Charlty number: 1013844
THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
CONTENTS
Page
Roference and admlnlstrative d8tall8 of the Charlty, Ils Trustees and advlsers
Trustees, report
Ind8p8nd8nl axamlner's report
Statement of flnanclal actlvllles
Balance Sheet
Not08 to Ihe flnanclal statements
7-15

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Truslees
Charles William Legh Barratt
Johnathan Tobias Deveci Rush
John Stuart Jones
Charlty r8glstered
number
1013844
Prlnclpal offlce
Kingfisher House
1 Gilders Way
Norwich
NR3 1UB
Accountants
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR11RE
Banker8
Barclays Bank PLC
Red Lion Street
Norwich
NR13QH
Sollcltors
Birk8tts LLP
Kingfish8r House
1 Gilders Way
Norwich
NR3 1UB
Stockbrokers
Barratt & Cooke
5-6 Opie Street
Norwich
NR13DW
Page 1

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 1 NOVEMBER 2024
The Trustees present thair annual report together with the financial statements of th8 Charity for th8 2 Novemb8r
2023 to 1 November 2024.
Objectives and activitles
a. Constltutlon, Objects and Activities for tho publlc beneflt
The Mr & Mrs Philip Rackham Charitable Trust is a regist8red charlty. 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 upon trust, lo apply the income and all or part of
Ihe capital for charitable purposes arsd to make donations to charitable institutions as the trustees consider
appropriate. Particular preference is to b8 given to those institutions associatad with the support and relief of
asthma sufferers, asthma research, the Samaritans and other Norfolk and Suffolk charities.
Grants amounting to £28,220 (2023.. £38,000) were made during the year to charilable institutions, as detailed in
note 4 to the financial statements.
Flnanclal revlew
a. Flnanclal posltlon and reserve8 poIIcy
11 Is the policy of the charily to maintain approxlmately 1-2 years of incoming resources in an unrestricted fund to
provide sufficient funds to respond to emergency applications for grants which may arise from time lo time,
without needing to draw on the charitls capital. At 1 November 2024 this fund amounted to £39,440 (2023:
£31,795), which is below the target of 1-2 years of incoming resources.
The endowm8nl fund represents the original capital of tha charfty whlch has bean Invesled to malntaln sufficiant
Incoming resourc8S to cover charitable expenditure. At 1 November 2024, the endowment fund amounted to
£1.737,279 (2023.. £1,628,263}.
The endowment fund is not a permanenl endowment. The Trust's governing instrument provides that the capital
of the trust fund may be utilised as though il were income. Hence the charity's total funds of £1,776,719 (2023:
£1,660,058) are r8S8rves free to apply wlthln the objects of the charity al the trustees, discretion.
Structure, governance and managament
a. Organlsatlonal structure and decision-making policies
The management of the Charity is the responsibility of the Trustees who are elected and co-optad under the
terms of the Trusl deed. New trustees may be appointed by a resolution of the trustees. Th8 Trustees meet twice
each year. Every malter shall be determined by the majority of voles of the Iruslees present and voting on the
question. In case of equality of votes the Chairman of the meeting shall have a casling vote whether he has or
has not voted previously on the same question but no trustee in any other circumstances shall give more than
one vote.
Page 2

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 1 NOVEMBER 2024
Statement of Tru$te8s' responslbllltles
Th8 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 Trust88S to prepare financial statem8nts for
each flnancial which give a true and fair view of the stale of affalrs of th8 Charity and of its incoming resources
and application of resources, including its Income and expenditure, for that period. In preparing these financlal
statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimales that are reasonable and prudent.,
state wheth8r applicable UK Accountlng Slandards {FRS 1021 have been followed, subject to any malerlal
departures dis¢los8d and 8xplained in the financial statements.,
prepare th8 financial stalements on th8 going concern basis unless it is inappropriate to presum8 that th8
Charily will continue in business.
The Trustees are responsible for keeplng adequate accounting r8cords that are sufficient to show and &xplaln
the CharIt￿S transactions and disclose with reasonable accuracy al any time the financial position of the Charlty
and enable them lo ensure that th8 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 th8 board of Trustees and signed on their behalf by..
Charles Willlam Legh Barratt
Dat@.'ii.S IC
Page 3

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 1 NOVEMBER 2024
Independent examlnèr's report to the Trustees of The Mr & Mrs Phlllp Rackham Charltable Trust
('the Charity.)
I report to the charity Trustees on my 8xamination of th8 accounts of th8 Charity for th8 y8ar 8nd8d 1 November
2024.
Responslbllltlos and basls of report
As th8 Truslees of the Charily you are responsibl8 for the preparation of the accounts in accordance with the
r8quir8ments of the Charltles Act 2011 ('tha 2011 Act,).
I report in respect of my examination of Ihe Charitys 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(51(b) of the 2011 Act.
Independent examlnerf8 Stalement
Your attention is drawn to the fact that the Charity has prepared Ihe accounts in accordance with Accounting and
Reporting by Charities: Slatement of Recommended Practice applicable to charitie5 preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in
pr8ference 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 have completed my examlnation. I confirm that no matters have com8 to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounlSng records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord wilh those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts Sel out in the Charities (Accounts and Reports) Rggulalions 2008 olh8r than any requirement
that the accounts give a 'tru8 and fair, view which is not a matter considgred as part of an independent
examination.
I have no concerns and have come acros5 no other matters in connection with the examination to which
attention should be drawn in Ihis report in order lo enable a proper understanding of the accounts to be reached.
Signed..
Gi18s Kerkham FCA DChA
Dated.. 14 ).27
Larking Gowen LLP
Chartered Accountanls
1s1 Floor, Prospect House
Rouen Road
Nornich
NR11RE
Page 4

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 1 NOVEMBER 2024
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Investments
45,729
45,729
43,412
Total Income and endowmonts
45,729
45,729
43,412
Expendlture on:
Charitabl8 aclivities
38,287
38.287
46,856
Total 6xpondlture
38,287
38,287
46,856
Nel gains on investments
109,016
203
109,219
32, 690
Net movomant In funds
109,016
7,645
116,661
29,246
Reconclllatlon of funds:
Total funds brought forward
Net movement in funds
1,628,263
109,016
31,795
7.645
1,660,058
116,661
1,630,812
29,246
Total funds carrled foThvard
1,737,279
39,440
1,776,719
1,660,058
The Stat8m8nt of financial actlv5tles Sncludes all gains and losses recognlsed In the year.
The notes on pages 7 to 15 form part of these financial statements.
Page 5

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
BALANCE SHEET
AS AT 1 NOVEMBER 2024
2024
2023
Note
Flxed assets
Investments
1.718,237
1, 605.545
1,718,237
1, 605,545
Current assets
Cash at brokers
24,472
39,770
28, 773
30, 789
Cash at bank and in hand
64,242
59,562
Creditors.. amounts falling due within one
year
(5,760)
(5.049)
Net current a$8ets
58,482
54,513
Total net assots
1,776,719
1,660,058
Charlty funds
Endowment funds
Unrestricted funds
1,737,279
39,440
1, 628.263
31,795
Total funds
1,776,719
1,660,058
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Charles William Le
Date.. IS. 7.2<
The notas on pages 7 to 15 form part of these financial stalements.
Page 6

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Accounting policles
1.1 Bas18 of preparation of financial statements
The financial statements have been prepared in accordance wlth the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Slatemant of Recommended Practice applicable to charilies
pr8paring their accounts In accordance wlth th8 Financial Reportlng Standard applicable in the UK
and Republic of Ireland IFRS 102}, the Financial Reportlng Standard applicable In the UK and
Republic of Ireland (FRS 102) and the Charities Act 2011.
The Mr & Mrs Philip Rackham Charitable Trust m88ts th8 definltlon of a public benefit entlty under
FRS 102. Assets and liabilities are Initially recognised al historical cost or transactlon value unless
otheMSse stat8d in the relevant accounting policy.
1.2 Income
All income Is recognised onc8 th8 Charity has entltlement to the income, It Is probab18 that the
Income will be received and the amount of income recelvable can be measured reliably.
1.3 Expendlture
Expenditure is recognised once there Is a legal or constructive obligation to transfer economlc benefil
to a third party, it is probable that a transfer of economic benefits will be raquired in settlement and
the amount of th8 obligation can be measured reliably. Expenditure Is classlfied by 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 wh8n the offer is made exc8Pt in those cases where th8 offer
Is conditional, such grants belng recognised as 8xpendilure when the conditions altaching ar8
fulfilled. Grants offered subject to conditions which have not been met at th8 year end are noted as a
commitment, but not accrued as expenditure.
1.4 Interest recelvable
Interest on funds held on deposit is included when recelvabl8 and the amount can b8 measured
roliably by the Charity., this Is normally upon nolification of th8 interest paid or payabl8 by the
institution with whom the fund5 are dgPOSited.
1.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cosl and subsequenlly measured al fair value at the Balance sheet dalo, unless the value
cannot be measured reliably in which case il is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses) on
investmenls, in the Statement of financial activities.
1.6 Cash al bank and In hand
Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from Ihe date of acquisition or opening of the deposit or similar account.
Page 7

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Accountlng policies (continued)
1.7 Liabilities and provlslons
Liabilities are recognised when there Is an obligation al the Balance sheel date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settl8ment, and th8 amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has r8ceived as advanced payments for the goods or servic88 it must provide.
1.8 Flnanclal In81rument8
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured at their settlement value with th8 exception of bank loans which are subsequently
measured at amortised cost using th8 effectiv8 int8r8St m8thod,
1.9 Fund accounllng
General funds are unreslricled funds which are evailable for use al the discretion of the Trustees In
furtherance of the gen8ral objactives of the Charity and which have not been designated for other
purpos8S.
The endowment fund is an expendable endowment fund representing the original capital provided by
the settlor, which has been invested in stock and shares. Income received is then transferred lo the
general fund.
Inveslment Income, gains and losses ar8 allocat8d to th8 appropriate fund.
Page 8

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Inveslment Income
Unrostrlcted
funds
2024
Total
funds
2024
Investment income
Bank interest
44.969
760
44,969
760
45,729
45,729
Unr8Strlcted
funds
2023
Total
funds
2023
Inveslmenl income
Bank interest
43,173
239
43,173
239
43,412
43,412
Page 9

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Analysis of expenditure by actlvltles
Grant
fundlng of Governance
a¢tlvltlès
costs
2024
2024
Total
funds
2024
Charitable activities costs
28.220
10,067
38,287
Grant
funding ol Governance
activitl8S
costs
2023
2023
Total
funds
2023
Charitable activities costs
38, 000
8,856
46, 856
Analys18 of Support costs
Total
funds
2024
Total
funds
2023
Accountancy & Examination
Legal & Professional
2,706
7,361
2,580
6,276
10,067
8,856
Page 10

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Grants payable
2024
2023
33rd Norwich Scouts
Age Concern North Norfolk
Asthma R81i8f
Asthma and Lung UK
Aylsham & Dlstrlct Care Trust
Barnham PCC
1,000
500
500
500
500
500
500
5,000
500
BEFA
BREAK
500
500
500
BUILD
Caring Together {Norfolk Young Car8rs Forum)
Connects & Co
Dawns Naw Horlzon
EACH
East Anglian Air Ambulance
Eating Matters
Headway Norfolk & Waveney
Hear for Norfolk
Heritage House
Macmillan Cancer Support
Monkey Workshops CIC
Musical Keys
Nansa
NAK4- The Brealhing Charity
New-u
500
500
500
500
500
1,000
1,000
500
1,000
500
500
500
500
500
500
500
5,000
500
500
500
500
Norfolk Citizens Advice
Norfolk Community Foundation - Norfolk Heart Trust
Norfolk Community Foundation - Nourishing Norfolk Fund
Norfolk FYFC
North Norfolk Communily Tran5POrt
Open Road West Norfolk
Priscilla Bacon H05pice
RNAA
500
1,000
1,000
1,220
500
500
15,000
1,000
1,000
1,000
1,000
500
500
500
1,000
Schoolreaders
Shine (East Norfolk)
stepping Stones
The Addinglon Fund
The Benjamin Foundation
500
Page11

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Grants payable (contlnued)
The Charles Burrell Centre
The Country Trust
The Excelsior Trust
The Gloucester 1682 Charitable Trust
The Hamlet Charity
The Matthew Project
The Nancy Oldfiold Trust
The Norfolk Hospice Tapping House
The Prince's Trust
The YANA Project
Thornage Hall Independent Living
Time Norfolk
UEA
We115prlng Family Centre
Y8SU
1,000
1,000
500
500
1,000
500
500
500
500
500
1,000
1,000
1.000
500
1,000
500
500
28,220
38, 000
Flx8d asset Inveslments
Llsted
Investments
Cost or valuation
Al 2 November 2023
Additions
1,605,545
230,992
(227,5191
109,219
Disposals
Revaluations
At 1 November 2024
1,718,237
Net book valua
At 1 November 2024
1,718,237
At 1 November 2023
1,605,545
The historical cost of fixed asset investments at 1 November 2024 wa5 £1,199,979 (2023: £1,121,701).
Page 12

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Creditors: Amounts falllng duo wlthln on8 year
2024
2023
Accountancy and Examination Fees
Legal and Professional Fees
2,706
3,054
2.580
2.469
5,760
5,049
Flnanclal Instruments
2024
2023
Flnanclal assets
Flnanclal assets measured at falr value through income and expenditure
1,718,237
1,605,545
Financial assets measured at fair valu8 through income and expenditure comprise listed investmants.
Page 13

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Statement of funds
statement of funds - current year
Balance at 2
November
2023
Balance at 1
Galnsl November
(Losses)
2024
Income Expenditure
Unr8strlcted funds
General Funds
31,795
45,729
(38,287)
203
39,440
Endowment funds
Endowment Funds
1,628,263
109,016
1,737,279
Total of funds
1,660,058
45,729
(38,287)
109,219
1,776,719
Statement of funds - prlor year
Balanc8 al
1 Nov8mb8r
2022
Bal8nc8 at
Gainsl l November
(Losses)
2023
Incom8 Expendlture
Unreslrlcted funds
General Funds
35,226
43,412
(46,856)
13
31,795
Endowment funds
Endowment Funds
1,595, 586
32,677
1.628,263
Total of funds
1,630,812
43,412
(46,856)
32,690
1,660, 058
Page 14

THE MR & MRS PHILIP RACKHAM CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2024
Analysis of nel assets between funds
Analysis of net assets between funds - current perlod
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Fixad asset investment5
Current assets
Creditors due within one year
1,713.311
23,968
4,926
40,274
(5,760)
1,718,237
64,242
(5,760>
Total
1,737,279
39,440
1,776,719
Analysls of nat assets between funds - prlor perlod
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Flxed asset investments
Current assets
Creditors due within one year
1, 604,295
23,968
1,250
35,594
(5, 049)
1, 605,545
59, 562
(5,049)
Total
1,628,263
31,795
1,660,058
10.
Related party transactlons
During the current and previous year, no trust88 received remuneration or relmbursem6nt of expenses.
None of the trusteas 8nt8red into any transaction, contract or oth8r arrangement with the charity, other
than those Indicaled below.
The firm of Birketts provided legal services during the year on normal commercial terms at a cost lo the
charity of £6,20012023.. £5,681). Of this sum, £3,054 wa5 Outstanding at the year end (2023- £2,470)- JS
Jonos is a partner at Birketts.
The firm of Barratt & Cooke, of whlch C W L Barratt is a non-executive director, provided stockbroker
services. During the year they received and retained commissions and management fees amounting to
£5,503 (2023.. £5,672).
Page15