THE IAN ADDISON CHARITABLE FOUNDATION
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
YEAR ENDED S APRIL 2024
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CHARTERED ACCOUNTANTS

THE IAN ADDISON CHARITABLE FOUNDATION
REFERENCE AND ADMIEYISTRATIVE INFORMATION
Settlor
P I Addison
The Trustees who served during the year are:
Mr W A Evers - Chairnian
Mr M G L Thomas
Mr C J Gupwell _ Correspondent
Mr l R Stainburn
Charity number
The Trust is a registered charity number 1084089
Principal Office
Woodlands
Earls Common Road
Stock Green
Redditch
Worcestershire
B96 6TB
Accountant8
Shona Cutler Lid
Grove Fami Bungalow
Lineomb
Stourport on Severn
Worcestershire
DY13 9RB
Bankers
HSBC Bank PIC
114 High Street
Stourbridge
West Midlands
DY8 IDZ
Investment Managers
EFG Harris Allday
33 Great Charles Street
Birniingham
B3 3tN
Independent Examiner
Mrs S M Culler
Shona Cutler Ltd
Grove Fann Bungalow
Lincomb
Stourport on Severn
Worcestershire
DY13 9RB

THE IAN ADDISON CHAIUTABLE FOUNDATION
TRUSTEES, REPORT for the year ended 5 April 2024
The Trustees present their report and the financial statements lor the year
ended 5 April 2024. Details of the Foundation's operations during the year
are set out in the financial statements on pages 6 10 1 O. The presentation
cornplies with the Charitie,% Act 201 l and the Accounting and Reporting by
Charities.. Sialernent of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in th¢ UK and Republic of Ireland (FRS 102)(effective l January 2019).
The accounting policies adopted by the Foundation are sel oul in Nole l on
page 8.
Structure, Goverllance and Management.
The Charity was created by a Declaration of Trust dated 18 September 2000.
The Charity's constitution reslricls ils grant making to certain specific
areas of benefit, namely the education of the general public with particular
reference lo matters of historic, artistic, architectural or aesthetic
interest, the study and appreciation of agriculture, horticulture, silviculture,
land and estate management, conservation, flora and fauna and of any land or
building of national, historic, architectural, artistic or aesthetic interest;
the preservation, protection and improvement for the public benefit of any such
land or buildings. the preservation. protection and improvement of all items
of national, historic, artistic or aesthetic interest associated with or
displayed in any such buildings. the provision of financial assistance for the
repair and maintenance of certain religious land or buildings and for the
support and promotion of bodies established for exclusively charitable
purposes having the same or sirnilar objects to those specified above.
Applications should be made through the Correspondent al the addre8s shown
onpage l.
All decisions and matters of policy are detemined by the Tru¥lee8 who meet
as often as ¢ir¢um8lances require, bul not les8 than once each year. The
full number of Trustees is not le4% than three individuals. Future Trustees
Inusl be appointed by resolution of the Tru4tees. At such lime a.s new
Trustees might be appointed they would be given adequate inforn]ation to
enable them to understand the Charity's aims and objectives and their
responsibilities as Trustees.
Jnvestment Pollcy
There are no restrictions on the Charity's power to invest. The Trustees have
appointed investment managers on a discretionary basis. The TNstees' objectives are:.
l) the creation of a sufficient financial return to enable the Charity to carry
out its purposes ¢ffe¢tively and without intemiption.
2) the maintenance and enhancement of the investment funds in real ternis
whilst they are invested.
3) to obtain a reasonable balance between capital growth and income so
that the Trust can meet future as well as current needs.
4) to avoid investment8 that are unduly risky.
The fimds may be invested in any type of investment. The Trustees, policy
is to invest in an appropriate mix of assets ¢.g. equities, fixed interest
and monetary assets.

THE IAN ADDISON CHARITABLE FOUNDATION
TRUSTEES, REPORT for the year ended S April 2024 (continued)
Reserves Policy
The Charity's unrestricted reserves, ils di.qtribulable income, consist
of the eamings from ils investment portfolio. which are received quarterly
from The Foundation's stockbrokers.
Grants lo beneficiaries are made at various times during the year as funds
are available.
Risk Management
The Trustees keep under review the major strategic and operational risk5
which the Charity faces and are sali8fied that systems have been eqtablished
in order to minimize the possible effects of such riqks on the Charity.
Objectives and Activities
It LS the aim of the Trustees, both presently and in the future, to maximize
the income, consislenl with the wish to maintain the real value of the Charity's
Capiial Fund, in order to grant as mucli as possible to charitable inslitulions.
The T￿sleeS have referred to the guidance contained in Ihe Charity
Commission's geiieral guidance on public benefil when reviewing the Charity's
aims and objectives and planning future aclivilie.s. In particular. the
TNste¢s have considered how planned activities will contribute to its aims and
objectives.
Achievements, Performance And Financial Review
The Foundation's financial statements are set out on pages 6 10 10.
The total income for the year was £39,309 compared with £36,074 in the
previous year.
I I grants toialling £28,490 were made during the year. In the year to
5th April 2023, 14 grants were made al a ¢o%t of £35,630. Delai18 of the
year's grants are shown in Note 3 on page 9.
In the Trustees, opinion the Balance Sheet discloses funds adequate for the
purpose of fulfilling Ilie obligations of the Charity for Ihe foreseeable
future.
Trustees, responslbllltSe8 in relation to the Financlal Statement5
The Trnslees are responsible for preparing the Trustees, Report and the
Financial Slalemeiits in accordance with applicable law and United Kingdom
Accounling Standards (Uniced Kingdom Gen¢rally Accepted Accounting Practice)
The law applicable to Charities in England and Wales requires the Trustees to
prepare financial 51alemenls for each financial year which give a true and
fair view of the state of the Charity's affairs and of its incoKning resources
and the application of those resources for that period.

THE IAN ADDISON CHARITABLE FOUNDATION
TRUSTEES, REPORT for the year ended 5 April 2024 (continued)
Trustees, Responsibilities in relation to the Fillancial Statements (continued)
In preparing th¢ financial statements the Trustees are required to..
(a) select suitable accounting policies and apply them consistently.
(b) observe the methods and principles in the Charities SORP.
(c) make judgements and estimates that are reasonable and prudent.
(d) stale whether applicable accounting Standards have been followed,
subject to any material d¢partures disclosed and explained in the
financial slatemenls. and
(e} prepare the financial slalemenls on a going concem basis unless
it is considered inappropriate to assume that the Charity will continue.
lo operate.
The Trustees are responsible for keeping proper accounting records that
disclose with reasonable accuracy at any time Ilie financial position of the
Charity and enable them to ensure that the financial statement8 comply with
the Charities Act 201 I, the Charity {Ac¢ounts and Reports) Regulations 2008
and the provisions of the Trust Deed.
The Trustees are also responsible for safeguarding the assets of the Charity
and for taking reasonable steps for the prevenlton and detection of fraud
and other irregularities.
Approved by the Trustees on
and slgned on their behalf:
W A Evers
Chairn]an

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE IAN ADDISON CHARITABLE FOUNDATION
I report to the Trustees on my examination of the accounts of the Charity
for the year ended 5 April 2024, which are set out on pagFes 6 to 10.
This report is made solely lo the Charity's Trustees, as a body, in accordance
with RegJulation 31 of the Charities (Accounts and Reports) Regulations 2008.
My work has been undertaken so that I might state to the Charity's Tru8lees
those rnalters l am required io state to them in an independent examiner's
report and for no other purpos¢. To the fullest extent penllitted by law I do
not accept or &ssume responsibility to anyon¢ other than the Charity's Trustees,
as a body, for my work, for thi5 report, or for the statement I have made.
Responsibilities and basls for the Report
A5 the Charity's TNstees you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Aci 2011 (the Act).
I report in respect of my examination of the Charity's accounts carried out
under section 145 of the Act and in Carrying out my examination I have
followed all the applicable Directions given by the Charity Commission under
section 145(51(b) of the Act.
Independent Examlner's StAtement
I have completed my examination. I confim that no material matters have
come lo my attention in ¢onne¢lion with the exaniination which giv¢ m¢ cause to
believe..
accounting records were not kept in respect of the Charity as required by
section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirernenls concerning th¢
fonn and conteni of the accounts sel out in the Chariiies (Account% and
Reports) Regulations 2008 other than any requiremeiils that the accounts
give a 'lrue and fair, view, which is not a matter considered as part of
an independent examination. or
4. the accounts have not been prepared in accordance with the method8 and
principles of the Sialement of Recommended Practice for accounting and
reporting by charities.
I have no concems and have Come across no other matters in connection with
the examination to which attention should be drawn in this respect in order
to enable a proper understanding of the accounts to be reached.
S M Cutler BSC Hons, FCA, TEP
Mrs S M Cutler
Shona Cutler Ltd
Grove Farni Bungalow
Lincomb
Sloury)ort on Sevem
W0￿eSter$h1re DYI 3 9RB

THE IAN ADDISON CHARITABLE FOUINDATION
STATEMELNT OF FINANCIAL ACTIVITIES for the year ended S April 2024
Income
Capital
Total
2023
Income and Expenditure
Income:
Investment incom¢ and interest
39.309
39,309
36.074
Total Income
39,309
39,309
36,074
Expenditure:
Cost of raising funds
Investment management fees
7,247
7,247
7,662
Direct Charltable Expenditure (Note 3)
Grants
28,490
28,490
35.630
Other costs
A¢¢ounlanls fee
Independent Examiner's fee
Bank charges
2,700
600
65
2,700
600
65
2,400
600
65
3,365
3,365
3.065
Total Expenditure
31,855
7,247
39,102
46,357
Net Outgoing Resources
for the year
7,454
(7,247)
207
(10,283)
Net gaAnsl(losses) on Investments
Realised
Unrealised
(5,376)
2,818
(5,376)
2,818
{87,487)
Net Movement in Funds
7,454
(9,805)
(2,351) {97,781)
Total Funds brouLyht fonvard
at 6 April 2023
14.057
867,994
882,051
979,832
Total Funds carried forward
at 5 April 2024
£21,511 £858,189 £879,700 £882,051
The notes on pages 8 to 10 forni part of these financial statements

THE IAN ADDISOLN CHARITABLE FOUIYDATION
BALANCE SHEET S April 2024
2024
2023
Investments at market value (Note 6)
867,528
879,326
Current Assets
Bank account
3,424
Debtors
Dividends in the hands of investment managers
HM Revenue & Customs - tax repayable
11,932
115
7.745
115
12,047
7,860
Less Liabilities
Amounts falling due within one year (Note 7)
Bank Overdraft
3,300
3,000
2,135
3.300
5,135
Net Current Assets
8,747
2.725
£879,699
£882.051
Funds of the Charity (Note 8)
Capltal Fund (reslri¢led)
856,611
867,994
Undlstributed Income (unrestricted)
23,088
14,057
Total Funds of the Charlty
£879,699
£882,051
The notes on pages 8 to l O fonn part of these financial statements
Approved by the Trustees on
W A EVERS

THE IAN ADDISON CHARITABLE FOUNDATIO141
NOTES TO THE FILNAINCIAL STATEMENTS
Year ended 5 April 2024
Accounting Policies
The flnancial statements have been prepared in accordance with the
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){effeclive l January 2019) and the Charities Act 2011.
The Foundation constitutes a publt¢ benefit entity as defmed by FRS 102.
The particular accounting policies adopted are..
(A) Accounting Convention
The accounts are prepared on the histori¢al Cobt basis of accounting
modified lo include listed investments al market value. Incoming
resources and the application of those resources have been
accounted for on the accruals basis of accounting.
(b) Fund Accounting
The Undi%iribulcd Income is available lo spend on activities that further any of
the pU￿OSe￿ of the Charity. The Capital Fund represents the Charity's
endowment. The Tru4tee8 have decided to restrict expenditure from thi5
fund to tlie fees charged by the Charity's Investm¢nl Managers.
(c) Llsted Investments
Listed investments are slated al market value less any provision
for a pern]anenl diminution in value since the balaiice sheet date.
Realised and unrealised gains and Ios8es on inveslmentq are
accounted for through the Capital Fund.
(d) Income And Expendlture
Income from investments is accounted for in the y¢ar in which it is
receivable. Interest on bank and stockbroker deposits is accounted
for in the year in which it is received.
Charitable grants are accounted for in the year in which they ar¢ paid.
Other costs are those associated with the adminislralion, constilulional and
statutory r¢quiremen15 of the charity.
{e) Cash Flow Statement
The Charity has taken advantage of the exemption available under the Charilies
SORP (FRS 102) Update Bulletin I not lo prepare a Cash Flow Slalement.
Taxation
The Trust has been accepted as charitable by H M Revenue & Customs and
as such is exempt from In¢ome Tax and Capital Gains Tax provided its
in¢ome and gains are applied for charitable purposes.

THE IAN ADDISOIN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMEINTS (continued)
Year ended S April 2024
Direct Charitable Expenditure
The following grants were made to organi.8alions during the year:
Avoncroft Museum ot Historic Buildings
Future Trees Trust
Heart of England Forest
National Trust - Berrington Hall
Plantlife - Winskill Stones and Joan's Hill Farni
Wildfowl & Weilands Trust
Woodland Trust - Pepper Wood and Robson Spring Wood
Worcester Cathedral - Registers
Bugatti Trust
Planilife- Three Hagges
Friends of Si Swiihun's Church, Worcester
3.000
2,000
2,000
3,000
4,000
2,000
4.000
3,000
2,000
2,490
1,000
28,490
Trustees, Remuneration and Expenses
No remuneraiion or expenses were paid or payable in respect of the period
out of the funds of the Charity either directly or indirectly lo any
Trustee or to any person or persons known to be connected with them.
Employees
There were no full or part time ernployees during the year or during the
previous year.
Investments
2024
2023
Llsted Investments
Cost
At 6 April 2023
Additions
Dispobals
786,764 786,965
27.355
(41,972)
(201)
At 5 April 2024
772,147 786,764
Market Value Adjustment
At 6 April 2023
Adjustment for the year
92,562 180,049
2,819 (87,487)
Al 5 April 2024
95,381
92,562
Market Value
Al 5 April 2024
£867,528 £879,326
Investments at market value eomprised
Interest bearing securities
Equities
Overseas
178,891 179.485
670,438 684,774
18.199
15,067
At 5 April 2024
867,528 879,326

THE IAN ADDISON CHARITABLE FOUNDATIOIY
NOTES TO THE FINALNCIAL STATEMENTS (¢ontinued)
Year ended 5 April 2024
Investments (continued)
All investments, were listed on a recognised stock exchange. No holding
represented at least 5 /0 of the value of the portfolio al 5 April 2024.
Llabilities: Amounts falling due within one year
2024
2023
Shona Cutler Ltd
3.300
3,000
£3,300
£3,000
Analysls of Assets between Funds
Capital Undistributed
Fund
Income
Total
At S Aprll 2024
Investment.
Balance at bank
Debtors
867,528
(10,917)
867,528
3,424
12,047
14,341
12,047
856,611
26,388
3,300
882,999
3,300
Less Current liabilities
£867,994
£23,088
£879,699
At S April 2023
Investments
Balance al bank
Debtors
879,326
(11,332)
879,326
(2,135)
7,860
9,197
7,860
867,994
17,057
3,000
885,051
3,000
Less Current liabilities
£867,994
14,057
£882,051
io-