RICHARD AND CHWSTINE PURCHAS CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2025 Paga Contents Annual Rgport of the Trusto•$ stat8menl of Flnan¢lal A1VItIeS Balance Sheet Notes to tho Flnanclal Statom•nts Independont Examln•rf$ R•port Page I
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST ANNUAL REPORT YEAR ENDED 30 JUNE 2025 Thè trustees submlt thelr annual report. together wlth the flnanclal statements for the year ended 30th June 2025. REFERENCE AND ADMINISTRATIVE DETAILS Tha registered charity number Is 1083126. The trustees of the charty are D Auerbath. P E Auerbaeh. R A Auerbach, A E Auerbaeh 8nd A C Auèrb8eh.. Principal addrèss.. 21 Clarenace Terrace, London NW14RD. STRUCTURE, GOVERNANCE ANO MANAGEMENT Th8 ch8rity15 govamad by a trust dead datad 13th Juno 2000 and consltutes an unlcorporated charlty-. Th8 bDard of trustees meet on a regular basis to set strategy and Monitor risks. The truste8s hav8 considered the Major risks to the charity is exposed have systems in place to manage those risks. OBJECTIVES AND ACTMTIES The charity was established th ftJnd$ provided from the estate of the late Rithard Purchas. The objective of the charity is to providè financial support to othèr tharitles engaged In medlcal research, Medical education and patient Care. During the year, the eharity donated £41,75012024- £26,250) to other charities. RWIIEW OF THE YEAR All the fvrKls are held by the charity. are unrestricted funds. During the year ended 30th June 2025 the net fund5 tsf the ¢harty in¢ased by £12,349121Y24- increased by £39.5551 The Market value of inve8trnents 8t 30 June 2025 was £272,471 12024- £256,9831. The increase of £15.488 in the value of investments consists ofr. Cost of additDnal inlMents in year C05t of Investments ¢Jisposed of in year Increase Sn value of unrealised Investmersts Increaselldecreasal 15.488 15.488 PLANS FOR THE FWURE It is the intention of the trustees to inLYea5e, overtirn8, the charitable donatio Wtrch are al made to medical charities for research and educaknon and for alleviating illness. Approved by the bo8rd of truste8s on 3 Jun8 2026 and signed on ils b8haW by.. D Auerbach- Trustee Page 2
RICHARD AND CHRISTINE PURCHAS CHARiTABLE TRUST STATEMENT OF FINANCIAL ACTivrriES YEAR ENDEO 30 JUNE 2025 Noig 2025 2024 Incoming resources.. Investment it)com8 40.806 46,090 Resources expended.. Charrtae Donatior 42.250 26.250 Adrninistratfve expen88S 2.195 44.445 2,618 28.868 Net outgc4ng resourc9S 13.6391 17.222 Gain l {Lossl on investments Sale of righ(s Unrealised 838 21,495 15.488 1S,488 22,333 11,849 39,555 Balance broughl forw8rd 113.472 73,918 Balants carrleé fornard 125,321 113,473 Page 3
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST BALAJ4CE SHEET AS AT30JUNE 2025 Noie 2025 2024 Flx•d Assets Investments 322.471 256,983 Currgnt Ass$ Accrued incorne Sto¢kbrokerfs acwunt Cash 26,917 48,079 2,153,522 47.121 2,124.123 2.172.588 2,228.518 Crodltors: amounts falllng due within one year 30,570 32,860 N¢t Curr•nt Ass•ts 2.142,018 2,464,489 2,195,658 2.452.641 nanced By Trust Fund- Unrestricted 2,339,168 2.339,168 Gen8ral Fnd- Unrestricted 125,321 2,464,489 113,473 2,452,641 The financial stat8rn8nts were approved by tt)e Board of Tru8t9es and authorfsed for Issue On 3 June 2026 and were slgned its beha by'.- D Auerbach - Trustee P E Auefoach- Trustee Pa8e 4
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST NOTES TO THE ACCOUNTS YEAR ENOEO 30 JUNE 2025 Aecountlng pollel•8 The accounts have been prepared on the histori¢ cost COVetK)n wth th& exception thal Investments are valued al market value wheTg valuations are available. The linan¢ig1 Slalemenls of thg charSly, which Is a wbli¢ benefit entlty under FRS 102, have been piepar8d in accordanc8 wilh the Charilie5 SORP IFRS 1021'Ac¢ounllng and Reportlng by Charities: Slatement of Re¢ommended Practi applicable to charitie5 preparing thgir accounts in accord8nc8 Wth the FInaNal Repor9 Standard appiKabl8 in the UK and Republlcol Ireland IFRS 1021 leffeclfve 1 January 20191,, Flnancial Reporting Standard 102 Th8 Fknancil Reporting SlarKlard 8pplicab18 in tho UK and Republi¢ of Ireland, and the charfts Act 2011. b) The accounts are prepared on an accruals basls. Unrea118ed investment galnslllossesl are shown net in tha stat8m8nt of financial 8¢twities. The charitVs funds may be used at the dIS¢tion ol the Trust88s. There are no r8Strict8d or separatg lunds. Creditors and provk8ions are recognised where the charity has a Fxesent obligati¢Jn reSun9 from a past event that hwll probably resull in the transfer of funds to a third party and th8 amount due lo setue the obligation can be MeaSud or estimated reliably The trusl onty has financlal assels and tlnandal Ilabiliues of a kind that qualify 88 baslc financ181 lll51rumenls. Basic financial instruments 8re initially recognised at transaction value and subsequentty measured at their settlement value. The charity 18 exempt from tax on ils chit8b1 actIvIt$. 2025 2024 Inve8im8nt Incom8 Bank deposit Interest Li8ted inv8Stments 27,718 13,088 40,806 34,505 11,585 46,090 Admlnlstration expenses Bank charges Professlonal feos stockbrokerfs charge5 2.160 26 2,195 2.160 452 2,618 Investmehts: l investment8 were held in the UK and overseas as follows.. Share5 at Market Valu Bonds al M8rket V81ue 246,452 26.019 272.471 231,143 25,840 256,983 Bond at cost 50,000 322.471 256.983 Movement In Inve5ttnents were= Market valu8 at beginning of y8ar Additions in year Cost of sales in year GainlLo55 on revaluatson Market value at end of year 256.983 50,000 235,488 15.488 322.471 21,495 256,983 Page 5
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST NOTES TO THE ACCOUNTS YEAR ENDED 30 JUNE 2025 2025 2024 Cmdltors: Donauons payab18 Trade creditors Accruals 26,250 2,180 2,160 30,570 28.000 2,700 2.160 32,860 Page 6
RICHARD AND CHRISTINE PURCHAS CHARITABLE TRUST Independent Examinor's Report to the Trustees of Richard And Chrlstlne P¥haS Charltabl$ Trust YEAR ENDED 30 JUNE 2025 I report to the chxrity trustees on my examinatN)n ol the accounts of th8 Rhard and Christine Purchas Trust (the TTUStI for th8 year 8nd8d 30 June 2025. Responslbllltles and Basis of Report A5 the charitls irus1888, you are responslbl8 lor the pr8paration of the aoUnts in accordance with the r8quir8menls of the Charities Act 20111.the Act'l. I r8POrt in r88pect of rny examination of the Trust's aecounts C8rried out under section 145 of th6 2011 Act 8nd in canyng oul my examination, I have Idkjwed all th8 applicable Directions gwen by th8 Charity Commission under SeOn 14515llbl of the Acl. Independent Examlnerf$ Statsmgnt I have Ix)mp1818d my ex8minalion. l ¢onfimi that no material matters have come lo my attentn in connection with the examinatK)n which gives me causè tts b81iev8 that in, any material respect.. the accountSng COr(j$ werè not kept in 9rdanCe with section 130 of the Charities Act,. or the accounts did not accord wilh the accounting records., or the account5 did ml comply with the applicable requirement5 conc8ming th& fomi and content ol account5 8gl oul in the Charities IAccounts and Reports) RegulatK)ns 2008 other than any requirernenl that the aecounis give a 'true and fail. vièw which 8 not a matter Ca)nsldered as part tsf an indepgndent examination. I have no ujncems and have ¢ome a¢r055 no oth8r rnatters in connection wlth tho Qxamination lo atiention sh)uld bo rawn In this report in order to enable a proper understanding of the accounts to b8 reaehed Mr. Upen hah Arilhma LLP 5 Jardine House, Harrovian Business Village B8ssborough Ro8 Harrow Mklthosex HA3 1EX Date. 3 June 2026 Page 7