Reglsterod Company Number . 05009290 Iengland Wales)
R¢gl8tered Chaflty Nurnber: 1102736
THE SIR JOHN MIDDLEMORE CHARITABLE TRusr
IA Company Llmited by Guarantee)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
Contents
Page
Dlrectors. Report
Independent Examinels Report
Statement of Financial Activities
Balance Sheet
Notes to the Financlal Statements
8-15

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
REFERENCE AND ADMINISTrATIVE INFORMATION
Year ended 31 March 2024
Charity name
The Sir John Middlemore Charitable Trust
Charity re8iStration number
1102736
Company registration number
s￿9290
Registered office
20 Cavendish Drive
Stourbridge
England
DY9 OLS
Board of dlrectors
Mrs D Mabbett
Mrs L Trevethick
Mrj Holmes
Mrs YJ Brown
Mr P Norman
IChairper50nl
(Vlce Chairperson)
(Hon. Treasurer)
Company secretary
Mrs Tsoden
Independent exarnlner
Mr P Smith FCA
J W Hlnks LLP
Chartered Accountants
19 Highfield Road
Ed8baston
Birmingham
West Midlands B15 3BH
Bankers
CAF Bank Ltd
PO8ox289
West Mailing
Kent ME19 4TA
Sollcitors
The Wllkes Partnership Solicitors
41 Church Street
Blrmlngham B3 2RT
Investment managers
Qullter Cheviot
Two Snowhill
Blrmin8ham B4 6GA

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
DIREcfoRS' REPORT
Yearended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report and
financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions
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 IFRS 1021
(effective l January 20191.
Structure, Governance and Management
Governing Dotument
The organi5ation is a charitable company limited by guarantee, incorporated on 7 January 2004 and registered as
charity on 19 March 2004. The charitable company is established under a Memorandum of Association which
established the objects and powers of the charitable company and is governed under its Articles of Association. In the
event of the charltable company belng wound up members are required to contribute an amount not exceedin8 £10
each.
On 2 November 2004, the Charlty Commission of England and Wales approved a scheme to merge two existin8
charities, Middlemore Homes (Charlty No. 2082241 and Crowley's Foundation for Gir15 (Charity No. 5289691, with the
new charity being entitled The Sir John Middlemore Endowment and retaining the registered charity number of
Middlemore Homes. From that date, all the property of The Sir John Middlemore Endowment. other than the
investment portfolios, has been administered and accounted for as part of the property of The Sir John Middlemore
Charitable Trust, the corporate trustee of the Sir John Middlemore Endowment with effect from 2 November 2004. in
accordance with the above scheme. The investment portfolio retained byThe Sir John Middlemor.e Endowment has
been accounted for as a permanently endowed fund of The Sir John Middlemore Charitable Trust from 2 November
2LNI4.
Recrultment und Appointment oADlrectors
The directors of the charitable company are also charity trustees for the purpose of charity law and under the
charitable company's Articles of A550ciatlon are known a5 members of the Board of Directors. Under the
requirement5 of the Memorandum and Articles of Association the members of the Board of Director5 are elected to
serve for a period of three years after which they must stand for re-election at the next Annual General Meetin8.
Mrs L Trevethick retires by rotation and being eligible, offers herself for re-election.
Objectlves and Actlvltles
The charitable company's objects are:
The relief of need amon8St chlldren and young people livin8 in Birmingham and elsewhere, and in partlcular, but
without Ilmltation, by providing support to children, young people and their families and carers, through education,
guidance, counsellin8 and practical assistance, or by such other means as the directors shall think fit,
A major review of the aim5 and objectives of the Trust was held by the Dirertors in 2012 and it was decided the most
effective woy to continue the work of the charity was by the dispersal of. grants to organisations who work with
disadvantaged children and young people aged up to 18 and young people with disabilities aged up to 25 within the
West Midlands Region. The moximum grant is usually up to £2,000 and organisation5 making applications for grant5
will usually only be considered if they have an annual income of le55 than £250,000.
The tru5tee5 have had regard to guidance on public benefit from the Charity Commission.

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
DIRECTORS, REPORT (continued)
Year ended 31 March 2024
Achievements and Performance
During the year 40 grant applications were awarded totalling £60.673. The organisation actively continues to raise
awareness within the West Midlands Region of the Trust's grant making policy and procedure and regularly reviews
the financial policy to maximi5e the Trust's income.
Flnanclal Revlew
In 2018, the charity wa5 a beneficiary in the will of the Late Ann Edington Griffith5 and received £43,302. We are
extremely grateful for this Legacy which has been included in the accounts as the Frances Lyn Bettrid8e designated
fund.
The charitable company's expenditure exceeded the income for the period Ibefore movement on investments and
transfers) by £14,230.12023- £9,731).
Prln¢ipol Funding Sources
The principal funding source for the charitable company was the income generated from The Sir John Middlemore
Endowment Fund.
Investment Policy
Income objectlve
The main objectives for the Charity's Investment portfollo are to:
Provide a level of income to rneet the current needs of the Trust, commensurate with managing risks within
the portfolio.
Maintain the Charitws endowment in real terms over a rolling 5-year period,
Income requirement
An income requirement of £53,000 per annum has been agreed and all income generated by the portfolio 15 paid out
on a monthly bas15.
Tlme horlzon
The time horizon for the Investment portfollo Is considered to be long term11.e. more than flve years).
Liquldlty requlrements
The charity holds cash reserves sufficient to meet Immediate cashflow requirements.
The longer-term investment portfolio should be invested in assets that are easily reali5able in normal market
conditions.
Ethlcalond other con5tralnts
The directors seek to ensure that investment5 are consistent with the purposes and values of the Trust. A5 such,
investments in companies whose busine55 15 in Alcohol, Armaments, Gambling, Tobacco and Pornography is not
permitted within the portfolio.
Approoch to investments
Investments are made taking a long-term view, using a range of investment vehicles to achieve stability and growth
within a well-diversified portfolio.
The directors have a preference for direct investments where possible, though It is understood that collective
investrnent schemes will be used to provide the most efficient means to access a particular market or a55et classes
and for reasons of diversification. However, the investment fund should always be marketable and will not, in the
absence of specific authority acquire investment5 where marketability is limited. The Trust will not participate in any
underwriting arrangement.
Further warrant5 or options, or any dirert investments quoted on the AIM or OFEX markets are not permitted.

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
DIRECTORS, REPORT {continuedl
Year ended 31 March 2024
Investment monoger
The directors have appointed Quilter Cheviot to manage the assets of the portfollo In accordance with the prlnclples
set out in thls statement and within the guidelines set down from tlme to time by the dlrectors. The directors will
monltor the performance of the manager against the ststed investment benchmark on an annual basis.
Custody of assets: the investment assets are held in Quilter Cheviovs nomlnee company who produce an annual
verification as part of the audlt process.
ReSen￿S Pollry
The directors have examined the tharitsble company's requirements for rese￿eS in Ilght of the main risks to the
organlsation. It has established a pollcy whereby the unrestrlcted funds, not committed or invested in tangible fixed
assets held by the charitsble company. should be at a sufPicient level for It to meet the management costs for the
making of charitable grants.
statement of Dlrectors, Responslbllltles
The dirertors (who are also the trustees for the purposes of charlty lawl are responsible for preparing the Directors,
Report and the flnanclal statements In accordance with appllcable law and Unlted Klngdom Accountlng Stsndards
Iunlted Kingdom Generally kcepted Accountlng Practlcel.
Company law requires the directors to prepare flnanclal statements for each flnancial year whlch glve a true and fair
vlew of the state of affalrs of the charltable company and of the incoming resources and appllcatlon of resources,
Includlng the Income and expendlture, of the charitable company for that period. In preparing these financlal
statements the directors are requlred to:
Select sultable accounting policles and then apply them consistently*
observe the methods and princlples In the Charltles SORP,.
make judgements and estimates that are reasonable and prudent,.
State whether appllcable UK Accountlng Standards have been followed, subJect to any materlal departures
dlsclosed and explalned in the financial statements; and
prepare the financial ststements on the goln8 concern basis unless It Is Inappropriate to presume that the
charltable company wlll contlnue In buslness.
bl
The dlrectors, are responslble for keeplng proper accounting ￿cordS which dlsclose with reasonable accuracy at anv
tlme the financlal posltlon of the charltable company and to enable them to ensu￿ that the financial statements
comply with the requirements of the Companies Act 2006. They are also responslble for safeguardSng the assets of
the charitable company and hence for tsking reasonable steps for the prevention and detectlon of fralsd and other
Irregularltles.
The dlrectors, are responsible for the maintenance and Integrlty of the corporate and flnancial informatlon Included
on the charltable company's website. Legislatlon in the UnSted Kingdom governlng the preparation and dlssemlnatlon
of the flnancial ststements may differ from legislation In otherjurlsdictions.
The dlrectors, report has been prepared In accordance wlth special provisions of S415A of the Companles Att 2006
relatlng to small companles.
Approved by the Board of Dlrectors on 10 June 2024 and slgned on its behalf by:
Mrs L Trevethlck Ivlce Chalrl

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS OF
THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
I report on the accounts of the charitable company for the year ended 31 March 2024, which are set out on pages 5 to
15.
Re5pon51bllities and basb of report
As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible
for the preparation of the account5 in accordance with the requirement5 of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the account5 of the company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your company's accounts as
carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have
followed the Directions 8iven by the Charlty Commission under settion 1451Sllb) of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention In connection with the
examination giving me cause to believe that in any material respect..
accounting ￿cOrdS were not kept In respect of the company as required by section 386 of the 2006 Act,. or
the accounts do not accord with those records,. or
the accounts do not comply wlth the accountin8 requlrements of section 396 of the 2006 Act other than any
requirement that the accounts 8ive a 'true and fair vlev/ which is not a matter considered as part of an
independent examination,. or
the accounts have not been prepared In accordance wlth the methods and princlples of the Statement of
Recommended Practice for accounting and reporting by charitie5.
I have no concerns and have come across no other matter5 in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the account5 to be reached.
Peter Sffllth FCA
J W Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 3BH
Date: Iojune 2024

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
(Incorporating the Income and Expenditure Account)
for the year ended 31 March 2024
Permanent
Restricted endowment
Funds
Funds
Unrestricted
Fund5
2024
Totsl
2023
Total
Notes
Income and endowments
Donations and legacie5
Investment income
232
55,842
232
60.748 72,393
4,906
Totsl Incorne
56.074
4,906
60,980 72,393
Expendlture
Costs of ralsln8 funds
Investment management costs
5,769
5,769
6,181
Charltable artlvltles
Grants
Support Costs
55,523
8,768
5,150
60,673
8,768
67,080
8,863
Total expendlturo
64,291
5,150
5.769
75,210
82,124
Net income/lexpendlturel for the year
before Investment 8alns and transfers
18,2171
12441
15,7691
114,2301 19,7311
Transfers between funds
li
12,9321
12,8371
5,769
Net Income/lexpendlture)
before Investment galns and losses
111,149
13,0811
114,2301 19,7311
Realised and unreali5ed gain5
on investments
5,433
12,0301
24.022
27,425 1149,7011
Net movement on funds
15,7161
15,1111
24,022
13,195 1159,4321
Reconclllatlon of funds
Fund balances at l April 2023
57,228
137,840
1.222,266 1,417.334 1,576,766
Fund balances at 31 March 2024
51,512
132,729
1.246.288 1,430,529 1,417,334
The notes on pages 8 to 15 form part of these financial statement5.

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
BALANCE SHEEr
Company No: 05009290
as at 31 March 2024
Notes
2024
2024
2023
2023
Flxed assets
Investments
1,412,543
1,392,193
Current assets
Cash at bank and In hand
19,066
26,221
19,066
26,221
Credltors: Amounts falling due
wlthin one year
io
{1,0801
11,0801
Net current assets
17,986
25,141
Net assets
1,430,529
1.417,334
Reserves
Restrlcted fvnds
Permanent Endowment fund
Frances Lyn Bettridge
Memorial Trust fund
13
1,246,288
1,222,266
12113
132,729
137,840
Unrestrlrted funds
General fund
Ann Ed8ln8ton Griffiths fund
li
li
10.538
40.974
19,390
37,838
1,430,529
1,417,334

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
8ALANCE SHEET
Company No: 05009290
as at 31 March 2024
The charitable company is entitled to exemption from audlt under section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The members have not requlred the charltable company to obtain an audit of its Flnanclal Statements for the year
ended 31 March 2024 accordance with sectlon 476 of the Companies Act 2006.
The trustees acknowledge thelr responslbilltles for
lal ensuring that the charitable company keeps accountlng records which comply wlth section 386 and s87 of
the Companles Act 2006, and
Ib} preparlng financial statements whlch glve a true and falrvlew of the state of affalrs of the charltable
company as at 31 March 202+and of Its Incomlng resources and appllcation of rewurces, Including the net
Income or expendlture for the year then ended In accordance with the requlrements of sectlons 394 and
395, and whlch othe￿ise comply wlth the requirements of the Companle5 Act 2006 relatlng to the financlal
statements $0 far as applicable to the Charitsble company.
The financlal statements have been prepared in accordance wlth the spe¢lal provlslons of Part 15 of the Companles
Act 2006 relating to small companles.
The financial stateménts were approved by the board of Trustees on 10 June 2024 and are signed on It5 behalf by..
Mrs L Trevethl¢k
Vlce Chalr
Mrj Holmes
Hon Treasurer

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
Accounting pollcles
Ba515 of accounting
The financial statements of the charitable companyi which is a publlc benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5: Statement
if Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial
Reporting Standard 103 'the Financial Reporting St'andard applicable in UK and Republic of Ireland, and the
Companies Act 2006. The Financial Statement5 have been prepared under the historical cost convention with
the exception of investments which are included at market value.
The charitable company has taken advantage of the following disclosure exemption5 in preparing these
financial statements, as permitted by FRS 102 'the Financial Reportin8 Standard applicable in The UK and
Republit of Ireland,:
The requirements of sertion 7 of Cash Flows.
Income
All income is recognised In the Statement of Financial Actlvltles once the charlty has entitlement to the
funds, It is probable that the income will be received and the amount can be measured reliably.
Expendfture
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
cost5 related to the category. Where costs cannot be directly attributed to a particular headin& they have
been allocated to activities on a basis consistent with the use of resources.
Support Costs are those ¢05ts incurred dlrectly in support of expenditure on the objects of the Charitable
Company.
Grants awarded are recognised as resources expended In the year in whlch they are made,, grants awarded
but subsequently not taken up are re-credited to funds in the year in which they are recognised as being
abaftdoned.
Governance costs include those costs associated with meeting the constitutional and statutory requirements
of the charitable company and include independent examination fees and costs linked to thp strategic
management ofthe charitable company.
Investments
Investments are stated at market value at the balance sheet date.
The Statement of Financial Activities included the net gains and losses arising on the revaluation and disposal
of investments throughout the year.
Fund Accountln8
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted fund5 can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanations of the nature and purposes of each fund is included in the notes to the financial
statements.

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
Donations and le8acles
2024
2023
Donatlon
232
The donatlon was received for the Memory of Beryl Pay.
Investment Income
Unrestrkted
funds
Regtrkted
funds
Endowment
funds
2024
Total
2023
Total
Quoted fixed asset investments
55,842
4,906
60,748
72,393
Of the total income r.ecelved In 2023 of £65,060 relates to unrestricted funds and £7,333 relates to restricted
funds.

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
Comparative5 for the Statement of Financial Actlvltles
Permanent
Restrlcted endowment
Funds
Funds
Unrestrlrted
Funds.
2023
Total
Income and endowrnents
Investment income
65,060
7,333
72,393
Total Income
65,060
7,333
72,393
Expendlture
Costs of ralsln8 funds
Investment management costs
6,181
6,181
Charltable actlvitles
Grants awarded
Support Costs
57,350
8,863
9,730
67,080
8,863
Total expendfture
66,213
9,730
6,181
82,124
Net Incomel(exp.endlturel for the year
before Investment galns and transfers
11.1531
12,3971
16,1811
19,7311
Transfer5 between funds
238
16,419
6.181
Net In£ome/lexpendlture)
before Investment salns and losses
19151
18.8161
{9,7311
Reallsed and unreali5ed gains/
Ilossesl on investments
13.145}
128.4381
1118,1181 1149,7011
Net movement on funds
{4,0601
{37,254)
1118.1181 1159.4321
Reconclllatlon of funds
Fund balances at l April 2022
61,288
175.094
1,340,384 1,576.766
Fund balance5 at 31 March 2023
57.228
137.840
1,222.266 1,417,334
10

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
Investment management Costs
2024
2023
Commissions and contract charges
5.769
6,181
Charltable artlvltles
Grant makln8 actlvltles
2024
2023
Grants
Grants awarded12023: 40 in number, 2023., 41 in number)
60,673
67,080
60,673
67,080
Support Costs
Trust administration
Governance costs Inote 81
7,330
1,438
7,300
1,563
Grant making actlvftles
69,441
75,943
Of the total 8rants made in 2024 £5,15012023: £9,730) related to restricted funds.
stsff costs
No expenses or remuneration are paid to the Director5 of the charltable company. The charltable compony
does not employ any staff.
Governance costs
2024
2023
Independent examlnatlon fee
Dlrectors, profe5sional1Sability insurance
Other administratlon costs
1,080
305
53
1,080
413
70
1,438
1,563

THE SIR JOHN MIDDLEMORE CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
Investments
Total
2024
Trtal
2023
Quoted Investrnents
Market value at l April 2023
Additions
Proceeds of disposals
ILossI/Gains on revaluations and disposals
1,349,775 1,539,092
196,871
533,183
1203,5351 1572,7991
27,425 1149,7011
Market value at 31 March 2024
Cash on dep051t held by investment
manager5
1,370,536 1,349,775
42.007
42,418
Total Investments at 31 March 2024
1,412.543 1,392,193
Historfc cost
1.298,172 1,303.823
UK equitles
UK fixed Interest securitles
Over5ea5 Equities
Overseas fixed interest securltles
Alternatlve Investments
291,091
263,635
479,456
47,097
289,257
329,217
139,750
433,425
20,802
426,581
Market value at 31 March 2024
1,370.536 1,349,775
There are no material restrictions upon the realisation of these investments.
The follow investments were over 5% ofthe portfolio value..
Royal London Bonds Fund ICVC Royal London Sterling Credlt Z
6.7%.
Fidelity Investment Fund5 Fidelity Moneybuilder Income Fund1- 6.3%
91,457
86,811
12

THE SIR JOHN MIDDLEMORE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
Investments Icontinued)
The fair value of listed investment5 is detemiined by reference to the quoted price for identical a55ets in an
active market at the balance sheet date.
All Investment5 are carried at their fair value. Investments in equities and fixed a55et securities are all traded
in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit
trusts and open-ended investment companies are at the bid price. The basis of falr value for quoted
investments is equivalent to the market value using the bid price. Asset sales and purchases are recognised
at the date of trade at cost (that is their transaction value).
The main risk to the Charity from flnanclal instruments Iles in the comblnation of uncertain investment
markets and volatility in yield. The Charity is reliant on dividersd yield to finance its work. Liquidity risk is
anticipated to be low as all assets are traded. The charity's investments are mainly traded in Markets with
800d liquidity and high trading volumes. The Charity has no material investment holding5 in markets subjert
to exchange controls or trading restrictlon5.
The Charity manages these investment risks by retaining expert advisors and operating an investment policy
that provides for a high degree of diversification of holdings Wlthin investment classes that are quoted on
recognised stock exchanges. The Charity does not make use of derivatives and similar complex financlal
Instruments as it takes the view that investments are held for their longer-term yield total return and historic
studies of quoted financial instruments have shown that volatility in any particular 5 year perlod will normally
be corrected.
io
Credltors: amounts falllng due wlthln one year
2024
2023
Accruals
1,080
1,080
1.080
1,080
13

THE SIR JOHN MIDDLEMORE CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
li
Unrestrkted funds
Ann Edglngton
Griffiths
fund
General
fund
Total
2023
Balance at l April 2023
Net income for the year before transfers
Transfer to permanent endowment fund
Unrealised Loss on investments
37.838
240
{2,537)
5,433
19,390
18,4571
13951
57,228
18,2171
12,9321
5,433
Balance at 31 March 2024
40,974
10,538
51,512
Iz
Restrlrted Income funds
Frances Lyn Bettrld8e Mernorlal Trust Fund
Balance at l Aprll 2023
Net expenditure for the year before transfers
Transfer to Permanent Endowment fund
Realised and unrealised10ss on investments
137,840
12441
12,8371
12,0301
Balance at 31 March 20Z4
132,729
The purpose of the Frances Lyn Bettridge Memorlal Trust Fund is to provide grants for holldays, lelsure
activities, toys and equipment for disadvantaged children and young people.
14

THE SIR JOHN MIDDLEMORE CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the yeaf ended 31'March 2024
Analysis of net asset5 between fund5
Permanent
Unre5tr1cted Restrlcted endowment
funds
fund
fund
Total
2023
Total
2022
Investments
Net current a55ets1lliabilitiesl
33,526
17.986
132,729
1,246,288 1.412,543 1,392,193
17,986
25,141
51,512
132,729
1,246.288 1,430,529 1,417,334
Permanent Endowment fund
This fund represents the investment portfolio held within The Sir John Middlemore Endowment. the registered
charity of which the charitable company is the 501e trustee.
With effect from 2 November 2004, this fund has been accounted for as a permanent endowment fund of the
charitable company,. the underlying capital cannot be spent. The income from the permanent endowment
fund 15 to be used for the general purposes of the charitable companv.
14
Trustee Remuneratlon and Related Party Transartlons
No person related to the charity had any personal interest In any contract or transaction entered into by the
charity during the year.
Is
Taxatlon
As a charitable companyfft The Sir John Middlemore Charitable Trust, is exempt from tax on income and gain5
fallin8 Wlthin sections 481489 of the CTA 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to
the extent that these are applled to its charitable objects. No tax charges have arisen within the charitable
company.
15