The George Cadbury Trust (George, Henry T and Laurence J Cadbury Section) whose working name is GEORGE CADBURY FUND 'B' ACCOUNT Audited Annual Report ar￿ Financial Statements Year Ended 5 April 2024 Charity No: 104(B99 THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Report and Financlal Statements for the year ended 5 April 2024 Contents Reference and Adrnlnistrati￿ details Report of the Trustees Report of the Independent Auditor Statement of FinarKial Activities 10 Balance Sheet 11-19 Notes fonning part of the Financial Statements Tru5tee5 Mr Tim Cad￿ry Mr Mark Cadbury Mr Roger VJ Cadbury Mrs A Janie Cadbury Mr Benedict Cadbury Prlndpal Offlce BDO LLP, 2 5nowhill, BI￿1nghaM, B4 6GA Accountants BDO LLP, 2 Snowhill Queensway, Birmingham, B4 6GA Independent Audltor R MacLaren, Michael Dufty Partnership Limited, 61 Charlotte Street, The Counting House, Birmingham, B3 1PX Investment Managers Evelyn Partners, 14th Floor. 103 Colrnore Row, Blrmin£ham. B3 3AJ Bankers Lloyds Bank. University of Birmingham Branch. 142 Edgbaston Park Road, Birmingham, B15 2TY The Charity Bank Limited, F05se House, 182 High Street, Tonbridge, TN9 18E THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Report of the Trustees for the year ended 5 Aprll 2024 ANNUAL REPORT OF THE TRUSTEES The Trustees present their annual report covering the Trust's xtivities for the year ended 5 April 2024. HISTORY. OBJECTIVES AND ACTivrriES OF THE TRUST The Trtjst was established under Trust Deeds dated 11 April 1924, 21 January 1952 and 22 January 1952. Additionally there are fourteen subsidiary TnJst Deeds up to 30 September 1949. a Settlement dated 9 January 1952. a Deed of Appropriation dated 21 January 1952 and the Tfust Deed (lated 21 January 1952 mentioned above. The registered number of the Charity is 1040999. The objects are summarised as being for or to such char7table rtjjerts, purposes, Institutions, or societie5 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 AcnvtTIES UNDERTAKEN FOR THE PUBLIC BENEF The subscriptions and grants made to charities in the year enable the tharity to meet its objectives and to provide benefit to the public. The Trustees have confirmed that they have referred to the guidan￿ in the Charity Cfflimi5sion's general guidance on publlc benefit when reviewing the Trust's aims and objective5 and in planning future activities and setting the grant making policy for the year. MANAGEMENT AND GOVERNANCE ARRANGEMEKrs The names of the Trustees who have acted during the year are set out on page 1. Trustees tneet once a year: sub-comvnittee5 for investments and administration meet twice a year. The Trustees are appointed by the Board of T￿stee5. New Trustees receive cq)ie5 of all relevant T￿￿t documents and of the Charity Commission guidance. Apkyopriate traini￿ is organised for the Trustees. The Trust is adminlstereil by an administrator who is not a Trust￿ {￿t who is acting on behalf of the Tnst￿. 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 subscription5 and bursaries. The list is reviewed annually at the AGM. the remaining annual income is available to Trustee5 to make grants and donations. ACHIEVEMEtrtrs AND PERFORMANCE OF THE TRusr During the year charitable grants were made to 80 different charitie5 totalling £367,55012023 - £363,9(M)). The largest grants made were: Blo￿ Cancer UK 20,000 Island Conservation Society UK 20,OtKI No other grant exceeded £20,000 and a further analysis is given in note 4 on pages 12 to 16 to the f7nanclal statern￿tS. Exafflination of the schedule of charitable grants (m pages 12 to 16 will show that the Trustees have fulfilled the objective5 of the Trust during this financial year by making grants to charitable institutions. therefore, providing benefit to the public. THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Report of the Trustee5 for the year ended 5 April 2024 (contlnued) ACHIEVEMENTS AND PERFORMANCE OF THE TRUST {contlnued) Organisations aPPL￿ng for larger grants are invited to present their application at a Trustee5' meeting. This enables Trustees to gain a better understanding of the application andlor to review progre55 on continuing projects for which the grants have previously been rnade. FINANCIAL REVIEW, INVESTMENT POLICY AND RESERVES These accounts for the year ended 5 Aprtl 2024 have be￿ prepared in accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Accepted Accounting Practice) and comply with the Statement of Recommended Practice ISORP) Accounting and Reporting by Charities FRS102 effectTve from January 2019. The financiaL statements are prepared under the historical c05t convention. The investment income for the year was £438.122 (2023: £440,669), thi5 represents an decrease of £2,54712Q23: increase of £18,219) to the previous year. Management and administration expense5 and the investment advisor's fee for the year amounted to £89,284 {2023: £84,949). The value of the investments of the Trust increased by £1,407,513 (2023: decreased by £1,999,155). Of this amount £113,402 (2023: £923,980) related to realised gains and £1,252,107 12023: £2,861,592 10551 related to unrealised gains, and the overall gain for the year of £1,365,509 (2023: £1,937.612 deficitl was added to the funds brought fO￿ard from the previous year. A proport70n of the costs incurred during the year were reimbursed by the investments fund. Under the Deed of Trust the Trustees are empowered at their absolute dTscretion to hold and make investments whether authorised by law for investment of trust monies or not. The Trustees are empowered to use the investments in the same manner as income and ttrEre is therefo￿ no fixed endowment fund and no restricted inve5tment5. The investments of the Trust are held in the name of Evelyn Partners Noninees LimTted which is the appropriate holdTng company of the Trust's investment a(fvisors. Quarterly the Tru5t'5 investment advisors report in detail on the performance of the investments. During the year the Trust's investments increased by 8.2%. (2023: decreased by 10.4%) GENERAL UNRESTRICTED FUNDS It is the policy of the Trustee5, having regard to the specified designated fund referred to below, to malntain the General unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately 6 months expenditure ￿ grants and management and administration, currently free reserves represent approximately 6 months expenditure. Such funds may be held in order to finance both working capital and capitaL investment in furtherance of the objectives of the charity. DESIGNATED FUNDS Designated fund5 are amounts that have been put aside out of unrestricted funds at the discretion of the Trustees for particular purposes. The designation is for administrative purposes only and does not legally restrict the Trustees discretion to apply the funds. The Trust&s have created the following designated fund: THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Report of the Trustees for the year ended 5 Aprll 2024 (contlnued) INVEsfMENT FUND To provide the income necessary to maintain the Trust's charitatAe activities, the charity require5 a significant capital base and the Trustees have maintained an active Investment pollcy in order to provide a degree of stability and certainty in incorne leveLs. In the circumstance5 the Trustees have created a designated Investment fund that represents the government st(Kks and other listed investments held in the charit￿5 investment portfolio. Details of movetnents in the funds are set (xjt in note 6 on page 17 and 18 of the accounts. The assets reflected in the balan￿ Sheet are available and adequate for the Trustees to fulfil the obligations of the Charity. RISK MANAGEMEKr Having regard to the TTU5t's organisation and actlvitie5. it is the view of the Trustees that the major risks to which the Trust may be exposed are largely financial in nature, particularly a significant reducti(￿ in income generated by the investments. The Trustees review the major rfsks which the Trust faces a regular basis and believe that maintaining free reserves at the levels indicated below, combined with regular meetings with the Trust's investment advisors to monitor perfomiance, will provlde sufficient resour￿$ in the event of adverse c¢mditions. FirruRE PLANS It is intended to use the funds described above to continue the objectlves of the Trust, as earlier described, subject to income the Trustee5 will consider making charitable grants of a similar level in the future. GOING CONCERN There are no material uncertainties about the Charitys ability to continue as a going C(￿Cern. STATEMENT OF TRUSTEES. RESPONSIBILrriES The trustee5 are responsible for preparing the Trustees. An￿￿￿1 Report and the finanaal statements in accordance with applicable law and United Kingdom Accountlng Standards {United Kingdom GeneralLy Accepted Accounting Practice}. The law applicable to tharities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste 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 policTes and apply them consistently- aob5erve the methods and principles in the Charities SORP: •make judgements and estimates that are reasonable and prudent" •State whether appllcable accounting standards have been followed, subject to any departures disclosed and explained in the finanaal statements; and "prepare the accounts on a going concem basis unless it is inappropriate to presume that the charity will continue in business. THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Report of the Trustees for the year ended 5 April 2024 (continued) STATEMENT OF TRUSTEES, RESPONSIBILrriES (contlnued) The trustees are responsible for maintaining proper accounting records which di5dose with reasonable accuracy at any time the financial position of the charity and to emable them to ensure that the accounts comply WTth the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are al50 responsible for safeguarding the assets of the charity and he￿ce for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees for the purpose of charity law wkw) served during the year and up to the date of this report are set out on page 1. Approved by the Board of Trustees c and signed on its behalf by Mr Benedlct Cadbury Trustee THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Independent Auditor's Report for the year ended 5 April 2024 Opinion We haye audited the financial statements of The C£or8e Cadbury Tnst (George. Henry T and Laurence J Cadbury sectIc￿l (the Yharitrfl for the year ended 5 AprTI 2024 whlth cornprtse the Statement of FlnaKial ktivitie5. Balance Sheet notes to fIn￿la1 statement, IKtuthng a summary of slgnlfkant accountlng ￿￿kIeS. The financial reporting frarnework that has been applied in their preparatiLm is applicable law and United Kingdom Accourtkn"n4 Standard5. includins FrwK7al Reporting Standard 1Q: The Flnandal Rwrtlng Standard applicable in the UK and Republlc of Ireland Iunlted KlngthNn c￿rallY￿epted Acco￿[t8 Practkel. In our oplnlon, fFnanclai staternents. Gfve a truè and fair view of tl* state of Chari￿5 affa7r5 as at 5 Ipnl 2024 and of its kncome and expendlture for the year then ended", have been properly prepared in accordan￿ with UnTted Kingdom Gener&iyAccepted kcounttr¥J Prattfce", have been kyepared fn ￿COrda￿e with the Tewirements of the Charltles kt 2011. Basls for oplnlon We C￿d{￿ted our a￿lt In ￿cOrdan￿ wlth Intematfjonai on AKliting {iJK) IISAS {UK)) arKI aFyticable law. Our respwsibilitle5 under those standards are further described in the Audito¢5 te5ponsibilitie5 fot the axlit of the tinarKiai statements section of our report. We are Indep¥￿nI of the Charlty in accordance wlth the ethkal requlrements that are relevant to our a￿lIt of the flnandal statements In the UK, Incknjdlng the FRC'S Ethlcal Standard and the provlsf(ms availablè for smai entitie5. and we have fuviiied our other ethical ￿PonSIbl11t7e5 in accordance with these requirements. We belTeNT that the audit eVIde￿e have obtained ts sufficient and opproprbate to provide a bases for our oplnlon. Concluslons relatlrv4 to gofng concern In audftlng the finandal statements, we have C(*KI￿ that the tnfjtees. of the gokng basis of accountlng In the preparatfon of the flnancfal statements Is appropAate. Based on the work we have performed, we not identlfied ary material uncertaint*s reiatlng to £sMts or conditions that, indiwdually or coliectiyely. may cast significant doubt on the charl￿S ability to cortinue as a going corKem for a period of at least 12 mmths from vthen the financial statements are authorised for issue. Our responsfbfjlftles arnl the responsfbliltles of tnEtees wtth respett to going contem arE de5cn1Jed in the reieyant sectiTh￿ of this report. Other information The trustees are reswJn5ibie for the other inforrnation. The other information comprises the 1nf0miati(￿ included in the 4nwal tepLIrt other than the financial statements and our auditorfs rep(xt thereon. Our opin￿n on the financial statrnents does not cover the other Infomation and, except to the extent otherwise eXp1T￿tly5tated in iJJr report, we th Th)t express any form of assurance conclusfon thèrei￿. In connertion with our audit of thè financial rtatements. our responsfjbility is to read the other wrformation and, In dolng w. cfflslder whether the other infomiation 15 materiaity inconsistent with the financial StateM￿ts of our knowledge Obtai￿ Tn the audit or otherwise appear5 to be malerially mi5Stated. 11 V￿ identify s￿h material inconsi5tencie5 or apparent material mi5Staternents, we are requlred to detemilne VA￿ther there 15 a materlal misstaternent in the finMKial statements or a material fflisstatefflort of the other Informatfon. If. based on the work we have performed, Y￿ condude that there Is a material Tnisstatement of this other Infom)atton. we are required to rerrt the fact. We have nothlng to reFQrt In thls regard. IAatters on which we are rtquired to report by exceptk)n In tFE light of the thvtedge and undersLi￿lIng of the Char6ty and *s obta¥￿ in course of the audit. we have not identified fftaterial mi55tatements in the Tnstee5' knnual Report. We have nothlns to report in respect of the following rnatters in relation to the Chuities Art 2011 requires us to report to Jyw If, In Dur opinlon: infomation gfven In the [n￿tee5. report Is Inci*Blstent In any materlai re5F*rt wtth the fIna￿la1 statemènts. suffldent accountlng records have not been kept" or the financial statements are not in a4￿Mert with the accounting re[￿d5 and ￿t￿Tr￿. or we have not obtained all the info¥mation arKI eXp￿￿tIonS necessary for the pwp05es or (MK J*Jit. THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Independent Auditor's Report for the year ended 5 Aprll 2024 (continued) R•sponslbllltles of the tru5tee5 8 explaln*l more fully In the trustees. respDnsibilitie5 Statement. set out on page 4 to 5, the trustees are re5pon5ible for preparation of the financial 5tatement5 and for being satF5fied that they give a true and fair ￿ew, and for such Internal control as they (letermine 15 necessary to enable the preparation of firwKial statements that are f￿ from material misstatemeyht, whether due tts fraud or emjr. In prepamng the flnandal statements, the trustees are responsible for assessing the charitys ability to continue as a Boing concern, dlscloslng, as applicable, matters related to goTllg concem aThJ uslng ￿ golng concern basis of accwrting unless the trurtees either Fntend to liquidate the Charity or to cease operations. or have no ￿alistiC altematNe but to do 50. Auditor's rèsponsibilltfies for the audlt of the flnancial statements We have been appolnted as audftor under Sectlon 144 of the Charitie5 kt 2011 and report In ￿(ordanCe with the k¢ and relevpAnt regulattons made or havfjn8 effect thereunder. Our objectives are to obtain reasonable assuran￿ about Wthet￿ the flnancial statements as a ¥A￿le are free frijm material mi5Staternent. whether due to fraud or error, and to issue an audito¢s report that I￿ludeS our 0￿"n10n. Reasonable assurance Is a hl8h level of assurance, but is not a suarantee that an aL￿1t cOnd￿ted in accordance with IUKI ￿1[ alway5 detect a material rnisstaternent when it exists. Mlsstatemeftts can arise from fraud or error and are considered materlal If. Indlvfdually or In the aggr4ate. they could reasonably be expected to infiuence the economic deci%lor￿ of users taken on basls of these fin￿al staternents. Irregulanties, ?ncludTng fraud. are I￿anceS of ncffi-compliance 7Prith law5 and r￿UlatIOrs. We de5i4n procedures In Ilne wfrth our responsibilille5, Outlined al￿e, to delect fftaterial mi55tatements in re5pe(t of irreguiarfties. induding fraud. The extent to whlch our procedures are capable of detecting irregularitie5, including Iraud Is detalied below: Our approach to Identlfwng arnl assesslng rtsks of rnaterfal mi55taternent in respect of Trregularftles. IncLudlng fraud and non-compliance Wtth Ltws and regulation5, wa5 as follothry: we focused on specific la¥￿ a￿1 regulations whlch we consldered may have a th.￿cE material effect ￿ the financial statements or the operation5 of the company, irKludin4 the Charitie5 Art 2011" and we assessed the extent of complfjJnce wlth taws ￿ re8uLartons I￿tilled above through making enqulrfes of rnanagement and considering avaiLabLe audit information. We a$5esse 4rKI tested Jwmal entthes to Identffy ￿UsUal transathons. In response to the risk of irreguEarities and nonrycompiiance with lavo and ￿gUtatiOns. we designed procedure5 whlch inclLkled, but were r￿t Lirnited to-. agreeing financial statement th"sclOsu￿ to UTh*￿￿ng Sup￿rty"n9 documentation: readlng the minutes of meetings of those charwl vhth g0￿MarKe,. enqulrlng of management as to actual and poteniial Ilt*atlon and clalffts. There a￿ irsherent lirnitations Tn our audit procedures deSCrit￿ abr>ve. The mre remoyed that laws and regulations are from financial traTr5actions, the ie55 likely it is that we wrojld become aware of non-compliance. ￿)￿lting standards also limit the audit procedure5 required to identify non-compliance ￿￿th law5 and regulations to enquiry of the director5 and other management and the Inspection ol regulatory and Legal correspondence, if any. Material mi5Statements that arne due to fraud can be harder to detect than those that arise frorn error as they may involve deliberate conceairnent or coliusiijn. A further de5Crtptlon of our respJnslb711ties for the audlt of ftsncial statements Is 1(Katrd on the FlnwKlal Reportlng Coundl'5 website . Iwww.frc.org.uklauditorsresponsibillties]. This description foms part of a￿l"tor'S report. THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Independent Audltor's Report for the year ended 5 April 2024 (continued) Use of our report Thls report Is made 501ely to the Charlt¥s ttl￿te￿. a5 a body> In accordarKe wlth sectfon 144 of the Charities kt 2011 and regulation5 ntdde under section 154 of that kt. Our audit WO￿ ha5 been undertaken so that we mlght state to the Charitys tru5tee5 those matters we a￿ requlred to state to thern in an auditorfs lem arKI for no other purpose. To the fullest extent penmitted by law. we do not accept or a55ume responslbllity to anyone L*her than the Charftys tntstees as a bth, for our a￿lft v￿rk, for thi5 reF*Jt, or for the q)inions we have formed. ,hL r)_Fi.( p￿,? Ld) Robert AlacLaren FCCA (Senlor statutory audftor) for and behalf of Mlchael Dufty Partnership Limited Statutory auditors 61 Chariotte Street The Countln# House Blrn)In8ham 83 IPX Dated: Iiflti¥oL4t THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Statement of Financial Artivitie5 for the year ended 5 April 2024 Notes 2024 2023 Income and endowments from Investments 438,12Z 440,669 Total 438.122 440,669 Expenditure on Raising funds Charitable activities Activities undertaken Support costs Other expenditure 60,611 58,609 367,550 6,733 21.940 363,900 6,300 20,(140 Total 456,834 448,849 Net {expendlture) before investment gaYns/{Ios5es) 118,712) (8,180) Net unreali5ed gainsl(losses) on investment a55etS 1,252,107 (2,861,592) Net income/(expenditure) 1,233.395 (2,869,772) Other recognised gains Realised gains on investment assets 113,402 923,980 Net movement in fund5 1.346.797 11,945.792) Total funds at 6 April 2023 17,408,378 19,354,170 Total funds at 5 Aprfl 2024 18,755,175 17,408,378 All funds are unrestricted and relate to C￿tinuing aclivtties. The notes cfft pages 11 to 19 form part of these financial statements THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Balance Sheet as at 5 Aprfl 2024 Note5 2024 2023 Fixed Assets Investments 18.669.880 17.262,367 Current A55ets Debtors Cash at bank and in hand 37.734 69.700 107.434 37,273 124,812 162,085 Current Liabilities Creditors= amounts falling due within one year 8 (22.139> (16,074 Net current assets 85.295 146.011 Total net assets 18.755,175 17,408,378 Funds Unrestricted Funds 18.755.175 17,408,378 Approved by the Board of Tntstees on 11 707 and signed its behaLf by Mr Benedict Cadbury Trustee The notes on pages 11 to 19 form part of these financial statements THE GEORGE CADBURY TRUST (GEORGE. HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Notes to the financial statements for the year ended 5 April 2024 1 Accountlng Policies These accounts for the year ended 5 April 2024 have been prepared under Part 8 of the Charities Act 2011 and applicable RegulatTons. (a) Accounting convention These accounts for the year ended 5 April 2024 have been preparepe & Homes for Children Jame5, Place Learn Achieve Become Lord Leyce5ter Hospital Macmillan Cancer Support Macular Society Marie Curie Medical DetectTon Dogs Meningitis Research Foundation Mentoring Plus B&NES Millfield MNDA MS Society NADIYA National Youth Orchestra of Great Britain NSPCC Pelican Cancer Foun(lation Peter Cadbury Charitable Trust (Note) Quintessentially Foundation Rainbow Trust Royal Hospital for Neuro Disability RVJ Cadbury Charitable Trust (Note) R5PB Safe Haven for Donkeys Salvation Amiy Second Chance Animal Rescue Shipwrecked Mariners SfKiety Smile Train SSAFA SSFA 5t Michael's Hospice Supporting Wounded Veterar 2,000 2,000 1,000 2.000 1,0(10 1,000 1,000 2,000 4,000 1,000 1,000 1.000 1,000 1,250 2,000 1,000 4,000 3,500 3,000 2,1)00 2,000 2.000 1,500 1,000 3,000 1,000 3.500 3.000 3,000 l400 2,500 Carried Forward 66,800 64,650 15 THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Note5 to the financial statements for the year ended 5 April 2024 4 Grants pald or payable {continued) 2024 2023 Brought Fc>rward 66.800 64,650 The Bower Trust The Brooke Hospital for Animals The Camrose Centre Basingstoke The Children's Cancer Leukaemia The Cure Parkinson's Trust The Fisherman's Mission The Labrador Rescue Trust The Lullaby Trust The Mark Davies Injured Riders Fund The Mary Hare Foundation The Outward Bound Trust The Royal Marsden Cancer Charity The Wave Project Victoria's Promise Virginia R&kie Charitable Trust Walking With The Wounded War Memorials Trust Warmckshire Wildlife Trust Wiltshire Air Ambulance Wlnston's Wish Wogan Trust Woodgreen Pets Charity 2,000 2,000 2,000 1,000 1,000 2,000 2.000 4.000 1.000 1.000 3.OlX) 4,000 2.000 2.000 1,5(Xl 2,000 94,300 89,650 £999 and under 1,500 4,750 367.550 363,900 (Note) This Charitable Trust 15 considered to be a related party by wrtue of them having one or more common Trustees. The sum total of transactions with the related party are as described above. There were no balance5 due to or from the related party at the year end. All grants rnade in the year were to institutions. None were made to individuals (2023 - none). 16 THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SEcfioN) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Notes to the financial statements for the year ended 5 Aprll 2024 5 Support Costs Basis of apportionment Costs of grant making 2024 Z023 Governance 2024 2023 Auditors, remuneration Other expense5 1.740 20.200 1,140 18,900 6,733 6,31M) 6,733 6,300 21,940 20,040 The cost of grant making and governance costs are apportioned based on time costs incurred. The Charity has no employees {2023 - rK)ne). No Trustee, or person related or connected to them, has received any emoluments or expenses from the charity during the year or preceding years. 6 Investments 2024 2023 Market value at 6 April 2023 16,956.506 19,147,594 Acquisition cost in the year Proceeds from disposals in the year 1.480,643 {1,230,909) 1,681,233 (1,934.7091 249.734 1253,476) Realised gains on disposals Unrealised investment gains 113,402 1.252.107 923.980 (2,861.592) 1,365,509 (1,937,612} Market value at 5 April 2024 18.571.749 16,956,506 Cash held wlthin the investment pwtfoLio 98.131 305,861 Total value of portfolio at 5 April 2024 18.669,880 17,262,367 Historical cost at 5 April 2024 14,526,940 14,163,804 17 THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Notes to the flnandal statements for the year ended 5 Aprfl 2024 6 Investments (continued 2024 At 5 Jlpril 2024 the market value is divided: Bonds - 16 holdings Alternatives & Multi-As5et - 11 holdings Other Instruments - 1 holding UK Equlties - 13 holdings USA . 9 holdings Europe - 3 holdings Japan - 1 holding Pacific Basin ex Japan - 1 holding Emerging Markets - 1 holding Rest of the World - 3 holdings 2,918,776 3,644.026 33,646 4,134,272 4,270,317 1,206,984 233.600 286,428 95,03Q 1.748,670 15.6% 19.5% 0.2% 22.1% 22.9% 6.5% 1.3% 1.5% 0.5% 9.4% 18,571,749 99.5% Un5nvested cash capital 98,131 0.5% 18.669,880 1 CM)% There were no investments in the portfolio wh7ch exceeded 5%. 7 Debtors 2024 2023 Accrued investment income 37.734 37,273 8 Creditors: Amounts falling due wlthkn one year 2024 2023 Investment management fee Grants Auditors. fee 15.639 5.000 14,814 1,260 22,139 16,074 1B THE GEORGE CADBURY TRUST (GEORGE, HENRY T AND LAURENCE J CADBURY SECTION) WHOSE WORKING NAME IS GEORGE CADBURY FUND 'B' ACCOUNT Notes to the financial statements for the year ended 5 April 2024 9 Statement of movement on unrestrirted funds Expenditure Gains and (Losses Balance as at 6 April 2023 Balance as at 5 April 2024 Income Transfers Designated fund: Investment fund 17,262,367 1,407.513 18,669,880 General fund 146,011 438,122 908,675 (1,407,513) 85,295 Total unrestrlrted funds 17.408.378 438.122 908,675 18,755,175 Transfers were made betwew the Investment fund and general fund in order to equate the investment fund vaLue Wlth the value of the investment mfolio. 10 Taxatlon George Cadbury Fund 'B' Account is a regTStered clk3rity and, as such is exempt from tax on income and gains fall7ng within section 505 ICTA88 or section 256 TCGA92 to the extent that they are appl7ed to its charitable objectTves. 11 Related parties In the year, other than those referred to in note 4, there have been no transactions ￿th persons or entities that are closely connected to the charity or its Trustees. 12 Trustees. remuneratlon and beneflts N4Jne of the Trustees have been paid any remuneration or received any other benefits from the Charity. 13 Trustees. expense5 No trustees. expenses were incurred in the year ended 5 AprTI 2024 (2023 - NII). 14 Controlling party Throughout the current and previous perTod, the charity was not Lnder the C￿troL of any Single individual or entity. 19