed in accordance with the powers available to the "I'rustees and with advice from independent investment managers. At the 30th September 2025 the investment portfolio showed unrealised losses of $8,661 and a gain on disposal of investments against historical cost ofE20, 28.
Reserves Policy
The Trust holds and accumulates capital funds for its purposes, in the context of its objectives as the principal instrument of the charitable giving of the Worshipful Company of Chartered Surveyors, which in common with the Livery movement generally, acts as a custodian and grantor of charitable funds over decades and in many cases, over centuries. in common with this overarching policy, the Trust approach seeks to grow and sustain giving in the long term.
It is the policy of the Charitable Board to distribute a minimum of 5()% of donations and income from fundraising events.
Having analysed the Fund's responsibilities and ongoing commitments, the Trustees are satisfied that the Fund retains proper reserves to cover expected outlay over the next three years, taking into account expected income and distributions and that the level of reserves is appropriate.
The level of reserves as at 30th September 2025 was £1,747,513 and includes unrestricted free reserves of £ l, 122,280 and restricted reserves of £625,233
ANNUAL RETURN INFORMATION
Charitable Accounts Prepared for 2024/2025
| Start Date 1st October 2024 | End Date 30th September 2025 |
|---|---|
| Gross Income | £463,437 |
| Gross Expenditure | £458,684 |
| Value of Grants Made | £384,689 |
of Chartered Surveyors Charitable Investment Fund The Worshipful Company
Managing Trustees Report for the year ending 30th September 2025 (continued)
ORGANISATION
The Bourd of Managing Trustees administers the Charity in accordance the Trust Deed.
Investment Powers
The Managing Trustecs are empowered within the Trust Deed to invest the funds ofthe Charity.
STATEMENT OF TRUSTEES' RESPONSIMLITIDS
The Trustees are responsiblc for preparing tbe Trustees' report and the financial statements in accordance With applicablc low and United Kingdom Accounting Standards Kingdom Generally Accepted Accounting Practice).
fie law applicable to Charities in England & Wales requires the Trustees to prepare financial statements for each financial period whlch give a true and fair view of the state of affairs of the Charity and of itg incoming resources and application of resources, including its income and expenditure, for that period, In preparing those finaneial statements, the Trustees are required to:
a select suitable accounting policies and then apply them consistently; a obscrvc the methods and principies in the Charities SORP (FRS 102) Ly thßke Judgementg and accounting estimates that are reasonable and prudent; o state whether applicable UK Accounting Standards (FRS 102) have been f0110"Ed, subject to nny material departures disclosed Hild explained in flie financial stntements; s prepare the finmciat statements on the going concern bøsis unless it is ingppropriatc to pigsu_me that the Charity will continuo in business,
The Trustees arc responsible keeping adequate accounting records that am sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the finønciul position of the Charity and enable them to ensure that the financial stHtements comply with the Charities Act 20] I , the Charity (Accounts and Reports) Regulations 2008 and (he provisions or the Trust deed. They are also responsible tor safeguarding the ascts of the Charity and hence for taking reasonable steps for the pævcntion and detection of fraud of and other irregularities.
PLANS FOR FUTURE PERIODS
Thc Charity envisages continuing with the relief of poverty for members of the profession, advancement ol' education and awarding bursaries and prizes consistent with maintaining its reserves polioy.
RELATED PARTIES
'l'he Charity was set up by the Worshipful Company of Chartered Surveyors and the present Trustees gre nll ntembers of a Court of that Company,
APPROVAL
of Chartered Surveyors Charitable Investment Fund We certi$' that the information given in these financial statements is correct (o the best of our knowledgc. Approved by the Trustees and signed on their behalf by
Chairman ol' the Chairty Committee
Dute.e28[th] April 2026
The Worshipful Company of Chartered Surveyors Charitable Investment Fund Independent Examiner's Report för the year ending 30th September 2025
Report to the Trustees of: 'I'he Worshipful Company of Chartered Surveyors Charitable Investment Fund Charity No: 1012227
Accounts for the Year ended 30th September 2025 set out on page 7-13
Respective Responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audil is not required for this year (under section 144(2) of the Charities Act 201 1 (the Act), and that an independent examination is needed
It is my responsibility to:
examine the accounts under section 145 of the 201 1 Act, to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5)(b) of the 2011 Act), and to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently. No opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner[t ] s Statement
In connection my examination, no matter has come to my attention:
which gives me reasonable cause to believe that, in any material respect, the requirements: . 10 keep accounting records in accordance with Section 130 of the 201 1 Act: and to prepare accounts which accord with the accounting records and 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, have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
This report is made solely 10 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 Date 12[th] May 2026 Name H.,I.W Harman Relevant Professional Qualification Body ICAEW Beedings Castle Nutbourne Lane Address Pulborough
West Sussex RH20 2HS
The Worshipful Company of Chartered Surveyors Charitable Investment Fund
Page 6
The Worshipful Company of Chartered Surveyors Charitable Investment Fund
Statement of Financial Activities 12 months to 30th September 2025
| 1992 | |||||||
|---|---|---|---|---|---|---|---|
| Charitable | Charitable | Bursary | Bigwood | Year ended | |||
| Notes | Trust | Trust | Fund | Fund | Total | 30/09/24 | |
| Incoming l'esources | |||||||
| Income from Investment Managers | 73,628 | 7,708 | 17,920 | 10,744 | 110,000 | ||
| Fees Received | 147 | 342 | 205 | 2,100 | |||
| Champions | 200,805 | 21,022 | 48,871 | 29,302 | 300,000 | 345,700 | |
| Donations and similar income | 12,076 | 1,264 | 2,939 | 1,762 | 18,041 | 32,502 | |
| Fundraising events | 7 | 190 | 441 | 264 | 2,705 | 13,300 | |
| Investment income | 14,835 | 5 | 22, 163 | 67,150 | |||
| Gift Aid | 5,641 | 591 | 1 | 823 | 8,428 | 860 | |
| Total incoming resources |
Resources expended
Charitable expenditure: Grants and donations 8 Management & administration 9 Total resources expended
Net incoming/(outgoing) resources Realised gains on investments Unrealised gains/(losses) on investments
Net movement in funds
Funds balances brought forward
Fund balances carried forward
The Notes on Pages 9 to 13 form part of the Accounts
| 310,201 | 32,475 | 75,496 | 45,265 | 463,437 | 459,512 |
|---|---|---|---|---|---|
| 257,492 | 62,667 | 37,573 | 384,689 | 693 | |
| 49,529 | 26,957 | 12,054 | 7,227 | 73,995 | 64,671 |
| 307,021 | 32,142 | 74,721 | 44,800 | 458,684 | 409,364 |
| 3,180 | 333 | 465 | 4,753 | 50,148 | |
| 13,473 | 775 | 1,966 | 20,128 | ||
| (5,797) | (607) | 3,279 | (846) | (8,661) | 119,849 |
| 10,856 | 16,220 | 178,120 | |||
| 2,643 | 1,585 | ||||
| 1,553, | |||||
| 121,318 | 282,034 | 169,099 | 173 | ||
| 122,454 | 284,677 | 170,684 |
The Worshipful Company
| FIXED ASSETS | 4 | 3,866 | |||
|---|---|---|---|---|---|
| Investments at market value | |||||
| Cash awaiting Investment | |||||
| CURRENT ASSETS Debtors Cash at bank |
3 4 4 |
J 94,000 45,385 88,765 99>787 |
144,210 10,411 |
||
| Cash investment managers | 339,172 | 243,086 | |||
| CREDITORS: Amounts falling | 5 | 125,869 | 134,250 | ||
| due within one year | |||||
| NET CURRENT ASSETS | 213,303 | 108336 | |||
| TOTAL NET ASSETS | 1,731,293 | 1,747,513 | |||
| THE FUNDS OF THE CHARITY | 6 | ||||
| 1977 Charitable Trust | |||||
| Unrestricted Fund | |||||
| General and Accumulated | |||||
| Fund Expendable Endowment Fund |
46,979 | ||||
| Mr S Smith | |||||
| 1992 Charitable Trust | |||||
| Restricted Income Fund | 20,786 | 20,981 | |||
| Mrs L E Sutton | |||||
| Expendable Endowment Fund | 1009532 | 101,473 | |||
| Mrs L E Sutton | |||||
| Bursary Fund | 282,034 | 284,677 | |||
| Guy Bigwood Award | 169,099 | 170,684 | |||
| TOTAL FUNDS | 1,73 1,293 | ||||
| of' Chartered Surveyors | 1,747,513 | ||||
| Charitable Investment | |||||
| Fund | |||||
| Year Ending 30th September | |||||
| 2025 |
Balancc Sheet
30 September 30 September 2024 2025 Notes £
22 1,5 17,990
Page
he Trustees and Signed on their The beh behalf by:Worshipful Company
Master D.W. Jinks
R.N. Watts
The Notes on Pages 9 to 13 ‘orn part of the Accounts
8
Page
The Worshipful Company
of Chartered Surveyors Charitable Investment Fund Notes to the Financial Statements For the year ending 30th September 2025
1 ACCOUNTING POLICIES
a) Basis of Preparation of financial statements
The financial statements have been prepared in accordance with Charities SORP (FRS 1 02) - Accounting and Reporting by Charities: Statement of Recomnended Practice applicable to the charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and republic of Ireland (FRS 102) (effective I Janua1Y 2019), the Financial Repolting Standard applicable in the UK and republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'fiue and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Worshipful Company of Chartered Surveyors Charitable Investment Fund 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 investments making up the six funds have been amalgamated for investment purposes. Income, Expenditure and Capital Gains and Losses during the year are apportioned on the basis of the opening balance of each fund at the beginning of the year.
b) Cashflow Statement
The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.
c) Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the alnount can be quantified with reasonable accuracy.
d) Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headi_ngs that aggregate all cost related to the category,
e) Investments
Investments are stated in the balance sheet at market value. The differences between Inat•ket value and origianl cost of the investments are shown as unrealised investment gains or losses and transferred to the incolne and expenditure account. The difference between the balance sheet value and the proceeds of investments disposed of is shown as a gaWloss in the statement of financial activites.
f) Going Concern
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carlYing value of assets held by the Charity.
g) Taxation
The Charity is registered with the Charity Commission and therefore no income or capital taxes are payable on any part of its activities. Value added tax is incurred on certain categories of expenditure and is not recoverable.
h) Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page
The Worshipful Company Pa¥e
The Worshipful Company Chartered Surveyors Charitable Investment Fund Financial (Continued) For the year ending 30th September 2025
of
Notes to the Statements
| 2024 | 2025 | ||
|---|---|---|---|
| 2 | FIXED ASSET INVESTMENTS ARE REPRESENTED BY: | ||
| Lloyds Bank 3000 ordinary shares | I ,570 | 3,650 | |
| Sarasin Endownment Fund | 16,420 1,516,420 |
||
| 1,631,161 | 1,517,990 | ||
| 1,634,811 | 1,234,410 | ||
| Historic Cost1,641,275 | |||
| 2024 | 2025 | ||
| 3 | DEBTORS | ||
| Accounts receivable | 110 | ||
| Bursaries Paid In Advance | 114,000 | 58,700 | |
| Debtors Champions | 80,000 | 85,400 | |
| The Lloyds Bank shares are palt of the Bursaw Fund Assets, the balance of the fund being invested. | The Lloyds Bank shares are palt of the Bursaw Fund Assets, the balance of the fund being invested. | ||
| 194,000 | 144,210 | ||
| 2024 | 2025 | ||
| 4 CASH AT BANK | 4 CASH AT BANK | ||
| 2024 | 2025 | ||
| 5 | CREDITORS: AMOUNTS FALLING DUE 'WITHIN ONE YEAR | ||
| Amount due to Company | 20,869 | 49,333 | |
| Other Creditors | 15,000 | 8,692 | |
| Grants paid in advance | 50,000 | ||
| Sponsors payments in advance | 40,000 | 76,225 | |
| Reliance Bank | 45,385 | 88,765 | |
| Cash with investment managers: | |||
| Sarasin & Partners | 99,787 ———_— |
10,111 | |
| 125,869 | 134,250 |
Page
The Worshipful Company Chartered Surveyors Charitable Investment Fund Financial (Continued) For the year ending 30th September 2025
10
Page
The Worshipful Company Chartered Surveyors Charitable Investment Fund Financial (Continued) For the year ending 30th September 2025
of
Notes to the Staten-lent-s
| 6 STATEMENT OF FUNDS | ||||||
|---|---|---|---|---|---|---|
| 30/09/2024 | Income Expenditure | Investment | 30/09/2025 | |||
| Gains/ | ||||||
| (Losses) | ||||||
| 1977 Charitable Trust | ||||||
| Unrestricted Fund | ||||||
| General and Accumulated Fund | 1 1,863 151 |
1 1,863 | 297,626 | (294,574) | 7,365 | |
| Expendable Endowment Fund | ||||||
| Mr S Smith | 46,979 | 12,575 | (12,447) | 311 | 47,418 | |
| 1992 Charitable Trust | ||||||
| Restricted Income Fund | ||||||
| Mrs L E Sutton | 20,786 | 5,564 | (5,507) | 138 | 20,981 | |
| Expendable Endowment Fund | ||||||
| Mrs L E Sutton | 100,532 | 26,911 | (26,635) | 665 | 101,473 | |
| Bursary Fund | 282,034 | 75,496 | (74,721) | 1,868 | 284,677 | |
| Guy Bigwood Award | 169,099 | 45,265 | (44,800) | 170,684 |
The Worshipful Financial
Chartered Surveyors Charitable Investment Fund (continued) for the year ending 30th September 2025
GRANTS AND DONATIONS
| Education | Education | |||
|---|---|---|---|---|
| Chartered Surveyor's Bursaries | 240,000 | 300,000 | ||
| Pathways to Property | 20,000 | 20,000 | ||
| Schools Education Initiative | Company of | |||
| Notes to the Statements Guildhall School of Music & Drama Awards |
10,000 | 1,000 | ||
| School Bursaries | 32,000 | 2,560 | ||
| Central School for Ballet Awards | 2024 16,800 |
2025 16,800 |
||
| School Hardship Fund | 315 | |||
| 7 | FUNDRAISING EVENTS - Income Coutts Reception City Giving Day Rugby Dinner CISL (IDBE) Master's Scholarship Young Enterprise Unifrog |
661 12,639 10,000 335,710 |
795 15,000 4,380 5,580 375,635 |
|
| Ballet Visit | 297 | |||
| Buildings Tour | —_____— | 1,613 | ||
| 13,300 | 2,705 | |||
| 2,133 | ||||
| Other | ||||
| Master's Purse | 250 | 1,000 | ||
| 5,000 | ||||
| 1,600 | 1,500 | |||
| 6,850 | 2,500 | |||
| 344,693 | 384,689 |
The Worshipful Financial
Chartered Surveyors Charitable Investment Fund (continued) for the year 30th September 2025
Company of Notes to the Statements ended
| 2024 | 2025 | ||
|---|---|---|---|
| 9 | MANAGEMENT COSTS | ||
| Administration costs and education initiative expenses | 7,850 | ||
| Accountancy & bookkeeping (includes prior year timing | 19,145 | 24,175 | |
| adjustment) | |||
| Trustee indemnity insurance | 403 | ||
| Investment Management Fees | 3,666 | 2,598 | |
| Clerks Sala1Y | 12,861 | ||
| Bank Charges | 1 19 | 277 | |
| Printing and Postage | 116 | ||
| Independent Examiner's Fee | 1,300 | ||
| Bursary programne Manager's Fee and Expenses | 18,677 | 28,417 | |
| Office costs | 1,834 | ||
| 64,671 | 73,995 |
10 TRUSTEES' EXPENSES
No trustee received any remuneration or reimbursement of expenses from the charity during the year (2024: Nil). During the year the charity paid E 1,307 (2024: E403) in relation to Trustee Liability Insurance
11 RELATED PARTY TRANSACTIONS
During the year the Trustees made donations to the Charity amounting to $5,105 (2024: €5,665) The Worshipful Company of Chartered Surveyors, the Charity's associated Lively Company, received donations totalling €20,000 (2024: E8,623) which were paid over to the Charity. The Company also paid expenses and donations totalling $40,214 (2024: €40,469) on behalf of the Charity which were reimbursed.
The Worshipful Company of Chartered Surveyors have provided the services of their Clerk to act as secretary to the trustees. The Company reimbursed the Charity for the cost of Educational Initiative expenses totalling E7,850 (2024: £7,850)
At the Year End €49,333 (2024: was owed to the Company and is included in creditors
12 POST BALANCE SHEET EVENTS
There have been no events since the balance sheet date which require adjustment to or additional disclosure i_n these financial statements.
The Worshipful Financial
Chartered Surveyors Charitable Investment Fund (continued) for the year 30th September 2025
Page 13