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← The Patricia Routledge Foundation

2025-03-31-accounts

THE PATRICIA ROUTLEDGE FOUNDATION

Trustees’ Report

and Financial Statements

for the year ended 31 March 2025

Registered Charity Number 1077862

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS

Page
Charity information 1
Trustees’ report 2
Independent auditor’s report 4
Statement of financial activities 7
Balance sheet 8
Statement 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 2025

CHARITY INFORMATION

Trustees

Dame K P Routledge (Deceased October 2025) Rev Canon T D Nason Mrs S W Simmons Mr M A Sims

Ludlow Trust Company Limited, corporate trustee. The directors of the corporate trustee, company no. 12492064, during the year under review and to date of approval:

Mr Gary St John Collins Mr Walter Duncan Coxon Mr Ali Reza Sarikhani Miss Ziba Christina Sakine Sarikhani Mr Christopher Ian Thurlow Mr Matthew John Wickers Mr John Stephen Dennis (resigned 25/10/2024)

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 2025

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 2025. 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 £614,430 (2024: £491,377) consisting of investment income of £88,370 (2024: £78,117) and transfers from the capital fund of £526,060 (2024: £413,260).

Charitable expenditure in the period comprised grants to charitable organisations totalling £606,030 (2024: £468,084) while support and governance costs amounted to £23,634 (2024: £19,864) with investment management fees of £18,748 (2024: £14,423) giving total resources expended of £648,412 (2024: £502,371).

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 2025 free reserves were a deficit of £9,060 (2024: surplus £6,174).

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 2025

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

Date 30 January 2026

Page 3

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2025 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:

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.

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 4

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT AUDITOR’S REPORT

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 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.

Page 5

THE PATRICIA ROUTLEDGE FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT 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.

Blue Spire Limited, Statutory Auditor 30 January 2026 Date

Cawley Priory South Pallant Chichester West Sussex PO19 1SY

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 2025

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
£
-
88,370
88,370
-
629,664
629,664
-
(541,294)
526,060
(15,234)
6,174
(9,060)		 Capital
Fund
£
1,274,870
-
1,274,870
18,748
-
18,748
91,075
1,347,197
(526,060)
821,137
3,408,297
4,229,434		 2025
Total
Funds
£
1,274,870
88,370
1,363,240
18,748
629,664
648,412
91,075
805,903
-
805,903
3,414,471
4,220,374		 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

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 2025

BALANCE SHEET AS AT 31 MARCH 2025

2025 2024
Note £ £ £ £
FIXED ASSETS
Investments 8 3,838,935 3,109,399
CURRENT ASSETS
Cash at hand and in bank 394,823 317,677
Total current assets 394,823 317,677
CURRENT LIABILITIES
Creditors: amounts falling due within one year 9 13,384 12,605
Net current assets/(liabilities) 381,439 305,072
Net assets/(liabilities) 4,220,374 3,414,471
THE FUNDS OF THE CHARITY
Capital 10,11 4,229,434 3,408,297
Income 10,11 (9,060) 6,174
Total charity funds 4,220,374 3,414,471
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

30 January 2026 Date

Page 8

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF CASH FLOWS

Note
£
£
Net cash flow from operating activities (see below)
627,237
Cash flow from investing activities
Investment income
88,370
Payments to acquire investments
(4,788,345)
Receipts on sale of investments
4,149,884
Net cash flow from investing activities
(550,091)
Net increase/(decrease) in cash and cash equivalents
77,146
Cash and cash equivalents at 1 April
317,677
Cash and cash equivalents at 31 March
394,823
Cash and cash equivalents consist of:
Cash at bank and in hand
394,823
Cash and cash equivalents at 31 March
394,823
Reconciliation of net income to net cash flow from operating activities
£
£
Net income/(Net expenditure)
805,903
Adjusted for:
Investment income
(88,370)
Net (gains)/losses on investments
(91,075)
Increase/(decrease) in creditors
779
(178,666)
627,237
2025
2025		 £
£
(299,185)
78,117
(2,166,774)
2,460,468
371,811
72,626
245,051
317,677
317,677
317,677
£
£
138,949
(78,117)
(363,006)
2,989
(438,134)
(299,185)
2024
2024		 £
£
(299,185)
78,117
(2,166,774)
2,460,468
371,811
72,626
245,051
317,677
317,677
317,677
£
£
138,949
(78,117)
(363,006)
2,989
(438,134)
(299,185)
2024
2024
(299,185)

Page 9

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2025

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 2025

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
£
78,023
10,347
88,370
Income
Funds
£
-
-		 Capital
Funds
£
1,235,925
38,945
1,274,870
Capital
Funds
£
-
-
-
Capital
Funds
£
18,748
18,748		 2025
Total
Funds
£
1,235,925
38,945
1,274,870
2025
Total
Funds
£
78,023
10,347
88,370
2025
Total
Funds
£
18,748
18,748		 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

4. Expenditure on charitable activities

Grants to institutions (see note 5)
Support and governance costs
Administrative management fees
Independent auditor's fee		 Income
Funds
£
606,030
20,334
3,300
629,664		 Capital
Funds
£
-
-
-
-		 2025
Total
Funds
£
606,030
20,334
3,300
629,664		 Income
Funds
£
468,084
17,764
2,100
487,948		 Capital
Funds
£
-
-
-
-		 2024
Total
Funds
£
468,084
17,764
2,100
487,948

At the balance sheet date the charity had unprovided grant commitments, subject to ongoing review and approval, amounting to £422,680 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 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated

4Sight Vision Support
Action for M E
Acts Fast
AESS
Afasic
Age UK West Sussex
Age UK Wirral
Asthma Relief
Beanstalk
Beatrix Potter Society
Become Charity
Bees for Development
Bernstein in Chichester
Birkenhead High School Academy
Birkenhead School
Birmingham Royal Ballet
Blind Veterans UK
Brent Lodge Wildlife Hospital
Bristol Association for Neighbourhood Daycare Limited
Bristol Old Vic Theatre School Limited
British Epilepsy Association
British Wireless for The Blind Fund
Carers UK
Caudwell Children
Chapter One (U.K.) Ltd
Cheltenham Festivals
3
Chestnut Tree House
Chichester Cathedral Restoration and
Development Trust CIO
2
Chichester Festival Theatre
Chichester Symphony Orchestra
Child Bereavement UK
Children on The Edge
Children's Scrapstore
Claire House Children's Hospice, The Wirral
Combat Stress
Community Initiatives South West Limited
Contact '88', Chichester
Creation Theatre Ltd
Crisis UK, Christmas Appeal
Cumbria Wildlife Trust Ltd
Deafblind UK
Demelza Hospice for Children
Dementia Support
Edith Cavell Fund for Nurses
Farms for City Children
Fishbourne Playing Field Association
Frank Field Education Trust
Freedom From Torture
Friends of Chichester Hospital
Carried down
Disasters Emergency Committee, Middle East
Humanitarian Appeal		 2025
2025
Total
Total
Funds
Funds
£
£
5,000
Brought down
219,530
3,000
2,000
Galapagos Conservation Trust
3,000
5,000
Go Beyond Charity
2,000
2,500
Gympanzees
3,000
5,000
Headway
5,000
5,000
Hourglass (Safer Ageing)
4,000
3,000
Housing Matters
5,000
3,000
Independent Provider of Special Education Advice
3,000
3,000
Ironbridge Gorge Museum Trust Limited
1,000
5,000
Kent, Surrey & Sussex Air Ambulance Trust
4,000
2,000
Kidney Research UK
5,000
1,200
Kingston Theatre Trust
2,000
10,000
Knepp Wildland Foundation
3,000
100
Listening Books
2,000
4,000
London Symphony Orchestra
5,000
3,000
Lupus UK
2,000
2,000
Macular Society
3,000
2,000
Marie Curie Cancer Care
5,000
6,000
Marylebone Project Church Army
5,000
4,000
MedEquip4Kids
3,000
4,000
Meningitis Now
2,000
5,000
2,000
3,000
Missing People
5,000
3,000
Momentum Children's Charity
5,000
5,160
Motor Neurone Disease Association
2,000
5,000
Muscular Dystrophy UK
4,000
7,000
My Sisters' House CIO
3,000
5,000
National Literacy Trust
5,000
2,000
North West Air Ambulance
2,000
5,000
Operation Smile
2,000
5,000
Orchestra of The Age of Enlightenment
4,000
2,000
Osteoporosis Society
3,000
5,000
Ovation Music
3,000
2,000
Oxford Philharmonic Orchestra Trust
1,000
3,000
Polka Children's Theatre Limited
2,000
5,000
Prevent 2 Protect
2,000
10,000
Queen Elizabeth's Foundation for Disabled People
5,000
5,000
Read for Good
3,000
20,000
Red Balloon Learner Centre
5,000
2,000
Royal Academy of Music
10,000
2,570
Royal Hospital for Neuro-Disability
3,000
5,000
Royal Northern College Of Music
5,000
5,000
RSPB
3,000
2,000
RSPCA Sussex West Branch
2,000
5,000
Samaritans of Bognor Regis, Chichester & District
5,000
1,000
Schoolreaders
3,000
10,000
Shannon Trust
4,000
5,000
Sightsavers
2,000
5,000
Songbird Survival
1,000
219,530
Carried down
382,530
Microphthalmia, Anophhalmia & Coloboma
Support		 2025
2025
Total
Total
Funds
Funds
£
£
5,000
Brought down
219,530
3,000
2,000
Galapagos Conservation Trust
3,000
5,000
Go Beyond Charity
2,000
2,500
Gympanzees
3,000
5,000
Headway
5,000
5,000
Hourglass (Safer Ageing)
4,000
3,000
Housing Matters
5,000
3,000
Independent Provider of Special Education Advice
3,000
3,000
Ironbridge Gorge Museum Trust Limited
1,000
5,000
Kent, Surrey & Sussex Air Ambulance Trust
4,000
2,000
Kidney Research UK
5,000
1,200
Kingston Theatre Trust
2,000
10,000
Knepp Wildland Foundation
3,000
100
Listening Books
2,000
4,000
London Symphony Orchestra
5,000
3,000
Lupus UK
2,000
2,000
Macular Society
3,000
2,000
Marie Curie Cancer Care
5,000
6,000
Marylebone Project Church Army
5,000
4,000
MedEquip4Kids
3,000
4,000
Meningitis Now
2,000
5,000
2,000
3,000
Missing People
5,000
3,000
Momentum Children's Charity
5,000
5,160
Motor Neurone Disease Association
2,000
5,000
Muscular Dystrophy UK
4,000
7,000
My Sisters' House CIO
3,000
5,000
National Literacy Trust
5,000
2,000
North West Air Ambulance
2,000
5,000
Operation Smile
2,000
5,000
Orchestra of The Age of Enlightenment
4,000
2,000
Osteoporosis Society
3,000
5,000
Ovation Music
3,000
2,000
Oxford Philharmonic Orchestra Trust
1,000
3,000
Polka Children's Theatre Limited
2,000
5,000
Prevent 2 Protect
2,000
10,000
Queen Elizabeth's Foundation for Disabled People
5,000
5,000
Read for Good
3,000
20,000
Red Balloon Learner Centre
5,000
2,000
Royal Academy of Music
10,000
2,570
Royal Hospital for Neuro-Disability
3,000
5,000
Royal Northern College Of Music
5,000
5,000
RSPB
3,000
2,000
RSPCA Sussex West Branch
2,000
5,000
Samaritans of Bognor Regis, Chichester & District
5,000
1,000
Schoolreaders
3,000
10,000
Shannon Trust
4,000
5,000
Sightsavers
2,000
5,000
Songbird Survival
1,000
219,530
Carried down
382,530
Microphthalmia, Anophhalmia & Coloboma
Support
382,530

Page 13

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated (continued)
2025
Total
Funds
£
Brought down
382,530
Brought down
South Downs National Park Trust
3,000
The Organisation for New Music and Sound
St Barnabas Hospices (Sussex) Ltd
5,000
The Royal British Legion
St Richards Hospice Foundation
5,000
The Royal National Lifeboat Institution
St Richards Hospice Worcester
5,000
The Royal Theatrical Support Trust
Stonepillow
5,000
Streetwise Opera
2,000
The Sussex Reptile Rescue Centre
Stroke Association
2,000
The Sussex Snowdrop Trust
Sussex Community Foundation
5,000
The Suzy Lamplugh Trust
Team up for Social Mobility Limited
3,000
The West Sussex Countryside Studies Trust
Teenage Cancer Trust
5,000
The Woodland Trust
The Aldingbourne Trust
5,000
Travelling Light Theatre Company
The Alzheimers Society
6,000
Treloar Trust
The Amber Trust
5,000
UK Harvest Limited
The Bach Choir
3,000
UK Music Masters Ltd
The Brain Tumour Charity
5,000
University College London Hospitals Charity
10,000
Variety The Children's Charity
The Cambridge Arts Theatre Trust Limited
3,000
Victim Support
The Campaign for National Parks
3,000
Wallace & Gromit's Children's Foundation
2,500
West Somerset Railway Association
The Connection at St Martin-In-The-Fields
5,000
West Sussex Mind
The Douglas Bader Foundation
3,000
Winston's Wish
The Extracare Charitable Trust
5,000
Young Bristol
The Four Streets Project, Chichester
5,000
Young Sounds UK
The Girls' Day School Trust
3,000
Arnaud
3
The Guide Dogs for The Blind Association
5,000
Zimbabwe a National Emergency
The Horse Rangers Association (Hampton Court) Limited
2,000
The Macular Disease Society
3,000
Total
The Nucleo Project
4,000
Carried down
500,030
The Bristol Clifton and West of England Zoological
Society Limited
The Chichester Diocesan Association for Family
Support Work
The Sussex Association for Spina Bifida and
Hydrocephalus		 2025
Total
Funds
£
500,030
2,000
5,000
5,000
3,000
2,000
5,000
5,000
1,000
3,000
3,000
1,000
3,000
3,000
3,000
5,000
5,000
3,000
3,000
5,000
3,000
3,000
4,000
5,000
21,000
5,000
606,030

Page 14

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated 5. Grants to institutions - one payment unless indicated (continued)
2024 2024
Total Total
Funds Funds
£ £
4Sight Vision Support 5,000 Brought down 174,584
Action for M.E. 3,000
Actors Benevolent Fund 5,000 Housing Matters 2,000
Acts Fast 2,000 Inside Justice 5,000
AESS 5,000 Independent Provider of Special Education Advice 3,000
Age UK West Sussex 5,000 Jessie May 3,000
Age UK Wirral 5,000 JMK Trust 3,000
Asthma Relief 2,000 Kent, Surrey & Sussex Air Ambulance Trust 3,000
Beanstalk 3,000 Kidney Research UK 5,000
Beatrix Potter Society 2,000 Leukaemia UK 5,000
Become Charity 5,000 Listening Books 1,000
Birkenhead School 100 London Symphony Orchestra 3,000
Birmingham Royal Ballet 3,000 Marie Curie Cancer Care, Chichester 4,000
BLESMA 4,000 Marylebone Project 5,000
Bristol Association for Neighbourhood Daycare Limited 1,000 Mencap 2,000
Bristol and Bath Parks Foundation 2,000 Meningitis Now 2,000
Bristol Old Vic Theatre School Limited 5,000 Microphthalmia, Anophthalmia & Coloboma
Support		 1,000
British Blind Sport 1,500 Missing People 3,000
British Epilepsy Association 3,000 Momentum Children's Charity 3,000
British Heart Foundation 2,000 Motor Neurone Disease Association 2,000
British Wireless for The Blind Fund 3,000 Muscular Dystrophy UK 3,000
CancerWise 1,000 My Sister's House 3,000
Carers UK 5,000 National Children's Orchestra 2,000
Challengers 2,000 National Literacy Trust 5,000
Changing Tunes 2,000 Newlife 3,000
Cheltenham Festivals 3 5,080 North West Air Ambulance 2,000
Chestnut Tree House 3,000 Oesophageal Patients Association 1,000
Chichester Cathedral Restoration and Development
Trust CIO		 1,200 Operation Smile 1,000
Chichester City Centre Drop In 2,000 Osteoporosis Society 2,000
Chichester Diocesan Association for Family Support 2,500 Queen Elizabeth's Foundation For Disabled People 4,000
Chichester Festival Theatre 2 15,000 Ovation Music 2,000
Chichester Symphony Orchestra 2,000 Red Ballon Learner Centres 5,000
Child Bereavement UK 4,000 Royal Academy of Music 10,000
Children on The Edge 5,000 Royal Northern College Of Music 5,000
Childrens Book Fest - Chichester CIO 3,000 RSPB 2,000
Claire House Children's Hospice, The Wirral 5,000 Sailors' Society 2,000
Contact '88', Chichester 5,000 Samaritans of Bognor Regis, Chichester & District 3,000
Crisis UK, Christmas Appeal 3,000 Shannon Trust 3,000
Cruse Bereavement Support 2,000 Sightsavers 2,000
Deafblind UK 2,000 SOFA Project 1,000
Dementia Support 5,000 Songbird Survival 1,000
Eastside Community Trust 2,000 Southern Cathedrals Festival 5,000
End Furniture Poverty 1,000 Spinal Muscular Atrophy UK 2,000
English National Opera 1,000 St Barnabas Hospices (Sussex) Ltd 3,000
Farms for City Children 3,000 St Richards Hospice Foundation 2 5,000
Fishbourne Playing Field Association 5,000 St Wilfrid's Hospice 2 8,000
Forest Of Avon Trust 2,000 Stonepillow 5,000
Freedom From Torture 5,000 Stroke Association 2,000
Friends of Chichester Hospital 2,000 Sussex Community Foundation 5,000
Goodwood Education Trust 1,000 Teenager Cancer Trust 2,000
Headway 5,000 The Aldingbourne Trust 3,000
Holst Birthplace Trust 6,204 The Alzheimers Society 3,000
Carried down 174,584 Carried down 334,584

Page 15

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Grants to institutions - one payment unless indicated (continued)
2024
Total
Funds
£
Brought down
334,584
Brought down
The Amber Trust
5,000
The Bach Choir
2,000
The Sussex Snowdrop Trust
The Barn Owl Trust
1,000
The Szilway Foundation
The Benedetti Foundation
2,000
The Westminster Abbey Trust
The Brain Tumour Charity
4,000
The Woodland Trust
The Bristol Children's Help Society
2,000
Travelling Light Theatre Company
The Cambridge Arts Theatre Trust Ltd
3,000
Treloar Trust
The Campaign for National Parks
2,000
UK Harvest Limited
The Compassionate Friends
2,000
University College London Hospitals Charity
The Connection at St Martin-In-The-Fields
5,000
University of Liverpool
The David Nott Foundation
5,000
Variety The Children's Charity
The Extracare Charitable Trust
5,000
Victim Support
The Four Streets Project, Chichester
3,000
2
The Girls' Day School Trust
2
4,000
Winston's Wish
The Guide Dogs for The Blind
5,000
Young Lives vs Cancer
The Macular Disease Society
5,000
Young Sounds UK
The Nucleo Project
2,000
Yvonne Arnaud Theatre, Guildford
The Royal British Legion
5,000
Zimbabwe a National Emergency
The Royal National College for The Blind
2,000
The Royal National Lifeboat Institution
3,000
Total
The Seeing Dogs Alliance
3,000
Carried down
404,584
The Sussex Association for Spina Bifida &
Hydrocephalus
Wallace and Gromit's Children's
Foundation		 2024
Total
Funds
£
404,584
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

6. Independent auditor's fees

6. Independent auditor's fees
Auditor's fee - audit Income
Funds
£
3,300
3,300		 Capital
Funds
£
-
-		 2025
Total
Funds
£
3,300
3,300		 Income
Funds
£
2,100
2,100		 Capital
Funds
£
-
-		 2024
Total
Funds
£
2,100
2,100

7. Related party transactions

During the year under review, donations received from the settlor trustee, Dame K P Routledge (deceased October 2025), amounted to £1,235,925 (2024: £140,000) with £38,945 (2024: £60,197) gift aids claimed during the year.

During the year under review Ludlow Trust Company Limited charged the charity £20,334 (2024: £17,764) for administrative services with £5,309 (2024: £4,291) 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.

Page 16

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

8. Fixed asset investments - Listed

Brought forward
Additions
Disposals at proceeds
Change in market value
Gains/(losses) on investments
9. Creditors: amounts falling due within one year
Accruals - Audit fees
Accruals - Accountancy fees
Accruals - Administrative Management fees
Accruals - Investment Management fees
Accruals - Grants payable		 2025
£
3,109,399
4,788,345
(4,149,884)
91,075
3,838,935
91,075
91,075
2025
£
3,300
-
5,309
4,775
-
13,384		 2024
£
3,040,087
2,166,774
(2,460,468)
363,006
3,109,399
363,006
363,006
2024
£
2,100
600
4,291
3,614
2,000
12,605

10. Analysis of net assets between funds

Fixed assets investments
Net current assets		 Income
Funds
£
-
(9,060)
(9,060)		 Capital
Funds
£
3,838,935
390,499
4,229,434		 2025
Total
Funds
£
3,838,935
381,439
4,220,374		 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

11. Net movement in funds

11. Net movement in funds
Capital funds
Income funds
Capital funds
Income funds		 Year ended 31 March 2025
Total funds
brought
resources
£
3,408,297
6,174
3,414,471		 Total
incoming
resources
£
1,274,870
88,370
1,363,240		 Total
Transfers
resources
between
expended
funds
£
£
(18,748)
(526,060)
(629,664)
526,060
(648,412)
-
Year ended 31 March 2024		 Gains/(losses)
on investment
assets
£
91,075
-
91,075		 Total funds
carried
forward
£
4,229,434
(9,060)
4,220,374
Total funds
brought
resources
£
3,272,777
2,745
3,275,522		 Total
incoming
resources
£
200,197
78,117
278,314		 Total
resources
expended
£
(14,423)
(487,948)
(502,371)		 Transfers
between
funds
£
(413,260)
413,260
-		 Gains/(losses)
on investment
assets
£
363,006
-
363,006		 Total funds
carried
forward
£
3,408,297
6,174
3,414,471

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

Page 17

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

12. Financial instruments

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

12. Financial instruments
The carrying amounts of the charity's financial instruments are as follows:
2025
Total
Funds
£
Financial assets
Measured at fair value through net income/(expenditure):
Fixed asset investments
3,838,935
3,838,935
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
2025
Total
Funds
£
Income and expense
Financial assets measured at fair value through net income/(expenditure)
Investment income
78,023
Investment management fees
(18,748)
59,275
Net gains and losses (including changes In fair value)
Financial assets measured at fair value through net income/(expenditure)
Net gains/(losses) on investments
91,075
91,075
value with valuations obtained by		 2024
Total
Funds
£
3,109,399
3,109,399
2024
Total
Funds
£
72,393
(14,423)
57,970
363,006
363,006

Page 18

THE PATRICIA ROUTLEDGE FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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
£
-
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

Page 19