Ref: NT34
The Howberry Chaiitable Trnst
Registered Chai'ity Nurnbor: 1080177
REPORT AND FINANCIAL STATEMENrrs
For the year ended 5 April 2024

The Howbery Chantable Trust
CONTENrs
Page
Legal and Administrative Information
Tru8tee8' Annual Report
2-4
Report of the Independent Examiner
Statement of Finaneial Aetlvitles
Balance Sheet
Notes to the Financial Statements
8-14

The Howberry Charitable Trnst
LEGAL AND ADMINISTRATIVE INFORMATION
The Howberry Charitable Trust was established under a Trust deed dated 20 December 1999, which
deterniined the objects and powers. The Howberry Charitable Trust is resistered with the Charity
Commission for England and Wales as Charity Number 1080177.
TRUSTEES
Roberta Kate Grlmond
John Jasper Grimond
Georgia Celia Grimond
PRINCIPAL OFFICE
The Howberry Charitable Tru8t
clo RFf Management Services Limitred
14 Bucklngham Street
London
WC2N 6DF
INDEPENDENT EXAMINER
Martin and CompAny
Chartered Accvuntant8
25 St Thomas Street
Wlnchester
Hampshxre
S023 9HJ
REGISTERED CHARITY NUMBER
1080177
Pase l of 14

The Howberry CharAtable Trust
TRUSTEES, ANNUAL REPORT FOR THE YE,AR ENDED 5 APRIL 2024
The Trustees present their report along wxth the financxal statements of the tharity £or the year ended
5 April 2024. The financial stateineiits have been prepared in accordance with the Chaxily's'l'rutst Deed,
the Charities Act 2011 and the provisions of Accounting ￿la Reporting by Charities.. Slalenieiit of
Recommended Practice applicable to charities preparing their accouiits i)i accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January
2019).
Lesal and administrative information set on page I forms part of thi.q report.
OBJECTS AND ACTIVITIES
Thc Trust Deed directs the Trustees shall pay or apply tlie inci)me of the Trust Fund and have power
of tlieir d￿cretIon to pay ur apply up to the whulL' l)r any part or partg of tlie Capital ()£ the Trust Fund
to promote and support sucli charities or sucli cliaritable purposes and orgi)nisiilions laLcorduig to the
Charity Laws of En8land an£1 Wales) as the Trustees shall from time to lirne in their discretion di'ade.
The Tru2$1ees have bet'ii granted wide powers to act in Eurthei'ance of tlie eharity's objectlVL.I8,
The Trustees confirm thal thLy have complied with tlie duty in section 17 the C.h(Irities Act 201 l aiid
have taken acc()unt of the Charity Commission'y seneral guidaiice on public benefit. The benefit ti) the
public is the provision uf fuiidin¥ lo orbrdnisations whicli demoiistrate charitable purpose.
GRANT MAKING POLICY
The Trustees consider and appruve graiits thruuxhout tlie year and aliiiuu&li tsome are made to the.
ame charities each year iione are promi.sed c)r guaranteed. Applications for finaiillal assistance are
made to the Principal Offi￿. A5 required by the Charities Act 2011, the Trustee5 liavL' refL'rrLd to the
Charity Commission's general widanc@ on public benefit when formulating the grant making policy.
ITh particular, the Trustees conside.r how grants can be made to en&ure maximum benefil flows tlii'oiish
to the iiitended ultimate beneficiarxes.
ACHJEVEMENTS AND PERFORMANCE
During tlie ye.ar the Trustees made donalions lotalling £21,00012023 - £21,30018s detailed in the notes
5 and 6 to the account5.
The Trusteey look forward to bcing able to continuL. thL'ir charitable work in the cumiiis years in
accordaiice with the grant makin8 policy.
FINANCIAL REVIEW, RESERVES POLICY AND INVESTMENT POLICY
The Charity's principal siiurce of income is from its iiiveytments, which amouiited to £29,982 (2023 -
£31,688). Durins the year £30,451 (2023- £29,942) of investments was gifted to the tharity by the Settlor.
The Trutytee?) spent £24,031(2023 - £24,427) un charitable artivitie5 and govemance and administratiun
of the Charity.
The capit21 is an expendable eiidowment and at thig time. the Trustees do not consider a speciEicReberve
Policy necessary. At the Balance Sheet date the reserve¥ of the charity atnvunted to £1,115,689.
Pase 2 of 14

The Howberry Charitable Trust
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 ICONT'D)
The Trust Deed grants the Trustees wide powers to act in furtherance of the Charitics objectives. With
this in mind, the Trustees havc instructed the investment manager that the portfolio is lo be invesled
witli a below average level of i'isk to produce a suitable mix of Income and capital growth, with a bias
towards income, in order that the level of donations may be maintained and capital gTOWth tv yecurLJ
the future OE the Charity in the comins years. Thib polic.y is monitored by iegulaT invLJ.slment repoits
and meetings with the investment managers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees who held office throughout the year are shown on page l. No Trustee receives a fee foi
the service they provide to the charity, all time spent is donated free of cliarge. IiFT Management
Services Limited provides the charily with charity administration and financial reporting services.
The charity is controlled by its governing document, a F)eed of Trust dated 20th December 1999.
FUTURE PLANS
lic Trustees do not envisage any material changes to the operation OÉ the Charity. The investments
will continuc lo be managLid on a similar basis to now.
RISK MANAGEMENT
The majur risks to which the Charity i.s exposed as Identified by the Trustees, liave been reviewed and
the Trustees are satisfiL.d that arrangements are in place lo mitl8ate those risks.
KEY MANAGEMENT PERSONNEL
The Trustees are considered to be the KLY ManagLJmi*nt Personnel of the charity. The Ti'ustee?i are not
remunerated for their services and there are no paid Stuff employed by the Trust.
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE FINANCIAL STATEMENT.S
The TTUStee5 are respoiisible for preparing the Truslee.s' Report and the finaiicial .4talem('.nl'5 in
accordance wlth applicable law and Uiiited Kingdom Accounlins Standard¥ (Unitcd Kinsdorn
Generally Accepted Acc.ounting Practice).
The law applicable to charities in England aiid Wales requires the Trustees to prepare fijiancial
statements for eath financial year which give a true and fair view of the state of af£atrB of the Charity
and of the incomin8 resources and application OE resources for that period.
Page 3 of 14

The Howbe
CharAtable Trnst
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 (CONT'D)
In preparing those financial statement8 the Trustees are requlred to:
Select suitable accounting poliaes and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgments and estimates that are reasonable and prudent,,
Prepare the financial statements on a soing concern basis unless Il is inappropriate to pre8urne
that the charity will continue in business.
The Trustees are responslble Eor keeping proper accounting records that digclose with Teasonable
accuracy at any time the flnancial position of the tharlty and to enable them lo ensure the financial
statements comply with the Charifies Act 2011, the aiarities SORP and the provisions of the trust
deeds. They are also responsible for 8afeguardins the asset$ of the aiarity and hence for takins
Tea¥onable step8 for the prevention and detection of fraud and other irresularities.
Approved by the Trustees and si8ned on their behalf by:
RK GRIMOND
Trustee
Date.,
201*
Page 4 of 14

The Howber
Charitable Trust
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE HOWBERRY CHARITABLE TRUST
FOR THE YEAR ENDED 5 APRIL 2024
I report to the trustees on my examination of the accounts which are set out on pages 6 to 14 of the
Howberry Charitable Trust for the year ended 5 April 2024.
Responsibilities and basL8 of report
As the charity trutytees of the Irust you ale responsible Eoi. the preparatiun OÉ the accounts in accordanee
with the requirements of the Cliarities Act 2011 ('the Act,).
I report in respect of my examil￿tiOTh of the trust's accounts Carried out under sectioii 145 of the 2011
Act and in carrylng out my examination I have followed all the applicable Directions siveii by the
Charity Commission undey section 145{5)Ib) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examinah'on giving me cau%e to believe thtlt in any material respe.cl'.
accounting records were not kept in respect of the trust as required by secti(?n 130 uf t.lie Act,. or
the accounts do not accord with Ih05c rccords,. or
the accounts do not comply with Ihe applicable requirements cuncerning the furrn and conlenl of
aceountb set out in the Cliariliets (ALLc)untS dnd Reports) Resulalioiib 2008 other tlian any
requirement that the accounts give a 'true aiid fair view wliich is not a mal'ler cunsidei'ed as parl of
an independL'nt ex&min¢ilion.
have no concerns and havL come across no otlier inalters in Lonnection willi the examination to which
attention should bc drawn in thisLep()rt in order to enable a proper undcrstilnding of Ihc,. accounts tu
be reaclied.
W A Nixey FCA CTA
Martin and Compajiy
Chartered Accountants
25 St Thomas Street
Winchetster
Hampshirc, S023 9HJ
DatL';
& knL(p
Page 5 of 14

The Howberry Charitable Trust
STATEMENT OF FINANCIAL AcfIvITES FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted Funds
Expendable
Endowment Income
Total
2024
Total
2023
NOTES
INCOME
Investment income
Gift from Settlor
TOTAL INCOME
29,982
29,982
30,451
60,433
31,688
29,942
61,630
12
30.451
30,451
29,982
EXPENDITURE
Costs of Generating Fund$
Charitable activities
TOTAL EXPENDITURE
5,322
2,411
7,733
5,322
24,031
29,3.53
5,870
24,427
30,297
21,620
21,620
NETINCOME
22,71
8,362
31,0110
31,333
Lo¥se8 on Eoreign exchange
12)
(2)
Gains/(Ioss¥s) on investment absets
Realised
Unrealised
NET MOVEMENT IN FUNDS
1,714
65,151
89,581
1,714
65,151
97,943
13,438)
34,T/7)
{6,8112)
5,362
RECONCILIATION OF
FUNDS
Total funds brvught forward
1,004,976
12,770
1,017,746
1,024,628
BALANCE CARRIED FORWARD
1,094,557
21,132
1,115,689
1,017,746
CONTINUING OPIRATIONS . all of the charity's activities relate to continuins operatlons
TOTAL RICOGNISED GAINS AND LOSSES: the charity has no recognised gains and losses other
than thoE>e t>hown in tlie Statement of Financial Activities.
Pase 6 0£ 14

The Howberry Charitable Trust
BALANCE SHEET AS AT 5 APRIL 2024
2024
2023
NOTE
FIXED ASSETS
Investments
1,091,746
1,002,043
CURRENT ASSETS
Debtors
Cath at Ban
io
li
2,394
24,251
4,864
13,497
CURRENT LIABILITIES
Creditors: amounts falling due wlthtrt one year
(2,702)
(2,658)
NET CURRENT ASSETS
23,943
TOTAL ASSETS LES5 LIABILITIES
1,115,689
1,017,746
Representing.,
UNRESTRICTED FUNDS
Expendable Endowment
Income
1,094557
21,132
1,115,689
1,004,976
12,770
1,017,746
Approved by the TNstees and si8ned on their behalf by..
R K GIUMOND
Trustee
Date.,
zovt
Pase 7 0£ 14

The Howberry Charitable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ICONT'D
ACCOUNTING POLJCIES
(a)
General Inlorniation
The Howberry Charltable Trust is a charity registered in England and Wales. The charity's
re8lStered number and address can be Eound on Page l.
Ib) Basis of PreparatAon
The Einancial statements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Ilepublic of Ireland (FRS 102)- The Charity is a public
beneEit entity for the purposes of FRS 102 &nd a registered charity and therefore has also
prepared its financial statements in accordance with the Statement of Recommended
Practice applicable. tn charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (The fRS 102 Charities
SORPI, and Charities Act 2011. The finanaal statements are prepared in sterlingi which iy
the functional currency of the company. Monetary amounts in these finanei411 staternent5
are rouiided lo the nearest pound.
Ic) Going Concern
The trustees consider that there are no material uncertainties about the Charity's ability to
continue as a going concern. The most $18nificant areas DE uncertainty that affect the
carrying value o& abèietb held by the Charity are the level OE investment relurii and the
performance of investment markets (see tlie investment policy Bnd perforniance and risk
manasement sections OE the truytees, annual report Eor more information).
Id)
Fund Structute
Unrestricted Fund5 comprise those funds which tlie trustees are free to Use in accordance
with the charitable objccts.
The Expendable Eiidowment Fund represent8 those assetslcapital which are held for the
longer term for the Charityi in accordance with the terms of the Trust Deed. The
Expendable EThdL)wmenE Fund can be used in accordance wlth the objects of the Charity
and is included in the Unrestricted Funds. Any capital gains or losses arising on the
investnients held lli the Expendable Endowment Fund Éorm part of that fund. To the extent
that grants paid exceed the amount available from incvme fuiids, transfers are made frorn
the Expendable Endowment. Income arising on the Expendable Endowment Fund can be
uscd in thc Unrestricted Income Fund.
(e) Income
All income is recognised in t1￿ Statement of f4inancial Activities (SOFA) when the
conditions for re￿ipt have been met and there is reasonable assuranLe of receipt. Where
a claim for repayment of income tax has been or will be made 8uch income is 8rossed up
for the tax rccoverable. The following accounting poliaes aTe applied to difference
categories of income:
GrAnts And Donations Receivoble
Granls and doiiations are recosnised in the SOFA
when conditions for receipt have been complied with,
Investment Irtcome - Investment income is accounted for when receivable and is stated
gross of any reclaimable taxation relief.
Pase 8 of 14

The Howberry Charitable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ICONT'D)
(fi
Expenditure
Liabilities are recognised as soon ?s there is a legal or constructive obligation committing
the charity to the expenditure. All expenditure 18 accounted lor on an accruals basis and
has been classified under headings that aggregate all costs related to the category. The
followins accounting policies are applied to the different catesories 0£ expenditure:
Costs of Generating Funds
The cost5 0£ generating funds consist of investment
management fees and related costs,
Charitrtble Activities - Costs of charitable activities includes grant3 made and support and
governance costs. Donations payable are recosnised wheii tliey are approved by the
trustees and the recipient of the grant lia8 been informed of the amount paid.
Support & Governance Costs - Support and Governance costs comprise all costs Involving
the public accountability of the charity and its compliance with regulation and good
practice. 'lThese costs include costs related to the independent examiner'.1 fees, professional
fees, and support costs.
(g> Fixed Asset Investments
Investments are gtaled at market value at the balaiice 8heel date. The SOFA includes the
net gains and10sses on revaluation and diypo¥als throughout the year.
(h) Reali8ed and Unrealised Galns and Losse8
All gains and losse5 are taken tu the SOFA as they arise, Realised satns and lo$se8 on
investments are calcu lated a5 811 the difference between sales pruceeds and carrying value
(or purchase date if later). Unrealised gains and losses are calculated as the differen
between the market value at the year end and opening market value lor purchase date IE
later).
(i)
Critlcal accountlng estimates and areas of Judgement
In preparlllg Einancial statements, it is necessary to make certaiii adjuslmenls, estimates
and assumptions that affect the amounts recosnised in the financial statements. In tlie view
of the Trustees in applyin8 the accounting policies adopted, no judgements were required
that have a significant effect on the amounts recosiused in the Einancial statements nvr do
any estimate5 OT assumptions made carry a significant risk of material adjustment in the.
next financial year.
lj)
Cash and cash equlvalents
Cash and cash equivalents include cash at bank and in hand and short terni deposits with
a maturity date OE three Months or less.
Ik) Financial In8truments
The Charity has elected to apply the provisions OE Section 11 Basic FIn￿nCIal Instruments
of FRS 102 to all of its financial instruments. Financial instrument5 arL' fL'cognised in the
Charity's balance sheet when the charity becomes party to the CDnlraclual provisions of
the instrument. Financial assets and liabilities are offset, with the net amounts presented
in the financial statements, when there is a lesally enforceable right tu set off the recognised
amounts and there is an intenti()n to settle on a net basis or to realise the asset and settle
the liabillty simultaneously.
Page 9 of 14

The Howberry Chatitable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 (CONT'D)
REMUNERATION OF TRUSTEES
In the finaneial year ended 5 April 2024, none of the trustees Teceived any remuneration (2023 -
nil).
There were no related party transactions in the year (2023: None).
The trustees are considered to comprise the Charity's key management.
There are no etnployees so consequently no staff costs have been incurred.
INVESTMENT INCOME
2024
2023
Income from Investments
Interest on cash depo¥its
29,582
400
29,982
31,45SJ
230
31,688
COSTS OF GENERATING FUNDS
2024
2023
Investment Management Fees (aEter fee adjustmenvrebates)
Custody and AdmlniL4tration Fee
3,435
1,887
3,057
2,813
5,322
5,870
Page 10 of 14

The Howberry Charltable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 20241coNr'D)
CHARITABLE ACTIVITIES
The charity undertook no direct d￿ritable activities but awarded donations in furtherano of Its
charitable activities as follows.'_
British Ukrairrian Aid
Kay Mabon Foundation
Médecins San5 Frontières
St Michael's
Trus8ell Trust
Compas8ion in World Farmin8
Give a Book
Menin8ids Now
Parkinsons
Spencer Steadman Trust
Survival
Chiltem Centre
Dravet Syndrome UK
Mission of Seafarers
Nchtma Trust
Prisoner8 0£ Conscience
Re-cyde
Schoolreaders
Strength and Leaming through horses
Switchback
Thame8 Valley Air Ambulance
2,000
2,000
2,000
2,000
1,000
1,000
1,000
1,000
1,000
1,000
500
500
500
500
500
500
500
500
500
5nO
21,000
Support and Governan￿ costs (See note 7)
620
21,620
ANALYSIS OF DONATIONS MADE
2024
2023
2024
2023
The advancement of health or saving lives
The advancement of educatlon
The preventlon or relief of poverty
The advancement of reEigion
The advancement of human rights, confliet
The advan￿ment of environmental protection
or improvement
The relief of those in need, by reason of yout
age, ill-health, disability , finanaal hardship
8,000
6,500
2,500
2,000
1,500
10,000
2,800
4,000
2,0(i0
1,000
500
1,500
21
17
21,000
21,300
Page 110£ 14

The Howberry ChaTltable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 (CONT'D)
ANALYSIS OF SUPPORT AND COVERNANCE COSTS
Unrestricted
Expendable
Endowment
2024
Total
Unrestricted
2023
Total
Unrestricted
Unrestricted
tncome
Legal and Professional Fees
Independent Examiners Fee
- Current year
Prior year (over) accrual
To Charitable activities
2,411
2,411
2,287
800
(180)
(620}
800
{180)
(3,031)
900
(60)
{3,127J
(2,411)
FIXED ASSET INVESTMENTS
Movement in flxed asset investments
Unquoted
2024
Quoted
2024
Total
2024
Total
2023
2023
2023
Market Value brou8ht forward
Acquisitlons al ¢051
Less dlsP0591 proceeds
13290
12,070
988,113
941,298 1,OOIQ43
204,699
274,660
204699
1394
1181,6281 1183,376
181,861
11,676 1,011,184 1.028,582 1,024,881
263
1,481
(3,7Qll
1,714
1,991
61,670
36,768
65,151
13 390 1.074 335
988 113 1091746 1002W43
12,367
944,4111
917,634
956,666
930,(JOI
953,368
274,660
187,7701
1,040,258
{3,438)
2331
13,697
233
3,481
Reallsed (Los5)/Calns on disposal
Net ILo8s)IGaln on revaluation
Market Value at 5 Aprll
Hisloricdl Co$1 Al S April
Geo8r&phical Analy918
United Kingdom Investments
Overseas Investments
12,248
1,071586
1,749
986,114 1,071586
1,999
19,160
986,114
15,929
17,411
13,39D
Market Value at 5 Aprll
17AII
I3￿90 1,074J35
986,113 1,091,746 1,002.043
The followlng investmeiits eomprlse in excess OE 5°k OE the value of the portfolio..
Name
Holdlng
Value
TB Stoneha8e Fleming GBL Equities I Class A
TB Evenlode Investment Funds Inc F £ Dis
TM RWC UK Equity Income Fund Class L Encome
Pimco Fund Global Investors Series PIC- Income Fund HI GBP
Artemis Fund ManageTS Ltd
United Kingdom (Government) 0.875°L BS Q 3110712033
Bluebay Global Investment Grade Corporate Bond Class Q
Ishares USD Treasury Bond 3-7yr ucrrs Clasy GBP
72,413
56,689
72.798
8,737
50,613
85,950
619
11225
316,808
84,462
80,588
79,690
66,991
65,207
57,672
54,927
Pase 12 of 14

The Howberry Charitable Trnst
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ICONT'D)
ANALYSIS OF LIABILITIES
Unrestricted
2024
Expendable Unrestricted
Total
Endowment
Income Unrestricted
Creditors
1,902
1,902
800
800
2,702
2,702
Unrestricted
2023
Expendable Unrestricted
Total
Endowment
Income Unrestrlcted
Creditors
1,758
1,758
900
900
2,658
2,658
10. Debtors
Unrestricted
2024
Expendable Unrestricted
TotNI
Endowment
Income Unrestricted
Debtor8
2,394
2,394
2,394
2,394
Unrestricted
2023
Expendable Unregtrlcted
Total
Endowment
Income Unrestricted
Debtor8
222
222
4,642
4.642
4,864
4,864
Pase 13 of 14

The Howberry Charitable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE ENDED 5 APRIL 2024 ICONT'D
11. ANALYSIS OF CHARITABLE FUNDS
Unrestricted
Expendable
Endowment
2024
Unrestricted
Total
Income Unrestricted
Investments
Cash at Bank
Debtorg
Creditors
1,091,746
4,713
1,091,746
24,251
2,394
12,702)
1,115,689
19,538
2,394
(800)
21,132
11,9021
I,094￿57
Unrestricted
Expendable
Endowment
2023
Total
Unrestricted
Unrestrirted
Income
Investments
Cash at Bank
Debtor8
Creditors
1,001043
4,469
222
{1,758)
IW4,976
1,002,043
13,497
4,864
(2,6581
1.017,746
9,028
4,642
(900)
12,770
11 RELATED PARTY TRANSACTIONS
Durin8 the year, the Settlor glfted £30,451 (2023: £29,942) worth of inve5tment8 to the charity.
This is shown within acquisltlons at cost in note 8.
Pa8e 14 of 14