Charity registrdtion nurnber 1103884 (England and Wales)
THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrMTHill
Mr Csaunby
Mrs Hone
Charity number
1103884
Independent examlner
Oliver Read FCCA ACA
James Todd & Co Limited
Drayton House
Drayton Lane
Chichester
West Sussex
P020 2EW
8anker5
Metro Bank PLC
One Southampton Row
London
WC18 SHA
The Co-operative Bank PLC
PO Box 250
Skalmersdale
WN8 6WT
Investment adv150rs
Rathbones
8 Finsbury Circus
London
EC2M 7AZ
Evelyn Partners
45 Gresham Street
London
EC2V 7BG
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Independent examiner's report
ststement of flnancial activities
Balance sheet
Notes to the financial statements
7-13

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statement5 for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial
statements and comply with the trust's governing document, the Charities Act 2011 and Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191.
Objertives and activitles
The charity's objett5 are as follows..
To pay or apply the income and all or such part or parts of the capital in such shares and proportions at such time or times
and in such manner for or towards such charitable purpose or purposes as the trustees shall think fit provided that without
prejudice to the generality of the foregoing the trustees shall have regard to the following purposes that is to say'.-
l. The establishment and endowment lin the jolnt names of the Founder5 the late Mr W S J Venton and the late Mrs N P E
Venton, or the sole name of either of them) the acquisition, provision, development, enlargement, construttion,
eqLÈipment fitting out, furnlshln8 decoratlon maintenance, repair, insurance improvement reconstruction and general
upkeep of Day Centres In cities towns and villages of the United Kin8dom for the benefit of the Beneficiaries (meaning
those who by reason of old age or infirmity or social and economic circumstances have need of the facilities provided at a
Day Centre or of care attention a5SlStance or supervision thereatl and the payment of all out80in8s in connection with and
the general expenses of carrying on and managing such Day Centres.
2. The assistance of the Beneficiaries or any of them by the provision of food and other facllities at such Day Centres
aforesaid upon term5 appropriate to their means Provided that the trustees shall ensure that the cost to the Beneficiaries
of food and other facilities provided by and at such Day Centres aforesaid is kept as low a5 Possible.
3. The assistance of the 8eneficiaries or any of them by the provislon of means of transportation to and from such Day
Centres aforesaid or the payrnent of all or any part of their travelling expenses to and from such Day Centres aforesaid as
shall in either case be appropriate to their means provided that the trustees shall ensure that the cost to the Beneficiaries
of such transportation or travel is kept as low as possible.
4. The relief for the benefit of the public of the 5ufferin8 of animals in need of care and attention and in particular the
provision and maintenance of rescue homes or other facilities for the reception care and treatment of such animals.
S. The making or provision lin the joint names of the Foundets or the sole name of either of them) of donations grants
loans or other asslstance to:
lil Age Concern or any other association, trust, oryanisation, institution or body corporate or unincorporated which is for
the time being a registered charity in the United Kingdom for any one or more of the purposes referred to in sub-clau5e5
111121 and131 of this Clause.
lill The RSPCA or any other 8550Clation trust organisation institution or body corporate or unincorporated which is for the
time being a registered charity in the United Kingdom for any one or more of the purposes referred to in sub-clause141 of
thls Clause,
The trustees receive varied applications for support and each one is reviewed and considered for support bearing in mind
the stated object5 of the charity. The trustees acknowledge that they would favour applications from charities in which Mrs
Venton had been involved during her lifetime but they would also take into consideration applications from other charities
which had similar objectives to those which were set out in the Trust Deed. All applications made will be considered by the
trustees.
The trustees note the Charity Commission's guidance on public benefit and recognise all activitie5 0* the charity are for the
benefit of the public.
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
The Trustees are pleased to report that the Trust saw an expansion in it charitable funding during the year. During the hiatus
created by covid grant application5 diminished and income accumulated in the Trust bank account. The Trustee5 have adopted
policy of not havin8 income paid on a regular basis to prevent such accumulation of income in the future. The fund
managers are now instructed to reinvest income and the Trustees from time to time will draw down such monies a5 thev
anticipate needing to fund grant applications.
Having started the reporting period with a substantial cash balance at bank the Trustees decided to njn down the bank
balances to a level where the cash at bank is broadly equivalent to 12 months expenditure on Trust administration and
charitable grants.
The Trust website, with an online 8rant appllcation process, that was introduced during the year is proving successful and
generated a number of requests. Not all of these were approved by the Trustees as many were received from organisations
whose attivities are outside the remit of those mandated by the Trust objectives. However it was encouragin8 to see that
number of applications were received from organisations that provlded support for the elderly or anima15 that were not
mainstrearn charitles. Many of these small organisations, run by enthusiastic volunteers, require support and the Trust wa5
pleased to be able to help many of these small organisations during the year. Just under £IOO,000 was distributed to five
organisations. Such support and financial assistance wa5 totally for the benefit of the public. Further details are provided in
note 6 to the attached financial statements.
Slnce Its inception the Trust Bank accounts had been held by Lloyds Bank PLC. Unfortunately this was an "old style. trustee
account and could only be acce55ed by personal attendance. Lloyds were unable to offer any electronic form of banking Wlth
the original account. Neither were they accepting new accounts from charities established by trust deed. In the clrcumstances
the Trustees took the decision to transfer the bank accounts to Metro Bank PLC and the Co-operative Bank. Both those
organisations enable the Trustees to manage the accounts electronically which is more flexible and cost effective.
Flnanclal review
During the year the trust received income of £84,837 which is an decrease on the previous year12023: £88,377). The trust
showed a surplus of £163,44612023'. deficit of £67,411}. This surplus was caused by the realised and unrealised gains on the
trust's investment portfolio of £200,784 12023: loss of £125,252) which resulted in an overall surplus of £163,446 12023..
deficit Df £67,411). It 15 the wish of the Trustees to distribute as much as possible of the Trust's annual Income and any future
surpluses will be carried forward to increase future distributions; deficits may sadly restrlct futu￿ distributions.
Close contact is maintained with the Trust's two stockbroking firms who manage the Trust's portfolio. The stockbrokers
provide regular report5 and summaries of transactions. and representatlves meet the Trustees at their annual meeting when
they are required to analyse the position of the portfolios they manage and advlse their expectations for the f uture.
The Trustees are fully 8uided by their stockbrokers in dealin8 wlth this aspect of the Trust's financial affairs. The Trust's
investment policy 15 to balance the requirement for income and yet maximise growth opportunities, thereby providing for
both present and future needs. During the year, the Trust's investments saw an increase in value of £243,19712023: decrease
of £57,7221.
It is the poliry of the Trust that Un￿strICted fund5 which have not been designated for a specific use should be maintained at
level of six month's average historical general expenditure which 15 equivalent to £39,000. The Trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current
activities while considerdtion is given to ways in which additional f unds may be raised. The level of reserves at the year-end
currently stands at £3,416,738, of which £3,058,741 is included as part of endowment fund5. This leave5 general reserves of
£357,997 which is above the reserve5 policy. The Trustees will aim to utilise these reserves by way of issuing further grants in
the next financi81 year.
Note 15 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the Trust's
obligations on a fund by fund basis.
The Trustees have a5ses5ed the major risk5 to which the Trust is exposed, and are satisf led that systems are in place to mitigate
exposure to the major risks.

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structurej governance and management
The trust was established by a deed of charitsble trust on 11 February 2004.
The charity is run by the Board of Trustees, comprising the trustees who give their time and expertise voluntarily and
receive no benefits from the charity. Each of the trust's three trustees have responsibility for the affairs of the trust,
meeting as necessary to deal with such matters.
The trustees who Served during the year and up to the date of si8nature of the financial ststements were:
MrMTHill
Mr C Saunby
Mr S Hone
Recrultment and appointmènt of trustees
Mr C Saunby was appointed at the request of the late Mrs N P E Venton and will monitor the future needs of the trust and
the appointment of other trustees to assist in the affairs of the trust. Mr M Hill and Mr S Hone have been appointed in
accordance with the governing document. In view of the size of the trust all of the decisions are taken by all of the trustees.
Should additional trustees be required these will be appointed in accordance with the trust deed and any identified gaps
and weaknesses In the board'5 existing skills and knowledge. All new trustees follow an induction process which includes a
copy of the latest accounts and information about the charity and their responsibilities as trustees. Where necessary.
training may be offered to assist with the induction process.
The trustees, report was approved by the Board of Trustee5.
Mr C Saunby
Trustee
Date..
1911112024
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
I report to the trustee5 on my examination of the financial ststements of The William and Patricia Venton Charitable Trust Ithe
trust) for the year ended 31 March 2024.
Responslbilitles and basls of report
As the trustees of the trust you are responsible for the p￿paratIOn of the financial statements in accordance with the
requirements of the Charities Act 2011.
I report in respect of my examination of the trust's financial statement5 carried out under section 145 of the Charities Act
2011. In carrying out my examination I have followed the Directions given by the Charity Commisslon under settion 14515llbl
of the Charities Act 2011.
Independent examlner's statement
Your attention is drawn to the fatt that the charity has prepared the financial statement5 in accordance with the relevant
version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting
and Reporting by Charltles; Statement of Recommended Practice issued on l April 2005 which is referred to in the extant
regulations but has now been withdrawn. l understand that thi5 has been done in order for the financial statements to provide
true and fair view in accordance with UK Generally Accepted Accounting Practlce.
I have completed my examinatlon. I confirm that no mattets have come to my attention in connection with the examinatlon
8iving me cause to believe that In any material respect..
accounting records were not kept in respect of the trust as requlred by section 130 of the Charlties Act 2011.
the financial statements do not accord with those records; or
the financial statements do not comply wlth the appllcable requirements concernin8 the form and content of financial
statements set out in the Charitles (Accounts and Reports) Regulatlon5 2008 other than any requirement that the
financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have corne across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understandin8 of the financial statements to be reached.
Oliver Read FCCA ACA
James Todd & Co Limited
Draylon House
Drayton Lane
Chichester
West Sussex
P020 2EW
England
0211212024
Dated: .....

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Endowment
fund5
funds
2024
2024
Total
Unrestrirted Endowment
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Investments
84,837
84,837
88,377
88,377
Expendlture on:
Raisin8 funds
Charitable activities
8,861
104,453
8,861
17,722
104,453
8,533
13,470
8,533
17,066
13,470
Total expenditure
113,314
8,861
122.175
22,003
8,533
30,536
Net gains/llossesl on
investments
io
200,784
200,784
1125,2521
1125,2521
Net Incomellexpendlture) and
movernent In funds
128,4771
191,923
163,446
66,374
1133,7851
167,4111
Reconclllatlon of funds:
Fund balances at l April 2023
386,474
2,866,818
3,253,292
320,100
3,000,603
3,320,703
Fund balances at 31 Mar¢h 2024
357,997
3,058,741
3,416,738
386,474
2,866,818
3,253,292
The statement of financial activities includes all 8ains and losses recognlsed In the year. All Income and expendlture derive
from continuing artivities,
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
BALANCE SHEEr
ASAT31 MARCH 2024
2024
2023
Notes
Fixod assets
Investments
li
3,186,078
2,942,881
Current asset$
Cash at bank and in hand
235,220
314,791
Credltors: amounts falllng due wlthln one year
14,5601
14,3801
Net ¢uffent assets
230,660
310,411
Total assets less current Ilabilitles
3,416,738
3,253,292
The fund5 of the trust
Endowment funds
Unrestricted funds
13
14
3,058,741
357,997
2,866,818
386,474
3,416,738
3,253,292
The financial statements were approved by the trustees on
1911112024
.J..... 1,11 e i) I
Mr C Saunby
Trustee

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢les
Charlty Informatlon
The William and Patricia Venton Charitable Trust is an unincorporated trust, registered with the Charities Commission
under charity number 1103884. It's principal address is SoLtthlands, 9 Southlands Road, Kettering, Northants, NN15
7QG.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the trust's governing document, the Charities Act
2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 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 IFRS 1021" leffective l January 20191. The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Report51 Regulations 2008 only to the extent
required to provide a true and fair view. This departure ha5 involved following the Statement of Recommended Practice
for charities applyin8 FRS 102 rather than the verslon of the Statement of Recommended Practice which is referred to In
the Re8ulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts In
these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost conventlon. The principal accounting policies
adopted are set out below.
1.2 Golng concern
At the time of approving the financlal ststement5, the trustees have a reasonable expectation that the trust has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt
the going concern ba515 of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are ovailable for use at the discretion of the trustee5 in furtherance of their charitable objettives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and
uses of the restritted funds are set out in the notes to the financial statements.
Endowment funds are subjecr to specific conditions by donors that the capital must be maintained by the trust.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the
amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donation5 are recognised once the trust has been notified of the
donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to
donatlolls received under Gift Aid or deed5 of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount
is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies
(Continued)
1.5 Expendlturè
Expenditure is recognised once there 15 a legal or constructive obligation to transfer economic benefit to a third party, it
15 probable that a transfer of economic benefits will be required in settlement, and the amount of the obli8ation can be
measured reliably.
Expenditure is classif led by actlvity. The costs of each activity are made up of the total of direct Costs and shared costs,
including 5UPPOrt Costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated
directly to that activity. Shared cost5 which contribute to more than one activity and 5UPPOrt costs which are not
attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the
asset'5 use.
1.6 Fixed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently
measured at falr value at each reporting date. Changes in fair value are recognised in net incomellexpenditurel for the
year. Transaction costs are expensed as incurred.
1.7 Cash and cash equlvalents
Cash and cash equlvalent5 include cash in hand, deposits held at call wlth banks, other short-term liquid investments
wlth original maturities of three months or less, and bank overdraft5. Bank overdrafts are shown within borrowings in
current liabilities.
8oslcflnon¢lal ossets
Basic f inancial assets, which include debtors and cash and bank balances, are initially measured at transaction prlce
including trdnsactlon costs and are subseqLtently carried at amortlsed cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the p￿sent value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Bq51cflnanclol liabilitle5
Basic financial liabilities, including creditors and bank loans are initially reco8nised 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 a￿ subsequently carried at amortised c05t, using rhe effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordlnary course of operations
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, thev
are presented as non-current liabilities. Trade creditors are reco8ni5ed initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
Derecognitlon offinanciol liobilities
Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled.
1,8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee'5 services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrdbly committed to terminate
the employment of an employee or to provide termination benefits.

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In the application of the trust's accounting policies, the tTUStees are required to make judgements, estimates and
assumptions aboLlt the carrying amount of assets and liabilities that are not readily apparent frorn 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. Revision5 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.
IncomÈ from Investments
Unrestrlcted Unre5trirted
funds
funds
2024
2023
Income from listed investments
Interest receivable
70,404
14,433
88,333
44
84,837
88,377
Expenditure on raising funds
Unrestrlcted Endowment
funds
funds
2024
2024
Total
Unrestrlcted Endowment
funds
fund5
2023
2023
Total
2024
2023
Investment management
8,861
8,861
17,722
8,533
8,533
17,066
Expendlture on charttable actlvltle$
Grant fundlng Grant tundlng
2024
2023
Dlrect costs
Grant funding of activities (see note 61
99,392
8,376
Share of 5UPPOrt and governance costs (see note 71
Support
5,061
5,094
104,453
13,470
Analysi5 by fund
Unrestricted funds - general
104,453
13,470
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
Grant fundlng Grant fundln8
2024
2023
Grants to institutions..
Age Concern Eastbourne
Age UK Northampton
Casts Protection Northampton
Eastbourne Shopmobility
Animals in Need
57,392
12,000
10,000
10,000
10,000
8,376
99,392
8,376
Support costs allocated to artlvltles
2024
2023
501
4,560
Travel and subsistence
Accountancy
5,094
5,061
5,094
Analysed between:
Grant funding
5,061
5,094
Trustees
None of the trustee5 lor any persons connected with theml received any remuneration or benefits from the trust during
the year,
Employees
The average monthly number of employee5 during the year was..
2024
Number
2023
Numbef
Totsl
There were no employees whose annual remuneration was more than £60,000.

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Galns and losses on Investments
Endowment
funds
2024
Endowment
funds
2023
Gains/llossesl orisin8 On:
Revaluation of investments
Sale of investments
185.081
15,703
111,886
1237,1381
200,784
1125,2521
li
Flxed asset investments
Llsted
Investments
Cost or valuatlon
At l April 2023
Additions
Valuation changes
Disposals
2,942,881
987,218
184,958
1928,9791
At 31 March 2024
3,186,078
Carrying amount
At 31 March 2024
3,186,078
At 31 March 2023
2,942,881
Flxed a55et investments revalued
The investments listed above are at market value. The historic cost of the portft)lio at the year-end is £2,583,05612023-
£2,323,498).
12 Credltors: amounts falllng due wlthin one year
2024
2023
Accrua15 and deferred income
4,560
4,380
11
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THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Endowment funds
Endowment funds represent assets whlch must be held permanently by the trust. Income arising on the endowment
funds can be used in accordance with the object5 of the trust and is included as unrestricted income. Any capital gains
or losses arising on the assets form part of the fund.
At l Aprll 2023
ResourcesGains and losses
expended
At 31 March
2024
Permanent endowments
The Willlam and Patricia Venton Charltable Trust
2,866,818
18,8611
200,784
3,058.741
p￿VIouS year:
At l Aprll 2022
Re50urcesGaln$ and losses
expended
At 31 March
2023
Permanent endowments
The William and Patricia Venton Charltable Trust
3,000,603
18,5331
1125,2521
2,866,818
The endowment fund rep￿SentS a permanent endowment from Mrs Patrlcia Venton, the capital of whlch must be
maintained by the trust. The income generated by the capital is available for distribution in accordance wlth the aims of
the charity. The fund is held in an investment portfolio, which Is managed by the investment managers.
Resources expended represent the investment manager's cost5 for managing the investment portfollo. Investment
manager's costs have been allocated 50% against general funds and 50% against the endowment fund which is
generatin8 the investment income, in accordance with the terms of the endowment. Transfers in the year relate to
investment gains being moved to unrestricted funds for distribution, in accordance with the aims of the charity.
14
Unre5trlcted 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 fund5 which have
been Set aside out of unrestricted funds by the trustees for specific purposes.
At l Aprll 2023
Incomlng
resources
Resources
expended
At 31 March
2024
1113,3141
357,997
General funds
386,474
84,837
At 31 March
2023
Provious year:
At l Aprll 2022
Incomlng
resources
Resource5
expended
386,474
General funds
320,100
88,377
122,0031
The grants reserve represents funds set aside by the trustees last year to pay out grdnts.

THE WILLIAM AND PATRICIA VENTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
IS Analysis of net assets between funds
Unrestricted
funds
2024
Endowment
funds
2024
Total
2024
At 31 March 2024:
Investments
Current assets/lliabi1Stiesl
127,337
230,660
3,058,741
3,186,078
230,660
357,997
3,058,741
3,416,738
Unrestrlcted
funds
2023
Endowment
funds
2023
Totsl
2023
At 31 March 2023:
Investments
Current assets/lliabilitiesl
76,063
310,411
2,866,818
2,942,881
310,411
386,474
2,866,818
3,253,292
16
Related party transa¢tlons
There were no disclosable related party transactions during the year12023 - none).
13-
Doc ID: 7a20ecc902c1 be52b83a3640329169d2e6265e06