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← The Lord Faringdon Charitable Trust

2025-04-05-accounts

Charity registration number 1084690 (England and Wales)

THE LORD FARINGDON CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

THE LORD FARINGDON CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees B MdeL
Cazenove
The Hon. J
H Henderson
The Hon. Mrs S J Maitland-Robinson
EA Cottrell
Secretary S Lander
Charity number 1084690
Registered office The Estate Office
Buscot Park
Faringdon
Oxfordshire
SN7 8BU
Auditor Gravita Audit Oxford LLP
First Floor, Park Central
40-41 Park End Street
Oxford
OX1 1JD
Bankers LloydsTSB Bank plc
8 Market Place
Faringdon
SN7 7HN
Investment advisors Cazenove Capital
1 London Wall Place
London
EC2Y5AU

THE LORD FARINGDON CHARITABLE TRUST

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||||| |---|---|---|---| |CONTENTS| |ammm| |Page| |Chairman's|statement|1| |Trustees'|report|2-3| |Statement|of Trustees’|responsibilities|4| |Independent|auditor's|report|5-7| |Statement|of financial|activities|8-9| |Balance|sheet|10| |Notes|to the financial|statements|11-22|

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THE LORD FARINGDON CHARITABLE TRUST

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 5 APRIL 2025

Over the past twelve months the Trustees have granted 145 varied organisations £264,570 (2024 £256,800) out of a gross income of £347,000 leaving £37,000 surplus after all support costs (£35,000).

The rise in income is explained mostly by our investment decision to increase the funds liquidity (18.0%) in these uncertain times, and cash attracted deposit interest of between 4% and 4.5% during the period. The overall rate of return on this fund for the 12 months is +2.8% and the value of the fund increased by £735,000 (24.6.25) since the year end.

Markets and politics still remain unpredictable and although there are historically attractive equity opportunities for investment we are currently waiting on the side-lines until we can see more clearly the prospects for rising corporate earnings and dividends.

In the short term we are certain inflation still remains a problem, as are national balance sheets.

B M de L Cazenove

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Chairman i{ y
Date: anche fae ,
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THE LORD FARINGDON CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025 aaaa The Trustees present their annual report and financial statements for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements 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 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

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 treatment for the sick ° Purchase of antiques and artistic objects for museums and collections to which the public has access ° Care and assistance of the aged and infirm ° Development and assistance of Arts and Sciences, 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 have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance During the year ended 5 April 2025 grants were given to 145 organisations (2024: 123 organisations) totalling £264,569 (2024: £256,800).

Investment policy 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 income, in a diversified international portfolio of equities with the expectation that this will lead to a satisfactory overall (total) rate of return for the Fund.

In the year to 5 April 2025, the overall (total) rate of return on the Portfolio was 2.8% (2024: -0.2%).

Financial review Investment and rental income for the year amounted to £347,214, an increase of £60,186 over the prior year. The cost of charitable activities amounted to £299,444 , an increase of £15,859 over the prior year. After other costs have been taken into account, there were net incoming resources of £37,075 (2024: net outgoing resources of £5,675). Losses of £435,886 on revaluation of listed investments and property within the endowment have created a net decrease in funds of £398,811 (2024: decrease of £343,962).

Reserves policy

The Charity has no employees and no long term commitments. In the light of this the Trustees consider that there is no need to maintain a level of free reserves, and the unrestricted funds will be spent on further donations in due course.

The Charity manages its annual expenditure against its annual income as required. Any capital growth is treated as inflation protection to the real value of the permanent endowment. Reserves at 5 April 2025 amounted to £9,967,571 of which £194,787 were unrestricted income funds and £9,772,784 were endowment funds.

Plans for future periods The Trust will continue to aim to distribute its annual income, by way of grants, to worthy causes in accordance with its objects.

cagnl 9 -

THE LORD FARINGDON CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Structure, governance and management

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. 237974). For future reference the assets and accumulated income of The Lord Faringdon (No 1) Charitable Trust representing 62.15% of the amalgamated assets (fund A) vest in The Faringdon Collection Trust (Reg. No 203770); the assets of The Lord Faringdon (No 2) Charitable Trust (fund B) representing 38.75% of the total amalgamated assets, remain a permanent endowment.

The Trust is managed by a Board of Trustees.

The Trustees who served during the year and up to the date of signature of the financial statements were: B M de L Cazenove

The Hon. J H Henderson

The Hon. Mrs S J Maitland-Robinson

EA Cottrell

The Trustees meet formally once a year when they agree the broad strategy and areas of activity for the Trust, 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 trustees is carried out by the secretary. The Trustees keep their skill requirements under review and, in the event that 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.

Risk management

The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

Public Benefit

The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission. The public benefit of the 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 information on the specific purpose and expected beneficiaries of the grant. This information helps the Charity assess how its programme of discretionary grant-making achieves a spread of benefit.

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Lal report was approved by the Board of Trustees.
BMdeL ote)
Chairman
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Date: ccna [U[Z025°

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THE LORD FARINGDON CHARITABLE TRUST

STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025

I

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires 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 preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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THE LORD FARINGDON CHARITABLE TRUST

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 2025 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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:

Basis for opinion

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 going concern

In auditing the financial statements, we have concluded that the Trustees' 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 Trustees 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 Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements 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 the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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THE LORD FARINGDON CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LORD FARINGDON CHARITABLE TRUST gv Pn

Responsibilities of Trustees As explained more fully in the statement 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 internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether 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 operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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THE LORD FARINGDON CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LORD FARINGDON CHARITABLE TRUST e S eee eee ee aaa nee

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

° enquiring of management as to actual and potential litigation and claims; and

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to 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:// www.frc.org.uk/auditorsresponsibilities. This description forms 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 we might state to the Charity's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Gravita Audit Oxford LLP, Statutory Auditor

Chartered Accountants First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Date: ZY M42

Gravita Audit Oxford LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

es

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THE LORD FARINGDON CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2025

aToo

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|||||||| |---|---|---|---|---|---|---| |Current financial year|Unrestricted|Endowment|Total|Total| |funds|funds| |2025|2025|2025|2024| |Notes|£|£|£|£| |Income|from:| |Investment income|3|347,214|-|347,214|287,028| |Expenditure|on:| |Raising funds|4|10,695|-|10,695|9,118| |Charitable|activities|5&5|299,444|-|299,444|283,585| |Total expenditure|310,139|-|310,139|292,703| |Net losses on|investments|9|-|(435,886)|(435,886)|(338,287)| |Net incoming/(outgoing) resources before transfers|37,075|(435,886)|(398,811)|(343,962)| |Gross|transfers|between funds|4,663|(4,663)|-|-| |Net movement|in funds|41,738|(440,549)|(398,811)|(343,962)| |Fund|balances|at 6 April 2024|153,049|10,213,333|10,366,382|10,710,344| |Fund|balances at 5 April 2025|194,787|9,772,784|9,967,571|10,366,382|

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The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 11 to 22 form part of these financial statements.

TT -8-

THE LORD FARINGDON CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

aeee

Prior financial year

Prior financialfinancial year
Unrestricted Endowment Total
funds funds
2024 2024 2024
Notes £ £ £
Income from:
Investment income 3 287,028 - 287,028
Expenditure on:
Raising funds 4 9,118 - 9,118
Charitable activities 5&5 283,585 - 283,585
Total expenditure 292,703 - 292,703
Net loss on investments 9 - (338,287) (338,287)
Net outgoing resources beforetransfers (5,675) (338,287) (343,962)
Gross transfers between funds 4,718 (4,718) -
Netmovement infunds (957) (343,005) (343,962)
Fund balances at 6April 2023 154,006 10,556,338 10,710,344
Fundbalancesat5April2024 153,049 10,213,333 10,366,382

eee

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THE LORD FARINGDON CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

AS AT 5 APRILAT 5 APRIL5 APRILAPRIL 2025 AS AT 5 APRILAT 5 APRIL5 APRILAPRIL 2025 AS AT 5 APRILAT 5 APRIL5 APRILAPRIL 2025 AS AT 5 APRILAT 5 APRIL5 APRILAPRIL 2025 AS AT 5 APRILAT 5 APRIL5 APRILAPRIL 2025
a
SsSs0
2025 2024
Notes £ £ £
£
Fixed assets
Investmentproperty
Investments		 11
12		 400,000
9,372,784		 400,000
9,813,333
9,772,784 10,213,333
Current assets
Debtors
Cash atbankand in hand		 13 45,056
159,265		 29,543
157,306
204,321 186,849
Creditors: amounts falling due within
oneyear		 14 (9,534) (33,800)
Netcurrent assets 194,787 153,049
Total assets less current liabilities 9,967,571 10,366,382
Capital funds
Endowmentfunds -general		 15 9,772,784 10,213,333
Income funds
Unrestricted funds		 194,787 153,049
9,967,571 10,366,382

The notes on pages 11 to 22 form part of these financial statements.

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TheL/ oo. were approved by the Trustees on nfs.
BMdeL—
Trustee
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aOi. -10-

THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Charity information

The Lord Faringdon Charitable Trust is an unincorporated 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 benefit entity.

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” ("FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the 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 statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

14.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate 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 statements.

1.3 Charitable funds Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

As stated in the statutory information, The Lord Faringdon Charitable Trust was formed from the amalgamation of The Lord Faringdon (No 1) Charitable Trust and The Lord Faringdon (No 2) Charitable Trust. 61.25% of the amalgamated assets vests in The Faringdon Collection Trust. 38.75% of the amalgamated assets remain as a permanent endowment fund with The Lord Faringdon Charitable Trust. The income from the endowment is wholly unrestricted and can be used for the general purposes of the Trust.

1.4 Income income and endowments are recognised once the charity has entitlement to the resources, it is certain that the income will be received and the monetary value of income can be measured with sufficient reliability. The charity receives the majority of its income from dividends from listed investments. They also receive rental income and interest.

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THE LORD FARINGDON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

a 1Accounting policies (Continued)

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 that aggregate all costs relating to that category.

Grants payable and donations are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and that the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will 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 incurred.

Allocation of support costs Support costs have been allocated to the Charity’s one activity.

Expenditure on raising funds This consists of investment management fees and investment property costs.

Expenditure on charitable activities This includes grants and donations made and support costs as shown in Note 4. It also includes governance costs.

Governance costs Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and any legal fees.

Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Realised and unrealised gains are not separated in the Statement of Financial Activities, but are shown in note 8 to the accounts.

a -12-

THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

(Continued)

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual 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 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 at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially 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 at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities 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 amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

As a registered charity the Trust is not liable to UK income tax.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The 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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

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2 Critical accounting estimates and judgements

(Continued)

Investment portfolio

The Trustee's rely on the investment reports provided by Cazenove Capital for the investment revaluation in the accounts. At 5 April 2025 the value of the Charity's investment portfolio was £9,372,784 (2024: £9,813,333). The investments are valued using fair value using quoted market prices. The trustees review the investment portfolio regularly for changes in market conditions or other factors that may affect the fair value.

3 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Rental income
Incomefrom listed investments
Interest receivable		 20,100
287,482
39,632		 20,100
239,097
27,831
347,214 287,028

4 Raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Property costs 6,082 4,450
Investmentmanagementfees 4,613 4,668
10,695 9,118

5 Grants payable

Donations and grants are made in pursuance of the charitable objectives of the Trust. No donations or grants were made to individuals.

The total of charitable donations for the year ended 5 April 2025 amounted to £264,570. The total of charitable donations for the prior year ended 5 April 2024 amounted to £256,800. The individual donations vary from year to year and the Trustees do not consider the listing of individual donations as comparatives to be relevant to the information given in these financial statements.

I_ I aoa -14-

THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

5 Grants payable

(Continued)

The donations and grants during the yearwere as follows:
2025
£
Abbeyfield Wey Valley Society 1,500
African Mission 1,000
Agnes SmithAdvice Centre 2,500
AirAmbulance Thames Valley 2,500
Alzheimer's Society 5,000
Andrew's Hedgehog Hospital 1,000
Anti-Slavery International 2,000
Ashmolean Museum 5,000
Aspire Oxford 1,000
Asthma Relief 2,500
Barn Owl Trust 1,000
Barnardo's 2,500
Big Issue Changing Lives CICC 500
Blind Veterans UK (St Dunstan's) 1,000
Borneo Orangutan Survival UK 1,000
Bowel Research UK 1,500
Bridewell Organic GDNS 500
Brighter Futures 2,500
British Red Cross 5,000
British Skin Foundation 2,000
Bromley House Library 3,000
Cancer& Picses Trust 1,000
Chalke Valley History Trust 3,000
Charity Mentors 2,000
Charlie Waller Memorial Trust 1,000
CitizensAdvice Oxfordshire South & Vale 2,000
Clean Rivers Trust 1,000
Clothing Solution 2,000
Connection Support 1,000
Cotswold Riding forthe Disabled Associaton 1,000
CountrysideAlliance 2,000
Crisis Skylight Oxford 1,000
Dementia UK 2,000
Design & Manufacture/Disabilities 1,500
Dogs forGood 1,000
Down Ampney Church 1,000
Ecological Continuity Trust 500
Emmaus 2,000
Endangered Species ProtectionAgency 2,000
Engineering DevelopmentTrust 1,000
European Squirrel Initiative 1,000
FAI UK Italian Heritage Trust 5,000
Fareshare South West 2,000
Faringdon Collection Trust 6,480
FightBladderCancer 1,000

Total carried forward

87,980

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THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

IIam9890 5 Grants payable (Continued)

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|||||| |---|---|---|---|---| |Grants payable|(Continued)| |£| |Total|brought forward|87,980| |Fine|Cell Work|1,000| |Fire|Fighters Charity|2,000| |Focus Support &|Information|Centre|2,500| |Future Trees|1,500| |Game &|Wildlife Conservation Trust|2,000| |Great Western Air Ambulance|2,500| |Greyhounds|in|Need|1,500500| |Happy|Days| |Helen & Douglas|House|1,000| |Helen Arkell|Dyslexia|Charity|1,000| |Hotline|Meals Service (London)|1,500| |Hugenot|Heritage|Centre|1,500| |Ignite|Life|1,000| |Injured Jockeys Fund|1,000| |International|Spinal|Research Trust|2,000| |Langford|Cricket|Club|500| |Leonard|Cheshire|Disability|2,000| |Leprosy Mission|500| |Magic For Smiles|500| |Marie Curie Cancer Care|1,000| |Mary Hare|Foundation|2,500| |Maymessy CIC|500| |Medical|Detection|Dogs|1,000| |Meningitis Now|1,000| |Migraine Trust|4,000| |Motor Neurone|Disease|1,500| |Muscular Dystrophy UK|1,000| |MyVision|- Oxon Association|For The|Blind|1,000| |National|Kidney|Federation|1,000| |New Bridge|Foundation|2,000| |Newbury Community Resource|Centre|1,000| |Nimrud Archaelogical|Trust|2,000| |OCD Action|1,000| |Orthopaedic|Research UK|2,000| |Oxford|Botanic Garden & Arboretum|1,000| |Oxford|Churches|Debt Centre|3,000| |Oxford|Food Bank|1,000| |Oxford|Head|Injury|Services|1,000| |Oxford|Playhouse|2,500| |Oxford|Symphony Orchestra|1,500| |Parkinson's|Disease Society|:|2,000| |Pennyhooks|Farm Trust|1,000| |Plum|Unlimited|2,500| |Practical Action|4,000| |Prisoners Advice|Service|1,000|

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Total carried forward 150,980 a 16-

THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

pi

5 Grants payable

Grants payable (Continued)
£
Total brought forward 150,980
Prospect Hospice 1,000
Reed's School 1,500
Restore 2,000
Revitalise 1,000
RoyalAcademyofArts 2,500
RoyalAgricultural Benevolent Institution 1,000
Royal Choral Society 5,000
Royal Forestry Society 1,000
Royal Horticultural Society 5,000
Royal Hospital Chelsea 1,000
Royal Opera House Foundation 3,800
Royal School of Needlework 500
Royal Veterinary College 2,000
Sage House, Dementia Support 3,000
SalvationArmy 1,000
SaveThe Children 5,000
Sobell House Hospice 1,000
Society For Protection ofAncient Buildings 1,000
Sofa Project Ltd 1,000
Spitalfields Music 1,000
St John'sAmbulance 1,000
St John's Hospice 1,000
St Kenelm's Church Minster Lovell 1,000
St Mary's Church, Buscot 12,290
St Mungo's 1,000
Sue RyderSouth Oxfordshire 1,500
Sunningwell School of Art 500
Tall ShipsYouth Trust 1,000
The BrainTumour Charity 1,000
The Cinnamon Trust 1,000
The ClementJames Centre 1,000
The Felix Project 5,000
The Flowers Band 1,000
The Grange Festival 5,000
The Griffin Institute 1,500
The Hydration Foundation 2,000
The Marine Society
& Sea Cadet		 1,000
The Place 3,000
The Porch Day Centre 1,000
Toynbee Hall 1,000
Trailblazers Mentoring Limited 1,500
TreloarTrus 5,000
Turtle KeyArts 3,000
UK Electronics Skills Foundation 2,500
UlyssesTrust 5,000

Total carried forward

251,070

eee

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THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

==> picture [466 x 205] intentionally omitted <==

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|||||| |---|---|---|---|---| |TT| |5|Grants payable|(Continued)| |Total|brought forward|251,070| |Vale & Download Museum|1,000| |Wantage Choral Society|500| |Wantage|Literary|Festival|500| |Wantage Silver Band|1,000| |Wilton's|Music|Hall| |Witney|1,000| |York|Ringing Society|1,000| |Foundation|for Conservation|and|Craftsmanship|1,000| |Young|Musicians Symphony Orchestra|7,500| |264,569|

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6 Support costs allocated to activities

==> picture [469 x 201] intentionally omitted <==

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|||||| |---|---|---|---|---| |2025|2024| |£|£| |Administration|costs and fees|27,614|20,186| |Governance|costs|(audit fees)|7,260|6,600| |34,874|26,786| |Analysed|between:| |Charitable|activities|34,874|26,786| |7|Net movement|in funds|2025|2024| |The|£|£| |net movement|in funds|is|stated|after charging/(crediting):| |Fees|payable for the audit of the|charity's financial statements|7,260|6,600|

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None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

The Charity does not have any employees.

==> picture [471 x 93] intentionally omitted <==

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|||| |---|---|---| |Endowment|Endowment| |funds|funds| |general|general| |2025|2024| |£|£| |Revaluation of investments|(435,886)|(338,287)| |TTTIII —|

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THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

9 Net losses on investments

(Continued)

Unrealised losses on revaluation of investments amounted to £599,204 (2024: £270,224). This also includes stamp duty re-imbursement of £2,502 (2024: Nil). Realised gains on disposal of investments amounted to £160,816 (2024 loss: £68,063).

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

41 Investment property 2025
£
Fair value 400,000
At6April2024and5April2025

Investment property comprises the property at 27 High Street, Abingdon. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 23 July 2024 by Marriotts Property LLP, Chartered Surveyors, who are not connected with the Charity. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

2025 2024
£ £
400,000 400,000
Freehold

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| THE LORD FARINGDON CHARITABLE TRUST | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

12 Fixed asset investments

==> picture [1 x 1] intentionally omitted <==

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|
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Cost or valuation Listed
investments
£		 Cash in
portfolio		 Total
£
At 6April 2024
Additions
Unrealised
lossonrevaluation
Realisedlossondisposal
Investmentmanagement fees paid
Disposals		 9,310,123
453,865
(599,205)
160,816
-
(1,739,330)		 503,210
(453,865)
2,503
-
(4,663)
1,739,330		 9,813,333
-
(596,702)
160,816
(4,663)
-
At 5April 2025
7,586,269 1,786,515 9,372,784
Carrying amount
At 05April 2025
7,586,269 1,786,515 9,372,784
At 05April 2024
9,310,123 503,210 9,813,333
Listedinvestmentsincludedabove: 2025 2024
£ £
Listedinvestments carryingamount 7,586,269 9,310,123
13 Debtors
Amounts
fallingduewithinoneyear:		 2025
£		 2024
£
Trade debtors
Accrued
investmentincome
Prepayments		 741
39,315		 13,401
11,142
5,000 5,000
45,056 29,543
14 Creditors: amountsfallingduewithinoneyear
2025 2024
£ £
Trade creditors
Other
creditors, includingcommitteddonations
Accrualsand deferred income		 324
750		 251
25,750
8,460 7,799
9,534 33,800

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THE LORD FARINGDON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

45 Endowment funds Endowment funds represent 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.

==> picture [447 x 172] intentionally omitted <==

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||||||| |---|---|---|---|---|---| |At 6 April|Transfers|Gains and|At 5 April| |2024|losses|2025| |£|£|£|£| |Permanent endowments|10,213,333|(4,663)|(435,886)|9,772,784| |At 6 April|Transfers|Gains and|At 5 April| |Previous|year:|2023£|£|losses£|2024£| |Permanent endowments|10,556,338|(4,718)|(338,287)|40,213,333|

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==> picture [474 x 196] intentionally omitted <==

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||||||| |---|---|---|---|---|---| |46|Unrestricted funds| |The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are| |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 6 April|Incoming|Resources|Transfers|At 5 April| |2024|resources|expended|2025| |£|£|£|£|£| |General funds|453,049|347,214|(310,139)|4,663|194,787| |Previous year:|At 6 April2023|resourcesIncoming|Resourcesexpended|Transfers|At 5 April2024| |£|£|£|£|£| |General funds|454,006|287,028|(292,703)|4,718|453,049|

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a21<

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THE LORD FARINGDON CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

17 Analysis of net assets between funds

Fund balances at 5
April 2025 are		 Unrestricted
funds
2025
£		 Endowment
funds
2025
£		 TotalUnrestricted
2025
£		 Unrestricted
funds
2024
£		 Endowment
funds
2024
£		 Total
2024
£
represented by:
Investmentproperties
Listed investments
Net
currentassets		 .
-
194,787		 400,000
9,372,784
-		 400,000
9,372,784
194,787		 -
-
153,049		 400,000
9,813,333
-		 400,000
9,813,333
153,049
194,787 9,772,784 9,967,571 153,049 10,213,333 10,366,382

Safemove Property Management Limited, of which the trustee J H Henderson is a shareholder, charged an administration fee for rental services of £4,020 (2024: £4,020) to the Charity. £20,100 (2024: £20,100) was received in rent by the Charity and at the year end there was a sales ledger balance of £740 (2024: £13,400). 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 Management fee of £20,000 (2024: £20,000) to year end (2024: £Nil), cover the cost of all administration work relating to the Charity. No amounts were owed to FRHEMCO at the Charity'sJH Hendersonportfolio.is the investment manager of three publicly quoted investment Trusts in which the Charity has holdings with a market value of £2,765,145 (2024: £3,431,343), representing 36% (2024: 37%) of the The Charity paid donations of £5,000 to The Ulysses Trust (2024: £5,000) and £1 ,900 to the Hugenot Heritage andCentre an advisory(2024: £1,500).officer toBernard The Ulysses MichaelTrust, de Lerisson Cazenove is a trustee of the Hugenot Heritage Centre

-22.