Ragistered Charlty No: 1082765
THE SLAUGHTERAND MAY CHARITABLE TRUST
Report and flnancial statements for
the year ended 5 Aprll 2024
450153343

Contents
Pages
Charlty datails
Trustee's report
Audltor's report
Stat•m•nt of flnanclal actlvltl•s
Balance 8h••t
10
Cashflow 8tat•mont
Notes to the flnanclal stat•rnents
12-19

THE SLAUGHTER AND MAY CHARITABLE TRUST
Details of the Charity's Trustee and Advisors
Trustee
Slaughter and May Trust Limited
Registered Charity Number
1082765
Prlnclpal Office
2 Lambs Passage
London
EC1Y 8BB
Audltor
Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Sollcltor8
Slaughter and May
One Bunhill Row
London
EC1Y 8YY
Bankers
National Westminster Bank PLC
15 Bishopsgate
London
EC2N 3NW

THE SLAUGHTER AND MAY CHARITABLE TRUST
Trustee's report
for the year ended 5 April 2024
The trustee of The Slaughter and May Charitable Trust (the "Charity") presents its report and
audited financial statements for Ihe year ended 5 April 2024, which have been prepared in
accordance with the FRS 102 SORP and the Charities Act 2011 .
Governlng document
The Charity is a registered charity and is governed by declaration of trust dated 28 March 1991,
as amended by a supplemental deed dated 21 August 2000. The SlaLJghter and May Charitable
Trust was registered as a charity on 5 October 2000.
ObJe¢tlves and Actlvltl•s
The objects of the Charity as stated In Its constituting deed are to pay or 8pply the income
received and the whole or such part or parts of the capital of the trust fund as the trustee shall in
its discretion think fit to or for the benefit of such excluslvely charitable objects and purposes In
the United Kingdom or in any other part of the world as the partners for the time being in the firm
of Slaughter and May may from time to time direct or as the trustee shall in its discretion think fit
provided always that nothing contained in the constituting deed shall authorise the trustee to
apply any part of the trust fund or the income thereof to or for the benefit of any objects or
purposes as aforesaid save those regarded as charitable by the laws of England and Wales.
The Charity is reliant on its key donors, the partners of Slaughter and May. All administrative
and other office support is provided by Slaughter and May.
The current strategy is to distribute all income received on an annual basis. Dlrect charitable
grants are made to selected applicants for charitable purposes for the beneflt of the public at the
discretion of the trustee. Further grants are made to mlscellaneoLJS charities for other reasons
but particularly to incentivise Slaughter and May employees in charitable deeds.
By donatlng to charitable purposes for the benefit of the public the trustee has complied with the
Charity Commission's guidance on public benefit, including the guidance "public benefit: running
a charily (PB2)"
Organisational structure and grant maklng policy
The trustee of the Charity is Slaughter and May Trust Limited, a company whose directors are
ten Partners (R.A. Byk. D. Finkler. C.N.R Jeffs, G.A. Miles, J.S. Nevin, G. O'Keefe, R.J. Smith,
l.A.M. Taylor, D.G. Watkins and S.V.K Wokes) in Slaughter and May, and J Hoseason, who is
Chief Operating Officer (COO) of Slaughter and May. The trustee operates through a
Committee of its Board comprising five current Partners of Slaughter and May (R.A. Byk, J.S.
Nevin, G. O'Keefe, l.A.M. Taylor and D.G. Watkins), all of whom have been nominated by the
trustee.

THE SLAUGHTERAND MAY CHARITABLE TRUST
Trustee's report
for tha year ended 5 April 2024
(continued)
Since the Committee is composed of Partners of Slaughter and May. no formal additional
trustee training is considered necessary.
The Committee makes annual grants at its discretion to a small number of specific charitable
causes and does not generally accept unsolicited funding applications. Other than the level of
annual income. no limits are imposed on the size of the grants.
Review of actlvltles
During the year to 5 April 2024, the Charity provided support to charitable work in accordance
with its objects and strategy.
Income of £691,026 was recelved durlng the year (2023 - £663.375). This funding is applied to
furthering the objects of the Charity and the trustee made grants totalling £691,026 during the
year (2023- £603,375).
The net movement in funds during the year to 5 April 2024 was £0 (2023
£60.000). as shown in the statement of financial activities.
increase of
At the year end the Charity has net assets of £10 (2023 - £10). The net assets comprised the
£10 initial capital sum.
The Charity's aim is to distribute all income received, leaving the initial balance of £10
remaining. Other than those liabilities arising from the practice of accounting for donations in
the year of initial commitment, the Charity has achieved its objective.
Plans for future developments
In the coming year, the Charity will continue to provide charitable support in accordance with its
objects.
Any unrestrlcted funds held at the year end are retalned to flnance the Charity's policy of
charitable support.
Reserves policy and rlsk management
It is the intention of the Trust to distribute all donations received as grants annually with the
exception of the initial £10 capital sum. Any balan￿ or deficit at the year end is due to short
term timing differences. The trustee continues to consider the risks affecting the Charity and
takes steps to minimise those risks when required. The most significant risk to the Charity is
that of potential Misappropriation of funds. As far as possible. duties have been segregated to
minimise this risk.

THE SLAUGHTER AND MAY CHARITABLE TRUST
Trustee's report
for the year ended 5 April 2024
(continued)
There is also a risk that donations in future years will not be sufficient to meet the future
commitments made in the current year. When such future (long term) commitments have been
made, assurances have been given by the Partners of Slaughter and May that these
commitments will be met. There are currently no future commitments in place.
Statèment of trustee's responsibilities
The trustee is responsible for preparing the Trustee's Report and the financial statements In
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice). The law appllcable to charities in England and Wales
requI￿S the trustee to prepare financlal statements for each financial year which glve a true and
fair view of the state of affairs of the charity and of the Incomlng resources and application of
resources, Including income and expenditure, of the charity for that period. In preparing these
fi'nanclal statements, the trustee Is required to..
select suitable accounting policles and then apply them consistently.
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed. subject to any
material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustee is 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
flnancial statements comply with the Charities Act 2011 and the provisions of the trust deed.
They are also responslble for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detectlon of fraud and other irregularities.
On behalf of the trustee
Director of Slaughter and May Trust Limited
Date:
IG / Ii/£<-
2024

THE SLAUGHTER AND MAY CHARITABLE TRUST
Independent auditor's report to the trustee of The
Slaughter and May Charitable Trust
Opinlon
We have audited the financial statem8nts of The Slaughter and May Charitable Trust for the
year ended 5 April 2024 which comprise the Statement of Financial Activities, the Balance
Sheet, the Cashflow Statement and notes to the financial statements, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards. including FRS 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:
give a true and fair view of the state of the charity's affairs as at 5 April 2024, and of its
incoming resources and application of resources, for the year then ended.
have been prop8rly prepared in accordance wlth United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011 .
Bagls for oplnlon
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 golng concern
In auditing the financial statements. we have concluded that the trustee's 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 trustee 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 annual report, other than the
financial statements and our auditor's report thereon. The trustee is responsible for the other
information. Our opinion on the financial statements does not cover the other information and,

THE SLAUGHTERAND MAY CHARITABLE TRUST
except to the extent otherwise explicitly stated in our report, we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, 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,
Matt•r8 on whlch we are requlred to report by •xceptlon
We have nothing to report in respect of the following matters where the Charities Act 2011
requires us to report to you Sf, in our opinion:
the information glven in the Trustee's Annual Report is inconsistent In any material
respect with the financial statements,. or
the charity has not kept adequate accounting records,. or
the financial ststements are not in agreement with the accounting records and returns,.
or
we have not received all the information and explanations we required for our audit.
Respon8lbiliti08 of trustee
As explained more fully in the trustee's responsibilities statement, the trustee is responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the trustee determines Is necessary to enable the
preparation of financlal statements that are free from materlal rnisstatement. whether due to
fraud or error.
In preparlng the financial statements, the trustee Is responsible for assess5ng 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 trustee either intends to liquidate the
charity or to cease operations, or has no realistic alternative but to do so.
Auditor's responslblllties for the audit of the financlal 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

THE SLAUGHTER AND MAY CHARITABLE TRUST
considered material if, individually or in 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 prO￿dureS
are capable of detecting irregularities, including fraud is detailed below.
Explanation as to what éxtent the audit was considered capable of detectlng
irregularities, Including fraud
The objectives of our audit in respect of fraud. are.. to identfy and assess the risks of material
misstatement of the financial statements due to fraud. to obtain sufficient appropriate audit
eviden￿ regarding the assessed risks of material misstatement due to fraud, through designing
and implemenling appropriate responses to those assessed risks,. and to respond appropriately
to instances of fraud or suspected fraud identified during the audit. However, the primary
responsibility for the prevention and detection of fraud rests with both management and those
charged with governance of the charity.
Our approach was as follows:
We obtained an understanding of the legal and regulatory requirements applicable to
the charity and considered that the most significant are the Charities Act 2011, the
Charity SORP, and UK financial reporting Standards as issued by the Financial
Reporting Council.
We obtained an understanding of how the charity complies with these requirements by
discussions with management.
We assessed the risk of material misstatement of the financial statements, including the
risk of material misstatement due to fraud and how it might occur. by holding
discussions with management.
We Inquired of management and those charged with governance as to any known
instsnces of non-compliance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specrfic appropriate audit procedures to
identify instances of non-compliance with laws and regulations. This included making
enquiries of management and obtaining additional corroborative eviden￿ as required.
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and
maintain professional scepticism throughout the audit. We also:
Identify and assess the risk5 of material misstatement of the financial statements,
whether due to fraud or error. design and perform audit procedures responsive to those
risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error. as fraud may involve collusion. forgery,
intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purposes of
expressing an opinion on the effectiveness of the charity's internal control.

THE SLAUGHTERAND MAY CHARITABLE TRUST
Evaluate the 8ppropriaten8ss of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the trustee.
Conclude on the appropriateness of the trustee's use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty
exist5 related to events or conditions that may cast significant doubt on the charity's
ability to continue as a going cOn￿rn. If we conclude that a material uncertainty exist5,
we are required to draw attention in our auditor's report to the related disclosures in the
financial statements or. if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditor's
report. However, future events or conditions may cause the charity to cease to continue
as a going concern.
Evaluate the overall presentation, structure and content of the financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves fair presentation.
There are inherent limitatSons In the audit procedures described above. We are less likely to
become aware of instances of non-compliance with laws and regulations that are not closely
related to events and transactions reflected in the financlal statements, Also, the risk of not
detecting a material misstatement due to fraud is higher than the risk of not detecting one
resulting from error, as fraud may Involv6 deliberate concealment by, for ex8mple, forgery or
intentional misrepresentations. or through collusion.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's trustee in accordance with Chapter 3 of Part 8 of the
Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's
trustee 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 any
party other than the charity and charity's trustee as a body, for our audit work, for this report, or
for the opinion we have formed.
Jamie Sherman
Senior statutory auditor
On behalf of Moore Kingston Smith LLP
Statutory auditor
9 Appold Street
London
EC2A 2AP
Date:
23Janu8ry2025
Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the
Companies Act 2006.

THE SLAUGHTERAND MAY CHARITABLE TRUST
ststement of Financial Activities
for the year ended 5 April 2024
Note8
Year ended Yoar énded
5 April 2024 5 April 2023
Income
Income from..
Voluntary Income
Expenditure
Expendfture on charitable activities:
Grants payable in furtherance of the objects
691026
Total expendlture
Net movement In funds
60.000
Balance at 6 Aprll
10
Balanca at 5 Aprll
All of the Charity's activities are derived from continuing operations.
The Charity has no recognised gains and losses other than those dealt with in the Statement of
Financial Activities above.
All funds are unrestricted.

10
THE SLAUGHTERAND MAY CHARITABLE TRUST
Balance sheet as at 5 April 2024
Notes
At 5 April At 5 April
2024
2023
Current assets
Debtors
Cash at bank and in hand
136,557
10
136,567
131,130
10
131,140
Credltors: amounts falling due within one year
136 557
131 130
Net current assets
10
10
Not assets
Funds
Unrestricted
The financial statements on pages 9 to 19 were approved and authorlsed for issue by the
trustee and were slgned on its behalf by:
Dlrector of Slaughter and May Trust Llmlted
Date:
It)Iii/
2024

11
THE SLAUGHTERAND MAY CHARITABLE TRUST
Cashflow statement
for the year ended 5 April 2024
Notas
At 5 Aprll At 5 April
2024
2023
Net cash provlded by operating activities
Change in cash In p•riod
Cash brought forward
Cash carried forward
10
10
Reconclllatlon of net movement In funds to not
Net movement in funds for the year ended 5 Aprll (as per the
Statement of Financial Activities, page 9)
60,000
Adjustments for:
(Increase)IDecrease in debtors
(Decrease)Ilncrease in creditors
(5,427) (18.374)
5,427
Net cash provided by operatlng activltles {s•e above)

12
THE SLAUGHTERAND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024
Princi
al accountin
olicies
FRS 102
The financial statements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit
entity for the Purposes of FRS 102 and therefore the Charity also prepared its financial
ststements in accordance with the Statement of Recommended Practice applicable to charities
preparing their accounts in 8ccordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (The FRS 102 Charities SORP) published on 16 July 2014 and the
Charities Act 2011.
Basls of a¢￿untIng
The financial statements are prepared in accordance with the historical cost conventlon and on
an accruals basis.
The financial statements are prepared in sterling, which is the functional currency of the Charity.
Monelary amounts in these financial statements are rounded to the nearest pound.
Incomo
All Income is included when the charity has entitlement to the income, there is probability of
receipt and the amount can be measured.
Donatlons and other income are credited to the statement of financial activities on a receivable
basis.
Donated servlces and gifts In klnd
The value of donated services and grfts in kind provided to the Charity is recognised in the
statement of financial actlvlties at their value to the Charity as determined by the trustee, in the
period in which they are receivable, and where the benefit is both quantifiable and material.

13
THE SLAUGHTERAND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
Princi
al accountin
olicies
continued
Resour￿S axpended
Grants payable, for direct charitable activities, are included in the statement of financial activities
when the offer is conveyed to the recipient. except in those cases when the offer is conditional,
such grants being recognised as expenditure when the conditions attaching to them are fulfilled.
Grants offered subject to conditions which have not been Met at the year end are noted as a
commitment but not accrued as a liability.
Governance costs include expenditure on compliance with constitutional and statutory
requirements.
Fund accountlng
The unrestricted fund comprises those monies which may be used towards meeting the
charitable objects of the Charity at the discretion of the trustee.
Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
term liquid investments with original maturities of three months or less, and bank overdrafts.
Flnancial Instruments
The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments. to all
of its financial instruments. Financial instruments are recognised in the charity's balance sheet
when the charity becomes party to the contraclual provisions of the instrument. Financial assets
and liabilities are offset, with the net amounts presented in the financial statements, when there
is a legally enforceable right to set off the recognised amounts and there is an inlention to settle
on a net basis or to realise the asset and settle the liability simultaneously.
All debtor and credltor balances are considered to be basic financial instruments under FRS102.
Judgements and key sources of estimation uncertalnty
In the application of the charity's accounting policies, the trustee may be required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. These estimates and associated assumptions are
based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
There have been no significant estimateslassumptions made that affect the carying amount of
assets and liabilities in the financial statements.

14
THE SLAUGHTERAND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
Goin
concern
The Trustee considers there are no material un￿rtaIntieS about the Charity's ability to operate
as a going concern.
The Charity's intention is to distribute all donations received in the year. Any net surplus or
deficit (other than the initial £10 capital sum) is due to short term timing differences. There is no
deficit In 2024 and no future deficit is expected to arise.
Volunta
income
Year ended
Year ended
5 April 2024 5 Apr512023
Monetary donations
Gift in kind (audit fee paid by Slaughter and May)
685,026
657,710

15
THE SLAUGHTER AND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
Charitable activities
{a)
Grants paid during the year, analysed by reclplent:
Year ended
5 Aprll 2024
upReach
The Access Project - the Key Project
St Luke's Community Centre and Parochial Trust
Islington Law Centre
The Margins Project
Beam
Cambridge University
Legal Advice Centre (University House)
National Literacy Trust
Talk for Health
Internews
British Red Cross
Magen David Adom
St Luke's Primary School
Moreland Primary School
Social Mobility Business Partnership
The BIG Alliance
Likrat Shabat
Financlal Markets Law Committee
Bags of Taste
Access Right to Care
Cripplegate foundation
RCJ Advice Bureau
UNHCR
The City of London
139,500
60,000
52,500
43,000
33,200
30,000
30,000
25,000
23,777
21,000
20,000
19,065
18.678
17,375
15.875
15,000
13,200
12.613
12,000
11,000
10,000
10,000
10.000
6.000
5,000
653,783
Other grants (less than £5,000 each)
31,243
685,026
Total grants awarded In th• year
685,026
Add.. Governance costs (see note 5)
6.000
691,026

16
THE SLAUGHTERAND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
Charitable activities
continued
(a)
Grants pald during the prlor year. analysed by recipient:
Year ended
5 Aprll 2023
upReach
The Access Project- the Key Project
St Luke's Community Centre and Parochial Trust
Islington Law Centre
Beam
Blueprint Trust
Cambridge University
National Literacy Trust
Legal Advice Centre (Unlverslty House)
The Margins Project
UNHCR
Internews
Talk for Health
RCJ Advice Bureau
Social Mobility Business Partnership
St Luke's Primary School
The BIG Alliance
Financial Markets Law Committee
Moreland Primary School
Bags of Taste
British Red Cross
Access Right to Care
139,016
60,000
55,870
43,000
30,000
30,000
30,000
23,545
22.000
21,500
20,305
20,000
20,000
18,000
15,000
13,500
13,200
12,000
12,000
11,000
9,295
5,000
624,231
Othor grant8 (less than £5,000 each)
33,479
657,710
Le88: Other grants awarded In pr•viou8 years
The Access Project (Year 213)
(60.000)
Total grants awarded in the year
597,710
Add.. Governance costs (see note 5)
5,665
603.375

17
THE SLAUGHTERAND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
Charitable activities
contlnued
(b)
Grants awarded durlng the year are analysed by th• trustee as follows:
Year ended
Year ended
S April 2024
5 April 2023
Amount Number Amount Number
Trustee grants
Miscellaneous
420,177
264 849
33 328,485
40 269 225
26
50
Miscellaneous grants are those where the Trustee does not specifically choose the recipient
charity (e.g. matching donations for staff fundraising).
Gov6rnan¢• costs
Year ended
5 April 2024
Year ended
5 Aprll 2023
Audit fee
The value of facilities provided to the Charity free of charge, that otherwise would have had to
be purchased, such as the use of office equipment and office space, have not been recognised
in the statement of financlal activities because their value is not easily quantifiable.
Net movement In funds
The net movement in funds is stated after charging the Auditor's remuneration of £6,000 (2023 -
£5,665).
staff costs and trustee's remuneratlon
No staff were employed by the Charity during the year {2023- nil).
The key management personnel of the Charity are the trustee and directors of the trustee.
The trustee and directors of the trustee received no remuneration in respect of their services to
the Charity nor any reimbursement of expenses during the year {2023- Nil).

18
THE SLAUGHTER AND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
Debtors
At 5 Aprll 2024 At 5 Aprll 2023
Tax recoverable
Crèditors: amounts fallln
due wlthln one
ear
At S April 2024 At S April 2023
Short term advance from Slaughter and May
The advance from Slaughter and May accrues no interest and is unsecured. There is no fixed
repayment date.
10.
Related
transactions
The Slaughter and May Charitable Trust is funded principally by donations and gifted servlces
(Including the audit fee) from the Partners of Slaughter and May. The directors of Slaughter and
May Trust Limited are all Partners of Slaughter and May, the Charity's main donors, with the
exception of the CQO, J Hoseason.
The only related p8rty transactions during the period are donations from Partners of Slaughter
and May totalling £548,459 (2023 - £524.520) and an advance from Slaughter and May of
£136,557 (2023 £131,130) that was outstanding at the year end, all of which was pending
receipt of the tax recoverable from HMRC.
The governance and support costs of the Charity. and the premises occupied by It, are provided
by Slaughter and May but, with the exception of the audit fee, are not reflected in ihese financial
statements because their value is not easlly quantifiable.

19
THE SLAUGHTERAND MAY CHARITABLE TRUST
Notes to the financial statements
for the year ended 5 April 2024 (continued)
11.
Taxatlon
The Charity is a registered charity, and therefore is not liable for income tax or corporation tax
on income derived from its charttable actNities, as it falls within the various exemptions available
to registered charities.
450183343