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
cU￿entlY 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 un￿rtainlY 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 e￿noMiC 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 Ma￿h
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 Resou￿01
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 inCu￿ed in carrying out their duties
(2024 - none).
17-