Charlty numbgr: 1013844
THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023

THE MR & MRS PHILIP RACKHAM CHAR ￿ABLE TRUST
CONTENTS
Page
Roferen¢¢ and admlnlstrallve detalls of the Charlty, Its Truste86 and advisor5
Trustees. report
Independent examinges rgport
Statemont of flnanclal activities
Balance shoot
Notes lo the financial $tst¢rnents
7-15

THE MR & MRS PHIUP RACKHAAI CHAR￿ABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARI￿, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Trustees
Charles William Legh Ba￿att
Jonathan Tobias De Vwy Rush
John Stuart Jones
Charlty rggistgrgd
numbor
1013844
Prlnclpal offico
Kingfisher House
1 Gilders Way
Norwich
NR3 1UB
Accountants
Larking Gowen LLP
Chart8red Accountants
1st Floor. Prospect House
Rouen Road
Norwich
NR1 1RE
Bankers
Bardays Bank PLC
Red Lion Street
Norwich
NR13QH
Sollcltors
Birketts LLP
Kingfisher House
1 Gilders Way
Norvrich
NR31UB
stockbrokers
Barratt & CcKike
Opie Street
Norwich
NR13DW
Page 1

THE MR & MRS PHIUP RACKHAM CHAR ThABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 1 NOVEMBER 2023
The Trustees present their annual reFKfft togelher the finanoal statements of the Char5ty for the 2 November
2022 to 1 November 2023.
Objectlves and actlvltleg
a. Constltutlon, Objects and Actlvltles for the publlc benefft
The Mr & Mrs Philip Rad(ham Charitsble Tn￿t is 8 registered charity. number 1013844. and is constituted under
a Trust deed dated 5 August 1992.
The trustees shall hold the capital and income of the trust fund uwn trust, to apply the income and all or part of
the capital for charitable purposes and to make donath)ns lo charitable institutions as the trustoes considgr
appropriate. Particular preference 19 to be gNen to those institutions a$s￿lated with the supwrt and religf of
asthma suffereTS, asthma researth. the Samarilans and other Norfolk and Suffolk charities.
Grants amounting to £38,000 (2022: £138,5rA)) were made durlng the ￿al to charilable InstilLrtw)ns, as detailed
in note 4 to the finanual statements.
Financial revlew
a. Flnanclal posltlon and resgrves policy
It Is the policy of the charity to maintain approximately 1-2 ygaTS of inLX)ming resources in an unrestricted fund to
pmvida sufficient funds to respond lo emergency applications for grdnts which may arisB from time to time.
without needing to draw on the charivs capilal. At 1 November 2023 this fund amounted to £31.798 (2022:
£35.226). which is below the targel of 1-2 years of incoming resources.
The endowment fund represents tha original caFMlal of the charity wthich has been invested to maintain SLrfficignt
incoming resources lo cover charitable expendtture. At 1 November 2023, the endowment fund amounted to
£1,628,263 (2022= £1,595,586).
The endowment fund is not a pemianent 9ndowment. The Trust's goveming instrument provides that the capital
of the trust fund may be utilised as though it Were income. Henc& the chariws total funds of £1.660.061 (2022:
£1,630.812) are reserves free to apply within the objects of the charity al the trustees, discretion.
structure. governance and management
a. Organisational structure and declslon4naklng policies
The management of the Charity is the reS￿nsibIlIty of the Trustees who are elected and co-opted under the
terms of the Trust deed. New trustees may be appointed by a resolution of the trustees. The Trustees meet Iwice
gach year. Every matter shall be determined by Ihe majority of voles of the trustees present and voting on the
question. In case of equaltty of voles the Chairman of the meeting shall have a casting vote whether he has or
has not voted previousty on the same question bul no trustee in any other circumstances shall give more than
one vole.
Page 2

THE MR & MRS PHILIP RACKHAM CHARrrABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 1 NOVEMBER 2023
Statement of Trustses, rgsponsibilities
The Trustees are rgsponsible for preparing the Trustees. report and the financial statements in accordance with
applicablg law and United lQngdom Accounting Stsndards (unit￿ lfjngdom Generally Accepted Accounting
Pradice).
The law applicable to charities in England & Wales r4uires thè Trustees to prepare financial statements for
each financial which give a true and fair view of the slate of affairs of the Charity and of its incoming resources
and application of resources. includin9 its income and 8XP8ndituro, for that peri¢)J. In preparing these financial
statements, the Trustees are required lo=
select suitable accountiThJ pjlicies and then appty them Ixnsistendy.
obseN8 the methods and princFples of the Charibes SORP (FRS 102)..
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Slandards {FRS 1021 have been followed, subi8cI to any material
departures disclosed and explained in the financial slate￿nts.,
prepare the financial statements on the g(Nng concem basis unless it is inappropriate to presume that the
Charity wll continue in busin8SS.
The Trustegs arg rgsponsible for keeping adequate accounting reo)rds that are sufficient to show and explain
thg Charitys transactions and disclose with reasonable ac(#Jracy at any time the financial position of the Charity
and 9nable them lo ensure that the financial statements cy)mpty ¥￿th the Charities Acl 2011. the Charity
(Accounts and R8ports) Regulations 2008 and the provigions of the Trust deed. They ar8 also responsible for
safeguarding the assets of the Charity arKI h8nce for taking r8asonable steps for the prev&ntion and detection of
fraud and other irregularities.
Approved by order of the mgmbers of the board of Trustees and 8wJned on their behalf by:
Charles Wllllam Legh Barratt
Date: i.5.102
Page 3

THE MR & MRS PHIUP RACKHAM CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 1 NOVEMBER 2023
Ind9pgndtsnt examlnerfs report to the Tntstees of The Mr & Mrs Phlllp Rackham Charilable Trust
{Iho Charty.)
I report to the charity Trustees on my examination of the a(tounts of the Charity for the ygar ended 1 Novembgr
2023.
Responsibilitigs and basls of report
As the Trustees of the Charity you are res￿nSI￿e for Ihe preparation of the accounts in acwrdance with the
requirements of the Charities Act 2011 Cthe 2011 AGY>.
I report in respect of my examination of the Charitys accounts carried out under s8clion 145 of the 2011 Act and
in caryng out my examination I have follow&J the applKable Directions gwen by tha Charity Commission under
section 14515){b) of the 2011 Act.
Indep•ndent examlneffs statement
Your attention is drawn to the fact that the Charity has prepared the a(￿oUnt$ in accordance with Accounting and
Reporting by Chartiies.. Statement of Recommended Pracbce applicabl8 to charities preparirvj their accounts in
accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the A(xounling and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred lo in the extant regulat￿nS but has been wilhdrawn.
l understand that this has been done in order for the accounts to provide a tnje and fair view in accordance with
the Generally Accepted Accounb'ng Prdctice effective for le￿rtIr￿j periods Winning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have wme to my attention In cx)nrsection with th8
examination giving me cause to believe that in any material respect
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those reeords.. or
the accounts do not comply wtlh the applKable requirements con￿MIng the form and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accoijnls give a Nrue and fai¢ view which is not a matter considered as part of an independenl
examination.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Signed..
Giles Kerkham FCA DChA
Dated: 8. (K
Larklng Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 IRE
Page 4

THE hlR & MRS PHIUP RACKHAM CHAR￿ABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 1 NOVEMBER 2023
Endowment Unrestricled
funds
fund$
2023
2023
Total
nds
2023
Total
funds
2022
Nots
Incomè and gndowmgnts from:
Investments
43.312
43,312
47.540
Total In¢orne and endovfflwnts
43,312
43,312
47,540
Expgnditure on:
Charitable activities
46.856
46￿56
146,586
Tolal expendfture
46.856
46.856
146.586
Nel gainslllosses) on investments
32.677
13
32,690
(118.764)
Net movorngnt in fund5
32,6n
(3,5311
29,146
(217,810)
Reconciliation of funds:
Total funds brought forward
Net movamonl in funds
1.595.586
32,677
35226
(3,531)
1.630.812
29,146
1,848.622
(217,810)
Total funds carried forward
1,628.263
31.695
1.659,958
1,630.812
The Statement of financial activitses includes all gains and losses recognised in the year.
The notes on pages 7 to 15 fomi part of these financial statements.
Page 5

THE MR & MRS PHIUP RACKHAM CHARffABLE TRUST
BALANCE SHEET
AS AT 1 NOVEMBER 2023
2023
2022
Note
Flxed assets
Investments
1,605,545
1.571,618
1,605,545
1,571,618
Current assets
Investments
Cash at bank and in hand
28.773
30,789
30.667
33.506
64,173
Creditors: amounts falling due within one
year
(S,049)
(4.979)
Net currgnt assgts
54,513
59.194
Total net assets
1.660.058
1,630,812
Charlty funds
Endowment funds
Unrestricted funds
1,628,263
31.795
1,595.586
35,226
Total funds
1,660.058
1.630.812
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Charles William Lggh Barratt
Dale.. S.iaL4
The notes on pages 7 10 15 form part of these financial statements.
Page 6

THE MR & MRS PHIUP RACKHAM CHAR￿ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 1 NOVEMBER 2023
Accountln9 pollcles
1.1 Basis of preparatlon of flnanclal statements
The financial stslements have been prepared in aCCor(lan￿ with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Gharities
praparing their accounts in accordance wilh the Finanaal Rew)rting Standard applicable in the UK
and Republic of Ireland IFRS 102}, the Financk31 Reporbng Slandard appIl￿ble in the UK and
Republic of Ireland IFRS 1021 and the Charibes Act 2011.
The financial statement5 have been prepared to gNe a Irue and fairf wew and have departed from
the Charities {Accounts arKI Reports) Regulations 2008 onty to the gxtent required to provid8 a 'lrue
and faiff view. This departure has involved following the Charities SORP IFRS 102) published on 16
July 2014 rather than the Accounts"ng and ReportiNJ by Charths: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Thè Mr & Mrs Philip Rackham Charitable Trust meets Ihe definitK)n of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised at historical cx)st or transaction value unless
Othe￿Ise stated in the relevant ￿Counting FM)Iicy.
1.2 Incomg
All incom8 is recognised once the Charity has entitlement to th8 income, It is probable that the
income will be received and Ihe amount of income receIvab￿ can be measured reliably.
1.3 Exponditure
ExpgTKliture is rewnised once Ihere is a legal or constructive obligation to transfer economic benefit
lo a third party. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligat￿n can be measured reliably. Expenditure is classified by activity.
Expendi￿10 on charitable activities is incurred on directy undertaking the activities which further the
Charitrfs objectives, as well as any associated support eosts.
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 lo conditions which have not been mel at the year end are noted as a
commitrnent. but not accwed as expenditure.
1 A Interest rgcglvablg
Interest on funds held on dgPOSIt is induded when receivable and the amount can be measured
reliably by the Charity; this is normally upon notificatK)n of the interest paid or payable by th8
institution with whom the funds are deposited.
1.5 Investments
Fixod asset investments are a fomi of financial instrumenl and are initially recognised al their
Iransaclion cost and subsequenlly measured at fair value al th8 Balance sheet dale. unless the value
cannot be measured reliabty in which case it is measured al cost less impaim)ent. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'GainsllLossesl on
investments. in the Statement of financial activities.
Page 7

THE MR & MRS PHIUP RACKHAM CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Accountlng pollcles Icontlnued)
1.6 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-temi highly liquid investments with a short maturity
oflhree months or less from the date of a￿Ulsi￿n or opgniThJ of ts d6posit or similar account.
1.7 Llabllltles and provlslons
LiabilitBs aro r￿gnISed when there is an obligatM)n at the BaLqnce sheBt date as a result of a past
event, it is probable that a transfer of e￿)noMiC benefit will be rgquired in settlement. and the amount
of the setU8m8nt can be estimat￿1 reliabty.
Liabilities are recognised at the amount that the Charity anti￿pat￿S it will pay lo settle the debt or the
amount il has received as advanced payTnenls for the g¢xJds or services it musl provKJe.
1.8 Flnanclal Instruments
The Chatity onty has financial assets and financial liabilities of a kind that qualify as basic financial
instnjments. Basic ffinanual instruments are initially recognised at transaction value and subs9qU8nlly
measured at their settlement value wtth the exception of bank loans which are subsgqUgnUy
measured at amortised cost using the effective interest method.
1.9 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been dgsignatad for other
purposes.
The endowment fund is an expendable endowmenl fund representing the original capital provided by
the settlor, which has been invested in stock and shares. Income received is then Iransferrgd to th8
general lund.
Investment income. gains and losses are allocated to the appropriate fvnd.
Page 8

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Investmont Income
Unrestrlcted
funds
2023
Total
funds
2023
Investment income
Bank interest
43.073
239
43.073
239
43.312
43,312
Unrestrict8d
funds
2022
Total
funds
2022
Investment income
Bank intergst
47.531
47,531
47,540
47,540
Page 9

THE MR & MRS PHIUP RACKHAM cHAR￿A￿LE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Analysls of oxpendlture by actlvlt50s
Grant
funding of Govemance
activities
costs
2023
2023
Total
funds
2023
Charitable aGtivitigs Gosts
38.lY)O
8,856
46,856
Grnnt
funding ol Govemance
activthes
costs
2022
2022
Total
funds
2022
Ch8ritabla actNitie$ costs
138,5
8,086
146.586
Analy$l$ of support costs
Total
funds
2023
Total
funds
2022
Accountancy & EXaMinat￿n
Legal & Professional
2.580
6.276
2.136
5,950
8.856
8.086
Page 10

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Grants payable
2023
2022
Asthma R81ief
Asthma and Lung UK
Aylsham & District Care Trust
BEFA
BREAK
BUILD
Cancer Campaign in Suffolk
Connects & Co
EACH
East Anglian Air Ambulanc8
Eating Matters
Headway
H88r for Norfolk
Hebron Trust
1,500
51)0
500
500
500
500
500
500
500
500
500
500
500
1,000
500
500
1,000
soo
500
500
Macmillan Cancer Support
Marie Curie
Monkey Workshops CIC
NARA - The Breathing Charity
Norfolk C￿1zenS Adwc8
Norfolk Community Foundation - Norfolk Heart Trust
Norfolk Community Foundation - Nourishing Norfolk FurKI
Norfolk Family Carers
Prisrylla Ba(JM Hospice Appeal
RABI
RNAA
Samaritans - NoThMeh
Schoolreaders
Shine (East Norfolk)
st Edmunds Society
Stepping Stones
The Addington Fund
The Assist Trust
The County Trugt
The Excelsior Trust
500
1,000
500
s,000
500
500
1.000
1.OlX)
500
1,000
500
15,000
500
15,000
1,000
too.000
1,000
500
1,000
500
500
500
500
500
500
500
The Matthew Project
The Nancy Oldfield Trust
The Prince's Trust
soo
500
500
500
Page 11

ThE MR & MRS PHILIP RACKHAM CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Grants payable (conllnugd)
The YANA Project
Thomag8 Hall IndeperKl8nt Living
UEA
Wellspring Famity Centre
With
Wood Monkey
Wymondham Youth Bus
1,000
1.000
1.000
500
500
500
5,000
500
38,000
I38,￿
Fixed asset investments
Li$tgd
Investments
Cost or valuatton
At 2 November 2022
Additions
Disposals
Revaluations
1,571,618
239.412
(238,1751
32,690
At 1 November 2023
1.605,545
Net book value
At 1 November 2023
1,605,545
At l November 2022
1,571,618
The historical cost of fixed asset investments at 1 Novomber 2023 was £1,121,701 {2022'. £1,093,902).
Page 12

THE MR & MRS PHIUP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Credltors: Amounts falllng due wlthln ong yoar
2023
2022
Accountan¢y and EXaMinat￿n F88S
Legal and Prof8ssKfynal Fees
2,580
2,469
2.376
2,603
5.049
4.979
Flnanclal instruments
2023
2022
Finan¢ial assats
Finanual assets measured at fair value through Inwme and expenditure
1,605.545
1,571,618
Financial assets measured at fair value through incom8 and eX￿nd[lUre comprise listed inv9slmentg.
Page 13

THE MR & MRS PHIUP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
statsment of funds
statsment of fvnds - current year
Balance at 2
November
2022
Balance at 1
Gaingl Novombor
ILosse$}
2023
Income Expendi￿re
Unrestricted funds
Ggneral Funds
35,226
43,412
{46.8561
13
31,795
Endowment funds
Endowmonl Funds
1,595,586
32.677
1,628,263
Total of funds
1,630,812
43A12
146.856)
32,690
1,660.058
Statement of funds - prior year
Balance al
1 Novembei
2021
Balance 81
Gainw l Novemb81
(Losses)
2022
Incom8 Expenditu
Unrestrlcted fvnds
General Funds
136,939
47.540
(146.586)
(2.667)
35,226
Endowment funds
Endowment Funds
1,711,683
(116.097)
7,595,586
Total of funds
1,848,622
47.540
(146.586) (118.764)
1,630,812
Page 14

THE MR & MRS PHIUP RACKHAM CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2023
Analysls of ngt ass8ts ￿tweeTh funds
Anatysls of net assgts b•t¥rnen funds - ¢urrnnt year
Endowment Unreslrfctèd
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assBts
Creditors due within one year
1,604,295
23.968
1,250
35.594
{5,049}
1,605,545
59,562
(5.0491
Total
1.628.263
31.795
1.660,058
Analysis of net assets belw8en funds . prior y8ar
Endowment Unrestricted
fvnds
funds
2022
2022
Total
funds
2022
Fixed asset inveslments
1.571,618
23,968
1.571,618
64.173
(4,979)
Current assets
Creditors due wthin one year
40.205
(4,979)
Total
1.595.586
35.226
1,630.812
10. Rolatgd party transactions
During the current and previous year. no trustee received rernuneralM)n or reimbursement of ex￿n$69.
None of the trustees entered into any transa￿￿n, contract or other arraTrJemenl with Ihe charity, other
than those indicated below.
The firm of Birketts prowded legal services during the year on normal commercial lermg at a cost lo the
charity of £5.681 {2022: £5.3541. Of this sum, £2.470 was outstanding at the year end (2022.. £2.6031. JS
Jones is a partner at Birketts.
The firm of Barratt & Cooke. of vthich C W L Barratt is a Mn*xecutive director. provided stockbroker
services. During the year thay receNed and retained commissions and management fees amounting to
£5,672 (2022= £7.938).
Page 15