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2024-03-31-accounts

Charity number: 1064963 The Sir James Roll Charitable Trust Trustees. report and financlal statements For the year ended 31 March 2024

The Slr James Roll Charftable Trust Contents Page Reference and admlnlstratlve delails of the Trus( Its Trustees and advlsers Trustees. report Independent audltors. report on the flnanclal statements statement of flnanclal actlvltles 10 Balance sheet 11 Notes to the financlal statements 12-25

The Sir James Roll Charitable Trust Reference and admlnEstrative details of the Trust, its Trustees and advisers For the year ended 31 March 2024 Trustees NTGCWharton B WEIVY J M Liddiard Charity registered number 1064963 Principal office Downs Fami Pilgrims Way Wouldham Rochester Kent ME13RB Independent auditors Azets Audit Services Statutory Audilors Globe House Eclipse Park Sitttngboume Road Maidstone Kent ME14 3EN Bankers CAF Bank Limited 25 Kings Hill Avenue King5 Hlll West Malling Kent ME19 4JQ Solicitors DGB Solicitors LLP The Captain's House Ceniral Avenue Pembroke Chatham K8nt ME44UF Investment Managers Rathbone Investment Management Second Floor. Wykeham Court ictoria Road Wlnchester S023 7RG Accountants Kreston Reeves LLP Chartered Accountants Montague Pla Chatham Maritime Kent ME4 4au Page 1

The Sir James Roll Charitable Trust Trustees. report For the year ended 31 March 2024 The Trustees present thelr annual report together with the audsted financial slatem8nts of the Trust for the year from 1 April 2023 to 31 March 2024. The Trustees have adopted th8 provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by charit￿5" in preparing the annual report and financial statements of the Charity. The financial statements have been prepared in 'accordance wlh Ihe accounting policies set out in notes to the accounts and comply ￿￿th the Charitys goveming document, the Charities Act 2011. and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland published in October2019. Objectives and activities a. Policies and objectives The object of the Trust is to provide pUb￿C benefit by supporting registered charitable organisations by way of grants for the following purposes: the promotion of mutual tolerance. commonalty and cordiality in major worfd religions. the furtherance of access to computer technology as a teaching medlum at primary school levels. the improved access to computer technology in communlty based projects other than political partles or local govemment. the fundlng of projects aimed at earty identification of specific leaming disorders. such other charitable object or objects in any part of the world as the Trustees shall in Ihelr absoluie discrelion think fit to support or establish. The Trustees confirm that they have referred to guidan￿ contalned In the Charity Commission's general guidance on public benefjt when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making poI￿Y for the year. There have been no changes in the objectives since the last annual report. In satting objectives and planning for activities, the Trustees have given due consideration to general guidance published by Ihe Charty Commission relating to pUb￿C benefft, including the guidance 'Public benefit: running Gharity (PB2)'. b. Grant-making policies All grants must be in accordance wilh th8 objects of Ihe Charitsble Trust. Page 2

The Slr James Roll Charltable Trust Trustees. report (contlnued> For the year onded 31 March 2024 Achlevements and perforniance a. Revlew of actlvlties The results for the year are set out on page 10. Income from Investments in the year amounted to £244.699 (2023: £253.473) representing a gross return of 5.52 /0 (2023: 5.360A) on the closing value of the investrnents. Grants made in the year amount to £206.500 {2023: £227,000) representing 84.39Yo (2023: 89.56Yo) of total income from all sources. The cumulative balance of £11,152 (2023: £22,609) is carrfed fomard as an unrestiicted fund. The Investments held in the restricted endowment fund amounted to £4,568,366 as at 31 March 2024 (2023: £4,593,401). as reflected in note 10 to the financial slatements. b. Investment pollcy and perfomiance The investment policy of the Trust is the subject of a detailed investment policy slatement revi8wed annually by the Trustees once the draft financial statements are available. Th8 objectives of the Trusf5 Investment policy are: a) To provide a reasonable level of income in order to contlnue the Trusys capacity to apply grants to those charfll8s which the Trustees decide quallfy under the Deed of Trust. b) To mainlain and enhance the real value of the assets over Ihe long term by Investment in a portfollo comprlsed of equities, fixed income stocks and cash. The Trustees are governed by the Trust8& Act 2CMJO. The Trust's objectives (8ee above) are to be achlevad by Investing prudently and cautiously in a broad range of fixed interest securities and equities, which are quoted on a recognised Investment Exchange, and unit trusts and open ended investment companies (OEICS). The investment portfolio mix will fall wlthin Ihe following broad ranges: UK Equltles Overseas Equftfes Fixed Interest Cash 4&85° 0-30% 1545% 0-10% No initial equlty investment should exceed 5Yg of the totsl value of the funds under management and the total sum of all equity holdings in excess of 5Yo must not equal or exceed 40Yo of the fund's value at any time without the Trustees, specific approval. Investments In negotiable instruments known as 'derfvatives' are not perm￿ed In any circumstances. Inveslment Managers Rathbone Investment Management who are authorised and regulated by the Flnancial Conduct Authority. are the appointed inveslment managers. They have Conflrn￿d they will comply with tha policy and arrang8rn8nts and that Ihey have not departed from them save with the express approval of the Trust88s. Rathbone Investment Management will provide evidence of the firm's insurance on rèquest. Page 3

The Sir James Roll Charltable Trust Trustees, report (continued) For the year ended 31 March 2024 Achlevements and performanco (continued) Rathbone Inveslment Management will report to the Trustees at regular intervals to be agreed separately providing a full listing of Ihe investments with detalls of their cost. current market value and estimated income and statistics detailing the fund's perfomiance. Cash deposits are placed wilh the approved banks with suilable credit ratings. Cash deposits may also be retained by Ralhbone Investment Management as part of the investrnent portfolio. Financlal revlew a. Golng concern After making approprlate enqulrfes. Ihe Tnjstees have 8 reasonable expectation that the Trust has adequate resources to contlnue in operational existence for the foreseeable future. For this reason, they continue to adopt the golng concem basis In preparing the financial statements. Further details regardlng tho adoptlon of the going concern basis can be found in Ihe accountirKJ pollcles. b. Reserves pollcy RestrlGted Fund The capital of the Trust has been classified as a Restricted Income fund to comply with the objects of the orlglnatlng Trust Deed and the SORP. The Trustees regard this fund, for Internal management purposes, as an "endowment" to which memorandum references are made in the financial statements. At the Balance sheet date the Charity holds reslrfcted funds amountlng to £4.569,107 (2023: £4.594,142). Unr•strlct•d Fund The Trustees. having absolute dlscretion as to the management of the restricted income fund, consider the income and expendilure of the Trust as a whole to be mosl fairly represented by an unrestricted general fund for the purpose of fulfilling their obligations under the Trust Deed.. The Trustees try to see that thè unrestricted fund income after meeting direct expenses is applied In grants to reglstered charities In accordance with the objects of th8 Trust: Grants are mad8 each quarter, to such an amount that ensures Ihe Charity can slill meet ts obligations in terms of fJx8d costs such as investment management fees, consultancy elc. At the Balance sheet date the Charfty holds unrestricted funds amounting to £11,152 (2023: £22.609). which Is In accordance with the reseprfes policy. The Charlty alms to hold a minimum of approximately one month's worth of unrestricted direct costs, amounting to approximately £10.000 (2023: £22,500). structure. governance and managemant a. Constotutlon Th8 Trust is constituted under a Trust deed dated 24 February 1997 and is a registered charity number 1064963. b. Methods of appolntment or electlon of Trustees The management of the Tntst is the responsibility of the Trustees who are elected and co-opted under the tenns of the Trust deed. A Solicitor and Chartered Accountant shall be retained as Trustses on the Board of Truste8S to see that all relevant obligations under the Charities Acts are cfxnplied with. Page 4

The Slr James Roll Charitable Trust Trustees. report {continued) For the year ended 31 March 2024 Structurei governance and management (continued) c. Organisational structure and decision-maklng pollcles The Trustees meet on average four times a year to discuss grant applications and m8tters relating to the administratlon of the Trust, which are also discussed on an ad-hoc basls throughout the financial year. d. Risk management The Trustees have assessed the major risks to which the Trust Is exposed and are satisfied that systems and procedures are in place to mitlgate exposure to the major risks. Plans for future perfods The Trustees wlll contlnue to support the objects of ts Charity for the foreseeable fulure. statement of Trustees. respon51bllltles Th8 Trustees are responsible for preparlng Ihe TTUStees' report and thg financial statements in accordance, wlth appllcable law and Unlted Kingdom Accountlng Standards (United Klngdorn Generally Accepted Accounting Practice). Th8 law applicable to charities in England & Wales requlres the Trustees to prepare financial statements for each financial period which give a Irue and fair vlew of the state of affairs of the Trust and of its income and application of resources. including its Income and expenditure, for that period. In preparing these financlal slatements, the Trustees are required to: select suitable accounting pollcies and then apply them consistently. observe Ihe methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK. Accounting Standards {FRS 102) have been followed, Subject to any materlal departures dlsclosed and explained in the financial statements: prepare the financi81 statements on the going concem basis unless It Is inappropriate to presume that the Trust wlll continue in business. The Truslees are responsible for keeping adequale accounting records that are sufficlent to show and explaln the Trust's transactions and disclose wilh reasonable accuracy at any tlme the financial posltlon of Ihe Trust and enable them to ensure that the financial statements comply wilh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguardlng the assets of the Trust and h8nce for takfng reasonable steps for the prevention and detectlon of fraud and other Irregularities. Page 5

The Sir James Roll Charitable Trust Trustees. report (contlnued) For the year ended 31 March 2024 Dlsclosure of informatlon to audltors Each of the persons who are Trustees at the time when this Trustees. report is approved has confimied that: so far as that Trustee Is aware. there is no relevant audit Informatlon of which the Trust's audltors ar6 unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit inforn)ation and to eslablish that the Trusfs auditors are awar8 of that information. Audltors The auditors, Azets Audit Services, have Indlcated Ihelr wlllingness to continue in office. The designated Trustees will propose a motion reappolntlng the audltors al a meetlng of the Twstees. Approved by order of the members of the board of Trustees and slgned on Ihelr behalf by: NTGCWharton Trustee BWEIVY Trustee J M Llddlard Trustee Date: 26 November 2024 Page 6

The Sir James Roll Charitable Trust

Independent Auditor’s Report to the Trustees of Sir James Roll Charitable Trust

Opinion

We have audited the financial statements of The Sir James Roll Charitable Trust (the ‘charity’) for the year ended 31 March 2024 which comprise the Statement of Financial Activites, Balance Sheet and notes to the financial statements, including 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 Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 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 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 basis 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, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within their report. 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.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. 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 that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Page 7

The Sir James Roll Charitable Trust Indeporident Audilof5 Report to the Trustees of S5r James Roll Charltable Trust"(continued) Responsibilities of trustees As explained more fully in the truslees. responsibilities statement. the trustees are responsible for the preparation of the financ5al statements and for being salisfied Ihat they give a true and fair view, and for such internal control as the trustees detennlne is necessary to enable the preparation offinancial statements that are free from materlal misstatement, whether due to frdud or error. In preparing the financial statements, the trustees are responsible for assesslng the charity's abilty to continue a5 a going Gon￿m. disclosing, as applicable. matters related to going concem and using Ihe going concern basis of a¢¢ounting unless the trustees either intend to liquidale the charity or to cease operations, or have no realistfc alternative but to do so. Audltor responslbllltles for the audlt of the financlal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error, and to issue an audilor's report that Includes our oplnlon. Reasonable assurance Is a high level of assurance, but is nol a guarante8 thal an audit conducted in accordance with ISAS (UK) will always detect a material misstatemenl when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic derisions of users laken on the basis of ihese financial statements. We communicate with those charged wlth govemance regarding. among other matters, the planned scope and timing of th8 audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. Extent lo whlch the audlt was considered capable of detecting Irregularltles. including fraud Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatemenls in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities. its control environment, and likely future developments. Includlng In relatlon to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding. we identrfy and assess the risks of material misstatemenl of the financial 5tatemen15. whether due to fraud or error. design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate lo provide a basi5 for our opinion. This includes consideration of the risk of acts by the enlity that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularities and nonwcompfiance with laws and regulations. including fraud. we designed procedures which Included: Enqulry of management and those charged with govemance around actual and potentlal Iltlgation and claims as well as actual. suspected and alleged fraud: Reviewing minutes of meetings of those charged Mlh governance; Assessing the extent of compliance with the laws and regulations ￿nsidered to have a direct malerial effecl on the fjnancial statements or the operations of the company through enquiry and inspeclion: Revlewlng financlal statement dlsdosurès and tèstlng to supporting documantatlon to assess compliance with applicable laws and regulations- Perfomiing audit work over the rfsk of management bias and overrlde of controls. includlng lesting ofjoumal entries and other adjustrnents for appropriateness. evaluating Ihe business rationale of significant transactions outside the normal course of business and reviewbng accounting estimates for indicators of potsntial bias. Because of Ihe inherent limitations of an audil. Ihere is a risk that we will not detect all Irregularitles, Including those leadlng to a material misstatement in the financial statements or non-compliance wilh regulation. This rfsk increases the more that compliance with a law or regulatM)n is removed from the events and transactions reflected in the financial slaternenls. as we will be less likely to become aw8re of instances of non-compliance. The risk 15 also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, lorgery, collusion, omission or misrepresenta1iorL

The Slr James Roll Charltable Trust Independent Auditof s Report to the Trustees of Slr James Roll Charilable Trust {conllnued) Use ol our report Thls report Is made solely to the chariWs trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mlght state to Ihe charity's trustees those matt8rs we are required to stste 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 Ihan the charity and th8 charity's trust8es as a body. for our audit work. for this r8POrt. or for th8 opinions we have forrn8d. Azets Audit Services Limited (Statutory Auditor) Globe House Eclipse Park Sittingboume Road Maidstone Kent ME14 3EN Date: 23 December 2024 2ets Audit Services Limited is eligible to act as an auditor in temis of SeC￿n 1212 of the Companies Acl 2006.

The Slr James Roll ChariLible Trust Statement of flnanclal aGtivities For the year ended 31 March 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Totsl funds 2023 Note Income from: Investments 244,699 244699 253,473 Total Incom• 244.699 244,699 253,473 Expondlture on: Raising funds Charitable activilies 18.087 18.087 256,156 17,972 271,089 256,156 Total expendlture 18.087 256.156 274.243 289,061 Net expenditure bèforn not losses on Invéstments (18,087) (6,901) (11.457) (29.544) (6,901) (35.588) (423,645) Net losses on investments Net movement In fund5 (24.988) (11.457) (36.445) (459,233) Raconclllatlon of funds: Total funds broughl forward Net movement In funds 4,594.142 (24.988) 22,609 (11,457) 4,616,751 (36,445) S,075,984 (459,233) Total fund8 Carried forward 4,569.154 11.152 4,580.306 4,616.751 The Statement of financial activities includes all gains and losses recognised in the year. Th8 notes on pages 12 10 25 form part of these finandal stslemenls. Page 10

The Sir James Roll Charitable Trust Balance sheet As at 31 March 2024 2024 2023 Note Fixed assets Investments Current assets 10 4,568.366 4,593,401 D8btors Cash at bank and In hand 11 1,365 34,482 2.226 38,113 35.847 40,339 Credltors: amounts falllng due wlthln one year 12 (23.907> (16,989) Net current assets 11,940 23,350 Total net assets 4,580.306 4.616,751 Charity funds Restricted funds Unrestricted funds 13 13 4,569.154 11,152 4,594,142 22,609 Total funds 4,580,306 4,616,751 The financlal statemènts w8re approved and authorised for issue by Ihe Trustees and signed on thelr behalf by: NTGCWharton Trustee BWEIVY Trustee M Llddlard Trustee Date: 26 November 2024 The notes on pages 12 10 25 forni part of these finandal statements. Page 11

The Slr James Roll Charitable Trust Notes to the flnanGlal statements For the year ended 31 March 2024 Goneral Inforniation Sir James Roll Charitable Trust is a Charitable Trust and an Unlncorporated Charity in England and Wales. The registered olTice is Downs Fami. Pilgrims Way. Wouldham, Rochester, Kent, ME13RB. The principal aclivities of the Trust are to support registsred charitable organisations by way of grants. More details are provided in the Trustees Report. Accountlng pollcles 2.1 Basls of preparatlon of flnanclal statements The financlal statemenls have been prepared in accordance with Ihe Charilies SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charl￿as preparing thelr accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> (effeGtSve 1 January 2019). the Financlal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) and thé CharitEes Act 2011. The financlal slatements have been prepared to give a Irue arKI falf vl8w and have departed from the Charitles (Accounts and Reports) Regulations 2008 only to the extent requlred to provide a 'true and fairf view. ThSs ¢Jeparture has Involved following the Charities SORP (FRS 102) published In October 2019. The Sir James Roll Charitable Trust meets Ihe definltlon of a publlc b8n8fit 8ntlty under FRS 102. Assets and liabilitles are initially recognised at hislorical cost or transactlon value unless othepAil8e stated in the relevant accounling policy. The Charity has taken advantage of Ihe provislons in the SORP for charilies applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flow8. Monetary values are rounded lo Ihe nearest whole £1. 2.2 Going concern The Trustees assess whelher the use of going concern is appropriate i.e. whether Ihere are any material uncertalnties related to events or condilions that may cast significant doubt on the ablllty of the Trust to continue as a golng concem. The Trustees make this assessment1n respect of a period of at least one year from the date of authorisation for Issue of the financial statements and have concluded that the Trust has adequat8 resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Trusl's ability to continue as going concern, thus they continue to adopt the going COn￿M basis of accountlng in preparing the financial statements. 2.3 Income All incorne is Tecogni5ed once the Trust has enlitlement to the income, It Is probable that the income will be received and the amount of income receivable can be measured reliably. Incotne tax recoverable In relation to investrnent income is recognised at the time the investmen( income is recelvable. Page 12

The Sir James Roll Charitable Trust Notes to the financlal statements For the year ended 31 March 2024 Accounting policies (continued} 2.4 Expenditure Expenditure is recognised once there is a legal or constructive c*)ligation to transfer economic benefit to a third party. it 18 probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on raising funds includes all expenditure incurred by the Trust to raise funds for its charitable purposes and includes costs of all fundraisSng activilles evenls and non-charitable tradlng. Expenditure on charitable activities is incurred on directly undertaking the activtties whlch further the Trust's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the conditions attachlng are fulfilled. Grdnts offered subject to conditions thlch have not been mel at the year end are noted as a commilrnent. but rK)t accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest recelvable Interest on funds. held on deposil is included when receivable and the amount can be measured reliably by Ihe Trust. this Is normally upon notification of Ihe interest paid or payable by the institulion with whom the funds are deposited. 2.6 Taxation The Trust is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definitlon of a charitable company for UK corporation tax purposes. Accordingly, the Trust is potenlially exempt from taxation in respect of income or capital gains re￿iVed within categories covered by Chapter.3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. 2.7 Investrnents Fixed asset investments are a form of financial instrumenl and are initially recognised at thelr transaction cost and subsequenuy measured at fair value at the Balance sheet dale. unless Ihe value cannot be measured reliably in which case il is measured at cost less irnpairmenl. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investrnents, in the Statement of finan¢lal activities. 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepa5rnents are valued at the amount prepaid net of any trade discounts due. 2.9 Cash al bank and In hand Cash at bank and in hand includes cash and short4erm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 13

The Sir James Roll Charitable Trust Notes to the flnancial statsments For the year ended 31 MarGh 2024 Accountlng pollcles (continued) . 2.10 Llabllities and provlslons Liabilities are re￿gnISed when there is an obligalion at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefrt will be'required in settlement. and the amount of the settlement can be estlmated reliably. Llabilities are recognised at the amount that the Trust anticipates it will pay to Sett18 the debt or the amount it has received as advarttd payments for the goods or services it musl provide. Provisions are measured at the best eslimate of the amounts requlred to settle the obligatson. Where the effect of the time value of money is material. the provision Is based on the present value of those amounts, discounted at Ihe pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.11 Financial instruments The Trust only has financial assets and financial liabilibes of a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their settlement value. 2.12 Fund accounting General funds are unrestricted funds which are available for use at the discietion of the Trustees in furlherance of the general objectives of Trust and which have not been designated for other purposes. Restricted funds are fijnds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Trust for particular purposes. The costs of raising and administering such funds are charged agaiilst the specific fund. The alm and use of each restricted fund is set out in the notes to the financial stalements. Investment income, gains and losses are allocated to the appropriate fund. 2.13 Critical accounting estimatss and areas of judgment ounting estimates and judgmenls are continually evaluated and are based on hlstorical expeTience and other factors, including expectations of future events that are believed to be Teasonable under the circumstances. There are no judgements or key sources of estimatlon uncertainty. The Trust makes estimat8s aTKI assurnptions concerning the future. The r8sulling accounting estimates and assumptions will. by definition, seldom equal the related actual results. The estimates and assumplions that have a significant risk of causing a materlal adjustment to the carying amounts of assets and liabilities within the next financial year are discussed below. Page 14

The Sir James Roll Charftable Trust Notes to tho financial statemenls For the year ended 31 March 2024 Investment Income Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Incom8 from lisled inveslments Deposlt Interest received Commissions received 242.885 1,017 797 242.885 1,017 797 252.366 516 593 244,699 244.699 253,475 Total 2023 253,475 253,475 Irbvostment management expense5 Restricted funds 2024 Total funds 2024 Total lunds 2023 Investment management fees 18,087 18,087 17,972 Total 2023 17,972 17,972 Analysis of expendlture by activities Grants payable 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable activities (notes 6 and 7) 206.500 49,656 256.156 271,089 Totsl 2023 227,000 44,089 271.089 Page 15

The Sir James Roll Charitable Trust Notes to the flnancial statsments For the year ended 31 March 2024 Analysis of grants Grants to Institutions 2024 Total funds 2024 Total funds 2023 Grants F)ayable 206.500 206,500 227,000 Total 2023 227,000 227,000 Durlng the financial year the ChaTity has made gr8nls to 165 institutions (2023: 163), the details of whSch are as shown in note 16 to the financial statements. Support cost5 Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Auditors, remuneration Management & admlnlstration costs (note 8> Sundry expènses 7.500 41,682 474. 7,500 41,682 474 4,692 38,908 489 49.656 49,656 44,089 Total 2023 44.089 44,089 Page 16

Thé Sir James Roll Charitable Trust Notos to the flnanclal statements For the year ended 31 March 2024 Management & administratlon costs Total Total funds funds 2023 2024 As restated Unrèstrlcted funds 2024 Consultancy fees Accountancy fees 21,189 20.493 21,189 20,493 20,352 18.556 41.682 41.682 38.908 Totsl 2023 38,908 38,908 Kreston Reeves LLP recelved £797 (2023: £593) of commissions from Rathbone Investment Managernent Llmlted In respect of a share of transaction commissions arising on the investment changes carried out during the year. This was relmbursed to the Charity. J M Llddiard. an employee of Rathbone Investment Management Limited, receives no remunoration or expenses In his capacity as a Trustee. N T G C Wharton has carried out the admlnlstration of Ihe Charity since establlshlng it on the instruclions of the Rev Sir James Roll. He doe8 this through hls own consultant solicitors office. At the year end the Trust owed N T G C Wharton a sum totalllng to £NII (2023: £Nil), and Kreston Reeves LLP were owed £11,849 (2023: £7,692).. Trustees. remuneratlon and expenses N T G C Wharton has carrled out the administratlon of the Charlty slnce establlshlng it on the instructions of the Rev Sir James Roll. He does this through hls own consultant solicitors office. As disclosed in note 8 to the financial statements. he charged a sum of £19.269 {2023: £18.460) for the services provided during the financial year, none of which was outstanding at the Balanca sh88t date (2023: £Nil). B Elvy, a trustee of the charity. charged a sum of £1,892 for services provided durlng the finanGial year (2023: £1,892). The Charily had no employees during the year (2023: Nil). Durlng the year ended 31 March 2024. expenses totslling £280 were reimbursed or paid dlrectly to 1 Trustee {2023 - £320 to 1 Trustee). Page 17

The Sir James Roll Charitable Trust Notes to the financlal statements For the year ended 31 March 2024 10. Flxed asset investments Cash held at Llsted investment investments managers Total Cost or valuatlon At 1 April 2023 Additions Disposals Revaluations Cash movements 4583,966 406.771 (525,528) (6,901) 9,435 4,593,401 406,771 (525,528) (6,901) 100.623 100.623 At 31 March 2024 4,458,308 110.058 4.568,366 Historical cost The hlstorlcal cost of the Trust's Ilsted r￿ed asset investrnents. at the Balance sheet date, Is £4,333,631 (2023: £4.502,282). Investments at market value comprlse: Listed UK investments of Listed overseas investments of Cash held at investment manag8rs £2,724,223 (2023: £2,561,055) £1,734.085 (2023: £2,022,911) £110.058 (2023: £9,435) Whlch are allocated between: Equities Flxed interest securities Cash held at investment managers £3,818,372 (2023: £3,825,231) £639,938 (2023: £758.735) £110,058 (2023: £9,435) Valuatlon A professional valuallon of the Investments was conducted by Rathbone Investment Management at the year end date of 31 March 2024. Page 18

The Sir James Roll Charitable Trust Notes to the financial slatements For the year ended 31 March 2024 10. Flxed asset Investments (contlnued) Material investments (over 3% of closing markel value) 2024 Blackrock Fund Managers ContEnental Euopean Income D Inc City of London Inv Trust PLC 25p Ordinary Shares JP Morgan Gbl Emerg Mkts Inc 1 p Ordinary Shares Franklin Templeton GBL FDS PLC WA Sht Dur Blue Chip S + Hgd Londonmetric Property PLC 1 Op Ordinary Shares M&G Securities Charifund Inc Merchants Trust PLC 25p Ordinary Shar8S Rio Tinto 10p Ordinary Shares Royal London Asset Mgmt IRE Sterling Extra Yield Bond Z 174,896 141,750 150,075 150,096 132,080 160.169 159.600 183,121 140.027 11. Debtors 2024 2023 Due wlthln one year Other debtors 1.365 2,226 12. Creditors: Amounts falling due wlthln one year 2024 2023 other creditors 23,907 16,989 Page 19

The Sir James Roll Charitable'Trust Notes to the financial statsments Forthe year ended 31 March 2024 13. Statement of funds Statsment of funds • current year Balance at 31 March 2024 Balance at 1 April 2023 Galnsl (Losses) Income Expendlture Unrestrlcted funds ' General funds 22.609 244,699 {256,156)' 11,152 Restrlcted funds Restricted funds 4,594,142 (18,087) (6,901) 4,569,154 Total of funds 4,616,751 244,699 (274,243) (6,901) 4,580,306 Details of the restricted funds are detsiled within the reserves policy on page 4 of th8 Trustees, Report. statement of funds - prlor year Balance at 31 March 2023 Balance at 1 April 2022 Gainsl (Losse5) Incorne Expenditure Unrestrlcted funds General funds 40.225 253.473 {271.089) 22,809 Restrlcted funds Restricted funds 5.035,759 (17.972) (423,645) 4.594,142 Total of funds 5.075,984 253,473 (289,061) (423,645) 4.616.751 Page 20

The Sir James Roll Charilable Trust Notes to the financial ststsments For the year ended 31 March 2024 14. Analysis of net assets between funds Anatysis of net assets between funds - current period Restrfcted Unrestrlctsd funds funds 2024 2024 Tolal funds 2024 Fixed asset investments Current assets Creditors due within one year 4.568,366 5.339 (4551) 4.568,366 35,847 {23,907} 30,508 (19.356) Total 4,569,154 11,152 4.580,306 Analysls of net assets between funds - prior period Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Fixed asset investments Current assets Creditors due within one JEar 4.593,401 5,346 (4.605) 4.593,401 40,339 (16.989) 34,993 (12,384) Total 4.594,142 22.609 4,616,751 15. Related party transactions The Trusfs related party transactions are as set out in notes 8 and 9 to the financial statements. Page 21

The Slr James Roll Charitable TNst Notes to the flnanclal statements For the year ended 31 Ma￿h 2024 16. Grants pald in year to 31 March 2024 2024 3H Foundation 4 Cancer Group Ablè Kidz Action for Kids Actlon Medlcal Research Activileens AFASIC Altemalives to Violence p￿Ject Amy Winehouse Foundation A8pire A-T Society Autism Early Support Trust Ltd Become Charity (formerty Who Cares) BEDE House Association Blind in Business Trust Blooming Blossoms Trust Bowel Cancer UK Bowel Research UK Brain Tumour Researth Brainwave Centre Ltd Bristol children￿ Help Society British Bllnd Sport British Dlsabled Angling Assodatlon British Dyslexia Association Brilish DysleKcs British Epilepsy Assodation British Liver Trust Calibre Audio Cancer Support LIK Cardlac Rlsk In the Yomg Care for Veterans Cauldwell Children Cavell Nurses, Trust Child Brain Injury Trust Childhood Trust Childnet Clty Escape Climbing Out Colostomy UK COMPAID Trust Counlry Trust Crackeiiacks Children's Trust CRIMINON UK CRISIS 1.000 1,250 1.500 1,000 1.000 1.000 1,250 1.250 1.000 1,500 1,000 1.500 1.000 1,50Q 1,000 1.500 1,000 1.000 1.000 1.500 1.000 1.250 1.500 1.000 1.000 1.000 1.000 1,000 1,500 1.500 1.000 1.250 1.250 1.500 1.250 1,000 1.250 1.250 1,000 1.000 1.250 1.000 1.000 10.000 Car￿d forward 60.500 Page 22

The Slr James Roll Chartlable Trust Notes to the flnanclal statsm8nts For the year ended 31 March 2024 16. Grants pald In year to 31 March 2024 (contlnued) 2024 Broughl forward 60.500 Crohn's and Colltls UK Cruse Bereavemont Care Deaft)Ilnd UK Demand Designabllity Drfferent Slrokes.(TTUStees) Ltd Disability Challengers Disabled Sailors Assodalion Douglas Bader Foundation Dream Holidays Dream Makers Dressability Dyspraxla Foundatlon Ellzabeth Foundauon Eplphany Trust (Chrysalis) Evelina Chlldren's Heart Organisaiion Event Moblllty Everyone Can (was PJdS5 Trust) Exmoor Calvert Trust Famlly Hollday Charity Fanris for City Children Llmlled Fighl Against Blindne89 Genetlc Aliance UK Glass Door Homeless Charity (Was West London Chwches Homeless Concem) Go Beyond (fomierly CHICKS) Go Klds Go Grlef Encounter Groundswell Network Supp￿1 UK Hackney Quest Handlcapped Chli drens A¢tlon Group Happy Days Children5 Charity Happy Kids Helen Arkell DyslexTa Charity Home-start Soulh West Kent Honeypot Children's Chariiy Hot Llne Mea15 Servlce (London) House of SL Bamabas Hunlingtons Disease Assoclauon l.T. Schools Africa Inspire Foundation Inler Faith Network 1,000 1.250 1,250 1.000 1.000 1,500 1,250 1,000 1,500 1.250 1,000 1,500 1,000 1.500 1.250 1.000 1,500 5.000 1.500 1.000 1.500 1.500 1,250 1,500 1.2SO 1.250 1.000 1.000 1.000 1.SOO 1.500 1,000 1,000 1,000 1,250 1.000 1,000 1,000 1,000 1.500 1,000 Carried foThY8rd 113.750 Page 23

The Slr James Roll Charitablè Trust Notes to the financlal statemenls For the year ended 31 March 2024 16. Grants pald In year to 31 Plarch 2024 (contlNed) 2024 Brought lo￿ard 113.750 Int8mallonal Spinal Research Trust Jessie May Trust Kent M S Therapy Centre Klds Cancer Charity .Koestler Trust LEAP Lennox Chlldrens Can￿r Fund Leukaemia UK Lrfelites Lightyear Foundatlon Ltd. Llstenlng Books Llving Paintings Trust London Narrow Boat Projecl Make Them Smlle Manna Society Mast Cell Acllon Maxle Richards Foundalion Meningitis Now Mental Health Foundatlon Microloan Foundatlon Mission to Seafarers Mornlng Star Trust Mortlmer Soclety 1.250 1.500 1250 1250 1.000 1.000 1.000 1.000 1,000 1,000 1.500 1250 1.250 1.250 1,500 1,500 1,000 1.000 1.500 1.250 1,000 1.250 1,500 1.000 1.000 1.500 1,500 1.500 1,500 1.250 1.500 1.250 1.000 1,250 1,000 1,000 1.500 1,000 1,000 1,500 1,000 1.000 NASS Natlonal Bobath Cerebal Pa15y Centre Nerve Turnour5 UK (was Neuro Foundation) New Bridge Foundation Oakleaf Enterprl$e OCD ActJon Oesophageal Pgtiènts Assoclatkjn Only Connect UK OrchSd Cancer Appeal Parenting Mental Health Partnershlp for Children PeGan Pituary Foundation Prison Advlce and Care Trust Prisoners Abroad Pflslon Fellowshlp Rainbow Trust Children's Charity Refreshing Minds Carrled forivard 165,000 Pago 24

The Slr James Roll Charitable Trust Notes to the financial statements For the year ended 31 March 2024 16. Grants pald In year to 31 March 2024 (continued) 2024 Brought foThvard 165.000 Resplte Association Richard Dimbleby Cancer Fund Roy Castle Lung Cancer Foundation Safe Families for Children Sailors, Children's Soclety SANE Sayers Croft Trust Scene & Heard Shlne Sick Children's Trust Sofa Project Sound Minds Spinal Muscular Atrophy UK Spitalfjelds Crypt Trust Sportability Street Child . strongbones Children's Charilable Trust Stubbers Adventure Centre Stubs Support Dogs Ltd Support Line Tall Ships Youth Trust Tough Enough to Carè Tower Hamlets Mission Transforrning Autism Project Tree of Hope Unlque Unlock the National Associalion of Ex-offenders ( Was Unlc¢k) Up 'N' Away Walk Ministries Walerfoo Uncovered Waiford Sheltered Workshop Wavelength Charity Wheelyboat Trust Willow Trust Woodwork to Wèllness Worfd Cancer Research Fund Youlh and Community Connexions 1.000 1.250 1.000 1.000 1,000 .1,500 1.000 1.250 1,000 1.000 1.000 1.500 1.250 1.000 1.000 1,250 1.000 1.000 1.250 1.000 1.250 1.00(Y 1,000 1,000 1.000 1250 1,250 1.500 {1,000} 1,000 1,500 1.000 1,000 1,000 1.500 1,500 1,250 1.250 Total 206,500 Page 25