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2024-03-31-accounts

THE PATRICIA ROUTLEDGE FOUNDATION

Trustees’ Report

and Financial Statements

for the year ended 31 March 2024

Registered Charity Number 1077862

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

CONTENTS

Page
Charity information 1
Trustees’ report 2
Independent auditor’s report 4
Statement of financial activities 7
Balance sheet 8
Satement of cash flow 9
Accounting policies 10
Notes to the financial statements 12

THE PATRICIA ROUTLEDGE FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

CHARITY INFORMATION

Trustees

Dame K P Routledge Rev Canon T D Nason Mrs S W Simmons Mr M A Sims Ludlow Trust Company Limited

Principal office

1st Floor Tower Wharf Cheese Lane Bristol BS2 0JJ

Registered charity number

1077862

Independent Auditor

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Banker and investment manager

Coutts & Co 440 Strand London WC2R 0QS

Page 1

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

TRUSTEES’ REPORT

The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

STRUCTURE GOVERNANCE AND MANAGEMENT

The Patricia Routledge Foundation is a registered charity constituted under a trust deed dated 31 March 1999 as amended by deed dated 24 September 1999 as amended by scheme dated 5 June 2012 and as amended by deeds dated 13 November 2013 and 13 September 2021, and registered as a charity 20 October 1999.

The Foundation is controlled by the trustees. The power to appoint and remove trustees rests with the settlor trustees, or survivors of them, during their lifetime and subject to this is exercisable by the trustees from time to time.

On agreeing to become a trustee of the charity, the trustees are thoroughly briefed by the existing co-trustees on the constitution of the Trust, the day-to-day management, responsibilities of the trustees, the current objectives and future plans.

The trustees have assessed the major risks to which the charity is exposed. The trustees believe that by ensuring controls exist over key financial systems they have established effective systems to mitigate those risks.

OBJECTIVES AND ACTIVITIES

The objects of the charity are to further such objects or purposes which are exclusively charitable according to the law of England and Wales as the trustees shall think fit.

In furtherance of the charity’s objects for the public benefit the trustees provides grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW

Incoming resources for the period totalled £491,377 (2023: £331,931) consisting of investment income of £78,117 (2023: £65,044) and transfers from the capital fund of £413,260 (2023: £266,887).

Charitable expenditure in the period comprised grants to charitable organisations totalling £468,084 (2023: £303,125) while support and governance costs amounted to £19,864 (2023: £21,575) with investment management fees of £14,423 (2023: £14,437) giving total resources expended of £502,371 (2023: £339,137).

Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time. As at 31 March 2024 free reserves were a surplus of £6,174 (2023: £2,745).

PLANS FOR FUTURE PERIODS

The trustees intend to continue the charity’s grant-making activity.

Page 2

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

TRUSTEES’ REPORT

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPOINTMENT OF INDEPENDENT AUDITOR

For the period under review the charity exceeded the audit threshold and appointed Blue Spire Limited as auditors. Blue Spire Limited have expressed their willingness to remain as auditors of the charity.

Approved by the trustees and signed on their behalf.

Katherine Forder on behalf of Ludlow Trust Company Limited Trustee

26 November 2024 Date

Page 3

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

INDEPENDENT AUDITOR’S REPORT

Independent Auditor’s Report to the Trustees of The Patricia Routledge Foundation

Opinion

We have audited the financial statements of The Patricia Routledge Foundation (the ‘charity’) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows 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:

Other matter

The financial statements of the charity for the year ended 31 March 2023 were not audited. Accordingly we make no comment nor draw any conclusions in respect of the year to 31 March 2023 though we have satisfied ourselves the opening balances of the current year do not contain any material misstatements.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and 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. 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 4

THE PATRICIA ROUTLEDGE FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

INDEPENDENT AUDITOR’S REPORT

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:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have 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 assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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 misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and donation funded grantmaker there is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.

Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding

Page 5

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

INDEPENDENT AUDITOR’S REPORT

irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s 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 might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Cawley Priory
South Pallant
BlueSure hiinited Chichester
West Sussex
Blue Spire Limited, Statutory Auditor Blue Spire Limited, Statutory Auditor PO19 1SY
Date Date
26 November 2024

Blue Spire Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 6

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Investments
2
Total
EXPENDITURE ON:
Raising funds
3
Charitable activities
4
Total
Net gains/(losses) on investments
8
Net Income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
10,11
Total funds carried forward
10,11		 Income
Fund
£
-
78,117
78,117
-
487,948
487,948
-
(409,831)
413,260
3,429
2,745
6,174		 Capital
Fund
£
200,197
-
200,197
14,423
-
14,423
363,006
548,780
(413,260)
135,520
3,272,777
3,408,297		 2024
Total
Funds
£
200,197
78,117
278,314
14,423
487,948
502,371
363,006
138,949
-
138,949
3,275,522
3,414,471		 2023
Total
Funds
£
125,000
65,044
190,044
14,437
324,700
339,137
(162,243)
(311,336)
-
(311,336)
3,586,858
3,275,522

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 7

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

BALANCE SHEET AS AT 31 MARCH 2024

2024 2023
Note £ £ £ £
FIXED ASSETS
Investments 8 3,109,399 3,040,087
CURRENT ASSETS
Cash at hand and in bank 317,677 245,051
Total current assets 317,677 245,051
CURRENT LIABILITIES
Creditors: amounts falling due within one year 9 12,605 9,616
Net current assets/(liabilities) 305,072 235,435
Net assets/(liabilities) 3,414,471 3,275,522
THE FUNDS OF THE CHARITY
Capital 10,11 3,408,297 3,272,777
Income 10,11 6,174 2,745
Total charity funds 3,414,471 3,275,522
The accompanying notes form part of the financial statements

Approved by the trustees and signed on their behalf

Katherine Forder on behalf of Ludlow Trust Company Limited Trustee

26 November 2024 Date

Page 8

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

STATEMENT OF CASH FLOWS

Note
£
£
Net cash flow from operating activities (see below)
(299,185)
Cash flow from investing activities
Investment income
78,117
Payments to acquire investments
(2,166,774)
Receipts on sale of investments
2,460,468
Net cash flow from investing activities
371,811
Net increase/(decrease) in cash and cash equivalents
72,626
Cash and cash equivalents at 1 April
245,051
Cash and cash equivalents at 31 March
317,677
Cash and cash equivalents consist of:
Cash at bank and in hand
317,677
Cash and cash equivalents at 18 December
317,677
Reconciliation of net income to net cash flow from operating activities
£
£
Net income/(Net expenditure)
138,949
Adjusted for:
Investment income
(78,117)
Net (gains)/losses on investments
(363,006)
Increase/(decrease) in creditors
2,989
(438,134)
(299,185)
2024
2024		 £
£
(214,576)
65,044
(2,011,428)
2,003,945
57,561
(157,015)
402,066
245,051
245,051
245,051
£
£
(311,336)
(65,044)
162,243
(439)
96,760
(214,576)
2023
2023		 £
£
(214,576)
65,044
(2,011,428)
2,003,945
57,561
(157,015)
402,066
245,051
245,051
245,051
£
£
(311,336)
(65,044)
162,243
(439)
96,760
(214,576)
2023
2023
(214,576)

Page 9

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The Patricia Routledge Foundation is a registered unincorporated charity, established under a trust deed, in England and Wales. The address of the principal office is given in the charity information of these financial statements and the nature of the charity’s operations and principal activities are detailed in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.

VAT

The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.

Page 10

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

ACCOUNTING POLICIES

Taxation

The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the Charity's activities.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents

Cash and cash equivalents includes cash at bank and in hand and cash balances within the investment portfolio available for investment transaction purposes.

Fund accounting

Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Capital (endowment) funds comprise the original gifts introduced by the settlor trustees and associated gift aid, together with the accumulated realised and unrealised surpluses arising on investments acquired with those gifts, less any donations made out of capital. The capital funds are expendable at the discretion of the trustees. Investment management charges and legal advice relating to the fund are charged against the fund. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 11

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

1. Income from donations and legacies

Donations
Gift aid
2. Income from investments
Income from investment assets
Interest on cash deposits
3. Raising funds
Investment management fees		 Income
Funds
£
-
-
-
Income
Funds
£
72,393
5,724
78,117
Income
Funds
£
-
-		 Capital
Funds
£
140,000
60,197
200,197
Capital
Funds
£
-
-
-
Capital
Funds
£
14,423
14,423		 2024
Total
Funds
£
140,000
60,197
200,197
2024
Total
Funds
£
72,393
5,724
78,117
2024
Total
Funds
£
14,423
14,423		 Income
Funds
£
-
-
-
Income
Funds
£
63,238
1,806
65,044
Income
Funds
£
-
-		 Capital
Funds
£
100,000
25,000
125,000
Capital
Funds
£
-
-
-
Capital
Funds
£
14,437
14,437		 2023
Total
Funds
£
100,000
25,000
125,000
2023
Total
Funds
£
63,238
1,806
65,044
2023
Total
Funds
£
14,437
14,437

4. Expenditure on charitable activities

Grants to institutions (see note 5)
Support and governance costs
Administrative management fees
Accountancy fees
Independent auditor's fee
Independent examiner's fee		 Income
Funds
£
468,084
17,764
-
2,100
-
487,948		 Capital
Funds
£
-
-
-
-
-
-		 2024
Total
Funds
£
468,084
17,764
-
2,100
-
487,948		 Income
Funds
£
303,125
20,795
600
-
180
324,700		 Capital
Funds
£
-
-
-
-
-
-		 2023
Total
Funds
£
303,125
20,795
600
-
180
324,700

At the balance sheet date the charity had unprovided grant commitments, subject to ongoing review and approval, amounting to £326,180 which will be approved and paid on the basis of the trustees’ satisfaction of the use of funds previously provided.

Page 12

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated

4Sight Vision Support
Action For M.E.
Actors Benevolent Fund
Acts Fast
AESS
Age UK West Sussex
Age UK Wirral
Asthma Relief
Beanstalk
Beatrix Potter Society
Become Charity
Birkenhead School
Birmingham Royal Ballet
BLESMA
Bristol Association For Neighbourhood Daycare
Bristol And Bath Parks Foundation
Bristol Old Vic Theatre School Limited
British Blind Sport
British Epilepsy Association
British Heart Foundation
British Wireless For The Blind Fund
CancerWise
Carers UK
Challengers
Changing Tunes
Cheltenham Festivals
3
Chestnut Tree House
Chichester City Centre Drop In
Chichester Festival Theatre
2
Chichester Symphony Orchestra
Child Bereavement UK
Children on the Edge
Childrens Book Fest - Chichester CIO
Claire House Children's Hospice, The Wirral
Contact '88', Chichester
Crisis UK, Christmas Appeal
Cruse Bereavement Support
Deafblind UK
Dementia Support
Eastside Community Trust
End Furniture Poverty
English National Opera
Farms for City Children
Fishbourne Playing Field Association
Forest Of Avon Trust
Freedom From Torture
Carried down
Chichester Cathedral Restoration And Development
Trust CIO
Chichester Diocesan Association For Family Support
Work		 2024
Total
Funds
£
5,000
Brought down
3,000
5,000
Friends Of Chichester Hospital
2,000
Goodwood Education Trust
5,000
Headway
5,000
Holst Birthplace Trust
5,000
Housing Matters
2,000
Inside Justice
3,000
2,000
Jessie May
5,000
JMK Trust
100
Kent, Surrey & Sussex Air Ambulance Trust
3,000
Kidney Research UK
4,000
Leukaemia UK
1,000
Listening Books
2,000
London Symphony Orchestra
5,000
Marie Curie Cancer Care, Chichester
1,500
Marylebone Project
3,000
Mencap
2,000
Meningitis Now
3,000
1,000
Missing People
5,000
Momentum Children's Charity
2,000
Motor Neurone Disease Association
2,000
Muscular Dystrophy UK
5,080
My Sister's House
3,000
National Children's Orchestra
1,200
National Literacy Trust
2,000
Newlife
2,500
North West Air Ambulance
15,000
Oesophageal Patients Association
2,000
Operation Smile
4,000
Osteoporosis Society
5,000
3,000
Ovation Music
5,000
Red Ballon Learner Centres
5,000
Royal Academy Of Music
3,000
Royal Northern College Of Music
2,000
RSPB
2,000
Sailors' Society
5,000
2,000
Shannon Trust
1,000
Sightsavers
1,000
SOFA Project
3,000
Songbird Survival
5,000
Southern Cathedrals Festival
2,000
Spinal Muscular Atrophy UK
5,000
Carried down
160,380
Independent Provider Of Special Education
Advice
Microphthalmia, Anophthalmia&Coloboma
Support
Queen Elizabeth's Foundation For Disabled
People
Samaritans Of Bognor Regis, Chichester &
District		 2024
Total
Funds
£
160,380
2,000
1,000
5,000
6,204
2,000
5,000
3,000
3,000
3,000
3,000
5,000
5,000
1,000
3,000
4,000
5,000
2,000
2,000
1,000
3,000
3,000
2,000
3,000
3,000
2,000
5,000
3,000
2,000
1,000
1,000
2,000
4,000
2,000
5,000
10,000
5,000
2,000
2,000
3,000
3,000
2,000
1,000
1,000
5,000
2,000
298,584

Page 13

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated (continued)
2024
Total
Funds
£
Brought down
298,584
Brought down
St Barnabas Hospices (Sussex) Ltd
3,000
The Macular Disease Society
St Richards Hospice Foundation
2
5,000
The Nucleo Project
St Wilfrid's Hospice
2
8,000
The Royal British Legion
Stonepillow
5,000
The Royal National College For The Blind
Stroke Association
2,000
The Royal National Lifeboat Institution
Sussex Community Foundation
5,000
The Seeing Dogs Alliance
Teenager Cancer Trust
2,000
The Aldingbourne Trust
3,000
The Sussex Snowdrop Trust
The Alzheimers Society
3,000
The Szilway Foundation
The Amber Trust
5,000
The Bach Choir
2,000
The Woodland Trust
The Barn Owl Trust
1,000
Travelling Light Theatre Company
The Benedetti Foundation
2,000
Treloar Trust
The Brain Tumour Charity
4,000
UK Harvest Limited
The Bristol Children's Help Society
2,000
University College London Hospitals Charity
The Cambridge Arts Theatre Trust Ltd
3,000
University of Liverpool
The Campaign for National Parks
2,000
Variety The Children's Charity
The Compassionate Friends
2,000
Victim Support
The Connection at St Martin-In-The-Fields
5,000
2
The David Nott Foundation
5,000
Winston's Wish
The Extracare Charitable Trust
5,000
Young Lives vs Cancer
The Four Streets Project, Chichester
3,000
Young Sounds UK
The Girls' Day School Trust
2
4,000
Yvonne Arnaud Theatre, Guildford
The Guide Dogs For The Blind
5,000
Zimbabwe A National Emergency
Carried down
384,584
Total
2023
Total
Funds
£
4Sight Vision Support
3,000
Brought down
Action For M.E.
2,000
Actors Benevolent Fund
5,000
Bristol Old Vic Theatre School Limited
AESS
5,000
British Epilepsy Association
Age UK West Sussex
5,000
British Wireless For The Blind Fund
Age UK Wirral
5,000
Carers UK
Alnwick Distric Playhouse Trust
2,000
Caudwell Children
Asthma Relief
2,000
Challengers
At A Loss.Org
1,000
Cheltenham Festivals
2
Beanstalk
3,000
Chestnut Tree House
Beatrix Potter Society
2,000
Chichester Festival Theatre
Become Charity
4,000
Chichester Symphony Orchestra
Bershire, Buckinghamshire And
Oxfordshire Wildlife Trust
1,000
Child Bereavement UK
Birkenhead School
100
Children on the Edge
Birmingham Royal Ballet
3,000
Children's Hearts UK
Bletchley Park Trust
2,000
Claire House Children's Hospice, The Wirral
Blind Veterans UK
2,000
Contact '88', Chichester
Carried down
47,100
Carried down
Wallace and Gromit's
Children's Foundation
The Westminster Abbey Trust
The Sussex Association for Spina Bifida &
Hydrocephalus		 2024
Total
Funds
£
384,584
5,000
2,000
5,000
2,000
3,000
3,000
2,000
3,000
2,000
5,000
3,000
2,000
2,000
3,000
2,000
3,500
5,000
3,000
5,000
3,000
3,000
4,000
10,000
3,000
468,084
2023
Total
Funds
£
47,100
5,000
2,000
2,000
4,000
2,000
1,000
3,825
3,000
4,000
2,000
3,000
5,000
1,000
5,000
3,000
92,925

Page 14

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated (continued)
2023
Total
Funds
£
Brought down
92,925
Brought down
Crisis UK, Christmas Appeal
3,000
Sistema England
Deafblind UK
2,000
Songbird Survival
DEC - Pakistan Floods Appeal
5,000
St Barnabas Hospices (Sussex) Ltd
Dementia Support
5,000
St Richards Hospice Foundation
Drama Expressions For Children
2,000
St Wilfrid's Hospice
English Symphony Orchestra
1,000
Stonepillow
Farms for City Children
3,000
Strength & Learning Through Horses
Freedom From Torture
5,000
Stroke Association
Friends Of Chichester Hospital
2,000
Sussex Community Foundation
HART Wildlife Rescue
1,000
Terry's Day Care Limited
Headway
3,000
The Aldingbourne Trust
Housing Matters
1,000
The Alzheimers Society
Independent Provider Of Special Education Advice
2,000
The Amber Trust
James Menzies-Kitchin Memorial Trust
2,000
The Bach Choir
Kent, Surrey & Sussex Air Ambulance Trust
3,000
The Brain Tumour Charity
Kidney Research UK
5,000
The Brainwave Centre Limited
Life Education Bristol
2,000
The Campaign for National Parks
Listening Books
2,000
The Church Army
Living Paintings
2,000
The Connection at St Martin-In-The-Fields
London Symphony Orchestra
3,000
The Disabled Sailors Association
Marie Curie Cancer Care, Chichester
4,000
The Extracare Charitable Trust
Missing People
3,000
The Four Streets Project, Chichester
Momentum Children's Charity
2,000
Motor Neurone Disease Association
2,000
The Guide Dogs For The Blind Association
Muscular Dystrophy UK
2,000
The Macular Disease Society
Musicians Benevolent Fund
1,000
The Naval children's Charity
National Literacy Trust
3,000
The Royal British Legion
National Museums Liverpool
2,000
The Royal National College For The Blind
North West Air Ambulance
2,000
The Royal National Lifeboat Institution
One25 Limited
2,000
The Sussex Snowdrop Trust
Operation Smile
1,000
The Woodland Trust
Osteoporosis Society
2,000
Treloar Trust
Polka Children's Theatre Limited
2,000
UK Harvest Limited
Queen Elizabeth's Foundation For Disabled People
2,000
2
Red Ballon Learner Centres
4,000
Variety The Children's Charity
Resolve West Ltd
1,000
Victim Support
RSPB
2,000
Winston's Wish
Samaritans Of Bognor Regis, Chichester & District
3,000
Young Lives vs Cancer
Shannon Trust
2,000
Young Sounds UK
Sightsavers
2,000
Zimbabwe A National Emergency
Carried down
190,925
Total
University College London
Hospitals Charity (UCLH)
The Friends Of Bristol Haematology And
Oncology Centre		 2023
Total
Funds
£
190,925
2,000
500
3,000
3,000
5,000
5,000
1,000
2,000
4,500
1,000
3,000
3,000
4,000
2,000
1,000
1,000
2,000
5,000
3,000
2,000
3,000
2,000
1,000
3,000
5,000
3,200
5,000
2,000
3,000
3,000
3,000
2,000
2,000
3,000
5,000
3,000
3,000
2,000
3,000
3,000
303,125

Page 15

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

6. Independent auditor's and examiner's fees

Auditor's fee - audit
Examiner's fee - examination		 Income
Funds
£
2,100
-
2,100		 Capital
Funds
£
-
-
-		 2024
Total
Funds
£
2,100
-
2,100		 Income
Funds
£
-
180
180		 Capital
Funds
£
-
-
-		 2023
Total
Funds
£
-
180
180

7. Related party transactions

During the year under review Ludlow Trust Company Limited charged the charity £17,764 (2023: £20,795) for administrative services with £4,291 (2023: £5,190) accrued at the balance sheet date.

The Trust has no employees, all administration being carried out by the trustees.

Other than the fees noted above, no remuneration was paid to nor expenses paid to or on behalf of any trustee during the period under review.

8. Fixed asset investments - Listed

Brought forward
Additions
Disposals at proceeds
Change in market value
Gains/(losses) on investments		 2024
£
3,040,087
2,166,774
(2,460,468)
363,006
3,109,399
363,006
363,006		 2023
£
3,194,847
2,011,428
(2,003,945)
(162,243)
3,040,087
(162,243)
(162,243)

9. Creditors: amounts falling due within one year

Accruals - Audit fees
Accruals - Accountancy fees
Accruals - Administrative Management fees
Accruals - Independent examiner's fees
Accruals - Investment Management fees
Accruals - Grants payable		 2024
£
2,100
600
4,291
-
3,614
2,000
12,605		 2023
£
-
600
5,190
180
3,646
-
9,616

10. Analysis of net assets between funds

Fixed assets investments
Net current assets		 Income
Funds
£
-
6,174
6,174		 Capital
Funds
£
3,109,399
298,898
3,408,297		 2024
Total
Funds
£
3,109,399
305,072
3,414,471		 Income
Funds
£
-
2,745
2,745		 Capital
Funds
£
3,040,087
232,690
3,272,777		 2023
Total
Funds
£
3,040,087
235,435
3,275,522

Page 16

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

11. Net movement in funds

Capital funds
Income funds
Capital funds
Income funds		 Year ended 31 March 2024 Year ended 31 March 2024
Total funds
brought
resources
£
3,272,777
2,745
3,275,522		 Total
incoming
resources
£
200,197
78,117
278,314		 Total
Transfers
resources
between
expended
funds
£
£
(14,423)
(413,260)
(487,948)
413,260
(502,371)
-
Year ended 31 March 2023		 Gains/(losses)
on investment
assets
£
363,006
-
363,006		 Total funds
carried
forward
£
3,408,297
6,174
3,414,471
Total funds
brought
resources
£
3,591,344
(4,486)
3,586,858		 Total
incoming
resources
£
125,000
65,044
190,044		 Total
resources
expended
£
(14,437)
(324,700)
(339,137)		 Transfers
between
funds
£
(266,887)
266,887
-		 Gains/(losses)
on investment
assets
£
(162,243)
-
(162,243)		 Total funds
carried
forward
£
3,272,777
2,745
3,275,522

The transfer from endowment to unrestricted funds was implemented to provide resources for grant awards in furtherance of the charity's objectives.

12. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

2024
Total
Funds
£
Financial assets
Measured at fair value through net income/(expenditure):
Fixed asset investments
3,109,399
3,109,399
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
2024
Total
Funds
£
Income and expense
Financial assets measured at fair value through net income/(expenditure)
Investment income
72,393
Investment management fees
(14,423)
57,970
Net gains and losses (including changes In fair value)
Financial assets measured at fair value through net income/(expenditure)
Net gains/(losses) on investments
363,006
363,006
value with valuations obtained by		 2023
Total
Funds
£
3,040,087
3,040,087
2023
Total
Funds
£
63,238
(14,437)
48,801
(162,243)
(162,243)

Page 17

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

13. Comparative statement of financial activities

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Investments
2
Total
EXPENDITURE ON:
Raising funds
3
Charitable activities
4
Total
Net gains/(losses) on investments
8
Net Income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
10,11
Total funds carried forward
10,11		 Income
Fund
£
-
65,044
65,044
-
324,700
324,700
-
(259,656)
266,887
7,231
(4,486)
2,745		 Capital
Fund
£
125,000
-
125,000
14,437
-
14,437
(162,243)
(51,680)
(266,887)
(318,567)
3,591,344
3,272,777		 2023
Total
Funds
£
125,000
65,044
190,044
14,437
324,700
339,137
(162,243)
(311,336)
-
(311,336)
3,586,858
3,275,522

Page 18