Charfty reglstrdtion number 1082295 (England and Wales) Company reglstratlon number 03935283 THE LADY RYDER OF WARSAW MEMORIAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
THE LADY RYDER OF WARSAW MEMORIAL TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr R M Frith FCA (Chairman) Mr M E Cutting FCA (Treasurer) Lady A Hobhou5e Ms KV Taylor Dr K Magier (Appointed 30 September 2024) Secretary Lady A Hobhouse Charlty number (England and Wales) 1082295 Company number 03935283 Roglstsred offlce Moorgate House 7 Station Road West Oxted Surrey RH8 9EE Indep•nd•nt examlnor BGM Helmores Limited Emperorfs Gale 114a Cromwell Road Kensington London SWT 4AG
THE LADY RYDER OF WARSAW MEMORIAL TRUST CONTENTS Page Trustees, report Independent examiners report statement of financial activities Balance sheet Notes to the financial statements 10-17
THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 28 FEBRUARY2025 The Trustees present their report and accounts for the year ended 28 Febwary 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the a¢¢ounls and comply with the Charity's governing documenl, the Companies Act 2006 and °Accounling 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 (FRS 102)° (as amended for accounting periods commencing from 1 January 2016). The Trustees confirm they hav8 complied with their duty to have regard to the guidance on public benefit published by the Charity Commission in exercising Iheir powers and duties. The charity meets the definition of a charity under the Charities Act 2011 as it works exclusively for charitable purposes and Is for the public benefit, especially for the poor and sick people of Italy, Poland, France and UK. Objectlves and actlvlt108 The Charity was established by Lady Ryder in the last year of her lrfe to a5SlSt and support Ihe charitable work of bodies established for Ihe purposes set out below in any part of the world, and in particular the charitable work established by Lady Ryder. The Charity's objects, as set out In its governing document are: The relief of poverty., The relief of sickness and any form of physical and mental disability of individuals; The relief of the consequences of old age by provldlng facilities for the care of Ihe elderfy., To provlde education r81ating lo Ihe causes of and Ihe means of relief of poverty, sickness, physlcal or menlal dlsabllily and old age, to promote religious teachlng, and In particular the beliefs and principles of the Chrisllan Faith,. To care for refugees in any part of the world. The policies adopled in furtherance of these objects are the reseNes and expenditure policy and the investment policy and there has been no change in these during the year. The Twstees have paid due regard lo guldance issued by the Charity Commission in deciding what activltles the Charity should undertake.
THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES, REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Achlevements and perfomiance Durin9 the year l am pleased to report our achievements. I shall detail those below but firstly I wlsh to thank the trustees who have remained in office and wod(ed hard to manage and promote the trust in accordance with its aims and objectives during this last year. We welcomed Chislopher Magier in September 2024, with a special interest in Poland and all Polish related matters. We continue to develop and use our website www.lrwm . .uk for communications and items of special interest. Our social media postings have reduced since the centenary celebrations. The celebratlon of the c8ntenary of Sue Ryder's blrth was in July 2024. The new succinct blography of Sue Ryder, titled 'A Life Lived for Others, induding a second section being the detail of all the places around the world where she worked during her lifetime was the comerslone lo our celebrations and conllnues lo be very well received. The 'family' evenl at Parmoor planting a Centenary Rose in memory of Sue, was followed by a service at the London Oratory and the inaugural Sue Ryder lecture at Ognisko in the evening on her actual birthday. We are following this up at Ognisko in July 2025 with another lecture, concentrating on the subject of 'charity and humanitarian aid., There contlnues to be many areas around the world where humanltarlan ald in accordance with Sue Ryder's vision could be glven. Our funds are limited but through the year and In partlcular we have granted; £20,000 to a home in Poland to help wlth thelr new kltchen equipment and fit out. the activity in Italy with £10,000 of grants to provide a number of humanitarian baslc requirements for the poor and needy in Rome, including those In prison. £2,000 in respect of creating an outreach programme in northem India, on the advlce and support of Raphael. Our medical universlty scholarshlps continue such that we are now supportlng nlne students through university, who would not ordinarily be able to afford this education, thereby encouraging hope, aspiration and above all social mobility. Overall, we feel Ihal our granls however small have the greatest possible impacl on the reciplent. in the true ethos of Sue Ryder's own philosophy and we are concentrating more and more on those activities under her name. In this financial year we report our investments have maintained Iheir position until the worfd wide effects of US tariffs, since the year end. We are monitoring the silualion closely. Our Investment income has fallen in finite terms. The majority of the non-charitable expenditure being the inveslmenl management fees of £23,927 (2024 - £24,662) are the cost of holding the portfolio in a wide range of world-wlde investments, to try and minimise any undue fluctuations bul we are not exceptlonal and suffer along wilh all markets. These costs concern us greatly as trustees as they are large and seem unavoidable. We have researched this matter and have changed our investment policy to a managed unlt fund basis for part of our portfolio and more of a growth scenario fof the resl belng the manag8d funds. Flnally, thanks once again go to Ruth Young, who undertakes the day-to-day administration so effectively and efficiently. Now, we have passed the centenary of Sue Ryder's blrth. we shall not be spending more on legacy items. Save to say, the future career successes of our medical students and an annual lecture at Ognisko will keep the message of Sue's work loud and clear in the forefront of everyone's mind, now and in the future.
THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Reserve• and Grant Making policy It is the policy of the charty to relaln the original legacy and any subsequent gifts and legacies as reserves. These are invested to provide an annual income which is to be distributed. The charity's primary source of income is cUentlY derived from the relums (dividends and interest) generated from these investments. The Trustees nlinually review the investments, together with Ihelr Investment advisors, with the aim of preseriing capital while maintaining income in order to pursue the Trust'5 objectives. In respect of the restricted fund, whlch relates to Poland, the trustees will from time to time relax the policy in place for lh8 general fund and reduce that fund accordingly. How8ver this will be done mindful of having sufficient ongoing funds to support future activities. Investment Pollcy Investments are held primarily to provide an investment return for the charity. The Trustees rely on the Investment Manager to maintain Ihe purchasing power of the funds invested while generating a reasonable income. In order to achieve this, the Investment Manager aims for a diversified and balanced portfolio wllh no speculative or risky inveslments. The investment policy is reviewed regularly and the Trustees, attitude to rlsk Is low.
THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Flnanclal revlew It has been the policy of the charity not to activety raise funds nor seek funding thus consequently it retains its reserves as far as possible. However, we did start to fundraise by employing an experienced professional in this field. This activity did bear limlted results and unfortunately the ill health of the fundraiser caused her to resign during the year. She has not been replaced, as we closely monitor the situation given the economic situation world- wide. The charity has a responsibility to provide funding for activilies overseas. These activities are in Poland, Italy and France, where funding and the supply of medical equipmenl and consumables are restricted. Therefore, while previously the trustees considered that expendilure should match capital growth and income generated in the year, then if there is a specific large project to fund within the remit of the charity's activities then the Irust8&s maintain their discretion to reduce the capital 2025 £113,867 2024 £123,683 Total income for the ear Direct charitable Other costs Tolal costs Nel ainslllosses) on inveslmenls Nel sur lusl(deficit) able £143,813 £4,525 (£148,338) £230,705 £196,234 £138,218 £4,392 (£142,610) {£27,658) {£46,585) Ro$orv The total reserves held by The Lady Ryder of Warsaw Memorial Trust amount to £3,552,688 (2024 - £3,356,454) of which £726,460 is restricted (2024 - £733,727). The purpose of these reserves is to allow it to continue to maintain and develop the Charity. Plans for the future The primary aim is to boost our funds to enable an increase in funding more medical sludents through university and to provide them wilh a differentiating experience for their CVS. Secondly and yet as Importanuy, we shall continue to support projects which we know the Founder would have supported in accordance with our objectives.
THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Rlsk management The principal risks faced by the Trust lie in the perfomiance of inveslments held by the charity, the unrtainlY of future voluntary income and the operational risk of grants payable to Trusts in Poland, Italy and France being payable in foreign currencies. The Investment rlsk is mitigated by retalnlng experienced Investment managers and having a diversified investment portfolio. The Trustees rely on the Investmenl Manager to mainlaln the pur¢hasing power of the funds invested while generating a reasonable income. In order to achieve this, the Investment Manager alms for a diversified and balanced portfolio with no speculative or risky inv8stmenls and Capital preservation should be sought al all limes. The investment policy is reviewed regularly and the Trustees, attitude to risk is low. The Trustees have assessed the major dsks to whlch the Charity is exposed and are satisfied that systems are in place lo mitigate exposure to major risks. In order to identify relevant risks and appropriate controls the following matlers were considered.. - the charity's objecllves and strategles; the nature and scope of the charlty's activilies., extemal legislation and regulations., perfomiance of the inv8Stment$' the operating structure of the charity,. and comparison wllh other similar-size charities or those working in the same sector. Structure? governance and management The Charity was incorporated a5 a company limited by guarantee without a share capital on 23 February 2000. And registered as a charily in England and Wales. The registered company number is 3935283 and the registered charlty number Is 1082295. The registered office and principal address ol Ihe reporting entity is Moorgate House, 7 Station Road Wesl. Oxted, Surrey, RH8 9EE. The artides of assoclallon is the governing document for the charity, which meets the deflnition of a charity under the Charilles Act 2011 as it works exclusively for charitable purposes and is for the public benefit, especially for the poor and sick people of Italy, Poland, France and England. The Trustees, who are also th8 directors for the purpose of company law, and who served durlng the year and up to the date of signalure of the financial slalements were.. Mr R M Frith FCA (Chairman) Mr M E Cutting FCA (Treasurer) Lady A Hobhouse MrAO Cumlne Ms KV Taylor Dr K Magier {Reslgned 28 April 2025) (Appoinled 30 September 2024) The appointment and induction of new Trustees is reviewed reguarfy to cover areas of expertl88 required by the charity. The Iraining requirements of current Truslees are reviewed regularly al Trustees meetings. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the evenl of a winding up. The organisalion slwclure of The Lady Ryder of Warsaw Memorlal Trust consists of a board of Trustees and advisors who meet on a regular basis to consider and review the charity's activities, general progress and current financial position. Decisions are then made on matters such as the investment of the charity's funds, grants payable and the level of reserves appropriate to each fund In order to meet their objectives.
THE LADY RYDER OF WARSAW MEMORIAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Statsmont of Trustees. responslbllitles The Truslees, who are also the directors of The Lady Ryder Of Warsaw Memorial Trust for the purpose of company law, are responsible for preparing the Trustees, R8POrt and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for 8ach financial year which give a tru8 and fair view of the stale of affairs of the Charity and of the incoming resources and application of resources, including the Income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them Gonsislently., observe the methods and prlnciples In the Charities SORP; make judgement8 and estimates that are reasonable and prudent., and prepare the financial statements on the golng concern basls unless il is inappropriate to presume thal the Charity will continue in operation. The Trustees are responsible for keeping adequate accountlng records that disclose with reasonable accuracy at any time Ihe financial position of the Charity and enable them lo ensure that the financial statements comply wrth the Companies Act 2006. They are also responsible for safeguardlng the assets of the Charity and hence for laking reasonable steps for the prevention and detedion of fraud and other irregularities. This report has been prepared In accordance with Ihe provislons appllcable to companles entitled lo the small companies, exemptlon. e Trustees, report was approved by the Board of Trustees. Mr R M Frith FCA (Chairman)
THE LADY RYDER OF WARSAW MEMORIAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LADY RYDER OF WARSAW MEMORIAL TRUST I report lo the Trustees on my examination of the financial statements of The Lady Ryder Of Warsaw Memorial Trust (the Charity) for the year ended 28 February 2025. Rosponslbilitles and basls of report As the Trustees of the Charity {and also its directors for the purposes of company law), you are responsible for the preparation of the financial ststements In accordance with the requirements of the Companies Act 2006. Having satisfied myself thal the financial statements of the Charty are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of Ihe Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commlssion under section 145(5)(b) of the Charilies Act2011. Indepgndgnt gxamlnerf8 $tatsment I have completed my examination. I confimi that no matters have come to my attention In connectlon wlth the examination giving me cause to believe.. accounting records were not kept in respect of the Charlty as required by section 386 of the Companies Act 2006. the financlal statements do not accord with those records,. or the financlal slalements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other Ihan any requirement that the financial statements give a true and falr vlew, whlch is not a matter considered as part of an independent examination; or the financial statements have not been prepared In accordance wilh the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities applicable to charities preparing thelr financial statements in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters In connectlon with the examinatlon to which attention 3hould be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Robert Moore FCA Independent Examlnor BGM Helmores Llmltsd Emperorfs Gale 114a Cromwell Road Kensinglon London SWI 4AG
THE LADY RYDER OF WARSAW MEMORIAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 28 FEBRUARY2025 Unre8trl¢ted Restrlcted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Nots• nco e and endow Donallons and legacies Inveslments Other Income 4,745 78,180 542 10,400 20,000 15.145 98,180 542 4,011 94,715 633 4,011 119,039 633 24.324 Total Income 83,467 30,400 113,867 99,359 24,324 123,683 ondlture Raising fund5 15.128 15,128 10,764 10.764 Charltable activitles 95,543 37,687 133,210 114,786 17,060 131,846 Total re8ourco8 •xpendod 110,671 37,667 148,338 125,550 17,060 142,610 Net galnsl(losse$) on Investment¥ 12 230,705 230,705 (28,133) 475 (27.658) Net movement In funds 203,501 (7,287) 196,234 (54,324) 7,739 (46,585) Fund balances at 1 March 2024 2,622,727 733,727 3,356,454 2.677,051 725,988 3,403,039 Fund balance8 at 28 February 2025 2.826,228 726,460 3,552,688 2,622,727 733,727 3,356,454 The statemenl of financial activities includes all galns and los$e$ recognised in the year. The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities. The slatement of financial aclivities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE LADY RYDER OF WARSAW MEMORIAL TRUST BALANCE SHEET AS AT 28 FEBRUARY 2025 2025 2024 Notss Flxed assets Investments Currgnt assets Debtors Cash at bank and in hand 14 3.480,510 3,326,380 15 18,348 60,355 24,674 24.592 78,703 49,268 Creditor¥: amounts falllng due wlthln one year 16 (6,525) {19,192) Nel current assets 72,178 30,074 Total a$$ets less current Ilabllllle8 3,552,688 3.356,454 Incomo fund• Restricted funds Unrestricted funds- general 17 726,460 2,826,228 733,727 2,622,727 3,552,688 3,356,454 The company is entitled to the exemption from the audit requlrement contained in Section 477 of the Companles Act 2006, for the year ended 28 February 2025. The directors acknowledge thelr responsibilities for complylng wlth the requirements of the Companles Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to oblain an audll of its financial statements for the year in question in accordance with section 476. These financial stalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. e financial stalemenls were approved by the Trustees on . 2.1/0.7...20?5 Mr R M Frith FCA (Chairman) Trustee Mr M E Cutting FCA (Treasure Trustee Company Reglstration No. 03935283
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting pollci08 Charfty Infomlatlon The Lady Ryder Of Warsaw Memorial Trust is a PTivate company limited by guarantee incorporated in England and Wales. The registered office is Moorgate House, 7 Station Road West, Oxted, Surrey, RH8 9EE. 1.1 Ac¢ountlng conventlon The accounts have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and '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 (FRS 102). (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provlslons Sn the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. modified lo include the revaluatlon of Investments and certain financlal instruments at fair value, The prlncipal accounting policies adopted are set out below. 1.2 Golng con¢em At the lime of approving the accounts, the Truslees have a reasonable expeclallon that the Charily has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the golng concern basis of accounting in preparing the accounts. 1.3 Charftable fund8 Unrestricted funds are available for use at the discretion of the Trustees In furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slatements. 1.4 Incomlng rn8ource8 Income is recognised when the Charity is legally entitled to it after any performance condrtions have been met, the amounts can be measured reliably, and it 15 probable that income will be received. Cash donations are recognised on receipt. Other donallons are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of Ihe amount. Income lax recoverable in relalion to donalions received under Gift Aid or deeds of covenant Is recognised at the time of the donalion. Legacies are recognised on receipt or otherwise if Ihe Charity has been notified of an Impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is trealed as a contingent asset. 10-
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Accountlng poli¢ie$ {Contlnuod) Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of enoMiC benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Expenditure is classified by activity. The Costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activrty. Direct costs attributable to a single activity are allocated direclly to that activity. Shared costs which contribule to more than one aclivity and support costs which are not attributable to a single adivity are apportioned between those activities on a basis consistent with Ihe use of resources. Cenlral staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portlon of the asset's use. 1.5 Flxod a•sot Investments Fixed asset inveslments are initially measured at transactlon price excluding transaction costs, and are subsequently measured at fair value at each r8POrting dale. Changes in falr value are recognised In net Inwmel(expenditure) for the year. Transaclion costs are expensed as incurred. 1.6 Ca•h and cash oqulvalents Cash and cash equivalents include cash In hand, deposits held at call with banks, other short-temi liquid Investments wtth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Flnanclal Instruments The Charity has elected to apply the provisions of Sectlon 11 'Basic Flnancial Instruments, and Section 12 'Olher Financial Inslrumenls Issues, of FRS 102 to all of its financial instruments. Financlal instruments are recognised in the Charilvs balance sheet when the Charity becomes party to the contractual provisions of the inslrumenl. Financbl assets and Ilabllllles are offset, wllh the nel amounts presented in the financial slalements, when there is a legally enforceable right to set off Ihe recognlsed amounts and there is an intention to settle on a nel basis or to realise the assel and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets, which includ8 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement con5tilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilablllties Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debl instwmenls are subsequently carrred at amortised cost, using the effective inlerest rale method. Trade creditors are obligations to pay for goods or services that have been acquired In the ordinary course of operations from suppliers. Amounts payable are Classified as currenl liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initialFy at transaction pric8 and subsequently measured at amortised cost using the effective interesl method. 11
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting pollcles (Contlnued) Derecognition of financial liabllitles Financial liabilit18s are derecognised when the Charlty's contractual obligations expire or are discharged or cancelled. 1.8 Taxatlon The charity is exempi from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extenl that these are applied to ils charitable activilies. Donatlon$ and lega¢les Unrostrfcted Restrlcted funds fund8 general 2025 Total Unrg8trfcted funds general 2024 2026 2026 Donations and glfts Legacies receivable Grants 4.745 4,745 2.011 2,000 10,400 10,400 4,745 10,400 15,145 4,011 Investrnents Unrestrlctsd Restrlcted funds fund$ general 2025 Total Unrestricted Restricted funds fvnds general 2024 Total 2025 2025 2024 2024 Income from listed investments Interest receivable 72,254 5,926 18,172 1,828 90,426 7.754 90,498 4,217 20.991 1,173 111,489 5.390 78,180 20,000 98,180 94,715 24,324 119,039 12-
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Other Income Unrestrfcted Unrestrictod funds funds 2025 2024 Other income 542 633 Ralslng funds Unrestrlcted Unrestrlcted fund8 funds general general 2025 2024 Centenary Projects Other fundraising costs 9,170 5.958 1,164 9.600 Fundraising and publicity 15,128 10,764 Expendlture on charltable actlvltlo$ Total 2025 Total 2024 Dlre¢t Costs Grant funding of activities (see nole 7) 88,790 80,572 Share of support and govemance costs (See nots 8) Support Governance 39,895 4.525 46,882 4,392 133,210 131,846 Analysls by fund Unreslricted funds Reslricted funds 95,543 37.687 114,786 17,060 133,210 131,846 Grants payable Educational grants Humanitarian grants 51,998 36,792 46,902 33,670 88,790 80,572 Total grants to institutions 88,790 80,572 13-
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Grants payable (Contlnuod) Support costs Support Govemance costs costs 2025 2024 Administrative costs Miscellaneous costs WebsitelSo¢lal media Insurance costs Postage and stationary Investment management fees Bank Charge8 Legal and professlonal Accountancy and Independent examination fee 11,640 716 2,545 734 119 23,927 179 35 11,640 13,635 716 2,545 2.624 734 726 119 718 23.927 24,662 179 192 35 5.238 4,525 4,392 4,525 39,895 4,525 44,420 52,281 Analysed between Fundraising Charitable activities 39,895 4,525 44,420 51,274 The Reslrlcled fund has been charged with investment management fees of £5287 whlch relate dlrectly to this Fund all other costs have been charged to the Unrestricted Fund. Net movement In funds 2025 2024 The net movement in funds is stsled after chargingl(credlting): Fees payable for the independent examination of the charlVs financial ststements 4.525 4,392 10 Trustees None of the Truslees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. 11 Employees The average monthly head counvnumber of employees during the year was: 2025 Number 2024 Number Total During the year lo 29 February 2025 there were no employees who received employee benefits (excluding employer pension costs) of more that £60,000. 14-
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 12 Gain8 and108ses on investments Unrestrlcted Restricted funds funds 2025 2025 Totsl Unrestrlcted Restrlcted funds funds 2024 2024 Totsl 2025 2024 Gainsl(losses) arising on: Revaluatlon of investments Sale of investments 19,673 211,032 19,673 211,032 (4,938) (23,195) 8,195 {7,720) 3,257 (30,915) 230,705 230.705 (28,133) 475 (27,658) 13 Taxatlon The charity is exempt from taxation on ils actlvlties because all its income is applied for charitable purposes. 14 Flxed asset Investments Llsted Llsted Invo8lment¥ Investments Re$trlcted Total Co•t or valuatlon At 1 March 2024 Additions Valuation changes Adjustments Disposals 2,622,906 1,604,811 11,588 679 (1,507,062) 703,474 3,326,380 390,094 1,994,705 8,085 19,673 270 949 (354,135) (1,861,197) At 28 February 2025 2.732,722 747,788 3.480,510 Carrylng amount At 28 February 2025 2.732,722 747,788 3,480.510 Al 29 February 2024 2,622,906 703,474 3,326,380 15 Debtors 2025 2024 Amounts falllng due withln one year: Other debtors 18,348 24,674 15-
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 16 Creditors: amounts falling due wlthln one year 2025 2024 Accruals 6,525 19,192 17 Restricted funds The Income funds of the charity include restricted funds Gomprising the following unexpended balances of donations and grants held on trust for speclfic purposes: At 1 Mah 2024 In¢omlng Resourc?8 rnsourcos expended Galns and At28 1088es February 2025 733,727 30,400 (37,667) 726,460 Prevlous year: At 1 Mar¢h 2023 In¢omlng Resou01 resources expended Galns and At29 los$e$ February 2024 725,988 24,324 {17,080) 475 733,727 The Restricted Fund Is for supporting charitable work in Poland (£20,000) and Medical Students (£10.400). 18 Unrestrlcted funds At 1 March 2024 Incomlng Re80ur¢08 r•sources Oxpended Galns and At28 108se8February 2025 General funds 2,622,727 83.467 {110,671) 230,705 2,826,228 Prevlous year: At 1 March 2023 Incomlng Resources resource$ expended Galns and At29 108808 February 2024 General funds 2.677,051 99,359 (125,550) (28,133) 2,622,727 19 Analys18 of net assets beiween funds Unrgstrlctsd funds Re8trlctsd funds Totsl Fund balances at 28 February 2025 are represented by: Investments Current assetsl(liabilities) 2,622,906 9,539 703,474 35,335 3,326,380 44,874 2,632,445 738,809 3,371,254 16-
THE LADY RYDER OF WARSAW MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 20 Related party transacllons During the year, a trustee was reimbursed for expenses totalling £149 inCued in carrying out their duties (2024 - none). 17-