Charlty reglstratlon number 1084690
THE LORD FARINGDON CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5APRIL 2024

THE LORD FARINGDON CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Bernard Michael de Lerisson
Cazenove
The Hon. James Harold Henderson
The Hon. Mrs S Maitland-Robinson
Edward Alexander Campbell Cottrell
Secretary
Sharon Lander
Charity numbèr
1084690
Reglstered office
The Eslale Office
Buscot Park
Faringdon
Oxfordshire
SN7 8BU
Auditor
Critchleys Audit LLP
Beaver House
23-38 Hythe Bridg8 Street
Oxford
OX12EP
Bankers
Lloyds TSB Bank plc
8 Market Place
Faringdon
SN7 7HN
Investment advisors
Cazenove Capital
1 London Wall Place
London
EG2Y SAU

THE LORD FARINGDON CHARITABLE TRUST
CONTENTS
Page
Chairman's statement
Twst8es' report
Stslement of Trustees. responsibilities
Independent auditor's report
statement of financlal actlvities
Balance sheet
10
Notes to tha financial statements

THE LORD FARINGDON CHARITABLE TRUST
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 5 APRIL 2024
Over the past twelve months the Trustees have made grants to 123 organisalions at a Cost of £256,800 (2023
£263,000) and after costs this was a net outgoing of resources of £5,675 and valuation losses of £338,287. Our
overall rate of return on the funds was-0.2 %.
Since the year end the value of investments has increased by £648,000 to £10.48m. Investment income for 2025 is
estimated at £272,000.
During the year the investment portfolio was reorganised and tidied up, but we continue to maintain our investment
policy of a wide international spread of equity investments searching for a future stream of rising income.
Humanitarian horrors continue and our funds can only scrape the surface of people's needs, but we will continue to
give what support we can.
B M de L Cazenove
Chalmian
Date:

THE LORD FARINGDON CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report and financial statements for Ihe year ended 5 April 2024.
The financial ststements have been prepared in accordance with the accounting policies set out in note 1 to the
financial slalements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir accounts in
accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021.
(effective 1 January 2019).
Objectives and activltles
The Trustees have discretion to apply income from the trust fund to any charity or charitable purpose. However the
following charitable purposes are specifically listed..
Educational Scholarships Grants
Hospitals and the provision of medical treatmènl for the sick
Purchase of antiques and artistic objects for museums and collections to which the public has access
Care and assistance oflhe aged and infirm
Development and 8SSiStance of Arts and ScienG6s, physical recreation and drama
Research into matters of public interest
Relief of poverty
Support of matters of public interest
Maintaining and improving The Faringdon Collection Trust
The Trustees hav8 paid due r8gard to guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
Aehlevemonts and performance
During the year ended 5 April 2024 grants were given to 123 organisations 12023: 111 organisations} totalling
£256,800 (2023.. £263,000).
Investment pollcy and performance
The Trustees believe the best policy to protect the purchasing power of the endowment fund is to invest, for a rising
stream of incorne, in a diversified international portfolio of equities with the expectation that this will lead to a
satisfactory overall {totall rate of r8lurn for the Fund.
In the year to 5 April 2024, the overall (total) rate of rgturn on the Portfollo was -0.20kn (2023.. .2.19kn).
Flnanclal revlew
Investment and rental income for tha year amounted to £287,028, a decrease of £2,362 over the prior year. The
cost of charitable activities amounted to £283,585 , a decrease of £4,251 over the prior year. After other costs have
been taken into account. there were nel outgoing resources of £5,67512023: net outgoing resources of £10,399).
Losses of £338,287 on revaluation of listed investments and property within the endowment have created a net
dècrease in funds of £343,96212023'. dacrease of £610,037).
Reserves pollcy
Tha Charity has no employees and no long term commitments. In the light of this the Trustees consider that ther8 is
no need to maintain a level of free reserves, and the unrestricted funds will be spénl on further donations in due
course.
The Charity manages its annual expenditure againsl its annual Income as required. Any capital growth Is treated as
inflation prolection to the real value of the permanent endowment. Reserves at 5 April 2024 amounted to
£10,366,382 of which £153,049 wère unrestrirt6d income funds and £10,213,333 were endowment funds.
Plans forfuture periods
The Trust will continue to alm to distribute its annual income, by way of grants, to worthy causes in accordance with
ils objects.

THE LORD FARINGDON CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Structure, governance and marlagement
The Trust is an unincorporated Trust, constituted under a Trust Deed dated 4 December 2000, and is a registered
charity, number 1084690.
The existing charity was formed from the amalgamation of The Lord Faringdon (No 1) Charitable Trust {Reg. No
206878} and The Lord Faringdon (No 2) Charitable Trust {Reg. No. 2379741. For future reference the assets and
accumulated income of The Lord Faringdon (No 1) Charitable Trust represenling 62.15°A of the amalgamated
assets {fund Al vesl in The Faringdon Collection Trust (Reg. No 203770),. the assets of The Lord Faringdon (No 2)
Charitable Trust (fund Bl representing 38.750/0 of the total amalgamated assets. remain a permanent endowment.
Th8 Trust is managed by a Board of Trustees.
The Trustees who sewed durlng the year and up to the date of signature of the financial statements were:
Bernard Michael de Lerisson Cazenove
The Hon. James Harold Henderson
The Hon. Mrs S Maitland-Robinson
Edward Alexander Campbell Cottrell
The Trustees meet formally once a year when they agree the broad strategy and arsas of acllvity for Ihe Trusl,
including consideration of investment, reserves and risk management policies and performance. The day to day
administration of grants and the processing and handling of applications prior to consideration by the truslees is
carried out by the secretary.
The Trustees keep their skill requirements under review and, in the event thal a trustee permanently retires or
additional new trustees are required, new trustees will be sought and a final decision on selection will be taken by
the existing trustees.
Rlsk managoment
The Trustees have considered the major risks to which the Charily is exposed and have reviewed those risks and
established systems and procedures to manage Ihose risks.
Public Benefit
The Trustees confirm thal they have complied with the duty in section 17{51 of the Charities Act 2011 to have due
regard to the guidance published by the Charity Commission. The public benefit of Ihe Charity Is achieved through
its grant-making. Grant applications are accepted from registered charities and other recognised bodies. All grant
applications are required to provide infonnation on the specific purpose and expected beneficiaries of the grant.
This infomiation helps the Charity assess how its programme of discretionary gfant-making achieves a spread of
benefit.
The Trustees, report was approved by the Board of Trustèes.
Bernard Michael de Lerisson Cazenove
Chalrman
Dato-

THE LORD FARINGDON CHARITABLE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees are responsible for prèparing the Trustees, Report and the financial stat6ments in accordance with
applicable law and United Kingdom AcGounling Standards {United Kingdom Generally Accepted Accounling
Practice).
The law applicable to charities in England and Wales requirès the Trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and
application of resources of the Charity for that year.
In preparfng these financial statements, the Trustees are required to..
seleot suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent;
stat6 whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements., and
preparè the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will conlinue in operation.
The Trustees are responsible for keeping sufficient accounting record5 that disclose with r9asonable accuracy al
any time the financial position of the Charity and enable them to ensure that the financial statements comply with
the Charilies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

THE LORD FARINGDON CHARITABLE TRUST
CRITCHLEYS
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE LORD FARINGDON CHARITABLE TRUST
Opinion
We have audited the financial statements of The Lord Faringdon Charitable Trust (the 'Charity') for the year ended 5
April 2024 which comprise the statemenl of financial aclivilies, the balance sheet and notes lo the financial
statements, including significant accounting policies. The financial reporting framework that has been applied in
Iheir preparalion is applicable law and United Kingdom Accounting Standards, including Financial Reporting
standard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting PractI￿1-
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 ils incoming resources
and application of resources, for the year Ihen ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice"
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUK)} and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit or
the financial statements section of our report. We are independent of the Charity in accordance with the ethical
requirements Ihat are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our olher ethical responsibilities in accordance wlth these requirements. We believe
that th8 audit evidence we have obtained is sufficient and appropriate to provide a basls for our opinlon.
Concluslons relatlng to going concern
In auditing th8 financial statements, we have concluded that the Trust8es' 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 abilily to continue as a going
concem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going conGem are described in the
relevant sections of this report.
Other inforniatlon
The other information comprises the information included in the annual report other than the financial slalemenls
and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual
report. Our opinion on the financial stalements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether Ihe other information is materially inconsistent with the financial statements or our knowledge obtained in
Ihe course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required lo determine whether this gives rise lo a material misslatemenl
in the financlal statements Ihomselves. If, bas6d on the work we have performed, we conclude that there is
material misstatement of this other information, we are reouired lo report that fact.
We have nothing to report in this regard.
Matt8rs on which wo are required to report by exceptlon
We have nothing to report in respect of the following malters in relation to which the Charities {Accounts and
Reports) Regulations 2008 requlre us to report to you if, in our opinion:
the information given in the financial slatements is inconsistent in any material respect with the Trustees,
rèport., or
sufficient accounting records have not been kept. or
the fi'nancial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.

THE LORD FARINGDON CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE LORD FARINGDON CHARITABLE TRUST
Responslbilities of Trustees
explained more fLslly in the slatement of Trustees, responsibilities, the Trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
intemal control as the Trustees determine is necessary to enable the preparation of financial statements thal are
free from material misstatement, whelher due to fraud or error. In preparing the financial statements, the Trustees
are responsible for assessing 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 Trustees either intend to cease
OP8ralions, or have no realistic alternative but to do so.
Auditorfs r8sponsiblllties for tha audit of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with Ihe
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain feasonable assurance about whether the financial slatements as a whole are free from
malerial misslalemenl, 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 bul is not a guarantee Ihat an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misslatements can arise from fraud or
error and are considered malerial if, individually or in the aggregate, they Gould reasonably be expected to influence
the economic decisions of users tsken on the basis of these financial stalements.
The extent to which our procedures are capable of detecting irregularities, Including fraud, is detailed below.
Irregularities, including fraud, are instances of non-compliance with18ws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatemenls in respect of irregularities, including
fraud.
Our approach to identifying and assessing the risks of material mlsststement in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectively had the approprlate competence,
capabilities and skills to identify or recognise non-compliancè with applicable laws and regulations:
we identified Ihe laws and regulations applicable to the charity through discussions with trustees and other
management, and from our commercial knowledge and experience of the client's business sector-
we focused on specific laws and regulations whlch w8 considered may have a direct material effecl on the
financial statements or the operations of the charity, including the Charilies Act 2011;
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and Ihe team remained
alert to instances of non-compliance throughout the audit.
We ass8ssed the susceplibility of the charity's flnancial statèments to material misstatement, includlng obtaining an
understanding of how fraud might occur. by..
making enquiries of rnanagement as to where they considered there was susceplibility to fraud, their
knowledge of actual, suspected and alleged fraud,. and
considering the internal controls in place to mitigate risks of fraud and nonwcompliance with laws and
regulations.

THE LORD FARINGDON CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE LORD FARINGDON CHARITABLE TRUST
To address the risk of fraud through management bias and override of controls, we-.
performed analytical procedures to identlfy any unusual or unexpected relationships.,
tested joumal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining accounting estlmates were indlcative
of potential bias.. and
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, w6 designed procadures
which included, but were not limited lo:
agreeing financial statemant disclosures lo underlying supporting documentation.,
reading the minutès of meetings of those chargod with governance.,
enquiring of management as to aclual and polential litigation and claims., and
reviewing correspondence with HMRC and the company's lègal advisors.
There are inherent limitations in our audil procedures described above. The more removed that laws and
regulations are from financial transactions, Ihe less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit prO￿dureS required to identify non-compliance with laws and regulations to
enquiry ofthe trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due lo fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https'.11
www.frc.org.uklauditorsresponsibililies. This description forffts part of our auditor's report.
Use of our report
This report is made solely to the Charity's trustees, as a body, in accordance with part 4 of the Charities {Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that W6 might state lo the Charity's
Iruslees those mallers we are required to state to them in an auditors, report and for no olher purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility lo anyone other than the Charity and the
Charity's Irustees as a body, for our audit work, for this report, or for the opinions we have formed.
Critchloys Audit LLP
1918124
Chartered Accountants
Statutory Audltor
Beaver Hous6
23-38 Hythe Bridge Street
Oxford
OX12EP
Critchleys Audit LLP is eligible for appointmenl as auditor of the Charity by virtue of its eligibilily for appointment as
audilor of a company under section 1212 of the Companies Act 2006.

THE LORD FARINGDON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Current flnanclal year
Unrestrlcted Endowment
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Income from:
Investment incomo
287,028
287,028
289,390
anditure on:
Ralsing funds
9,118
9,118
11,953
Charitable activities
4&5
283,585
283,585
287,836
Total expendlture
292,703
292,703
299,789
Net losses on investments
{338,287) (338,287) (599,638}
Net outgoing resources before transfers
(5,675) {338,287) (343,9621 (610,037)
Gross transfers be￿een funds
4,718
{4,718)
Net movement In funds
(9571 (343,005) (343,962) {610,037}
Fund balancès at 6 April 2023
154,006 10,556,338 10,710,344 11,320,381
Fund balancos at 5 April 2024
153,049 10,213.333 10,366,382 10,710,344
Tha statement of financial activities includes all gains and losses récognised in the year.
The statement of financial a¢tivities includes all gains and losses r6cognis8d in the year. All income and expenditure
dérive from continuing activities.
The notes on pages 11 lo 21 form part of these financial stalements.

THE LORD FARINGDON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Prior financial year
Unrestricted Endowment
funds
funds
2023
2023
Total
2023
Noles
Income from:
Investment income
289,390
289,390
endlture on:
Raising funds
11,953
11,953
Charitable activilies
4&5
287,836
287,836
Total expendlture
299,789
299,789
Nèt loss on investments
(599,6381 (599,638)
Net outgolng resources before transfers
(10,3991 (599,638) (610,037)
Gross transfers between funds
5,072
(5,072)
Net movement In funds
{5,3271 1604.710) (610,037)
Fund balances at 6 April 2022
159,333 11,161,048 11,320,381
Fund balances at 5 April 2023
154,006 10,556,338 10,710,344

THE LORD FARINGDON CHARITABLE TRUST
BALANCE SHEET
AS AT 5APRIL 2024
2024
2023
Notes
Flxed assets
Investment property
Investmènts
10
11
375,000
9,813,333
376,000
10,181,338
10.188,333
10,556,338
Current assets
Debtors
Cash at bank and in hand
12
29,543
157,306
52,109
158.253
186,849
210,362
Creditors: amounts falling du9 wlthln
one year
13
(33,800)
(56,356)
Net current assets
153,049
154.006
Total assets less Current Ilabilltles
10,341,382
10,710,344
Capltal funds
Endowment funds - general
Income funds
Unrestricted funds
14
10,188,333
10,556,338
153,049
154,008
10,341.382
10,710,344
The notes on pag88 11 to 21 form part of these financi81 statements.
Thefi
ncial statements were approved by the Trustees on ..
Bernard Micha61 d8 Lerisson Cazenove
Trustee
10

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng policles
Charlty Informatlon
The Lord Faringdon Charitable Trust is an unlncorporated charity registered in England and Wales, Charity
Number 1084690.
Its registered office is: The Estate Office, Buscot Park, Faringdon, Oxfordshire SN7 8BU.
The charity is a public b&nefit entity.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the Charity's governing documenl, the
Charities Act 2011, FRS 102 "The Financial Reporting S18ndard applicable in the UK and Republic of Ireland"
{"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommonded
Practice applicable to charities preparing their accounts in accordance with lh8 Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021. (effective 1 January 2019). The Charity is a Public
Benefit Entity as defined by FRS 102,
Tho Charity has taken advantage of tha provisions in the SORP for charities 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 slatements are rounded to the nearest £.
The financial statements have been prepar8d under Ihe historical cost convention, modified to include the
revaluation of freehold properties and to include investment propert18s and certain financial instrumenls al fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the timo of approving the financial statements, the Trustees have a reasonable expectation that the Charity
has adequat8 resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial ststements.
1.3 Charitable funds
Unrestricted income funds comprls8 those funds which the Trustees are free to use for any purpose In
furtherance of th6 charitable objects.
Restricted funds are subject to specific conditions by donors or grantors as to how they may bg used. The
purposes and usos of the restricted funds are sel out in the notes to the financial statements.
As stated In the statutory Information, The Lord Faringdon Charitable Trust was formed trom the
amalgamation of The Lord Farlngdon (No 11 Charilable Trust and The Lord Faringdon (No 2} Charitable Trust.
61.25 % of the amalgamated assels vests in The Faringdon Colleclion Trust. 38.750/D of Ihè amalgamated
assets remain as a permanent endowment fund with The Lord Faringdon Charitable Trust. The income from
th8 endowment is wholly unrestricted and can be used for the gener81 purposes of the Trust.
1.4 Income
Income and endowments arè recognised once the charity has entitlement to the resources, it is certaln that
Ihe Income will be r6ceiv6d and the monetary value of income can be measured with sufficient r61iabilily.
11

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng pollcles
IContlnued}
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified
under headings Ihat aggregate all costs relating to that category.
Grants payable and donations are payments made to third parties in the furtherance of the charltable
objectives of the Trust. Single or multi year grants are accounted for when elther the recipient has a
reasonable axpectation that they will r8￿1Ve a grant and that the Trustees have agreed to pay Ihe grant
without condition, or the recipient has a reasonable expectation that they wlll receive a grant and any
condition attaching to the grant is outside of the control of the Trust.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was inGurr8d.
Allocation of support costs
Support costs have been allocated to the Charity's one activity.
Expendlture on ralsing funds
This consists of investment management fees and investmeni property costs.
Expenditure on charltable actlvlties
This includes grants and donations made and support costs as shown in Note 4. It also includes governance
costs.
Governance costs
Governance cosls comprise all costs involving the publiG accountability of the Charity and its compliance with
regulation and good practice. These costs include costs related to statutory audit and any legal fees.
1.6 Investment property
Investment property, which is property held to earn rentals andlor fr)r capital appreciation, is initially
recognised at C05t. which includes the purchase cost and any directly attributable expenditure. Subsequenlly
it is measured at fair value at Ihe reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.7 Fixed asset Investments
Fixed asset investments are initially measured at transaction pri￿ excluding transaction costs, and are
subsequently m6asured at fair value at each reporting date. Changes in fair value are recognised in net
incomellexp8nditurel for the yéar. TransaGtion costs are expensed as incurred.
Reallsed galns and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gain5 and
losses on investments are calculated as the differenc8 between sales proceeds and opening market value
{purchas8 date if later}. Unrealised gains and lossos are calculated as Ihe difference be￿een the market
value at the year end and opening market value lor purchase dale if later). Realised and unrealised gains are
not separated in the Ststement of Financial Activities, but are shown in nole 8 to the accounls.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
12-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policles
(Contlnued}
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
conlractual provisions of the inslrumenl.
Financial assets and liabilities are offset, with Ihe net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequenlly carried at amortised cost using the eff8Ctiv8
interest method unless the arrangement constitules a financing transaction, where the Iransaction is
measurèd at the present value of the future receipts discounted at a market rate of interest. Financial assets
dassified as r6c6ivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are inltially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted al a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at arnortised cost, using the effective interest rate Method.
Trade creditors are obligations lo pay for goods or services Ihat have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilitie5 if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortis8d cost using the 8ffective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabiliti8s are derecognised when the Charity's contractU81 obligations èxpire or are discharged or
cancelled.
1.10 Taxatlon
As a regislered charity the Trust is not liable to UK income tax.
Income from investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Rental income
Income from listed inv8Stm8nts
Interest receivable
20,100
239,097
27,831
20,100
255,129
14,161
287,028
289.390
13-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Ralslng funds
Unrestricted Unrestricted
funds
funds
2024
2023
Propèrty costs
4,450
6,971
Investment management fees
4,668
4,982
9,118
11,953
Grants payable
Donations and grants are made in pursuance of the charitable objectives of the Trust. No donations or granls
were made to individuals.
The total of charitablé donations for the year ended S April 2024 amounted to £256,800. The total of charitable
donations for the prior year ended 5 April 2023 amounled to £263,500. The individual donalions vary from
year to year and the Trustees do not consider the listing of individual donations as comparatives to b6 relevant
to the information given in these financial ststements.
The donations and grants during the year were as follows..
2024
28th Oxford Scoul Group
Abbeyfield (Reading) Society
African Mission
Alzheimerfs Society
Andrews Hedgehog Hospital
Anti-slavery International
Ashbury Church PCC
Ashmolean Museum
Aspire Oxford
Asthma Relief
Barn Owl Trust
Barnardo's
Blind Veterans UK (St Dunstan's)
Bowel Research UK
Brain Tumour Charity
Brighter Fulures
Care Home Volunteers
Charity Mentors
Charlie Waller Memorlal Trust
Child Brain Injury Trust
Citizens Advice Oxfordshire South
Clothing Solutions
500
1,500
1,000
5,000
1,000
2,000
1,000
5,000
1,000
2,500
1,000
2,500
1,000
1,500
1,000
2,500
1,000
2,000
1.000
500
2,000
2,000
Total carrlod forward
38,500
14-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
{Contlnued)
Total brought forward
38,500
Countryside Alllance
Crisis Skylight Oxford
DEMAND
Dementia UK
Dermatrust
Dressabilily
Emmaus
European Squirrel Initiative
Excellent Development
FAI UK Italian Héritage Trust
Fareshare South West
Fight Bladder Cancer
Future Trees
Game & Wildlife Conservation Trust
Great Western Air Ambulance
Greyhounds In Need
Hands On London
Happy Days
Helen & Douglas House
Helen Arkell Dyslexia Charity
Hotline Meals Seryice (London)
Huguenot Heritage Centre
Hydration Foundation
Injured Jockey's FLtnd
Inlernalional Spinal Research Trust
Kelmscott Church
Lechlade Library Lld
Leonard Cheshire Disability
Leprosy Mission
Libya Floods Appeal
Little Sisters of the Poor
Magic For Smiles
Manna Society
Marie Curie Cancer Care
Marine Society and Cadets
Mary Hare Foundation
Migraine Trust
Morocco Earthquake App6al
Molor Neurone Disease
Muscular Dystrophy UK
National Kidney Federation
National Maritime Museum
2,000
1,000
1,500
2.000
2,000
1.000
2,000
1.000
500
5,000
2,000
1,000
1,500
2.000
2.500
1.500
1,500
500
1,000
1,000
1,500
1,500
2,000
1.000
2,000
5,000
2,000
2,000
500
5,000
1,000
500
1,000
1,000
1,000
2,500
1,000
5,000
1,500
1,000
1,000
2,500
Total carrlod forward
112,500
15

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
{Continued}
Total brought forward
112.500
New Bridge Foundation
OCD Action
Orthopaedic Research UK
Oxford Botanic Garden & Arboretum
Oxford Churches Debt Centre
Oxford Food Hub
Oxford Playhouse
Oxford Symphony Orchestra
Oxfordshire Association for the Blind
Parkinson's Disease Society
Plum Unlimited
Practical Action Family ITDG
Prisoners Advice Service
Prospeot Hospice
Reed's School
Restore
Revilali5e
Royal Academy ofArts
Royal Agricultural Benevolent Institution
Royal Choral Society
Royal Forestry Society
Royal Horticultural Society
Royal Hospital Chelsea
Royal Opera House
Royal Veterinary College
Sage House, Dementia Support
Salvation Army
Sobell House Hospi
Spilalfields Crypt Trust
St Mary's Buscol PCC
St Mark's Hospital Foundation
St Michael & All Angels Church
St Mungo's
St. Gre90ry's Foundation
Sue Ryder Leckhampton Court
Tall Ships Youth Trust
Thames ValleyAirAmbulanc
The Big Issue Foundation
The Cinnamon Trust
The Fire Fighters Charity
The Gloucestershir8 Society
The Grange Festival
The Porch Day Centre
2,000
1,000
2,000
1,000
3,000
2,000
2,500
1,500
1,000
2,000
2,500
1,000
1,000
1,000
1,500
2,000
1,000
2,500
1,000
5,000
1,000
5,000
1,000
3,800
2,000
3,000
1,000
1.000
500
2.500
1,000
2.500
500
2,500
1,500
1,000
2,500
500
1,000
2,000
5,000
5,000
1,000
Total carrfed forward
195,800
16-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
(Continued)
Total brought forward
195,800
The Samaritans
The Smallpeice Trust
Toynbee Hall
Trax
Treloars Collego
Turtle KeyArts {Turtle Song)
Ukraine Appeal
Ulysses Trust
Wanlage Choral Society
Wantage Literary Festival
Wantage Silver Band
Wentworth Woodhouse prese￿allOn Trust
Willow Trust
Wilton's Music Hall
Wilts & Berks Canal Trust
Young Musicians Symphony Orchestra
1,500
1,000
1.000
1.000
3,500
3,000
5,000
5,000
500
500
1,000
25.000
2,000
2.500
1,000
7.500
256,800
Support costs allocated to activities
2024
2023
Administration costs and fees
Governance costs (audit fees)
20,185
6,600
19.950
4,386
26,785
24,336
Analysed botweèn:
Charitable activities
26,785
24.336
Not movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Fees payable for Ihe audit of Ihe charity's financial statements
6,600
4,386
17-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Trusteas
None of the Trustees lor any pérsons connected with them) received any remuneration or benefits from the
Charity during the year.
The Charity does not have any employees.
Net losses on investments
Endowment Endowment
funds
funds
general
general
2024
2023
Revaluation of investments
(338,287) (599,638)
Unrealised losses on revaluation of investments amounted to £270,224 {2023'. loss of £599,638). Realised
losses on disposal of investments amounted to £68,063 {2023= £Nill.
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Investment property
2024
Falr value
At 6 April 2023 and 5 April 2024
400,000
Investment property comprises the property al 27 High Street, Abingdon. The fair value of the investment
property has been arrivéd at on the basis of a valuation carried out at 23 July 2024 by Marriotts Propety LLP,
Chartered Surveyors, who are not connected with th8 Charity. The valuation was made on an open market
value basis by reference to market evidence of transaction prices for slmilar properties.
2024
2023
Freehold
400,000
375,000
18-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
11 Fixed asset invostmants
Listed
Invastmènts
Cash in
portfolio
Total
Cost or valuation
Al 6 April 2023
Additions
Unrealised loss on revaluation
Realised loss on disposal
Investment management fees paid
Disposals
9.403,196
1,259,357
{295,224}
(68,063}
778,142
{1,259,3571
10,181,338
(295.224)
{68.063}
{4,718)
{4,718)
989,143
(989,1431
At 5 April 2024
9,310,123
503,210
9.813,333
Carrying amount
Al 05 April 2024
9,310,123
503,210
9.813.333
Al 05 April 2023
9,403,196
778,142
10.181.338
Listed investments included above..
2024
2023
Listed investments carrying amount
9.310.123
9,403,196
12 Debtors
2024
2023
Amounts falling du8 wlthln ona yèar:
Trade debtors
Accrued investment income
Prèpayments
13,401
11,142
5,000
12,060
35,049
5.000
29,543
52,109
13 Credltors: amounts falling due wlthin one year
2024
2023
Trade creditors
Other creditors, inclLtding committed donations
Accruals and deferred income
251
25,750
7,799
50,750
5,606
33,800
56.356
19-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
14 Endowmentfunds
Endowment funds represént assets which must be held permanently by the Charity. Income arising on the
endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part of the fund.
At 6 Aprll
2023
Transfers
Gains and
losses
At 5 April
2024
Permanent endowments
10.556,338
(4,7181
{338,287} 10,213,333
Previous year:
At 6 Aprll
2022
Transfers
Gains and
lossos
At 5 Aprfl
2023
Permanent endowments
11.161,048
(5,072}
(599,638} 10,556,338
15 Unrestricted funds
The unreslricled funds of the charity comprise the unéxpended balances of donations and grants which ar
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 5 Aprll
2024
At 6 April
2023
Incoming
resources
Resources
expendèd
Transfers
General funds
154,006
287,028
{292,703}
4,718
153,049
Prnvlous year:
At 6 Aprll
2022
Incoming Resources
resources
expended
Transfers
At 5 April
2023
General funds
159,333
289,390
1299,789)
5,072
154,006
-20-

THE LORD FARINGDON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
16 Analy818 of net assets between funds
Unrestricted Endowment
funds
funds
2024
2024
Totsl Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Fund balances at 5
April 2024 are
represented by..
Investment proporties
Listed investments
Net current assets
400,000
9,813,333
400,000
9.813.333
153,049
375,000
375.000
10,181,338 10,181.338
154.006
153,049
154,006
153,049 10,213,333 10.366,382
154,006 10,556,338 10,710,344
17 Ralated party transactions
Transactions with related partl88
Safemove Property Management Limited, of which the truste6 J H Henderson is a shareholder, charged an
administration fee for rental services of £4,020 {2023'. £4.020} to the Charity. £20,100 (2023= £20,100) was
received in rent by the Charity and at the year end there was a sales 16dg6r balance of £13,400 (2023:
£12,060}.
F&H Estate Management Company Limited (F&HEMCO) is owned by James Henderson, Trustee, and his two
brothers. During the year F&HEMCO charged the Charity a managem8nt fée of £20,000 {2023'. £19,800) to
COV6r the cost of all administration work relating to the Charity. No amounts were owed to F&HEMCO at the
year end (2023= £Nill.
J H Henderson is the investment manager of three publicly quoted investrnent Trusts in which the Charity has
holdings Wlth a market value of £3,431,343 {2023= £3,499,005), representing 37°A 12023.. 370/¢l of the
Charity's portfolio.
The Charity paid donations of £5,000 to The Ulysses Trust12023'. £5,000) and £1,500 to the Hugenol Heritage
Centre12023.' £1,000}. Bernard Michael de Lerisson Cazenove is a truslee of the Hugenot Heritage Centre
and an advisory officer lo The Ulysses Trust.
21