PAT ALLSOP CHARITABLE TRUST
TRUSTEES, REPORT AND ACCOUNTS
for the year ended 31 August 2024
Approved by the Trustees on the 18th day of
February
2025
(WJK Taylor)
IS Tyler)
{Ai Hoban)
(CL Pugsley)
LEE BOLTON MONIER-WILLIAMS LLP
l The Sanctuarv
Westminster
London SWIP 3JT

PAT ALLSOP CHARITABLE TRUST
PART A:
Legal and Administrative Information
Name of Charity:
Pat Allsop Charitable Trust
Charity Number:
1030950
Principal Address:
c/0 Lee Bolton Monier-williams LLP, l The Sanctuary,
Westminster, London SWIP 3JT
Governing Document:
A Trust Deed dated the 23rd day of January 1976 and made
between Patrick Thomas Falconer Allsop111 and the
Partners of Allsop & Co. and H B Dehn {21
The persons legally responsible for
the control and management of the
Charity:
The Trustees who are Mr Wayne Taylor, Mr Scott Tyler, Mr
Andrew Hoban and Mrs Catherine Pugsley
Advisors:
Solicitors
Lee Bolton Monier-williams LLP of l The Sanctuary,
Westminster, London SWIP 3JT
Investment Advisors & Portfolio
Managers
Rathbones Group plc incorprating Investec Wealth &
Investment of 30 Gresham Street, London EC2V 7QN
Independent Examiner
Thomas Ward FCA
Restrictions in the Charity's
governing document:
The Charity's objects are for education and the relief of
poverty. The Charity has no permanent endowment.
Investment Powers:
The Charity has unrestricted investment powers. The
Trustee Act 2000 does not extend the investment powers of
the Trustees.
Investments
The investments are held in the name of the nominee
company of Investec Wealth & Investment or are held by
overseas agents to order of Investec Wealth & Investment.

PART B:
Narrative Information
Aims and Organisation
The main purposes and objects for which the Charity is established are the furtherance of education,
including the payment of school fees, and the relief of poverty. The organisation of the Charity is that
it is managed by the Trustees and has no paid staff; under the terms of the Governing Document
professional trustees are entitled to be remunerated. The Charity uses professional advisers to carry
out administrative tasks in connection with the furtherance of its charitable objects. The Trustees
have meetings once or twice each year in which they determine the aims of the Charity during the
following period,, those aims are then carried out by the authority of two or more of the trustees.
The Charity achieves its objects by making donations to other registered charities and by supporting
research.
The original founder of the charity was a partner in Allsop & Co, Chartered Surveyors, Auctioneers and
Property Managers. The Trustees bear this in mind when determining the charitable donations to be
made. in that they favour donations which have connection5 With the surveying and propertv
management professions, and support educational projects which are connected with those
professions.
The Trustees have maintained the Charity's alms and organisation without major changes in the year.
Review of Progress and Achievements
During the financial year of the Charity, the Trustees continued to make donations as set out in
Schedule 111, making a number of major donations lover £2,500) and some Smaller donations in order
to support charities which the Trustees consider to be particularly deservingi
or charities which have a
connection with the surveying profession or the firm of Allsop LLP. The Trustees made larger
charitable donations du ring the year comprising:
*LandAid
Jewish Care
St Gemma's Hospice & Macmillan Cancer Support
£30,000
£7,500
£4,000
The total donations were £50,500
* Please note that there were three payments of £10,000 to LandAid within this financial year.
The value of the trust assets at 31 August 2024 was £1,330,410131.08.2023 - £1,253,248) including
cash balances.
Review of Financial activities and affairs
Although the Trust does not have a permanent endowment, the policy of the Trustees is to maintain

the capital of the Trust and (subject to the investment policy set out below) to make charitable
donations out of the income of the Trust. in order to ensure that the Trust Fund is maintained, and
that the charitable intentions of the founder of the Charity can continue in the future.
The trust has received payments from Allsop LLP and its associated companies which comprised
balances held by them from rent deposits, purchase deposits and payments on account of rentlservice
charges. The persons entitled to these balances were not able to be identified by Allsop LLP, and as a
result they were donated to the Pat A1150p Charitable Trust, on the basis that if the persons entitled to
the funds or a part of them, made a claim against Allsop LLP, the funds would be returned to them.
The Trustees have entered into Deeds of Indemnity with Allsop LLP accordingly. The amounts
received by the Trust have been shown in the Annual Accounts, and were £40,788 in October 2012,
£65,833 in October 2014 and £81,602 in February 2019.
During the year the gross investment income received was £32,608 before expenses, and the total
income for the year 2024125 is estimated to be c£31,500, so that lafter expenses) the amount of
income available for donations would be approximately £26,500. However, the Trustees have decided
that the investment of the trust fund should be on a total return basis, as the Trustees consider too
much emphasis on an income return reduces the scope to make capital gains. and that a greater
overall return can be achieved by investing in this way. The Trust portfolio is now managed with a
primarily 'Growth' objective and the holdings of fixed interest stocks, which provide a higher yield.
have been su bstantially reduced.
It is the intention of the Trustees to make donations totalling approximately 4% of the value of the
trust fund each year, which will amount to c£53,000 based on the current value of the fund, with the
excess over the actual income return being funded from the capital of the Trust.

CAPITAL ACCOUNT
2024
2023
Balance at 31 August 2023
1,251,827.01
1,294,275.88
ADD
Gain on sale of investments
7,628.40
0.00
Equalisation payments
87.96
268.16
7,716.36
268.16
LESS
Loss on sale of investments
0.00
4,033.81
Investment management fees
12,087.82
12,129.48
Transfer5 to Income Account
25,000.00
20,000.00
137,087.821
136,163.291
Change in market value
107,833.68
16,553.741
Balance at 31 August 2024
1,330,289.23
1.251,827.01

INCOME ACCOUNT
2024
2023
Balance at 31 August
1,421.31
484.11
Income from investments managed by Investec..
UK Dividends
UK Interest
liiil UK Unit Trust Interest
livl UK Unit Trust Dividends
Iv)
Overseas Dividends
Ivil Overseas Interest
Iviil Deposit Interest
6,422.41
756.18
0.00
11,784.78
6,013.77
6,342.10
1,010.24
4,597.44
242.99
5,573.57
10,997.33
6,874.25
3.922.32
440.29
Untaxed accrued income on sale of Gilts
112.59
0.00
32.442.07
32,648.19
Interest on LBMW client account
166.41
0.00
Greentree - Donation
0.00
15,000.00
Advances from Capital
25,000.00
20,000.00
LESS
Cost5 of Lee Bolton Monier-williams LLP
5,721.60
3,360.00
Fees of Independent Examiner
750.00
750.00
Trustees, lunch
361.84
440.83
16,833.441
14,550.831
Charitable donations ISchedule1111
150,500.001
161,460.001
Accumulated income120231241
11,075.111
1700.161
Miscellaneous
Tom Butterwick & James Theakstone
1500.001
0.00
Balance at 31 August 2024
121.24
1.421.31
A payment was made to Tom Butterwick and James Theak5tone on the 15 November 2023 which was subsequently
reimbursed to the Trustees on the 19 March 2024. This payment should not have been paid from Trust monies and
this did not come to light until November 2024 when the position was corrected.

BALANCE SHEET
2024
2023
CAPITAL
Balance on Capital Account
1,330.289.23
1,251,827.01
Represented by..
Investments at market value ISchedule111
Ibook value at 31 August 2023 - £1,152.428.621
1,280,220.00
1,233,874.00
Capital cash at Inve5tec
38,905.68
6,676.87
Capital monles at Lee Bolton Monler-williams LLP
11,163.55
11,276.14
1.330.289.23
1,251,827.01
INCOME
Balance on Income Account
121.24
IA21.31
Represented by..
Income monles at Lee Bolton Monler-williams LLP
(including credit of dividends after 31 August)
121.24
1,421.31
121.24
1,421.31

SCHEDULE l- Part11
Purchase of Investments
Holding
Cost
33,000
UK Govt 0.875% Bonds 31.07.2033
24,080.16
11,750
Mercantile Investments
25,674.75
1,500
Matthews Asia Funds, China I
22,950.00
311
Blackrock SM
4,235.82
1.569
Blackrock SM
22,039.73
4,000
BA Beutel Goodman
57,440.00
6,000
WS Morant Wright
31,095.60
950
ishares Physical M
19,161.26
1,850
Vanguard Funds plc FTSE 100
65,527.00
272,204.32

SCHEDULE11- Investment5
Holding
Date of
Purchase
Cost of Purchase
Value at
31.08.2024
12,000
Aberdeen Standard European Logistics
03.03.2022
12,024.04
7,332.00
155
Aspect UCITS Funds
06.07.2022
24,763.34
27,850.00
22,500
18,500
AXA Framlington UK Mld-cap Fund Unit5
ditto-
less equalisatlon
less equalisation
sale 2023-24
12.08.2020
20.09.2021
23,422.50
24,919.50
1118.961
153.041
148,170.001
-41,000
22.02.2024
0.00
0.00
4000
BA Beutel Goodman
26.04.2024
57,440.00
58,760.00
4,300
B3illie Gifford American Fsjnd Unit5
12.08.2020
57,534.00
54,610.00
5,068
6,182
11,250
Blackrock Frontier
ditto
20.01.2023
23.01.2023
6,797.72
8,604.73
15,402.45
16,397.00
311
1,569
1,880
Blackrock SM
ditto-
19.04.2024
24.04.2024
4,235.82
22,039.73
26,275.55
28,670.00
150
CG Portfolio Fund Real Return A
less equalisation
CG Portfolio Fund Real Return A
less equalisation
21.09.2021
31,516.50
185.791
20,438.00
166.001
loo
03.02.2022
250
51,802.71
47,108.00
450
375
825
Findlay Park American Hedged Fund Units
ditto
18.03.2011
12.08.2020
12,104.83
27,240.00
39,344.83
90,214.00
8,500
17,000
14,500
40,000
Greencoat UK Wind PIC Ip shares
ditto
ditto
06.01.2015
22.03.2018
15.07.2021
9,458.78
20,672.64
19,112.00
49,243.42
56,800.00
19,759.19
15,240.81
Henderson European Selected
ditto-
less equalisation
22.05.2017
12.08.2020
19,124.00
16,094.29
1124.291
51,310.00
35,000
35,094.00
ii,ioo
-ii.ioo
Hipgnosis Songs Fund
sale 2023-24
28.02.2022
17.10.2023
12,072.25
112,072.251
0.00
0.00
16,000
1,333
17,333
INT Publlc Partner
ditto
03.03.2022
27.04.2022
25,601.00
2,126.14
27,727.14
22,134.00
175
Invesco Physical Secured Gold-Linked Notes
20.05.2016
14,808.46
32,153.00

6200
ishares li plc USD Tips Ucits ETF
30.05.2023
30,304.98
30,375.00
950
ishares Physical M
30.04.2024
19,161.26
19,960.00
30,000
-15,000
-10,000
-5,000
JP Morgan GBP Liquldity Distribution Unlts
sale 2021-22
sale 2022-23
sale 2023-24
30.06.2021
30,000.00
115,000.001
iio,000.001
15,000.001
02.08.2023
15.01.2024
0.00
0.00
74,254
-34,254
-40,aoo
jupiter UK Special Situation5 Fund X Units
sale 2022-23
sale 2023-24
12.08.2020
27.10.2022
17.07.2024
59,582.60
127,485.961
132,096.641
0.00
0.00
29,250
Lazard Investment Funds Emerging Markets S
less equalisation
3,312.4923 Fund switch to Emerging Markets J
32,562.4923
14.12.2022
30.186.00
1202.161
0.00
29,983.84
36,633.00
15,000
5,000
Lindsell Train UK Equity Fund Units
ditto-
less equalisation
sale 2023-24
09.11.2020
10.08.2021
47.264.00
17,885.50
1169.501
164,980.001
-20,000
26.04.2024
0.00
0.00
14,000
Liontrust Special Situations Fund Unlts
less equalisation
Sale 2023-24
12.08.2020
60,244.80
1240.801
160,004.001
-14,000
17.04.2024
0.00
0.00
55,000
Man GLG Undervalued Assets Fund Units
less equalisation
12.08.2020
60,390.00
1285.001
55,000
60,105.00
95,425.00
17500
M&G Investment Fund M&G japan Sterling
Accumulated income in 2023-24
Accumulated income in 2023-24
28.06.2023
25,523.75
20.76
174.56
17500
25,719.07
29,255.00
1500
Matthews Asia Funds, China I
26.02.2024
22,950.00
22,335.00
11750
Mercantile Investments
23.02.2024
25,674.75
29,346.00
75
35
-60
209.72
209.72
Schroder Asian Total Return Fund UnSts
ditto-
sale 2021-22
Fund 5Wltch Schroder Asian Total Return Z
27.07.2018
12.08.2020
04.07.2022
27,154.12
13,643.02
122,252.991
18,544.15
22,074.00
32,000
32,000
Schroder European Trust Units
ditto
less equalisation
less equalisation
124,237.57 Fund swltch Schroder European Q
15.07.2021
05.01.2018
29,036.80
25,785.40
1227.421
1330.781
54,264.00
62,082.00

33,000
Schrodef Global Cities Real Estate Fund Units
less equallsation
04.01.2021
27,609.80
1201.501
33,000
27,408.30
29,449.00
io,ooo
Schroder Oriental p5c Ip shares
27.01.2021
27,101.00
26,925.00
28,000
9,000
Schroder US Smaller Companles Fund Unit5
ditto
less equalisation
sale 2022-23
05.01.2018
12.08.2020
34,055.00
12,069.00
Iii.001
121,187.001
-17,000
20,000
26.10.2022
24,926.00
38,200.00
24,750
Sequoia Economic l NPV
25.05.2023
20,296.00
19,837.00
1,250
2,000
TB Amati Inv Funds
ditto
Accumulated income in 2021-22
Accumulated income in 2022-23
Accumulated income In 2023-24
sale 2023-24
28.05.2021
20.09.2021
20,826.13
34,384.40
216.22
700.16
879.79
157,006.701
-3,250
15.04.2024
0.00
0.00
22,500
20,000
42,500
Twenty-Four Income Fund O.Ip Shares
ditto-
12.09.2019
25.05.2023
24,620.75
20.261.00
44,881.75
44,328.00
32,300
UK Govt 0.25% Bonds 31.01.2025
less equalisation
25.10.2022
30031.09
120.191
32,300
30,010.90
31,795.00
27,000
UK Govt 0.375% Bonds 22.10.2026
less equalisation
20.01.2023
24,265.15
126.981
27,000
24,238.17
25,056.00
33,000
UK Govt 0.875CA Bonds 31.07.2033
less gross relief
13.11.2023
24,080.16
185.531
33,000
23,994.63
25,459.00
41,000
UK Govt 1% Gilt 22.04.2024
less gross relief
sale 23-24
531e 23-24
sale 23-24
07.06.2023
39,763.06
158.251
15,810.461
14,842.051
129,052.301
-6,000
-5,000
-30,000
11.12.2023
12.01.2024
12.02.2024
0.00
0.00
30,000
Valu-Trac Investments Protean Capital Income Units 15.12.2020
less equalisation
sale 2023-24
29,143.34
1133.341
129,010.001
-30,000
14.09.2023
0.00
0.00
6,000
WS Morant Wright
less equalisation
26.04.2024
31,095.60
187.961
31,471.00
6,000
31,007.64
99,135.00
1,225
Vangljard S & P 500 ETF USD Units
12.08.2020
59,931.78
67,742.00
1,850
Vanguard Funds plc FTSE 100
19.07.2024
65,527.00
1,077,490.16 1,280.220.00

SCHEDULE111- CHARITABLE DONATIONS
25.10.2023
Oxford Hospitals Charity
£1,000.00
25.10.2023
Kef Kids
£250.00
25.10.2023
Youth Aliyah Child Rescue
£250.00
25.10.2023
Kef Kids
£250.00
25.10.2023
Allsop Leeds (St Gemma's Hospice & Macmillan
Cancer Support)
£4,000.00
25.10.2023
The Wickers Charity
£1,500.00
01.11.2023
50% refund of Jewish Care
£7,500.00
07.11.2023
LandAid Ilok Event Sponsorshipl
£10,000.00
17.01.2024
LandAid (annual donation 2023-241
£10,000.00
19.03.2024
Joshua Tree
£750.00
19.03.2024
M icro Rainbow International Foundation
£1,000.00
21.03.2024
Friends of Moon Hall School Reigate
£500.00
28.03.2024
Epilepsy Society
£500.00
17.04.2024
Cancer Research UK12 x £2501
£500.00
03.05.2024
Beat
£500.00
03.05.2024
Marie Curie
£500.00
03.06.2024
Macmillan Cancer Support
£500.00
11.06.2024
The Talent Tap
£1,000.00
12.06.2024
LandAid {annual donation 2024-251
£10,000.00
£50,500.00

Investment Reconciliation
Cost
Market Value
As at 31 August 2023
1,152,428.62
1,233,874.00
Sales
Proceeds
Profit/loss
341,320.40
16,724.001
341,320.40
7,628.40
(348,044.401
1333,692.001
Purchases Icostl
272,204.32
272,204.32
less gross relief
Accumulated income on holdings
Equalisation payments
Change in market value
185.531
1,075.11
{87.961
107,833.68
1,077,490.16
1,280,220.00

Report of the Independent Examiner to the Trustees of
Pat Allsop CharitableTrust (Charity number 10309501
I report on the accounts of Pat Allsop Charitable Trust for the year ended 31st August 2024, which
comprise the Capital Account, the Income Account, the Balance Sheet, and schedules of Investment
Disposals, Securities and Donations.
This report is made solely lo the Charity's Trustees, as a body, in accordance with Chapter 3 of Part 8
of the Charities Act 2011. My examination has been undertaken so that I might state lo the Charity's
Trustees those malters l am required to slate to them in an independent examiner's report and for no
other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility to anyone
other than Ihe Charity and the Charity's Trustees as a body, for my examination, for this report, or for
the opinions I have formed.
Respe¢tive responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustee5
consider an audit is not required for this year under section 144(21 of Ihe Charities Act 2011 {the 2011
Acll and that an independent examination is needed.
It is my responsibility to..
Examine the accounts under section 145 of the 2011 Act.,
To follow the procedures laid down in the General Directions given by the Charity Commission
under section 145(51(bl of the Act., and
To state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance wilh the general Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by Ihe Charity and
a comparison of the accounts presented with those records. It also includes a consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as Trustees
concerning any suoh matters. The procedures undertaken do not provide all the evidenGe that would
be required in an audit and consequently I do not expiess an audit opinion on the view given by the
accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention=
which gives me reasonable Gause to believe thal, in any material respect, the requirements..
to keep accounting records in accordance with section 145 of the 2011 Act; and
lo prepare accounts which aGcord with the accoLJnting records and comply with the
accounting requirements of the 2011 Act
have not been met; or
b)
lo which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
5, Market Yard Mews
194-204 Bermondsey Street
London SE1 3TQ
Thomas Ward FCA
Lonsdale Ward Limited
24lh February 2025