RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 Page Contents Annual Report of the Trustees Statement of Financial Actlvities Balance Sheet Notes to the Financial Ststements Independent Examinerfs Report Page I
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST ANNUAL REPORT YEAR ENDED 30 JUNE 2024 The trustees submit their annual report. together with the finanoal statements for the year ended 30th June 2024. REFERENCE AND ADMINISTRATIVE DETAILS The registered charity number is 1083126. The trustees of the charity are D Auerbath, P E Auerbath, R A Auerbach, A E Auerbach and A C Auerbach: Principal address.. 21 Ciarenace Terrai%. London NW14RD. STRUCTURE. GOVERNANCE AND MANAGEMENT The charity is governed by a trust deed dated 13th June 20(Kl and consitutes an unTrcorporated tharity.. The board of trustees meet on a regular basis to set strategy and monitor risks. The trustees have considered the major risks to %vhich the tharity is exposed and have systems in place lo manage those rfsks. OBJECTIVES AND ACTIVITIES The charity was established with funds provided from the estate of the late Richard Purchas. The objective of the charty is to provide finanoal support to other tharities engaged in medical research, medical educatlon and patient care. During the year. the chanty donated £26.250 (2023 - £23.070) to other charities. REVIEW OF THE YEAR I the funds held by the charity are unrestricted funds. During the year ended 30th June 2024 the net funds of the chartty increased by £39,555 (2023 - decreased by £12,767) The Market value of investments at 30 June 2024 was £256.983 {2023- £235.488). The increase of £21.495 in the value of investments consists of: Cost of additional invostments in year Cost of Investments disposed of in year Increase in value of unrealised investments Increasel{decrease) 21,495 21.495 PLANS FOR THE FUTURE It is the intention of the trustees to increase. over lime. the charitable donations vthich are all made to medical charities for research and education and for alleviating illness. Approved by the board riustees o 8 July 2025 and signed on Tts behalf by: D Auert)aGh - Trustee Page 2
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 JUNE 2024 Note 2024 2023 Incoming resources: Investment inmme 46,090 11,476 Resources expended.. Charitable Donations 26.250 23,070 Administrative expenses 2,618 28.868 2,896 25,966 Net outgoing resources 17.222 (14.490) Gain l (Loss) on investments Realised Sale of rights Unrealised (4.141) 838 21,495 22.333 5,864 1,723 39.555 (12,767) Balance broughl forward 73,918 86,686 Balance carried forward 113,473 73,918 Page 3
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2024 Note 2024 2023 Flxed Assets Investments 256.983 235,488 Current Assets Acfflied income Stockbrokeffs account Cash 26,917 48,079 2,153.522 2,228.518 47,294 2,156.074 2.204,153 Creditors: amounts falllng due wlthln one year 32,860 25,770 Net Current Assets 2,195,658 2.452.641 2,177,599 2,413,087 Financed By Trust Fund - Unrestricted 2.339.168 2,339,168 General Fund - Unrestricted 113.473 2,452,641 73,918 2.413.087 The financial statements were approved by the board of trustees on 18 Juty 2025 and signed on its behalf by:" D Auerbach Trustee P E AuerbaGh - Trustee Page 4
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST NOTES TO THE ACCOUNTS YEAR ENDED 30 JUNE 2024 Accounting policies The accounls have been prepared on the historic cost convention with the exception that inveslments are valued at market value. The accounts are prepared in accordance with the statement of Recommended Practice: Accounting and Reporting by Charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019) and compty with the Charities (Accounts and Reports) Regulations 2005 issued under the Chartties Act 1993. b) The accounts are prepared on an acwals basis. Unrealised investment gainsllk)sses) are shown net in the statement of financial activities. d} The charitvs funds may be used at the discretion of the Trustees. There are no S1cted or separate fvnds. Creditors and provisions are recognised where the thaiity has a present obligation resulting from a past event that will probably result in the transfer of fvnds to a third party and the amount due to settle the obligation can be measured or estimated reliably The trust onty has financial assets and finanaal liabilities of a kind Ihal qualify as basic financial instruments. Basic financial instruments are initialty recognised at transaction value and subsequentty measured at their setuement value. Investment Income 2024 2023 Bank deposit inlerest Listed investments 34,505 11,585 46,090 11,476 11.476 Admlnlstratlon expenses Bank charges Professional fees stockbrokevs charges 2,160 452 2.618 2,700 188 2,896 Investments: All investments were held in the UK and were as follows= Shares at Market Value Bonds al Market Value 231,143 25,840 256.983 211,338 24.150 235,488 Movement in inveslments were.. Marf(et value at beginning of year Additions in year Cost of sales in year GainlLoss on revaluation Market value at end of year 235,488 255,765 (26.141) 5.864 235,488 21,495 256,983 Creditors: Charitsble Donations Trade creditors Accruals 28,000 2,700 2,160 32,860 23.070 2,700 25,770 Page S
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST Independent Examlnerfs Report to the of Rlchard And Chrfstlne Purchas Charitsble Trust YEAR ENDED 30 JUNE 2024 I report on the accounts of the charity for the year ended 30 June 2024. whith are set out on pages 3 to 5. Re$ponslblllties and Basls of Report As the charity's trustees, you are responsible for the preparation of the accounts In ardance with the requirements of the Charities Act 2011 flhe Act.). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under sedion 145(5}{b) Independent Examinefs Statement I have completed my examination. I confimi that no material matters have come to my attention in connectK)n with the examination which gNes me cause to belleve that in, any material respect: the accounting records were not kept in accordan with seGtion 130 of the Chartttes Act; or the accounts did not accord with the accounting records: or the accounls did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached Mr. Upen Shah 5 Jardine House, Harrovian Business Village Bessborough Road Harrow Middlesex HA3 1 EX Oate: 18 July 2025 Page 6