THE GEORGE CADBURY TRUST (Edward Cadbury Section) working name GEORGE CADBURY FUND "A" ACCOUNT
Audited Annual Report and Financial Statements
Year Ended 5 April 2025 Charity No: 1040998
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND "A" ACCOUNT
Report and Financial Statements for the year ended 5 April 2025
Contents
Page:
| 1 | Reference and Administration details |
|---|---|
| 2-4 | Report of the Trustees |
| 5-7 | Independent Auditor's Report |
| 8 | Statement of Financial Activities |
| 9 | Balance Sheet |
| 10-15 | NotesformingpartoftheFinancialStatements |
Trustees
Mr Tim Cadbury Mr Mark Cadbury Mr Roger VJ Cadbury Mrs A Janie Cadbury Mr Benedict Cadbury
Principal Office
BDO LLP, 2 Snowhill, Birmingham, B4 6GA
Accountants
BDO LLP, 2 Snowhill, Birmingham, B4 6GA
Independent Auditor
R MacLaren, Michael Dufty Partnership Limited, 61 Charlotte Street, The Counting House, Birmingham, B3 1PX
Investment Managers
Evelyn Partners, 14th Floor, 103 Colmore Row, B3 3AJ
Bankers
Lloyds Bank, University of Birmingham Branch, 142 Edgbaston Park Road, Birmingham, B15 2TY The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge, TN9 1BE
i
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND "A" ACCOUNT
Report of the Trustees for the year ended 5 April 2025
ANNUAL REPORT OF THE TRUSTEES
The Trustees present their annual report covering the Trust's activities for the year ended 5 April 2025.
HISTORY, OBJECTIVES AND ACTIVITIES OF THE TRUST
The Trust was established under Trust Deeds dated 11 April 1924, 21 January 1952 and 22 January 1952, Additionally there are fourteen subsidiary Trust Deeds up to 30 September 1949, a Settlement dated 9 January 1952, a Deed of Appropriation dated 21 January 1952 and the Trust Deed dated 21 January 1952 mentioned above.
The registered number of the Charity is 1040998.
The objects are summarised as being for the support of Quaker charities and organisations and Society of Friends activities as the Trustees may in their discretion think fit with no defined beneficial area.
The Trustees have the authority to appoint Trustees.
SUMMARY OF THE ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT
The grants, donations and bursaries made to charities in the year enable the charities to meet their objectives and to provide benefit to the public.
The trustees have confirmed that they have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
MANAGEMENT AND GOVERNANCE ARRANGEMENTS
The names of the Trustees who have acted during the year are set out on page 1.
Trustees meet once a year; sub-committees for investments and administration meet twice a year.
The Trustees are appointed by the Board of Trustees. New Trustees receive copies of all relevant Trust documents and of the Charity Commission guidance. Training is organised for new Trustees.
The Trust is administered by an administrator who is a not a Trustee but who is acting on behalf of the Trustees.
PROCEDURES AND POLICY FOR GRANT MAKING
The policy of the Trustees is to allocate part of the Trust’s annual income by way of annual grants and bursaries. The list is reviewed annually at the AGM, the remaining annuat income is available to Trustees to make grants and donations.
ACHIEVEMENTS AND PERFORMANCE OF THE TRUST
During the year charitable grants were made to 14 charities totalling £200,919.
==> picture [146 x 11] intentionally omitted <==
----- Start of picture text -----
The largest payments made were:
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The largest payments made were: £ Bournville Village Trust 45,119 Selly Manor 30,000 Sidcot School 60,000
No other grant exceeded £20,000 and a further analysis is given in note 5 on page 12 of the financial statements. The schedule of grants, donations and bursaries is shown on page 9.
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THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND “A" ACCOUNT
Report of the Trustees for the year ended 5 April 2025
FINANCIAL REVIEW, INVESTMENT PGLICY AND RESERVES
These accounts for the year ended 5 April 2025 have been prepared in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and comply with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities FRS102 effective from January 2019. The financial statements are prepared under the historical cost convention.
The investment income for the year was £288,803 (2024: £272,781) this represents an increase of £16,022 (2024: £21,297) to the previous year.
Management and administration expenses and the investment advisor’s fee for the year amounted to £36,892 (2024: £33,732). The value of the investments of the Trust decreased by £279,627 (2024: increase by £724,885). Of this amount £119,871 (2024: £325,774) related to realised gains and £365,645 (2024: £327,976 realised gains) related to unrealised losses, and the overall reduction for the year of £245,774 (2024: £653,750 gain) was deducted from the funds brought forward from the previous year. A proportion of the costs incurred during the year were reimbursed from the investments.
Under the Deed of Trust the Trustees are empowered at their absolute discretion to hold and make investments whether authorised by law for investment of trust monies or not. The Trustees are empowered ta use the investments in the same manner as income and there is therefore no fixed endowment fund and no restricted investments.
The investments of the Trust are held in the name of Eveiyn Partners Nominees Limited.
Quarterly the Trust's investment advisors report in detait on the performance of the investments.
During the year the Trust's investments decreased by 3.2%. (2024: Increase by 9%).
INVESTMENTS
The investment portfolio provides the income for the Trust's charitable activities. It is under professional investment management. Details of changes in the value of investments are in Note 7 on pages 13 and 14 of the accounts.
RISK MANAGEMENT
The Trustees have conducted a risk assessment; evaluation of risk and the overail risk assessment is reviewed regularly. The nature of the Trust's operations, not having obligations to distribute a certain sum each year, means that it is relatively low-risk, in that it can cope with fluctuations in income without compromising its financial stability.
GOING CONCERN
There are no uncertainties about the Charity's ability to continue as a going concern.
3
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND "A" ACCOUNT
Report of the Trustees for the year ended 5 April 2025
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for preparing the Trustees’ Annual 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 and 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
«select suitable accounting policies and apply them consistently:
eobserve the methods and principles in the Charities SORP;
emake judgements and estimates that are reasonable and prudent;
*state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
*prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts 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.
The trustees for the purpose of charity law who served during the year and up to the date of this report are set out on page 1.
Approved by the Board of Trustees on lo Novewrber Y,org and signed on its behalf by 6 Callow Mr Benedict Cadbury
Trustee
4
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
Independent Auditor’s Report for the year ended 5 April 2025
Se
Opinion
We have audited the financial statements of The George Cadbury Trust (Edward Cadbury Section) (the “Charity") for the year ended 5 April 2025 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial statement, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdorn Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
- Give a true and fair view of the state of the Charity’s affairs as at 5 April 2025 and of its income and expenditure for the year then ended;
-
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; » have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK}) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and the provisions available for small entities, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a bases for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individuatly or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Gur responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements of cur knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report the fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
in the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
-
« the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or « sufficient accounting records have not been kept; or « the financial statements are not in agreement with the accounting records and returns; or
-
- we have not obtained all the information and explanations necessary for the purposes or our audit.
5
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
Independent Auditor’s Report for the year ended 5 April 2025 (continued)
Responsibilities of the trustees
As explained more fully in the trustees’ responsibilities statement, set out on page 4 to 5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have beén appointed as auditor under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs {UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
trregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in tine with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Charities Act 2011; and
- . we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and considering available audit information.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of haw fraud might occur, by:
- . making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
. considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
. performed analytical procedures to identify any unusual or unexpected relationships; and
. tested journal entries to identify unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
. agreeing financial statement disclosures to underlying supporting documentation;
. reading the minutes of meetings of those charged with governance; . enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-comptiance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion,
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: [Www.fre.org. uk/auditorsresponsibilities]. This description forms part of our auditor's report.
6
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
Independent Auditor’s Report fer the year ended 5 April 2025 (continued)
Use of our report
This report is made solely to the Charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken sa that we might state to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Robert MacLaren FCCA (Senior statutory auditor)
for and benalf of Michael Dufty Partnership Limited Statutory auditors 61 Charlotte Street The Counting House Birmingham B3 1PX
Dated: Yo fie l aoas,
EA
THE GEORGE CADBURY TRUST (Edward Cadbury Section) working name
GEORGE CADBURY FUND "A" ACCOUNT
Statement of Financial Activities for the year ended 5 April 2025
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Income and endowments from | |||
| Investments | 2 | 288,803 | 2/2,781 |
| Total | 288,803 | 272,781 | |
| Expenditure on | |||
| Raising funds | 3 | 30,992 | 28,144 |
| Charitable activities | |||
| Activities undertaken | 4 | 200,919 | 184,800 |
| Support costs | 6 | 417 | 385 |
| Other expenditure | 6 | 5,483 | 5,203 |
| Total | 237,811 | 218,532 | |
| Net surplus before investment gains/(losses) | 50,992 | 54,249 | |
| Net unrealised (losses}/gains on investment assets | 7 | (365,645) | 327,976 |
| Net (expenditure)/income | (314,653) | 382,225 | |
| Other recognised gains | |||
| Realised gains on investment assets | 7 | 119,871 | 325,774 |
| Net movement in funds | (194,782) | 707,999 | |
| Total funds at 6 April 2024 | 8,921,228 | 8,213,229 | |
| Totalfundsat5April2025 | 10 | 8,726,446 | 8,921,228 |
All funds are unrestricted and relate to continuing activities.
The notes on pages 10 to 15 form part of these financial statements
&
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name
GEORGE CADBURY FUND "A" ACCOUNT
Balance Sheet as at 5 April 2025
==> picture [488 x 282] intentionally omitted <==
----- Start of picture text -----
Notes 2025 2024
£ £ £ £
Fixed Assets
Investments 7 8,532,563 8,812,190
Current Assets
Debtors 8 52,007 29,297
Cash at bank and in hand 151,333 88,519
203,340 117,816
Current Liabilities
Creditors: amounts falling due within one year 9 (9,457) (8,778)
Net current assets 493,883 109,038
Total net assets 8,726,446 8,921,228
Funds
Unrestricted Funds 10 8,726,446 8,921,288
----- End of picture text -----
Approved by the Board of Trustees on )avs Niventer 2006 and signed on its behalf by
b. Calo, Mr Benedict Cadbury Trustee
The notes on pages 10 to 15 form part of these financial statements
9
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name
GEORGE CADBURY FUND "A" ACCOUNT
Notes to the financial statements for the year ended 5 April 2025
- 1 Accounting Policies
These accounts for the year ended 5 April 2025 have been prepared under Part 8 of the Charities Act 2011 and applicable Regulations.
{a) Accounting convention
These accounts for the year ended 5 April 2025 have been prepared in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and comply with the Statement of Recommended Practice (SORP) Accounting and Reporting by charities FRS102 effective from January 2019. The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant notes to these accounts.
(b) Fund accounting
Designated funds are amounts which have been put aside out of unrestricted funds as follows:
Investment fund - to provide the income necessary to maintain the Trust’s charitable activities, the Charity requires a significant capital base and the Trustees have maintained an active investment policy in order to provide a degree of stability and certainty in income levels. In the circumstances, the Trustees have created a designated Investment Fund that represents the government stocks and other listed investments held in the Charity’s investment portfolio.
General unrestricted funds - represent unrestricted income, which is expendable at the discretion of the Trustees in the furtherance of the objects of the Charity. Such funds may be held in order to finance both working capital and capital investments.
(c) Incoming resources
Alt income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. Where a claim for repayment of UK income tax has or will be made, such income is grossed up for the tax recoverable. Foreign tax repayments are recognised when received.
Investment income is accounted for on an accruals basis. Dividends from quoted securities are accrued when the security is quoted ex-div.
(d) Grants
Subscriptions and grants made by the Trust are charged against income as soon as there is a legal or constructive obligation committing the Trust to the expenditure.
(e) Casts of generating funds
The costs of generating funds consist of investment management fees.
(f} Charitable activities
Costs of charitable activities include grants made and an apportionment of overhead (based on time costs incurred) and support costs as shown in note 4.
(g) Governance costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs relating to statutory audit and lesal fees.
10
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND "A" ACCOUNT
Notes to the financial statements for the year ended 5 April 2025
7 Accounting Policies (continued)
(h) Investments
Listed investments are stated at closing middle market price immediately prior to the end of the financial year. All mavements in value are shown in the Statement of Financial Activities.
Realised and unrealised gains and losses are shown separately in the appropriate section of the Statement of Financial Activities.
- (i) Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
| 2 | Investment income | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Dividends and interest from quoted investments | 285,490 | 271,036 | ||||
| interest on cash deposits | 3,313 | 1,745 | ||||
| 288,803 | 272,781 | |||||
| 3 | Raising Funds | 2025 | 2024 | |||
| £ | £ | |||||
| investment management fee | 30,992 | 28,144 | ||||
| 4 | Charitable Activities | Activities | ||||
| Undertaken | Support | Total | Total | |||
| Directly | Costs | 2025 | 2024 | |||
| (see note | 5) | (see note 6) | ||||
| £ | (3 | £ | [3 | |||
| Woodbrooke - College | ||||||
| Bursaries and subscriptions | - | - | - | 35,000 | ||
| Grants paid or payable | 200,919 | 417 | 201,336 | 150,185 | ||
| 200,919 | 417 | 201,336 | 252,960 |
if
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND "A" ACCOUNT
Notes to the financial statements for the year ended 5 April 2025
| 5 | Grants paid or payable | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Subscriptions | |||
| Woodbrooke - College Bursaries and subscriptions | - | 35,060 | |
| Donations | |||
| Alton Quaker | - | 7,000 | |
| Bournville Village Trust (*) | 45,119 | 20,000 | |
| Britain Yearly Meeting | - | 14,000 | |
| Bryony House | 8,300 | 6,300 | |
| Friends of the Family | 5,000 | 5,000 | |
| lronbridge Gorge Museum Trust | 7,000 | 4,000 | |
| Leighton Park Trust | 15,000 | 10,000 | |
| New Milton Quaker Meeting | . | 5,000 | |
| Quaker In Action | 5,000 | - | |
| Quaker Social Action | 5,000 | 4,000 | |
| Reading Quaker Meeting | 3,000 | 5,000 | |
| Selly Manor (*) | 30,000 | 30,000 | |
| Sibford School | - | 10,000 | |
| Sidcot School | 60,000 | 24,500 | |
| SOF Bournville Friends Meeting (General Fund) | 5,000 | 5,000 | |
| Southampton Quakers Meeting | 3,000 | - | |
| Friend's School Lisburn | 4,500 | - | |
| Jordans Village Halt Trust | 5,000 | = | |
| 200,919 | 252,600 |
(*) - These Charitable Trusts are considered to be related parties by virtue of them having a common Trustee, Mark Cadbury. The sum tetal of transactions with the related parties are as described above. There were no balances due to or from the related parties at the year end.
All grants made in the year were to institutions. None were made to individuals (2024 - none}.
12
THE GEORGE CADBURY TRUST (Edward Cadbury Section)
working name GEORGE CADBURY FUND "A" ACCOUNT
Notes to the financial statements for the year ended 5 April 2025
6 Support Costs
| Support Costs | Cost | of grant | making | Governance | |||
|---|---|---|---|---|---|---|---|
| Basis of | |||||||
| apportionment | 2025 | 2024 | 2025 | 2024 | |||
| £ | £ | £ | £ | ||||
| Auditors’ | |||||||
| remuneration | 0:1 | . | - | 1,728 | 1,740 | ||
| Other expenses | 1:9 | 417 | 385 | 3,755 | 3,463 | ||
| 417 | 360 | 5,483 | 5,203 |
The cost of grant making and governance costs are apportioned based on time costs incurred.
The Charity have no employees (2024 - none).
No Trustee, or person related or connected to them, has received any emoluments or expenses from the charity during the year or preceding years.
| 7 | Investments | 2025 | 2024 | ||
|---|---|---|---|---|---|
| [3 | £ | £ | E£ | ||
| Market value at 6 April 2024 | 8,767,527 | 8,053,627 | |||
| Acquisition cost in the year | 980,155 | 820,540 | |||
| Proceeds from disposals in the year | (1,360,172) | (760,390) | |||
| (380,017) | 60,150 | ||||
| Realised gains on disposals | 119,871 | 325,774 | |||
| Unrealised investment (losses)/gains | (365,645) | 327,976 | |||
| (245,774) | 653,750 | ||||
| Market value at 5 April 2025 | 8,141,736 | 8,767,527 | |||
| Cash held within the investment portfolio | 390,827 | 44,663 | |||
| Total value of portfolio at 5 April 2025 | 8,532,563 | 8,812,190 | |||
| Historicalcostat5April2025 | 7,146,705 | 7,406,852 |
13
THE GEORGE CADBURY TRUST (Edward Cadbury Section) working name GEORGE CADBURY FUND "A" ACCOUNT
Notes to the financial statements for the year ended 5 April 2025
| a | a | a | a | a |
|---|---|---|---|---|
| 7 Investments (continued) |
||||
| At 5 April 2025 themarketvalue is divided: | £ | % | ||
| Other Instruments-1 holdings | 104,071 | 1.2% | ||
| Bonds - 8 holdings | 1,490,314 | 417.5% | ||
| Alternatives &Multi-Asset - 7 holdings | 1,927,373 | 22.6% | ||
| UK Equities - 4 holdings | 1,035,551 | 12.1% | ||
| USA - 5 holdings | 1,979,556 | 23.2% | ||
| Japan - 1 holdings | 234,300 | 2.7% | ||
| Pacific Basin ex Japan - 2 holdings | 562,071 | 6.6% | ||
| Emerging Markets - 1 holdings | 808,500 | 9.5% | ||
| 8,141,736 | 95.4% | |||
| Uninvested cash capital | 390,827 | 4.6% | ||
| 8,532,563 | 100.0% | |||
| The following investments in the portfolio exceeded 52%: | Market Value | |||
| Vanguard Investment Series Global Credit BD InvestorGBP | Inc HDG | 462,372 | 5.4% | |
| 3i Infrastructure Ord NPV | 555,300 | 6.5% | ||
| EdgewoodL SelectUS Select Growth | Z USD Alphabet Inc |
458,297 631,541 |
||
| Ashoka India Equity InvTrust PLC OrdGBP | 808,500 | 9.5% | ||
| Beazley PLC (UK) Ord GBP | 518,700 | 6.1% | ||
| Goldman Sachs Group INC Com USD | 445,238 | 5.2% | ||
| 8 | Debtors | 2025 | 2024 | |
| £ | £ | |||
| Accrued investment income | 52,007 | 29,297 | ||
| 9 | Creditors: Amounts falling duewithin one year | 2025 | 2024 | |
| £ | £ | |||
| Auditors’ remuneration | 1,650 | 1,500 | ||
| Investment management fee | 7,807 | 7,278 | ||
| 9,457 | 8,778 |
14
THE GEORGE CADBURY TRUST (Edward Cadbury Section) working name GEORGE CADBURY FUND "A" ACCOUNT
Notes to the financial statements for the year ended 5 April 2025
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10 Statement of movement on unrestricted funds
| Expenditure | |||||
|---|---|---|---|---|---|
| Balance as at | Gains and | Balance as at | |||
| 6 April 2024 | Income | (Losses) | Transfers | 5 April 2025 | |
| £ | ff | £ | £ | £ | |
| Designated fund: | |||||
| Investment fund | 8,812,190 | - | - | (279,627) | 8,532,563 |
| General fund | 109,038 | 288,803 | (483,585) | 279,627 | 193,883 |
| Totalunrestrictedfunds | 8,921,228 | 288,803 | (483,585) | - | 8,726,446 |
Transfers were made between the investment fund and the general fund in order to equate the investment fund value with the value of the investment portfolio.
11° Taxation
George Cadbury Fund ‘A’ Account is a registered charity and, as such is exempt from tax on income and gains falling within section 505 ICTA88 or section 256 TCGA92 to the extent that they are applied to its charitable objectives.
12 Related parties
-
In the year, other than those noted in note 4, there have been no transactions with persons or entities that are closely connected to the charity or its Trustees,
-
13 Trustees’ remuneration and benefits
None of the Trustees have been paid any remuneration or received any other benefits fram the Charity.
14 Trustees' expenses
No trustees’ expenses were incurred in the year ended 5 April 2025 (2024 - ENil).
15 Controiling party
Throughout the current and previous period, the charity was not under the control of any single individual or entity.
15