R E CHADWICK CHARITABLE TRUST (Ch￿lty No 1104805) Annual Report and FAnancial Statements for the vear ended i Apfjl 2024 R E CHADIVICK CHARrrABIE TRUST CONTENrs Trustees, Report Independenr Exarniods Report Ststcment of FinancAal Acliviues Balancc Shctt otes to the Finanaal Statements 8-13 Schcdulc OF Investments 14-18 R E CHADWICK CHAiUTABLE TRUST TtUSte￿, Report for the year eA)ded 5 Aptil 2024 The tNstees ptC5ent their reprt fot the yeat ended i Apni 2024. I£gai and adMI￿tIve lofomwtio Tru•tee Peter Robert PrcKter Chaawick Esmc Roscmary Knowks Ann IThise Chadwick R¢gi6tered addr H3thenshAw Lafte Dcnton Ilkiev 901 B#tthro CAF Hank Ltd 25 Kitigs Hill Avcnue West Malling 194JQ Independent Examlners Christopher Darnvin 12CA Thornu Coombs LAmited 3365 The Pentagon Ca)rury Way Thorpe Park 1515 8ZB Tekphone 0113 244 9512 Inve•tment Man1￿ct8 Rathbones 8 Finsbury Circus IDndon EC2M 7AZ Telephooe Ir20 7399 IKJLKJ History and Cots$titudon The trwt was created by aTru5t Dced dated 28 April 2004 made byPctet Robert Procter Chadwicl FJ5me R05enwy Knowles, Paul Ccdxic Knnwles and Ann [￿ul5e Chadwi Invcstmet)ts t()I￿1ng £561.899 were transferred in from the T P Chthick 1989 Dlscretionary Setd¢men4 togethet with cash of £1.090. Initial capital cash of £l(Kl was a]so sellle(L Tru8ttt8' Report for the year ended 5 April 202A The following additional investments have been adde(L. £49.114 £l(I).897 £22,6iO £108,8LK) £139.800 £417,136 £209.610 £146,880 £143.880 £167,220 £267.393 £130,020 £li6,78.3 June 2(KJ6 January 2(Ki7 Dcccmbcr 2013 Febnjary ?01 i Febtiwy 2017 ,M*rch 2018 February 2019 January 2020 Dcccmbcr 202() December 2021 January 2023 March 2024 c.ash of £3,425 a150 added in the year to 5 April 2(KJ7. 'I&e'rtL￿t As tcgistcrcd ￿1th thc cth￿1ty CA)mmission (no 1104805). The Settlement Was C8t8biished tt) make funds avgilable for charitsble purpo5C5. The 'fr￿steeS mLL8t use the incnme may usc the capital of the Setdement in promotsn8 objects. The trusttty have chowj an accounting ttftrence dote of >Aprii to coinade with the tax aThd facklitate the efficient rcpaymen¢ of ony iftcomc tax suffcrcd. R E cHAD￿CK CHARITABLE TRUST Tru8tee8' Report for the yeat ended 5 Aprll 2024 Grants awyded for chatitable purposes arc made at the dtsccetion of the trustees. The trustees collfirni that they have tcfctted to the ￿dance containol io Charity Con)mis8ion's general 8uidarLce on public beuefir when revlewing the Truses aims and obiectives and in setting the 8rant making pojicy for the year. Investment management The chul￿S invcstment prtfolio is managaa on x dIscret￿￿ty basis by Rathbones. Thc invesiments ate managed so as to obtain a baknce between iocome and (apital growth. The investments comprise a balanced portfolio of equiiifj. with a medium risk pzofile, fixed interest investsnents There are no specific resttictions Dther than the inve8tnieftL8 8houH be $uitsible for trn￿ts. Tru8t re8erve8 The tntstees aim to kttp * level of liquidirywithin the tntst's assets 2nd year on year will donate the suq)lus iticomc of the trust. 'Il]e incomc producing invcsrjncnts are rnainthined to generate fijtuw income. Trusie￿, re8pon8iblllty for the financial Btatement• Chariry law reqw-rcs the tr￿teeS of the chariry ro prepare a receipts and payments account and a statement of assets and kn"*b￿ltieS for each fin4niial year. The tDus￿e5 have chos¢n in5te*d ro prepare aceDJ21s accounts 2nd to prepare a .Statemcot of Financiat Activities and a Balance Shttt which give a tTr￿ and fair view of the state uf affairs of the chatiry and of its incoming te50urces and application of resources. In prep￿ill8 the fJnart¢ial ststerncn￿. thc tLUStees are required to: sdecr suitable accountin8 poliaes and apply them consistendr* obserye thc meth(MJs and principics in the Chariry SORP, make judgetnents and estimates that gff rcasonab]e attd ptuden stsrc %whcthcr Applicable accounting standat& have been followed. subject to anv material departures disdosed 2nd explllined in the finanoal statements. preP￿e the finanaal stAtements on the going concem bAsis unless it is itiappropriate to ptesume that the thacity will continuc in business. The trnstce5 are resFx)nsible for kccping proper accoun¢ing records, Twhich atc suEficient to: show and explain the ttans#ction disdose with rcasonable Accuracy at aoy lime the finanagl tx)sition of the clwity, enable th¢m ro ensure that 9￿Y fioartiial 5tAteinaits comply with the requir¢meots of the Ch￿lUeS (Accounts and Reports) Re8u]ations 2(Ml8. The tru5ttts are also responsible for safe* the ￿Sets of the d￿rIty and for tsking reasongble step$ Eor the ptevcntion and detection of fr4ud and other irtewdxriues. Tru8tee8' Report for the year ended S April 202A L'ndet the FK)wets grAnted by the ttust deed. investment brokets the invc5tment pottfojio gnd the invcstments ate held For admtnistrative convenicnce in a nominee account on beha]f of the ttUSL Fitisn(aal activities and affair8 Total Incon￿ for the year under review amounted ¢0 £248,180 wbiist rotal expu)&'tuce amounted to £92256. As a resuli net iticome for the year *nounttd to £155.924. Other recowed Aet gains increase teserves by £185,516. In consequence the Over￿ net upwatd movement in fimds amountd to £341.440 aad thi5 ha5 be￿ added to fuads brought forward resulting io funds of £3,436,643 to Cgry brward at 5 April 2024. During the year urder review the durAry acquired investmtht8 costing £1.153￿6] and realised investments tt)taiLing £1.012,976 at 5 Aptil 2024. Thc markct value of the ch￿1￿$ rcmaiw invcstments amounted to £3J33,152 at 5 Aptil 2024. Kty manogemenl remuneration There are no personnel employed by the Tntst which aa as kry management other than the Bo￿a of T￿stee$. No tDJSt¢c OF the sociery receives any rcmunerafion or rcimburswcAt of expenscs in rclation to pattieipation irt any of the atttyitics of the djarity. Compliance wilh 8¢atutory reqiiireine The Trustees, Report has been pr¢p2red in accordance with the provisions of the Charifies (Accounts and Rcports) Regu]a¢ions 2￿8 and Sta*men¢ of Recommeoded Prdcuce 'Accountiag Rq)or¢ing by Chariues" (SORP 2015) tss[￿ in January 2015 by the Charity CommissiorL Apptovai The ttu$￿eS repoit approved artd signed by the trusttts: P R P Ch￿WiCk Mrs E R Knowle$ (ts A L Chadwick Dated: 5th December 2024 R E CHADWICK CHARITABIE TRUST lrtdependent ExamAtier's Report to the Trnstees for the yeat ended 5 Aprll 2024 I report to the charity tn]stees on my eXami￿On of the finan(7gJ ststements of the chariry for the year ended 5th ApiiE 2024 which ar Srt out on pa8e$ 6 to 18. Rewuve re8pon8ibllitie8 and ba818 of rq)or¢ As the charirfs trnsttts you are responsibk for the preparation of the finaocÈal statements in accordancc WAth the rcquirements OF the Chanties Act 2011 (the Act). I report in respect of my examI￿aon of the charirfs financial statements (srtied out under section 145 of the Att and in carryng out my examitiation I have founwed all the applicable Direcrions givcn by the Charity CumttJi58io0 undet section 145(i) (b) of the Acc Independcnt examiner's Btaternent Since the charitys gross iThcomc exc£eded £250,(XM) your exami(w must be a member of a b(xly Listed in section 145 of the Act. I confirn] that I am quahfied to uodcnakc the eXaMin￿10n bc£ause l alli a mcmbu of lCthEW. which is one of thc hstcd l)odies. I have cnmplctcd my examination. I confirm that no matcrial mattcrs havc comc t() my attention in connection with thc cxami￿ll wing ftlle causc to believe thar in any material aspctt accouritin8 tccords wcre not kept in respect of the charity as requima by sccuon 130 of the A¢ or tbe financi41 st&temcnts do not accord with those records" or thc financial statements do not comply with the Appli￿ble requiremenrs concerning the ff)rm and content nf finanaal stattments 8et Out in the Charities (Aca)unts and Rwrts) Rcgulation5 2(KJ8 other th4n #ny requittment that the fingniial statements ￿￿e a 'true and fair vAtr¢ which is not matter considercd ts part of An itidependent examination. I no concerns and h#ve come #(T05S no othrA mattcrs in COnn￿tiOn Trvith the examin&t&)n to which ttention shouH be drawn in this rq￿rt IA ordtt to engble 4 ptoper uoderstAnth'ng vf the fjnancial statcments to be r¢ache& e.Dartv Chtistopher DaThvin FCA Date(L. 5th December 2024 Thoma8 Coomb8 Iamited 3365 The pentsgO￿ Century Way. Thorpe ParK t£eds, IS15 8ZB Statement of Flnancial Activitie8 for the year ended S Aptil 20 lit￿es￿Lc[Ca bjnd Donation5 and legAue&" Income from invcstmcrtts Donated investULents 91.397 156.783 87.10) 130,020 Totsl income 248.180 217.125 Espenditur Direct Charitablc &nallons 78,( 61.700 Costs of raising funds: Investment manA¥ement ftts Adtninistration fees 10,889 1,479 10,529 Irrecoverable tax deductcd 1,888 1205 Total upcndits 256 75,778 et income before gains on investmajts 155,924 141347 unr￿lI5¢d 8ains/Oosses) on revaluation Rcalised gAyns/Oosses) on disposals 167,9(AI (210,470) 17.5)6 (1.747) Net gains/Q osses on investment ￿Sets 18) 516 1212217 ffun -Net movement in fund5 runds brought forward 341,440 (70,871J) 3.095203 3.166.073 io Funds canied forward io 3.436.643 3.09i203 R E CHADWICK CHARrrABIE TRUST Balance Sheet as at S April 2024 InVestm￿¢S 3J33,152 3.023,903 Cash at bank (CAF and Broker accounts) 104,691 72,5LK) AccnJ2is 12(K) 10.3.491 75,143 3.436.643 3 09520.3 Total funds 10 3,436,643 3.095.2n.3 Approved by the board of tnjstees on 5th tkcember a)24 and on its bel￿1£ b5P. P R P Chadwick E R Knowle8 Mrs A L ChadwAck R E CHADWICK CHARrrABIE TRUST Note8 to the FinancAal Statenient8 fiir the year ended 5 AprAI 2024 Accountiftg pobaeg R E Chadwick Q￿1tabk Trust is a Ch￿lty rystered in Et¥land and Wales. The address of the rwstered office is ￿ io the cl￿rity iafoonation on pAge l 0£ these fjnaocial 5tatemcnts. Thc chority constiwtcs a public benefit entiry as defined by FRS 102. The financial stAtements have been prepared in accordance Twith Accounting 2nd Reportingby Charities: Ststernent of Recommendoj Pr2Ctice applic2ble to charities prqyarw their 2ccounL8 in accordance with the FinanciaI Reporting Standard applicable in the LK and Republic of Irelgnd (fRS 102) issued on 16 July 2014 (as updarcd through Update Bulletin I published on 2 February 2016), thc Finaniial Rcporung Standard applicablc in the unit￿ Kingdom gnd Republic of 1rd￿d IFRS IOZ), the Charities Act 2011, l￿d UK Generxlly Accepted Accounting Prac¢i The financial statements are prcpared on a going concern basis under the historical cost convention. modified to indude ceTtain irems ar fair The financial srgr.ements are presented in sterling which is thc funaion21 curycng of the thariry and rounded to the nearest L The 5igntfitrAnt accouniing poliucs applicd in thc prq)ar3tion of these f￿ancIa] statcmcnts are set out below. These policies have been consistendy applied to all year$ pre¥enred unless otherwise stgte(L Invc5tmcnt income is statcd gTO$S of any recoverdble f2x deductol 2nd included in income only when payable by the otgani5ation. Other income is induded in the finanaai statements on an acttuals bas1& Donations are tharged to the income and expenditutt account in the year in which thev are agreed. Other are induded in the finan￿￿ sratements on an accru9Js basis. The chatity 15 cxempt from incorne and capital gains tsx to the extent that income 2nd applied lor charitablc PUTtx)ses. R E CHADWICK CHARITABLE TRUST Notes to the Financial Statements fot the year ended 5 AP￿ 2024 nvesrme Investtnents are statcd in the balance shcct at their market value witb annual gains and losses on revaluation iw accounted for Aa the Statemeot of Fijjanciai Acuvities. Both reaiised 20d unrealised gad losses on invcstmen(g ate induded in othet recognisd gAins and los￿$ within the Statement of Fingncial Activities. Rcgjised gains and lo*scs on investmetits arc calculated Ls the difference betwecn dispos2] proceeds and clttyiog vgluc a¢ thc d￿C of ￿'S￿al. carr￿ vahle is the suo) of nwket value brought Eonvatd ai the be8inni4 of the accounting perAod and the cost of subsequent ￿quisitiOns. Ttu8tee8' remunLYAtiOn None of the rru5tees recelved any rernuneration for th¢ir work as a truste& The board of ttusttts represent thc kcy manwent personncl of the chariry. Accountancy Bank cha￿$ Subscription & conference costs 1232 112 99 1,479 Induded within Accountsncy ate fees for actin8 as an Indcpcndent Examiner. Income from inveitment8 Inve$tsncnts listed on a ttcognised stock excbangc or consisting of collective inve5tmcnts.' Dividends Dividends ftom unit twsrs Int¢rcst from L7K comiyAnies Intcrest frnm overseas cornFanie5 Dividends from ovetse8s compAtiies and unlt tntsts Interest on cash held 51179 8.852 I,)25 4.580 21,Tll 1490 91 97 49.459 8,831 1,125 8,613 19,077 F4uiry investments of £156,783 (2023: £130,02U) were donated to the tharirybyMtT P thadwick R E CHADWICK CHARITABLE TRUST Notes to the Financi￿ Statements for the year ended 5 Awil 2024 Direct charitable in8titutiong18rants The Eollowing gwAts were in the year to 5 April ?024. Ajive & Kicknog Th￿tTe ComwAy Alzheimer's S(Kiety Awards for Young Musioans BBC Chil(]ren in Need British Red tsoss Brodrick Trust Cardiac Risk ITh the young Uly C.erebr Chrxstiati Aid C.onscrvatinn Volunteets Cool Earth Acllon Crisis UK Cure Parkinson's Diabe¢es UK F.ffecuve Ventures UK Ernmaus Salford Faitfjdd Environment Ttust Flourishing Families Ltcds FIicnds of King's Holl Ilklcy Ilkley Churni Society Leeds Art r.und Leeds B2roque ILcd5 Community Foundation I£eds DO￿ Svndrome Nemrk I£eds Space LY4etwork Lceds TheAtrc Trust Leeds Weekend Care Association Lifdine (Harrogare) London Wildlife Tnst Macmilkn Can￿r Mancuniatl Way Martin House Children'5 Hospice e2nw 5(K) 1,2(K) 500 iOO 2.OCM) SW 1,0 10 R E CHADWICKCHARrrABLE TRUST Note8 to the FioancAal Statement8 for the yeat ended 5 AprAI 2024 National Trnst of Scotlaud Newcxsde univ￿lty 'orthern Ballet i.o( Patkinson's L'K Pdton Cot)ImuNtv Msoaation Plantjife Intcrnationai Prostate Cancet PSP A550aouon Ramblers Associ4tion Riding for the disabkd association Rccoop ILNIB ILNLI RSPB Salvxtion Atmy Sqfc Fafftilie5 UK SASH Sen Sightsavcrs St Andre￿5 Church Gsrgrave St knma's Hospice St C7eorge's Crypt St Michael's Churth, LiAtOA Swaledale Festival I'earfurKI The Grammar Sthool Leed3 Thc Trus.8cll'fru5t The Woodiaod Tntst Tommy's UNHCR Unicef University of l£icest¢r Wand5WOrth FLX)d Bank Water2id Weston & Denton PCC Yorkshitc Cancer Research Fund Ynrkshire D21es Lmille Apptcntersbip Yorkshire Funders Grant Zarach 5(K) 1,000 5iJ) 51x1 1,51KI 1,000 1,000 1,000 5iX) 1.000 1,000 2,0 4,1X)O 1.0 1.500 4,0(K) 1.000 1,000 2.iK)O 78.0(M) 61.7(K) li R E CHADWICK CHARrrABII TRUST Notes to the FiJAan¢iai Statements for the year ended 5 AP￿ 2024 Market value brought fonv2rd Add: additions to investments at cost/donateAJ vliue Disposals at carrying value Unrealised gain/a ) on revaiu2tion oss Market value cattied forwatd 3,023.903 1921.189 1.153.861 1,815,834 (1.012.970 (1508,6.iO) 168364 210,470 3 333 152 3.023 903 At historic cost at 5 April All investmcnts are listed on a rccogllised st(Kk exchang4 or consist of collective investments hulding other inve5tmcnts which ￿e Jisted on 3 reCLy1￿ stock exch2ng4 and are held withia the following catc£ories.' UK fixed interest securiti lJK Tr14uities Lollective investments Overseas equities overse￿ fixed interest Secutities 550,097 I.IK)1,360 257,886 1.460,289 50,925 1,746,t)55 249,869 615.082 361072 3.333.152 3,023.903 AU invest[n￿tS are held in nominee accounts. bur in al] other respccts at¢ considered to be direcdy hdd investtnen Dctwls of indi￿dUal invcstmcnt transactions are shown on pxges 14 to 18. Cash a¢ B8nk Rathbones: capital account income account bSD capitsl account Charitie5 Aid Foundation . bank account 41.854 13286 45J40 51,733 12,624 8.143 72,500 104.691 Accmal Fees Prep￿1￿ tht accounts and Independent ExgmirrdtiotL' Thornas Coomb5 Iimitcd 12(K) 12 R E CHADWICK CHARITABIE TRUST No￿8 to the FinancAal Statements for the year ended 5 Aprll 2024 Note of Hi8torlcai Cost Inco￿ and Expthditure Historical cost illcome gnd ewnditur¢ Difference betwtto historical cost gxios ￿l$trIg from the realisation of thc investmeot5 2nd the actUg1 profit/loss caLcu]ated using atrying values Unrcaiised Qosses)/￿10S of investments Movement in funds on Statemcnt of Financial Actsvitics 155,924 17,152 141,347 (1,747) 168,364 341,440 210.47 0,870 io. Funds The fund comprises the on￿n21 settled capital as 8djubt¢d Eor subsequent reali5ed aod unregjised irtvesrment 48ins and h)ssu, together with the annu￿ sutpluses or dcficits oEincom Th¢ t￿￿1¢cS Abk t() apply capital 2nd income for chatitAblc Pukposes as they think fil 2nd the accumulated fimd h95 therefore not been allocated to 6ep8rnte iacome and (¥4Pital fundN. 13