THE LANCASTER-TAYLOR CHARITABLE TRUST
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
CHARITY NUMBER 1106035
Page 1 of 13

THE LANCASTER-TAYLOR CHARITABLE TRUST
CONTENTS
PAGE
Reference and admini51r8tive inform8tion
Report of the trustees
4and5
Independent Examiner's Report
ststement of financial activities
Balance sheet
Cash flow statement
Notes lo the financial statement5
lOto13
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THE LANCASTER-TAYLOR CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
S L Edwards
RAJSmith
L D Dodsworth
Principal office
20 Cursitor Str88t
London
EC4A 1 LT
Charity registration number
1106035
Sollcitors
MacfaTlan8s Solicitor5
20 Cur$itor Street
London
EC4A 1 LT
Page3of13

THE LANCASTER-TAYLOR CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2025
The trustees present their report along with the unaudited financial sialemenls of The Lancaster-TaylorCharilableTrusl I'lhe trust" or.the
charity") for the year ended 31 March 2025. The financial slalemenls have been prepared in aCcOrdan￿WIth th¢ aGcounling poliaes sel
out in Note 1 to the accounts and comply with the Charities Act 2011, the requirements of the Charty's governing documents and
Accounting and Reporting by Charities.. Slalemenlof RecommendedPractice applicablelo charitie5 preparing their accounts in accordance
with the Financial Reporting Standard appliGable in the UK and Republic of Ireland - SORP FRS 102 (effective 1 January 20151.
The Iru5tees consider that an audit 18 not requiied this year Ltnder section 144 of the Charities Act 2011 and that an independe
examination is needed.
Structure, Governance and Management
The trust is an unincorporated Irusl. consbluted under a trust deed dated 6th August 2004. Charitable $lalus was approved on 24
September 2004 as a registered charity, number 1106035. The trust was settled by Steven Edwards and Dr Rosalind Smith who, logeth8r
with Lindsay Dodsworth, are the original trustees. New Iruslees may be appointed by the original Iruslees. The trustee5 me8t r8gularly and
decisions are made al Iruslees. meetings. The day to day administration of the charity is managed by the trustees.
The Iruslees have considered the major risks lo whlch the charSty18 8xposodand have reviewedthose risks and established systems and
procedures to manage those risks.
Training. particularly on governance, is providèd for the Irustses when required.
objectiv￿ and actlvltles for the publlc b8neflt
The incom8 and capltal of the trust C8n bg applied for charitable purposes al the discretion of the Iruslees. The prlmary focu8 of the trust is
currently on making grants lo a diverse range of edu¢alion organisalions for the furtherance of èducational excellenc8.
The Iruslees confimi that they h$ve referred lo the guidance contained in the Charity Commission's general guidance on publiG benefit
when reviewing the trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
Grant maklng pollcy
The trustees try lo idenlfy projects whleh can make a real difference to the futu￿ lives and coreers of students both those who are still at
school and those in high8r education, and lo facililala social mobilty. Grants are then made lo enable these projects lo be delivered.
FinanGlal revlew and Investment policy
Donations of £81,478 inclusive of gift aid were recewed during the year12024.. £nill. Charitable grants of £82,94212024'. £58,389) have
been made. The majorf(y of the charity's funds are deposited with banking institutions.
ReseNos policy
The trust forecasts expenditure and pla¢es the as5el$ in inve81menls that can be realised lo meet IhSs forecast expendiluro alongside
expected future income. The trust requires reserves to meet this forecast expendilureand it Is the ITuslees' opinionthat the ¢urrent level of
reserves of approximaÈly £18.000 is necessary lo meet this expected expendilureover tho short to medium term. All of the unreslricled
feserve5 are regarded as free reseNes.
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THE LANCASTER-TAYLOR CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2025 {CONTINUEDI
Statomont of In￿te6$. responslbilitles
The trustees are fespofflsible for preparin9 the Trustees. Annual Report and the financAal staleTnenl$ In accordan￿ wrth applicable law$ and
Unrted lQ"ngdom Ac¢gunting Standards IUnrte(l Kingdom Generally Aeeeptsd Accounting Pr*rAical.
The law applicablelo charf(igs in England and Wales iequiresthe Injstees to preparefinanualstatements for 6a¢h finan¢ialyearwhich give
true and fair view of the stsle of affairs of the charrty and of th• incoming resourc*8 and applicationof resources of the Charty for that
poriod. In preparing financial statements, the Iruslees are required lo..
selecl surtable accounting policies and then appty them consi51enlty-,
observe the methods and principles in the Charities SORP IFRS 1021.,
make judgements and eslSmales that are reasonable and prudent..
8tate whether applicableac¢ounling starKlard8 have been follow￿. sublecl to any material departures disclosed and txplalnod in tho
financial 5tatemenls.' and.,
prepare the financlal slatom6nts on th• golng concern basis unkss R is inappropriate lo presume that the tharity will eLintinue in
opefalion.
The ITuslee$ ore responsible for keepwng accounting records which disclose wilh reasonableaccuracy al any limg. the financial position of
the charty and which enable them lo en9ure that the financial ststemenls comply with the Charities Act 2011, the Charity (Accounts and
Rèports) Regulalion32008 and the provisions of the trust deed. The Irvstees are also responsiblefor safgguardingthe awls ol Ihe charrty
•nd h•nce for taking reasonabl• st•P5 for thg prevention and detectlon of fraud aryj other irrggulgrili•$.
Approvod by the trusl•e8 and 8igned on thelr b?haN by
L D Dodsworth
Trustee
Dats
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THE LANCASTER-TAYLOR CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LANCASTER-TAYLOR CHARITABLE TRUST
For the yoar ended 31 March 202S
I report on the Finanryal Slalemenls of the Charity for the year ended 31 March 2025. as sel out on pages 7 to 13.
Responslbllities and ba$ls of report
As the Charty's Truslees of the Charity you are responsiblefor the prgparation of the accounts in aecordancewrth the requirementsof the
Charit￿5 Aci 2011 I'lhe 2011 Act'l
Having satisfied myself that the accounts of the Charity are not required lo be audited under 5e¢lion 144121 of the 2011 Ad and are eligible
for independent examination, I report in respect of my examination of youi charity'5 aceounl$ as Carried out under section 145 of the
Charrties Act 2011 I'lhe 201 l Acl'l. In calrying out my examinationl have follgwed the Directions given by the Charity Commission under
section 14515} Ibl of the 2011 Act.
Independent Examinels Report
I have completed my examiniation. I confirm that no matleis have come to my attention in conne¢lion with the examination giving me cause
l. Accounting re￿rdS were not kept in re$pect of the Charrty as required by section 130 of the 2011 Act." or
2 The accounts do not accord with Iho$e records,. or
3. The accounts do not comply wrth Ihe accounting requirements of section 132 of the 2011 A¢t other than any requirement that the
4. The accounts have not been prepared in accordance with the methods and principle of the Slalemenl ol Recommended Piactice for
I have no concerns and have come across no other mattefs in connection with the examination to which attention should be drawn in this
Grabam Pa
Ensors Aeco
Saxon House
Moseley's Farm Business Centre
Fornham All Saints
Bury Sl Edm(tnds
IP28 6JY
eFC
nts LLP
Date
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THE LANCASTER-TAYLOR CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2025
Year ended
31 March 2025
Year ended
31 March 2024
Unre$trl¢ted
Fund$
Unrestrlcted
Funds
Income from..
Oonalions
Investments
81,478
140
365
Total Income
81,618
365
Expondltur•
Charilabb activities
83.480
58,389
Total 8xpgndlture
83.480
68,389
Net InGomoll•xpendlturel b•foro galnslllossesl on
In¥￿tments
11.8621
{68.0241
Net Ilo•v8Vg•lns on Inv•8tment•:
Realisod gain on invMtsnent •S8ets not previousl.
recognised
Net mo¥em•nt In lund•
11,8621
{58.0241
R8tx)n¢ili8lion of funds
Total funds brought foM•rd
19.694
77,718
Totsl lunds c•rrled lo￿rd
17.832
19,694
There afe no recognis•d gains or loss&s other than those induded in the Slal¢menl of Flnandal Actlvllies above.
The notes on pages 9 10 12 lorm part ol the8e fin8na#l slal•m•nts.
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THE LANCASTER-TAYLOR CHARITABLE TRUST
BALANCE SHEET
AS AT 31 March 2025
2025
2024
Unrestricted
Funds
Unrestricted
Funds
Note
Fixed assets
Investments
Current assets
Cash at bank and in hand
18,072
19,694
18,072
19,694
Crediiors- amounts falling due withln
ona year
12401
Net ¢urront assets
IY,832
19,694
19.694
Not as6ets
17,832
Thg funds of the charity
Unreslrieted income funds
17,832
19.694
The notes on pages 9 10 12 form part of th8se financial slatemenis.
Approved by the Iruslees on
Ll fiLI
and signed on their bahalf by..
L D Dodsworth
Trust99
Page8of 13

THE LANCASTER-TAYLOR CHARITABLE TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 March 2025
Year ended
31 Mareh 2025
Year endod
31 March 2024
Note
Net cash loutflowylnflow from operating activities
11
(1,7621
158,3891
Cash flow from Investlng activitiès
Investment income receipts
140
365
Net cash Inflow frorn investing actlvltles
140
365
Net IdecreasellinGrgaso In cash and eash equivalents
11,6221
158,024}
ash and cash equlvalents brought forward
19,694
77,718
Cash and cash equivalents Carri￿ forward
18.072
19,694
Cash and Gash oqulvalents con$i$t of..
Cash at bank and in hand
18,072
77,718
Cash and cash equival•nts at 31 March 2025
18,072
77,718
Thé nots$ on pagos 910 12 forln part of Ihe$e financial slalemenl$.
Page9of13

THE LANCASTER-TAYLOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
1 ACCOUNTING POLICIES
General Infom)ation
Tre Lancasler-Tayloi Charffable Trust I'the ITusI° of 'lhe charity'} is a registered charity {charty number 11060351 whose principal
object is to use the income of the charity to make grants lo a diverse range of education organisalions for the furtherance of
educational excellence. The address of its registered office is 20 Cursitor Street, Londoll, EC4A 1 LT.
Basis of preparatlon and assessment of going concer
The finan¢ial statements have been prepared under the historic cost convention, modffied lo indude the ￿valUatiOn of investments in
accordance with Accounting 8nd Reporting by Charities.. Statement of Recommended Practice applicable to charf(ies preparing their
account5 in a¢cord8nce with the Financial Reporting Standard applicable in the United Kingdom and RepubliGof Ireland- SORP IFRS
1021, the Charities Act 2011 and UK Generally Accepted Practise as il applies from 1 January 2015.
The charty conslilutes a public benefit enlty a5 definèd by FRS 102.
The trustee5 consider that, given the subslanlial nel asset base of the charity and it5 ability lo manage its grant making within the
resources available lo it, there are no material un¢xrtainlies about the Gharills ability lo Gonlinue 85 a going concern.
The significant accounting policies applied in the preparation of these financial stgtemenls are sel out below. These policies have been
consistently applK?d lo all years presented unless otherwise slated.
Funds Structure
Unrestricted income funds comprise those funds which the tN$tees are f￿e lo use for any purpose In fiJrtherancA of th¢ ¢h8rilable
objects. UnrestriGted funds indude designated funds where the Iru8leg8, al their discretion. havo ¢reated a fun¢J for a specific purpose.
InGome
All income is re￿gnised one8 the charity has entillementl¢ the funds, it is probabl&that the funds wlll b8 r8caNad within the charity
and the monetary value of the Income can be measured with sufficient re118bilily.
Donatlons
Donations received for the general purposes of Ihe charity are credited lo unreslrlcted funds. Donalionsfor purposes restrlcted by the
wishgs of Ihg donor aTg Grediled lo re$tri¢led fund5.
Investment Income
Investment income repre8enls dividends and interest recèivable from investments.
EX￿ndItUre
All expendrture is accounted for on an accrual$ basis and has been classified under headings that aggregate all cos15 related lo th
category. Expendrture is recognised where there is a legal or conslruclive obligation to make payments lo third parties, f( IS PTobable
that the selllement will be required and the amount of the obligation can be measured reliably.
Charllable activllies include grants payable lo third parties in ftjrtherance of the charitable oblectlves of the charity and inctude both the
direct costs and support costs relating lo these activities.
Irrecoverable VAT is charged as an expense against the acllvity for which th? expenditure was incurred.
Giants payable to third parties are within the charf(y's objeclwes. Where unconditional grants are offered, this is accrued as soon as
the recipient is notified of the grant. as this gives rise to a reasonable expertation that the reripienl will reGeive the grants. Where
grants are conditional relating to performance then the grant is only accrued when the recipient is notified of the grant and any
unfulfilled conditions attaching lo the grant are outside of the control of the charity.
Page10of 13

THE LANCASTER-TAYLOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
1 ACCOUNTING POLICIES {CONTINUED)
Support costs allocation
Support Costs are those functitsns that assist the work of thè charity but do not d1￿cl1Y represent charitable activities and indude
govemance costs. Governance costs are those incurred in the governance of the charity and Its assets and are primarily associated
with conslilutional and slalulory requ1￿mentS. These costs have been allocated between eosl of raising funds and expenditure on
charilableaclivibes as deemed Approprialeby the Irusle6s. The bases on which support Costs have been allocatedare set out in Note
Investments
Investments are recognised iniliallyat fair value which is nomiallythe transaction price including transaction costs. Subsequently, they
are measured 31 fair value with changes raeognised in 'nel gains I Ilossesl on inve51menls' in the Statement of FinancialActivilies if the
shares are publicly traded or their fair value can otherwise be measured reliably.
The fair value of listed investments is determined by rèference lo the quoted price being the Stod( Exchange mld-price.
Current asset investments are short term hi9hly liquid investments and are held al fair valuè. These include ￿sh on depo811 and cash
equivalents with a maturity of less than one year.
Realised and unrealised gains and lossos
All gains and losses are tsken lo the Statement of Financial Activi118s as they arise. Realised gains and losses on investments are
fecognised on disposal of investments and are calculated as the difference between sales proceeds and opening market value
(purchase date rf lalerl. Unrealised gains and losses are calculated as the difference be￿e6￿ the market value at the year end and
opening market value lor pur¢hase dale If lalerl. Raalised and unrealised gains ale separately Stated in the Stalemonl of Financial
Aclivilies.
Dobtors and credltors reGolvablelpayable wlthln one year
Debtors and creditors with no $laled interest rale and receivable or payable within one year are re¢orded at transaction price. Any
105ses arising from impairment are rècognised in Expenditure" within the Slalemenl of Financial Activities.
FSnan¢lal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 8a$ic financial
inslfumenls a￿ recognised al Ir8n$action valuÉ
Judgements and key sourc6s of •stlmation uncertainty
In applicalionof the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions aboutlh8
carrying amount ol assets and liabilities that are not readily appa￿nI from other sources. The eslimales and assoclaled assumptions
are ba8ed on historical experien￿ and other factor$ that are consldered lo be relevant. Actual results may differ from these eslimales.
The eslimales and underlying assumptions are reviewedon an ongoing basis. Revisions to accounting estimates are recognised in the
period in which the estimala 1$ revised, if the revision affects Only that poriod, or in the period of the ￿vIsion and future periods if the
revision affects both current and future periods.
There are no 8slimale$ and assumptions which have a significant risk of causing material adjuslmenl to the carrying amount of assets
and liabilities within the financial stalemenl,,
Page11of13

THE LANCASTER-TAYLOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
2 Truste9s remuneratlon
No trustee received any remuneialion during the year nor reclaimed any reimbursed expenses.
Year onded
31 March 2025
3 Income from donatlons
Year endod
31 March 2024
Don81ions received
Tax recoverable on donations
65,182
16,296
81,478
4 InGome from Investments
Year ended
31 March 2025
Y8ar ended
31 March 2024
365
Interest- Cash
140
140
365
5 Analys1# of charitable èxp•ndlturo
The charity undertakes its charitable adivities through grant making and awarded grants to a number of e¢Jucallon
organis81ions in furtherance ol ils charitable activities..
Grantfunded Support and
Total
actlvity
govomance costs
2025
Totsl
2024
Funded from unrestricted funds..
Education organi5alion3
82,942
538
83,480
58,389
6 Analy818 of grants
Total
Recipionts of 9ranls lo inslltutions..
University of the Arctic
Other educational institutions
81,942
1,000
82,942
7 Support and governance ¢08ts
Year ended
31 March 2025
Year ended
31 March 2024
240
21,000
Bank charges
Legal and professional fees
298
240
538
21,240
Page 12of 13

THE LANCASTER-TAYLOR CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
8 Credltors: amount$ falling due within one year
2025
2024
Creditors
Accrual$
240
240
9 Relatod party transactions
Dr Rosalind Smith. one of the Principal Trustees, made a donation of £65,182 during the year {2024.. £nill.
10 Controlllng party
The charity 1$ under the control of the trustees.
11 Reconclllatlon of not movoment In funds to not cash flow
from operatlng activltles
Yèar anded
31 March 2025
Year ended
31 March 2024
Net movement In funds
11,862}
158,0241
Nel Igainslllosses on investments
Income from investments
Decr&ase in debtors
In¢reaselld8cr8aso1 in creditors
11401
13651
240
Nel cash {ouffiowllinflow from operating adivilles
{1,7621
168,3891
12 Flnanclal instrumonts
The Carrying amount of th• charity's financial instruments arg as follow5..
2025
2024
Financi81 liabilits8s
Measured at amoflised cost..
- creditors
accruals
240
13 Fundlng commitments
AS a131 March 2025, the charity had not made any fvlure funding commilmenls.
Page13of13