REGISTERED CHARITY NUMBER.. 1097359
The Gledswood Charltable Trust
R*port of thg Tru$tètis and
Unaudited Financial 5tsttrment$
rthey
Ended 5th A

The Gledswood Charftabl8 Trust
Contents of the Flnancial Statemerrts
for the
ear ended 5_th_-April 2024
Page
Referèncè and admlnlstratlve detalls
Raport of the trustees
2 to 3
Independent examln•V$ report
Statement of financial a¢tivitios
Balance sheet
Notss to the financlèl statements
7 to 11
Detailed statement of financial a¢tivitles
12

Tha G￿dSwood Charitablg.Trus.I
Reference and Administrative Details
for the
Éar ènded 5th Ap.rll 2024
Trustees
Lord Portarfington {de¢ea$ed 61101241
Lady Portarlinglon
Lady M D Dawson-D8m8r
Princlpal address
Yuills Ltd
104 Park Street
London
W1K6NF
Regl$tered ¢harlty number
1097359
Ind•p¢ndent examiner
Renniè Welch LLP
Academy House
Shedden Park Road
Kel
Roxburghshiro
TD5 7AL
Bankers
Coutts & Co
440 Strand
London
WC2R OQS
Investment managers
Rossie House Investment Management
Forgandenny
Perth
PH2 9EH
Page 1

Th• Gl•dswood Charitable Trust
Re
ort ol th_è Trustees
tQLlh•￿ear ended_5.th_￿T￿l 2024
The Iruslees present their report with the financial statemonts of the charity for the year ended 5th Aprfl 2024.
The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement ol
Recommended Praclice applicable lo ¢h8ritios preparing their accounts in accordance wlh ihe Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} leffective 1 January 2019}.
ObJedv•s and activities
Objectives and aims
The objectives Of the Trust are lo benefit any purposes, objects and institutions that are charitable in law.
The objectiV0s for the year are shaped by thes8 strategic aims with a view to dislribuling grants and donations
lo help support other charitable organislaions.
Achlevement and perfomianee
ChaTitsbl¢ aetlvltles
The rnain source of income for the Trust Is from investments held.
Income raised during the year from investments and interest amounted to £84,917 {2023 - £87,167). The
Trust donated a total of £46,800 12023 £74,600} lo ¢h&ritable organisalions, which is very wmmgndable,
and il is hoped that this level of gfanl aid can be maintained in the future. A previous year dona*'on of £1.000
has never been cashed by the recipient. and as 8 result has been written off against this yearfs donations lo
leave £45,800 in the account5.
The following charitable gr8nls were made during the year..
ApartofM8
Gel Set Gids
Whal8 Arts
GL11 Community Hub
Fife Carers Centre
Demand
Roy Casle Lung Cancèr Foundation
The Sequ31 Trust
Jigsaw South East
Bels Brucha
Tools 4 Teens
Cri¢klewood Library
The Pituitary Foundation
Physio Net
Encephalits's Society
Children Ahead
Alice House Hospice
UK Youth
Madè by S¢ollané's Bravest
Freya Foundation
Timeout Group
Bridgend Centre
Young Enterprise
1,000
Dyspraxia Foundation
1.000
UK Reads
1.000
Hospice in the Weald
1,000
Oakfield Community
1,000 Feuor Yotjth Club
1,000 YMCA Downslink Group
1,000
N8lional Fed. ol the Blind UK
1,000
Young People Versus Arthritis
1,600
Willow Foundation
1,000 Challengers
1,500
Pelvic Radiation Disease Ass￿.
1,000
Inspire a Teen
1,000
Bishop Creighlon House
1,000
Dementia Support
1,500 Breast Cancèr Now
1,500 RAW Workshop
2,000 Little Stars
1.000
Rowan Alba
1,000
Wigan & Leigh Hospice
soo
Target Ovarian Cancer
1,000
Spark
1,000
Moorfield Eye F4ospital Charity
1,000
Clothing SolLslions
1,000
1,aOD
1,000
1,000
1,000
1,QOO
1,000
500
1,000
500
1.000
700
500
1.000
1,000
2,000
1.000
1.000
1.000
500
1,000
1,000
500
Flnanclal review
Review of the porlod
The nel surplus of unre5tricled income over unreslricled expenditure for the charity for the year, after
deducting grants paid out ol income of £45,800, was £36,969 12023 - sijrplus ot income over expenditure of
£10,224) and this is added to the unreslricled incoffle fund from which future grants can be paid. The total of
the unre51ricled inwme fund at 5th Aprib 2024 was £68,99612023- £32,027).
Unrealised capital gains lotalled £1.061,261 at 5th April 202412023-. £1,029.9351.
Page 2

The Gledsw¢od Chi¥ila.b.te_Tiwl
Report of the Tyustees
for the
ear ended 5th Ap_ril 2024
Financial review
R•sèrv•s pollcy
The trustees aim to maintain reserves in unrestricted funds al a level which adequately covers charitabl
expenditure. The trustees ¢onsider that this level will Provide sufficient funds lo respond to applications for
grants and ensure that there are SuffiC￿nt funds to cover support and govemance costs.
Future plans
The trustees intend to contintje providing grants in a similar way lo the recent p3s1 while retaining flexibility as
lo the liming and scale of grants.
Structure. governance and management
Governing doGumoDt
The charity was establishèd under 8 Deed of Trust daled 2nd April 2003, which f( is govemed by, with the
principal objectivos and purposes as are ex¢lu$ively charitable under the law of England and Wales. The
trustees must use the inwrne and may use Ihe Capital of the trusl in promoling these objectives.
The Trust Deed provides for a minimum of three and a maximum of five trLtslees. Trustees may be appointed
tor life or such terms of office as may be decided by the trustees. During the lifetime of Lady Portadinglon the
power of appointing new trustees is vested in her.
RS$k manag•m8nt
Thg trustees have reviewed the major risks lo which the charity is exposed and systems have been
&stablished to mrtlgale those risks.
Investrnent Poll¢y
The Trustees, investment policy is io maximise k)ng temi total retum, taking income and caprtal galns
togolher without undue risk.
statement of trustso5' respon$ibilittes
The trustees are wponsible for p￿paring the Report of the trustees and the finan¢HI sts18ments In
accordanc& wlth #p￿ICable law and United Kingdom Accounbng Stand8rds (United Kingdom Generally
Accepted Accounting PraGtice} induding Financial Report£ng Standard 102 Yhe Fir)8ncAal Reporting Standard
applicable in the UK and Republic of Ireland..
Th6 law applicable to charities in England and Wales. the Charities Act 2011. Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trust deed requires the Iruslees lo prepare finan¢i81 slaternents for
each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming
resources and application of resources. IllGluding the in¢Dme and expenditure, of the charity for that petiod. In
preparfng those financial ststements. the trust￿ are required to
5eled suitable accounling policies and then apply them consistently..
observe the rnelhods and principles in the Charity SORP,.
make judgements and eslimales that ar& reasonabl& and prudent.,
prepare the financial slalemonts on tha going (x)n¢em basis unl£&s ti is inappropriate to presume that the
charily will continue in business.
The trustees a￿ responsible for keeping proper accounting rec4)rds which disclose wlh reasonable accuracy
al any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Ad 2011. the Charity IAc¢ounis and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safrgUa￿ing the assets of the Charity and hence for taking
reasonable steps for the p￿vention and detection offraud and other wregularities.
Approved by order of the board of
rustees on 20th December 2024 and signed on its beha￿ by..
Lady M D Dawson-Damer- Trustee
Page 3

Inde
endent.Examinerf$ Rèp.ort to the Tru
Thè Gledswood Charitable Trust
tees of
Indopendent examinerf$ r&port to th8 trustoes of The Gled$wood Charltable Trust
I report lo the charity IrusleBs on my examination of the accounts of The Gledswood Charitable Trust Ilhe
Trust) for the year ended 5th April 2024.
Respgnsibilltles and basls of report
As the ch8rity trustees of the Trust you are responsible for the prepar8tion ol the accounts in accordan￿ with
the requirements of the Charities Act 2011 Cthe Act'i.
l ￿pOrt in respect of my examination of the Trusys accounts carried out under Se¢tion 145 of the Act and in
carrying out my examination I have foll¢)wed all applicable Directions given by the Charity Commission under
Section 14515llbl of the Act.
Independent examlneVs statement
I have cornpleled my examination. I confirm that no material matters have come lo my attention in connection
th the examination giving me cause lo believe that in any material respect..
accounting records wère not kept in respect of thg Trust as ￿quired by Section 130 oflhe Act., or
the accounts do not accord with those ￿cords. or
the accounts do not comply with the applicable requirements conGeming the form and content of
4¢¢ounts set out in the Charities IAcGounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair wew which 15 not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attentDn should be drawn in this repx)rt in order to enable a proper understanLling of ihe accounts lo bo
reached.
Main Drummond
Rennre Welch LLP
Acaderny House
Shedden Park Road
Kels0
Roxburghshi
TD5 7AL
20th Decembor 2024
Page 4

Th? Glèdswaod Charitablè Trust
Statement Df Financial Activities
2024
Total
funds
2023
Total
funds
Unrestricted Rèstrictsd
fund
fund
Notes
In¢omo #nd endowments from
Investment 5ncome
84,917
84,917
87,167
Expenditure on
Charitable activities
Grants awarded
Govemance costs
45.800
2.148
45.800
16.924
74.600
17,155
14,776
Totsj
47,948
14,776
62,724
91,755
Nel gainslllosses} on investments
31,326
31.326
1775.7381
NET INCOMEIIEXPENDITURE)
36.969
16,550
53.519
1180,3261
Recon¢lll•tion of funds
Total funds brovght forward
32.027
2,957.524
2,989,551
3,169,877
Total funds carried fonvard
68.996
2.974.074
3,043,070
2.989,551
The notes form part of these financial statèments
Page 5

Tho Gledswood Ch3ritabl¢ Trust
Balance Sheet
5th April 2Q
2024
2023
Notes
Fixèd assets
Investmenis
2,917,832
2,886.506
Current asset$
DebloTS
Cash at bank
2,311
129,600
2,336
107,366
131.911
109,702
Creditors
Amounts falling due within one year
16,6731
{6.657)
Net current assets
125,238
103,045
Totsl assèts le$$ ¢urrent Ilabllifj¢s
3,043,070
2,989,551
NET ASSETS
3,043,070
2.989,551
Fund$
un￿strICted funds:
In¢ome Fund
Restricted funds..
Capital Fund
68,996
32,027
2,974,074
2,957,524
Total fLTrnds
3,043,070
2,989,551
The financial slalements We￿ approved by the Board of Tnjstees and aulhorised for issue on
20th December 2024 and were signed Dn its behalf by..
La¢Jy M D Oawson-Damer- Twslpe
The notes form part ofthese financial statements
Page 6

The G_feds￿O￿QhOrl
Note5 to the Flnancial Statements
for the
ear ended 5th A
ril 2024
Accounting policies
B8s1s of PTeparlng the financial statements
The financial slalements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charib'es:
Statement of Recommended Practice applicable to charities Dreparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021
(effective 1 January 2019}', Financial Reporting St8nd8rd 102 'The Finanoal Reporting Standard
applicable in the UK and ReptJbli¢ of Ireland, and the Charities Act 2011. The finan¢i31 statements have
been prepared under the historical cost ¢onvenlion, with the exception of investments which are
induded al market value, as modrfied by the revaluation of certain assets.
Income
Investment income is recorded when receNable.
Exp•ndltur•
Expend((ure on grants is recorded once the Trust has made an unconditional cornmitment to pay the
grant and this is ¢ommunicated lo the beneficiary or the grant has been paid, whKhever is the eadier.
The Trust has not made any grant commitments of more than one year.
Other expenditure is included in thè accounts on an accruals basis. Irrecoverable VAT is charged to
Ihe Ststemenl of Financial Activities as incurred.
The cost of managing investments is charged against investment capital. reflecting the total return
approach to investment management. Any costs associated wilh the sale or purchase ol irweslments
are accounted for as part of the sale or purchase price of the inveslmenls.
Grants offered subject lo ¢ondilions which hav6 not b08n mel at the year end date are noted as a
ommitmenl bul not accrued as expenditure.
Taxation
The lund is a registered non-trading charity and. as such, is exempt from taxes under Section 505111
of the InG(Jme and Corporation Taxes Act 1988.
Fund accounting
The endowment of the charity is 8xpendablè 8ndowmant. The trust deed allows this fvnd to be spent
as income or retained as capiial at the truslees. discretion. The inwne arising from the expendable
endowment is unrestricted.
Unreslri¢ted funds ¢8n be used in accordance with the charitable objedives al the discretion of the
trustees.
Restricted funds can Dnly be used lor particular reslri¢ted purposes wtthin the objects of the charity.
Reslriclions arise when specAfied by the donor or when funds are raised for particular restricted
purposes.
Furiher exptanation of the n8lure and purp05e of each fund is included in the notes lo the financtal
stalemenls.
Flnanclal Instruments
The following assets and liabilrf¢ies are dassified as financial instnjments
creditors and accruals.
other debtors, other
Olher deblors, other creditors and accruals are measured at the undis¢ounted amount of the cash or
other consideration expected to bo paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting pedl
for objective evidence of impairment. If objective evidence of impairment is found, an impairment 1055
is recognistsd in the Statement of Finan¢ig1 ￿tiVitIeS.
Page 7
continued...

The Gled$wr>od Charitable Tru
Noit s to_thfr Financlal S_tatemtnts - continued
for the￿e4T en
Accounting pollcies - continued
Financial instrumonts
Provisions
Provisions are set up only where it is probable that a present obligation exlsts as a result of an event
prior to the balan￿ shgel date and that a payment will be required in setuement that can be est'maled
reliably.
Investment income
It)veslmenl incomg has arfsen from dividends and Inte￿st on investments. All income relates to
unrestricted in¢ome.
Trustees. remuneration and benefits
There were no trustees. ￿MUneration or other benefits for the year ende(15th April 2024 nor for the
year ended 5th April 2023.
Tru$tees' expenses
There were no trustees. expenses paid for the yeaT ended 5th April 2024 nor for the year ended
5th April 2023.
Comparatlves foT the ststemont of financial a¢tlvltl•$
Unre5trieted Restricted
fund
fund
Total
funds
Income and endowments from
Investment income
87,167
87,167
Expèndlture on
Charitable activities
Grants awarded
Governance ￿$ts
74,600
2,343
74,600
17.155
14,812
Total
76.943
14,812
91,755
Ngt gainslllossesl on inveslm8nls
1175,7381
1175.7381
NET INCOMEIIEXPENDITUREI
10,224
{190,SS01
1180.326}
Recon¢iliatÉon of funds
Total fund5 broughl forward
21.803
3,148,074
3,169.877
Total funds Carrled forward
32,027
2.957,524
2,989,551
Page 8
continued...

The Gledswood Charitable Trust
Notrllp_the Flnanclal Statèmènts - continued
lorthue eèr en
Flxed asset investments
Ll$tsd
investments
Markét valu•
At 6th April 2023
Revalualions
2.886,506
31,326
At 5th April 2024
2,917,832
Net book value
At 5th April 2024
2,917,832
At 5th April 2023
2,886,506
There were no investment assets outside the UK.
2024
2023
Market value
2,917,832
2,886.506
1,856.571
1,856,S71
Debtors.. amounts falllng due wlthln one year
2024
2023
Other debtors
2,311
2,336
Creditors.. amounts falling within one year
2024
2023
Other creditor5
6,873
6,657
Analysis of net assets between funds
2024
Total
funds
2023
Total
fund5
Unrestrict¥d RoStri¢ted
fund
fund
Investments
Current assets
Current liabilities
2,917,832
59.975
{3,7331
2.917,832
131,911
{6.6731
2,886,506
109,702
{6.6571
71,936
12.940)
68,996
2,974.074
3,043.070
2,989,551
Page 9
continued...

Thè Gledswood Charitable Tru$t
Notes to the Financlal Statements- continu¢d
for thexear ende￿_-sth_￿ri1 2024
Movement in funds
Net
movement
in funds
At
5.4.24
At 6.4.23
Unrestricted funds
Income Fund
32.027
36,969
68,998
R•strfctÈd funds
Capital Fund
2.957,524
16.550
2,974,074
TOTAL FUNDS
2.989,551
53,519
3,043.070
Net movement in funds. induded in the above are as follows..
Incorning
resources
Resources
expended
Gains and Movement
losses
in funds
Unrnstrfet•d funds
Income Fund
84,917
147,948
36,969
Restrlcted fund$
Capital Fund
114.7761
31,326
16.550
TOTAL FUNDS
84.917
162.7241
31,326
53,519
Comparafjv&s for movement In fund$
Net
movement
In funds
At
5.4.23
Al 6.4.22
Unrestricted fund$
Income Fund
21,803
10.224
32,027
R¥strlcted funds
Capital Ftjnd
3,148,074
{190,5501
2,9S7,524
TOTAL FUNDS
3.169.877
{180.326}
2,989,551
Page 10
continued...

Notes to the Financial Statements . contSnuèd
for the
ear ended 5th A
ril 2024
Movemènt In funds- contlnuèd
Comparalive nel movement in funds, included In the a￿ve are &s follows=
Incoming
resources
Resources
expended
Gains and Movèment
losses
in funds
Unrestri¢ted funds
Incoffte Fun
87,167
176.9431
10.224
Restricted funds
Capital Fund
114,8121
1175,7381
1190,5501
TOTAL FUNDS
87,167
191,7551
1175,738)
1180,3261
The unrestricted funds of the charity may be applied for any charitable purpose at the discretion of Èhe
trustees.
The restricted capital fund and additions thereto are to be invested and the income used for afiy
¢harilable Purpose at the discretion of the trustees. The reslpcled capital fund may also be spent al
the absolute discretion of the Iruslees.
10.
Related party disclosures
Therè were no rèlated party transactions for the year ended 5th Aprti 2024.
Page11

The Gledswood_Charitybl• Trust
-Detallèd_-Statement of Financlal Aetlvltles
2024
2023
Income and tndowm•nts
Investmont income
Investment income
84,917
87,167
Total in¢omlng resovrcts
84,917
87.167
Expendlture
Charitable actlvitios
GTants to instituts'on5
45.800
74.600
Support costs
Finance
Bank charges
528
423
Govèmaneo costs
Accountsnw fees
Investment managerfs fees
1.620
14,776
1,920
14,812
16.396
16,732
Total resources expended
62.724
91,755
Net incomel(exp$ndlture) before gains
and1055es
22,193
14,588)
Net gains and losses
Unrealised gainslllossesl on fixed asset
investments
Realised gainlllossesl on fixed asset
investments
31,326
1207,6281
31,89Q
Net in¢omellexpenditurel
53,519
1180,3261
This page does not fom part ol the statutory financial statements
Page12