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: 

- give a true and fair view of the state of the charity’s affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- 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 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: 

- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or 

- the charity has not kept adequate accounting records; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

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