REGISTERED COMPANY NUMBER: 05300961 {England and Wales) REGISTEREO CHARITY NUMBER: 1107327 REPORT OF THE TRusfEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 FOR ThE EDWARD AND DOROTHY CADBURY TRUST J W Hlnks LLP Chartered Accountants and Statutory Audltors 19 Hi8hfield Road Edgbaston Birmingham B15 3BH
THE EDWARD AND DOROTHY CADBURY TRUST CONTEMfs OF THE FINANCIAL STATEMENTS FOR THE YEAR INDED S APRIL 2024 P•8e Report of th• Trustee$ I to 8 Report of the Indyndent Audlttlrs 9 to 11 5tJtement of Flnand•l Acdvllles 12 Balance Sheet 13 Notes to the Flnanclal Ststements 14 to 27
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 The trustees, who are also director5 of the charity for the purposes of the Companles Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2024. The trustee5 have adopted the provisions of Accounting and Reportlng by Charities.. Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND AcfiviTIES Objectives and alms Pur . oses and aims The original charity wa5 establlshed by Edward and Dorothy Cadbury In 1928 for benevolent purposes. The Interests of the founders focused on social welfare, music, nature, education and training and reflected the Quaker values of simplicity, equallty. justice, peace and care of the envlronment. These Snterests and values have helped shape the grantmakln8 policy of the charlty and the trustees believe that their mission today is as relevant as It Wa5 when Edward and Dorothy Cadbury first identified the need to SUPPOrt the local community. The Intere5t5 of the founders and the trustee body therefore particularly focus on supporting the voluntary sector, music and the arts, children's charities and dlsadvantaged groups in the West Mldlands and Worcestershire. In 2004 the trustees took the decision to set up an incorporated charlty and to give greater deflnltSon to the objectives of the charity. The objects of the newly formed charity became '5uch exclusively charitable purposes, includlng the advancement of citizenship or community development, relief of those In need by reason of youth, age, 111 health, disablllty. financial hardship or other disadvantage, advancement of art5, heritage and science and other purposes beneficial to the communlty, as the trustees may decide." The trustee5 believe that these objects fully reflect the original alms of the charity and respect the legacy of its founders whlle recognlslng the need to interpret 'benevolent purpose within a modern day context In a meaningful way. nsurinLour work deliv rso ims We review our aims, objectives and activities each year. This review looks at what we achleved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps u5 to ensure that our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained In the Charity Commlssion's general guidance on publSc beneflt when reviewing our alms and objectives and in planning our future activitles, In particular, the trustees consider how planned actlvltles will contribute to the alms and obiertlves they have set, The fo s ofour work The focus of our work continue5 to be that of a charlty set up to 5UPPOrt the following areas, Art5 and culture. Community projects and engagement. Compassionate 5UPPOrt, Conservation and the environrnent. Education and tralning. Grantmaking 5trate8y The charity operates solely as a grant givin8 charity and u5e5 its annual investment income to fund a programme of grant glving that focuses on the flve main categorles detailed above that the trustees believe sensibly reflect the objectlves of the charity. Page I
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 053009611 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Grdnt maklng pollcy and procedures The charlty only makes grants to re8lStered charities and not to individuals. An application ft)r funding may be made at any time and should be submitted via the on-line application system at www.e-dcadbu rust.or .uk. or by email or post to the trust manager. The trustees request that the application should provide a clear and concise descrlption of the project for which the funding is required as well as the outcomes and benefits that it Is intended to achieve. They also require an outline Duagei anci expiandiiUII UI I IVW Lfir yi Vj¥iL IS LV UC IUI iuru il IILlaily ai lu il i Ll i¥ I1 report and accounts for the charlty. Applications for fundin8 are generally considered within a three month timescale. Before awarding a grant, the trustees assess appllcatlons against the charity'5 oblettlves and the CharSty Commi55ion's public benefit 8uidelines to check that public benefit criteria are met. The charlty usually makes grant5 which vary in size between £1,000 and £5.000 with grants belng made on a one-off basis for a specific purpose of part of a project. 518nlflcant projects or capital appeals may on occasion attract larger grants up to the value of £20,000. All 8rantee5 are asked to complete an outcome report form to confirm how the grant has been used and to provide feedback for evaluation by the trustees. This form15 also available on-llne at Ww0CadbuT trus Publlc benefft The trustees confirm that they have referred to the Charity Commission'5 general guidance on publlc benefit in reviewin8 the chorlty'J and objectlves and have taken du• regard of its content in confirming its grantmHking strategy for the year ahead. Grant applications are also assessed for public benefit criteria. Page 2
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 053009611 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 ACHIEVEMENT AND PERFORMANCE Charftable activities The charity's grant givlng embraces a wide range of activlty which thereby en5ure5 that public benefits are a150 well diversified. The main beneficiaries from the charity's 2023-2024 grant giving programme were the public generally through the support of local events (arts and culture},' communlty groups and projects In both inner-city and rural area5 IcommunSty projects and engagement},' the provision of services for those sufferlng from illnesses or life threatening conditions and support for their families and carers Icompa5sionate support),. projett5 to raise awareness of conservatlon and environmental issues particularly encouraging school children to particlpate Iconservatlon and environment),. and educatlonal opportunities for young people, outreach work and skills trainin8 (education and training). By providing grants within these areas the trustees believe that thelr strategic priorities have been achieved. Lar8er awards in the 2023-2024 financial year have included the followln8. A grant of £5,000 awarded to the Birmingham Children's Hospital towards the £1.5 mllllon appeal to ensure the hospital has cutting edge IMRI scannSn8 equlpment. A grant of £15,000 w85 awarded to Birmlngham Women's Hospltal Charlty for the fitting out of Woodland House, a new centre provldin8 dedicated bereavement care for baby loss, and for the plantIn out of the surrounding therapeutlc 8arden areas, A grant of £10,000 was awarded to Family Care Trust to help finance the tonstructlon of a new two-storey canteen and activity centre to support adults with learning disabilities. Agrant of £5,500 was awarded to Wolverhampton Youth Zone to support"Growln8 Futures" sesslonal activities and the purchase of equipment. A grant of £5,000 was awarded to Cerebral Pa15y Mldlands to support the cost of provldlng transport. A grant of £5,000 was awarded to Fareshare Midlands to help tackle rising food poverty for the most vulnerable and disadvantaged people in Blrmingham and the wider West Midlands during the c05t of Ilvlng crlsls. A 8rant of £5,000 was awarded to New Hope Global to help support a communlty prolect facilltatSn8 social connections and integration in the Aston, Lozells and Perry Barr area5 of Birmingham. A grant of £5,000 was awarded to Acorns Children's Hospice towards the cost of providln8 palliative nurslng care at the charity's Black Country hosplce. A grant of £5,000 was awarded to Marle Curie towards the cost of providing end of life care at home in the Mldlands. io. A grant of £5.000 was awarded to Shakespeare Hospice towards providin8 bereavement support services. ii. A grant ot £5,000 was awarded to St Rlchard's Hosplce to provlde short-term intensive support to help empower patients to self-manage complex symptoms. 12. A grant of £5,000 was awarded to the Foundation for Conductive Education towards the charlty's Red Boots School project for disabled children a8ed between 5 and 11 years, 13. A 8rant of £5,000 was awarded to the Jericho Foundation to support the18nition Partnership project which offers employability and coaching skills workshops to community organisations. Page 3
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961} REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 The trust also awards many smaller grants which are just as beneficial to the charity concerned notwithstanding the size of the or8anisation or the scale of the project. Where approprlate, the trustee5 may visit an organi5ation to get a better understanding of a funding application or to follow-up on a grant that has already been made to a55ess the progress of a project. A full list of the charlties supported by the charity during the year ended 5 Aprll 2024 is disclosed in note 7 to the 111 lal listii >i•icfiiènL). M LViOI Vl ai li r?£7 1 ?n 1 no tnt211inn ¢?1 In the previous financial year. A total of 168 grant applications were received during the year ended 5 April 2024 12023: 1621. The year ended 5 April 2024 continued a diverse and effective programme of grant giving particularly in response to the impact of the cost-of-living crisls. FINANCIAL REVIEW Flnandal posltlon As at 5 Aprll 2024 the charity's net assets stood at £9,711,825 compared with £9,041,697 as at 5 April 2023. Durlng the 2023-2024 reporting period the Investment portfollo generated an income of £246,22912023: £237,190) which was in excess of the dividend target of £2Crf),000, The trustees reconfSrmed the charity's ethical investment policy as part of the annual review of policie5 and procedures. A further screenin8 analysis of the charity's portfolin was Iindp.rtakp.n hy QLJilter Cheviot during the financial year ended S April 2024. As at 5 April 2024 the charlty's holding in the Charitles Property Fund ICPFI was valued at £274,83512023.' £291,133). The charlty's CCL4 COIF deposit fund account balance was £117,740 at 5 April 202412023,, £112,159). Investment pollry and oblectlves Investments are made takin8 a long term view usln8 a wlde range of investment vehicles to achieve stablllty and growth within a well dlversified portfollo, The 8uidin8 principle of the trustees, investment policy is to seek to maintain. In the long term, a balanced portfolio without undue overall rlsk that aims for both Sncome and capital growth in real terms, The trustees seek to ensure that the charity's investments are consistent with the purpose5 and values of the charity. They therefore aim to avoid investments in companies whose main business is in tobacco, armaments, gambling or alcohol and to invest in those companies deemed to make a positive contribution to the environment and the community and evidence corporate social responsibility. Reserves pollcy Unrestrlcted reserves (IS di 5 April 2024 amouiited to £9,711,82512023.' £9,041,697). It is the trustees, policy to distribute the income from its investments to fund its 8rantmaking programme whilst maintaining a sufficient level of funds to ensure the longevity of the charitv. While the trustees consider it prudent to retain sufficient reserves to cover its operational costs they have the power under the charity's governing documents to utilise both income and capital for charitable purposes at their discretion and therefore do not conslder it necessary to maintain any further reserves. Pa8e 4
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961) REPORT OF THE TRUSTEES FOR THEYEAR ENDED 5 APRIL 2024 FUTURE PLANS In determining the charity's investment objectives for 2024-2025 the trustees have agreed with the charity's discretionary manager, Quilter Cheviot, that the annual income target should remain at £200,000 in response to continuing volatility in the financial markets. A total return exceeding the MSCI PIM FA Private Investor Balanced Index was retained as the benchmark for investment performance. In terms of the grant givin8 programme the charity's main aims and objectives In the forthcoming year will be to bulld on and enhance the programme of grant 8ivin8 undertaken during the year ended 5 April 2024 to support charltles, principally withln the West Midlands area, to help rebuild and sustain projects which encourage communlty development and cohesion, provide compassionate support to those In need and promote educatlonal, cultural and environmental projects for the benefit of the public. As a matter of good practice the trustees will continue to vlslt or8anisations where a grant of hl8h value has been made or the activity 15 of particular interest to the charlty in terms of future development. This has proved a helpful way of buildin8 up posltive relationships with grantees, providing networking opportunities and enabling a better understandSn8 of the challenges organisations face. STRucfuRE, GOVERNANCE AND MANAGEMENT Governln8 document The charity Is controlled by its 8overnln8 document, a deed of trust, and constitutes a limited company, limited by guarantee, as deflned by the Companies Act 2006, The Edward and Dorothy Cadbury Trust was Incorporated on 30 November 2004 (registered company number 5300961) and was granted charltable status on 17 December 2004 Iregistered charity number 11073271. The Edward and Dorothy Cadbury Trust is a company limlted by guarantee and is governed by its memorandum and articles of association, The IlabS1ity of members is limited with each member 38reeing to contribute up to £10 in the event of the charity windln8 UP. Recrultment and appolntment of new trustees The charity is governed by a board of trustees who have a wlde varlety of skllls and experience whlch reflect the maln areas of interest of the charity, The minlmum number of trustees is three. In the appointment of new trustees a potential nomlnee is invited to attend at least two meetings of trustees as an obSeer. This initiates a two-way process enablin8 both the observer and exi5tin8 trustees to learn more about each other before any appointment is finalised. Background Information is provided to the nominee at this stage and Includes biographlcal Information about Edward and Dorothy Cadbury, a copy of the charity's memorandum and artlcles of associatSon, a copy of the charity's latest annual report and accounts, mlnutes of the previous two trustees, meetings and a copy of the charity's grantmaking policy and appllcation guidelines together with the Charity Commission's publication The Essential Trustee All of the trustee5 glve their time voluntarily and recelve no beneflts from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements. Page 5
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961) REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Organisational structure The trustees are collectively responsible for the strategy and good governance of the charity. Under the terms of memorandum and articles of association at least three meetings must be held each year. During the year ended 5 April 2024 four general meetings were held. I I ie ti uei¥ts(Ite 15 111371 VS¥i77¥1 ib ylly vgy-%v-¥gy vysl 94iyi i 01 41 IF bi iwi I&yi bvi%i iifi set VViiCis•1 tl secretary/trust mana8er. The chair and company secretary/trust manager meet on a re8ular basls. The trustees authorlsed Qullter Cheviot to manage the charity's investment portfolio on a discretionary management basis for the year ended 5 April 2024. Following a year end review the trustees have agreed to continue thi5 arran8ement for a further 12 month period. Indurtlon and tralnln8 of new trustees Training needs are identified and any arran8ements are made on an Indlvidual basls once an appointment has been made. Rlsk rnanagement The trustees have a proactive approach to risk management and review and monitor operational and financial rlsks at each meeting of trustees throLi6h the use of a risk assessment matrix. The trustees are satisfied that appropriate measures and effective 5VStems are in place to mitigate those risks. Fundialslng The charity did not engage in any fundraislng activltles Involving thlrd parties and members of the publlc to generate charitable income durin8 the years ended 5 April 2023 and 5 Aprll 2024. The majorlty of the charity's income Continues to be derived from the charity'5 investment portfolio. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 05300961 {England and Wales) Reglstered Charlty number 1107327 Re8lstered offl¢e Rokesley University of Birmiiighain Selly Oak Bristol Road, Selly Oak Birmingham B29 6QF Page 6
THE EDWARD ANO DOROTHY CADBURY TRusf {REGisfERED NUMBER: 053009611 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Trustees Mrs P.S. Ward Mrs S.E. Anfilogoff MrsJ.A. Cadbury Mrs J.E. Gillett Mrs J.F. Hi88ins DrJ.A. Russell Chair Company secretary and trust mana8er Mlss S. Anderson Audltors J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Hi8hfield Road Ed8baston Birmingham B15 38H Bankers HSBC plc 148 Hi8h Street Harborne Birmlngham B17 9PN CCLA Fund Managers Limited One Angel Lane London EC4R 3AB Investment advlsers Quilter Cheviot Limlted Two Snowhill Birmingham B4 6GA Savills Investment Management LLP 33 Mar8aret Street London WIG OJD STATEMENT OF TRU5TEES' RESPONSIBILITIES The tru5tee5 Iwho are a150 the directors of The Edward and Dorothy Cadbury Trust for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accountin8 Practice). Pa8e 7
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued Company law requires the trustees to prepare financial statements for each financial year whlch glve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements. the trustees are required to select suitable accountlng policies and then apply them consistentlv,. observe the methods and principles in the Charity SORP,. I I ie juUtsCI Itci ILJ ai IL4 ¢JLliiiaLf) 11 ai f i Iv yi iiUEfit' prepare the financial statements on the 8oln8 concern basis unless It Is inappropriate to presume that the charStable company will continue in business. The trustees are responsible for keeping proper accounting records whlch disclose with reasonable accuracy at any time the financial posltion of the charitable company and to enable them to ensure that the flnanclal statements comply with the Companies Act 2006. They are also responsible for safe8uardin8 the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there Is no relevant audlt Information of which the charitable company's auditors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors, J W Hinks LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance wlth the special provisions of Part IS of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on l July 2024 and slgned on Its behalf bv.. TrFkL(>P . < Philippa S Ward - Trustee Page 8
REPORT OFTHE INDEPENDENT AUDITORS TO THE MEMBERS OF THE EDWARD AND DOROTHY CADBURY TRUST Opinion We have audited the financial statements of The Edward and Dorothy Cadbury Trust Ithe 'charitable company.) for the year ended 5 April 2024 which comprise the Statement of Financial Activities. the Balance Sheet and notes to the financial statements, including a summary of significant accounting policie5. The financial reporting framework that has been applled in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statement5'. give a true and fair view of the state of the charltable company's affalrs as at 5 April 2024 and of it5 Incoming resources and application of resources, including its income and expenditure, for the year then ended,, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responslbilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical respon5iblllties In accordance wlth these requirement5. We belleve that the audit evldence we have obtalned is sufficient and appropriate to provlde a basls for our opinion. Concluslons relatln8 to 8olnR concern In auditlng the flnancial statement5, we have concluded that the trustees, use of the 8olng concern basls of accountSn8 in the preparation of the financial statements Is appropriate. Based on the work we have performed, we have not identified any materlal uncertainties relating to events or condStions that, indivldually or collectlvely, may cast signlficant doubt on the charltable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for Issue. Our responsibilities and the responsibilities of the trustees with respect tQ 8oin8 concern are described Sn the relevant sections of thls report. Other informatlon The trustees are responslble for the other informatlon, The other Informatlon comprise5 the information Included In the Annual Report, other than the financial statements and our Report of the Independent Audltors thereon. Our opinlon on the flnancial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, In doing so, consider whether the other information is materially inconsistent wlth the financial 5tatement5 or our knowledge obtained in the audlt or otherwise appears to be materially mSsstated. If we identify such material inconsistencies or apparent material misstatements, we are requlred to determine whether thls 8lves rise to a material misstatement in the financlal statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of thls other informatlon, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Report of the Trustee5 ha5 been prepared in accordance with applicable legal requirements, Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE EDWARD AND DOROTHY CADBURY TRUST Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtsined in the course of the audit, we have not identified material misstatements In the Report of the Trustees. We have nothing to report in respect of the followin8 matters where the Companies Act 2c6 requires us to report to you if, in our opinS0n'. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made; or we i lavè I Ivi l éLVIVCU dll Ll Ir iiiivi 111OLiUI i ai Iu Ci4Vlai IClLiVI IJ i È4i411 s iyi Viii ubd the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responslbllltles of trustees As explained more fully In the Statement of Trustees, Responslbilities, the trustees (who are also the dlrectors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparatlon of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the flnanclal statements, the trustees are responsible for assessing the charitable company's abillty to continue as a going concern, dlsclosing, as applicable, matters related to going concern and using the going concern basis of accounting unle55 the trustees either intend to liquidate the charitable company or to cease operations, or have no reallstic alternatlve but to do so. Our re5ponslblllties forthe audlt of the flnanclal ststements Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor5 that includes our opinion. Re.asonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Mlsstatements can arise from fraud or error and are considered material if, Indlvldually or in the a8gre8ate, they could reasonably be expected to influence the economlc decisions of users taken on the basls of these financial statements. The extent to which our procedures are capable of detettin8 irre8ularltles, includlng fraud is detailed below.. enquiring with management and others to gain an understanding of the or8anisation Itself Including operations, financial reporting and known fraud or error; evaluating and understanding the internal control system,. performin8 analytlcal procedures as expected or unexpected varlances In account balances or classes of transactions appear,, testing documentation supportlng account balances or classes of transactions. and confirming account5 receivable and other accounts with a third paity. Because of the inherent lirTllt<ltioris ol dl) audiL, Lhere is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increase5 the more that compliance with a law or regulation is removed from the event5 and transactions reflected in the financSal statements, a5 we will be le55 likely to become aware of instances of non-compliance. The risk is also greater re8ardin8 irregularities occurring due to fraud rather than error, a5 fraud involves intentional concealment. forgery. collusion, omission or misrepresentation, A further description of our responsibillties for the audit of the financial statements Is located on the Financial Reporting Council's website at www.frc.org.uklauditorsrespon5ibilities. This description forms part of our Report of the Independent Auditors. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE EDWARD AND DOROTHY CADBURY TRUST Use of our report This report is made solely to the charitable company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibllity to anyone other than the charitable company and the charitable company's members as a body, for our audlt work, for this report, or for the opinions we have formed. Jol James CrL+S EA, FCCA, Bsc (Econl Hons (Senior Statutory Auditor) for and on behalf of J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Hi8hfield Road Edgbaston Birmingham B15 3BH l July 2024 Pa8e 11
THE EDWARD AND DOROTHY CADBURY TRUST STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5 APRIL 2024 2024 Unre5trlrted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 50,IJI)O 50,000 Investment income r li i¥Gf,e 270,425 250,689 Total 322,765 300,689 EXPENDrruRE ON Raislng funds 31.206 31,313 Charltable actlvltles Grants payable Support costs 267,130 22.978 218,526 19,258 Total 321,314 269,097 Npt eAins/llnssp81 nn invp,.stmp.nf.8 668.677 1964,8781 NEf INCOMEI(EXPENDITURE) 670,128 1933,2861 RECONCILIATION OF FUNDS Total funds brou8ht forward 9,04L697 9,974,983 TOTAL FUNDS CARRIED FORWARD 9,711,825 9,041,697 The notes form part of these financial statements Pa8e 12
THE EDWARD AND DOROTHY CADBURY TRUST IREGISTERED NUMBER: 053009611 BALANCE SHEET 5 APRIL 2024 2024 Unrestricted nd 2023 Total funds Notes FIXED ASSErs Investments 12 9,441,208 8,803,495 CURRENT ASSETS Debtors Cash at bank 13 16,873 265,019 25.196 223,814 281,892 249,010 CREDITORS Amounts fallln8 due wFthin one year 14 111275) 110,8081 NEf CURRENT A55Ers 270,617 238,202 TOTAL ASSETS LESS CURRENT LIABILITIES ,711,825 9,0fj1,697 NET ASSETS 9.711,825 9,041,697 FUNDS Unrestricted funds 15 9.711,825 9,041,697 TOTAL FUNDS 9,711,825 9,041,697 These financial statements have been prepared in accordance with the provlslons appllcable to charltable companies subject to the small companies reglme. The financial statements were approved by the Board of Trustees and authorised for i55ue on l July 2024 and were Sl8ned on its behalf by.. Philippa S Ward - Trustee The notes form part of these financial statements Page 13
THE EOWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS roft THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANQAL STATEMENTS General informatlon The Edward and Dorothy Cadbury Trust is an incorporated charity registered with the Charity Commission in England and Wales. The address of the charity's registered office and principal place of business is located at Rokesley, Unlversity of Birmingham Selly Oak, Bristol Road, Selly Oak, Birmingham, B29 6QF. Accounting conventlon The financial statements of the charlty, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitles SORP IFRS 1021 "Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charitles preparing thelr accounts in accordance with the Financlal Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 leffective l January 20191" Financial Reportin8 Standard 102 "The Financial Reportin8 Standard applicable In the UK and Republlc of Ireland", the Companles Act 2006 and the Charities Act 2011. The financial statements have been prepared uslng the hlstorlc cost conventSon as modlfled by the revaluatlon of investments and are presented in sterling which is the functional currency of the charity, rounded to the nearest £1. The signlficant accounting policies applied in the preparatSon of these flnanclal statements are set out below. These pollcles have been consistently applied to all years presented unless otherwise stated. FINANCIAL REPORTING STANDARD IOZ. REDUCED DISCLOSURE EXEMPTIONS The charity has taken advantage of the following disclosure exemption in preparlng these financial statements as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland the requirement of Sectlon 7 Statement of Cash Flows. INCOME All income is reco8ni5ed in the Statement of Financial Activities once the charlty has entitlement to the funds, It Is probable that the income will be received and the amount can be measured reliably. Grants recelvable from other thlrd parties are recognised at falr value when the charity ha5 entitlement after any performance conditlons have been met, It Is probable that the Income wlll be recelved and the amount can be measured reliably. If entitlement Is not met then these amounts are deferred. Investment Income Is earned through holding assets for Investment purposes such as quoted investments. It includes dividends and Interest receivable. Intome from quoted Investments Is recognlsed on an accruals basis at the tlme a dividend Ss declared and the quoted investment become ex-dividend. Income from bank deposits is accounted for on an accrua15 basis. EXPENDITURE All expenditure 15 accounted for on an accruals basis and has been classified under headin85 that a88re8ate all costs related to the category. Expenditure is reco8nised where there is a le8al or constructive obli8ation to make payments to third parties, It is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings. Page 14 continued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMErs- contlnued FOR THE YEAR ENDED S APRIL 2024 ACCOUNTING POLICIES- continued EXPENDITURE o Costs of raising funds. o Expenditure on charitable activltles. Support Costs are those that assist with the work of the charty but do not directly present charitable activities and include office costs, governance costs and other adminlstrative costs. Grants offered subject to conditions which have not been met at the year end date are noted as a commltment but not accrued as expenditure. TAXATION The charity Is exempt from corporation tax on Its charltable activltles. INVESTMENTS Investment assets which mainly comprlse Investments quoted on reco8nised stock exchan8es are included at market value at the balance sheet date, Realised gains and losses on investment disposals are computed by comparlnK net sale proceeds wlth their carrylng value at the prevlous balance sheet date or cost if acquired durlng the period under review. Unreallsed gains and losses on investments represent the ditterence between thelr carrying value and their mid-market value at the balance sheet date. CASH AND CASH EQUIVALENTS Cash and cash equivalents Include deposlts held at call with banks and other third parties. FINANCIAL INSTRUMENT5 The charlty only ha5 financSal assets and Ilabllities of a kind that quallfy as baslc financial Instruments. Baslc financial Instruments are initially reco8nised at transactlon value and subsequently measured at amortised cost. FOREIGN EXCHANGE Transactions in currencies other than pounds sterling are recorded at the rates of exchan8e prevailin8 at the dates of transactions. At each reportin8 end date monetary asset5 and liabilltles that are denomlnated In foreign currencies are retranslated at the rates prevailing on the reportlng end date. Gain5 and losses arisin8 on translation in the period are included In Income and expendlture. FUND ACCOUNTING Unrestritted funds can be used In accordance with the charitable objectives at the dlscretion of the trustees. Restricted funds can only be used for particular restrlcted purposes within the objects of the charity, Restrictions arise when specified by the donor or when funds are raised for partlcular restricted purposes. Further explanation of the nature and purkKise of each fund is Included in the notes to the financial statements. Pa8e 15 continued.,.
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 ACCOUhmNG POLICIES- Contlnued GOING CONCERN The financial statements have been prepared on a goin8 concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of fund5 held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements. The expected level of income and expenditure is sufficlent with the reserves of the charity to enable the charity to continue a5 a goin8 concern. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOUR OF ESTIMATION UNCERTAINTY In the application of the charity's accounting policies, the trustee5 are required to make judgements, estimates and assumptions about the carryin8 amount of assets and liabilities that are not readily apparent from other other sources. The estimates and underlying assumptions are reviewed on an ongoing basis. Revislons to accountin8 estlmates are recognised in the period in which the estimate is revised where the revision affects only that perlod or In the period of the revision and future periods where the revision affects both current and future perSods. DONATIONS AND LEGACIES 2024 2023 Grant* 50,000 50,000 Grants receivable, included in the above, are as follows. Unrestrlrted funds Restrlcted lunds 2024 2023 Edward Cadbury Charitable Trust 50,000 50,000 50,000 S0,C0 50,000 50,000 INVESTMENT INCOME 2024 2023 Quoted investments - divldends Quoted investments- CPF Short term cash deposit interest 246,229 17,979 6,217 237,190 11,356 2.143 270.425 250,689 Page 16 continued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO TrIE FINANCIAL STATEmE[s- contlnued FOR THE YEAR ENDEO 5 APRIL 2024 OThER INCOME 2024 2023 Exceptional items Grant commltments Exceptional items totalling £2,340 for the year ended S April 2024 {2023: £nill consist of grant payable commitments recognised a5 at 5 April 2023 which the charity was no longer commltted to as at 5 Aprll 2024. RAISING FUNDS INVEsfMENT MANAGEME COSTS 2024 2023 Investment management fees 31,206 31,313 GRANTS PAYABLE 2024 2023 Grants payable 267,130 218,526 Durin8 the year ended S April 2024 the charity made the followln8 grants in order to advance arts and culture, community inclusion and engagement, compassionate support, conseNation and the envlronment and education and training. Totsl grants payable to Institutlons during the year were as follows. 2024 2023 Arts and Culture Awards for Young Mu5iclans Big Brum ITheatre In Education) Birmingham Royal Ballet Frozen Li8ht Garage Art Group Geese Theatre Ikon Gallery Midland Sinfonla Motionhouse Music Therapy Works National Youth Ballet of Great Britaln Orchestra of the Swan Persona Arts RicNic Sudden Productions Women and Theatre Worcester Theatres Plus 011 grants of le than £1,000 1,000 3,000 1,0 1,000 1,000 2,000 1,000 I,OLK) 1,000 1,000 2,0(Ki 2.000 Balance carried forward li 17,6 Page 17 continued...
THE EDWARD AND DOROTHY CADBURY TRusr NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 GRANTS PAYABLE- continued 2024 2023 Balance brought forward ii.(xx) 17.600 Communl Incluslon and En gyi iumrTiufiicy HS5ULldLIVII All Saints Actlon Networl Wolverhampton All Saints Youth Project Azed Kashmir Welfare Associatlon Birmingham Boys & Girls Union Bimiingham Clty Mlssion Birmingham Communlty Hostin8 Network Blrmingham Settlement Bosnia Herzgovina UK Network British Dlsabled An81in8 A550ciation Cape Care Community Centre CASBA Cerebral Palsy Midlands Christ Church Summerfield. North Edgbaston Church Pastoral Aid Society Cllmblng Out Communlty Resource Cotterldge Church Day Care Centre Coudon Care at Allesley Park Coventry Boys and Girls Club Coventry Vineyard Fareshare Midlands Foodcycle Gingerbreèd Worcester Hasbury Community Church Home Start Birmingham South Howley Grange Scout Group Karls Neighbour Scheme Kingstanding Regeneration Trust Marches Family Network Make Them Smlle Charity Marches Family Network Martineau Gardens Narthex Sparkhill New Hope Global Norton Hall Children & Famlly Centre Perdiswell Youn8 People's Leisure Club Prison Radio Association Redeemerchurch Birmingham Re-engage Ryders Green Methodist Day Centre, West Bromwich Sandwell Asian Development Association Sandwell Chuches Link ement 1,000 1,000 1,000 1,000 2,000 1,000 2,5 1,000 1,000 1,000 3,000 2,500 1,000 1,500 1.000 5,000 2,000 1,000 I,(M)O 1,000 2,000 1,000 1,000 1,000 3,000 1,000 1,000 2,000 5,000 2,000 2,(XlO I,oJo 5.000 1,500 1,000 2,000 1,000 Balance carried forward 68,000 55,600 Page 18 continued,..
TME EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANaAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 GRANTS PAYABLE- contlnued 2024 2023 Balance brought forward 68.000 55,600 Sandwell West Indian Communlty Associatlon Shirley and Dlstrict Sea Cadets Shrewsbury Ark Shrewsbury Food Hub Special Olympics City of Blrmlngham Special Olymplcs West Midlands Ski Group St Gabriel's Weoley Castle St Germain's Church St Luke'5 Gas Street Church Walsall Soclety for the Blind Warley Woods CommunityTrust Whizz-Kidz Willow Trvst Wolverhampton Quaker Meetln8 Youn8 People First Plus 011 grants of less than £1,000 1,000 1,000 2.500 1,000 2,500 1,750 2,000 700 Com assionate S A Child of Mine Acacia Family Support Acorns Children's Hosplce Anawim ARCOS Aspie Ltd Asthma Relief Beyond the Horlzon Better Understandin8 of Dementla Blrmingham Children's Hospital Blrmingham Women's Hospital Bliss Cancer Support UK Carrs Lane Coun5elling Centre Children Today Charitsble Trust Children wlth CF Dream Holidays Compasslonate Friends Coventry Resource Centre for the Bllnd Crohns and Colitis UK Cruse Bereavement Care. Herefordshire tyouglas Bader Foundation Douglas Macmillan Hospice, Stoke Edward's Trust Engage Trust Famlly Care Trust Foodcycle 2,500 5,000 2,500 2,500 2,000 1,500 I,OLN) 2,500 ,000 2,000 1,778 2,OC() I.)0 1.000 3.000 3,000 2,000 2,000 I,O(K) 1,000 3,000 Balance carried forward 151,560 88,476 Page 19 continued.,,
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED S APRIL 2024 GRANTS PAYABLE- continued 2024 2023 Balance brought forward 151,560 88,476 Footsteps Worcestershire iigai oirmingnam Guy's Gift Haven, Wolverhampton Homeless Period, Wolverhampton Hosplce Charity Partnership Huntingdon Dlsease Association Interact Stroke Support Kaleldoscope Plus Group Katharine House Hospice Leukaemla Care Lingen Davies Cancer Fund, Shropshlre Lullaby Trust Ma885 Day Centre, Worcester Marie Curle Mary Stevens Hospice MeningitlJ Now Motor Neurone Disease Association Movement Centre NMC Midlands Imuscular Dystrophyl Oesophageal Patients Association Ovacome Parenting Mental Health Rape and Sexual Vlolence Project Recovery Foundation Refugee and Mi8rant Centre. Wolverhampton Relate Severn and Wye Ronald Mcoonald House Charities Royal Voluntary Service St Paul's Hostel, Worcester St Richard's Hosplce Samaritans Brierley Hill Branch Sebastian's Action Trust Sense Severn Angels Shakespeare Hospice Shelter shift.ms Shine A ght Childhood Cancer Support Signal Spinal Muscu13r Atrophy St Richard's Hospice Support after Murder and Man51aughter Support through Court 2,000 1,000 3,(0 1,000 10,000 700 2,500 2,000 2,000 1,000 2,000 2,500 5,000 10,000 1,000 3,(KlO 2,0 1,000 2,000 3,000 2,500 1,000 1,000 1,000 1,000 5,000 2,500 I,ofyJ 1,000 1,500 1,000 1,000 1,000 2,000 S,¢XIO 2,0 Balance carried forward 208,760 149,976 Page 20 continued..,
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 GRANTS PAYABLE- contlnued 2024 2023 Balance brought foThYard 208,760 149,976 Tou8h Enou8h to Care UNICEF (Pakistan eme8ency appeal) UNICEF ITurkey/Syria earthquakes) Warwickshire Wision Support Way Widowed and Young Worcester Snoezlen Worcestershire Acute Hospltals Charity Wyre Forest & SoLrth Worcestershire Nightstop Plus 010 grants of les5 than £1,000 5,000 5,000 I,OCNJ 1,000 2,000 1,000 5,000 Conservation and the Envlronment Clean Rivers Trust Cleanup UK Ecoblrmin8ham Falconry Centre Hagley Fro81ife Trust Garden Organic Heart of England Forest Progressive Farming Trust Plus 0/0 grants of less than £1,000 1,000 I,(KJO 1,000 LOOO I,crf)o 1.000 1,0 Education and Trainin Andrew Simpson Foundation Beaudesert Trust (King George Vl Blmiin8ham Civic Society Birmingham Disablllty Centre Brook Young People Bulldlng 4 Hope Changing Tunes Clothing Coventry Criminon UK Dyson Perrlns Museum Trust {Worcestershirel Foundatlon for Conductive Education Girlguiding Association 2nd Dudley St Francis Hardman Trust (Prisoners, Penfriendsl Jerlcho Foundation KIDS Kingswood Trust Lake District Calvert Trust Listening Books Living Paintings Trust Own Books Peacemakers (Central England Quaker51 Prisoners, Penfrlends 2,000 1,000 LOOO 1,000 1,000 5,500 1,000 1,0 1,860 1.700 2.000 5,000 5,000 500 1,000 2,000 1,250 1,510 1,500 3,500 1,000 2.500 1,000 Balance carried forward 252,630 194,426 Page 21 contlnued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANaAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 GRANTS PAYABLE- contlnued 2024 2023 Balance brought forward 252.630 194,426 Royal Agriculture Benevolent Institution Royal National Colle8e tor the Blind Services for Education Smart Works Blrmin8ham Sport 4 Llfe Street League Street Teams Walsall Sunfleld Chlldren's Home Told by an Idiot Top Church Trainlng Tudor Gran8e Academy Where Next Association Redditch Wolverhampton Youth Zone Young Women's Trust IYWCAI Plus 013 grants of less than £1,000 I,0( 2,000 1,000 1,000 2,500 3.000 2,600 1,000 1,500 1,500 5,000 5,500 Total of 1211109 8rants payablè 267,130 218,526 SUPPORT COSTS Governance costs Management Tota15 Support costs 19,828 3,150 22,978 Support costs, included in the above, are as follows., 2024 Support costs 2023 Total activities LeE31 and professlonal Sundries Administration fee Auditors, remuneration Auditors, remuneration for non audit work 533 695 513 745 15,000 2,280 720 2,430 720 22,978 19,258 Pa8e 22 continued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED S APRIL 2024 NET INCOMEI(EXPENDITURE) Net incomellexpenditurel15 Stated after char8ingJlcreditingl: 2024 2023 Auditors, remuneratlon Other non-audit services 2.430 720 2,280 720 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5 Aprll 2024 nor for the year ended 5 Aprll 2023. TRUSTEES, EXPENSES Durin8 the year ended 5 Aprll 2024 trustees, expenses totallin8 £nll12023: £nill were paid by the charlty to trustees for travel and other reimbursable costs Incurred on charlty business. ii. COMPARATIVES FOR THE STATEMÉNT OF FINANCIAL AcrivmES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacles 50,000 Investment Income 250,689 Total 300,689 EXPENDITURE ON Ralslng funds 31,313 Charltable actlvltles Grants payable Support Costs 218,526 19,258 Totsl 269,097 Net gains1llosses} on investments {964,8781 NEf INCOME/IEXPENDITURE) 1933,2861 RECONCIUATION OF FUNDS Totsl funds brought forward 9,974,983 Page 23 continued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 2024 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AlvMEs- continued Unrestricted tnd TOTAL FUNDS CARRIED FORWARD 9,041,697 12. FIXED Ass INVE5TMENT5 2024 2023 Market value at 6 April 2023 Additions at tost Sale proceeds on disposal Gain/llossl In the year: realised and unrealised 8,795,328 9,731,834 1.228,859 1,770,4S4 (1,339,699) 11,742,0821 668,677 1964,878 9,353,165 88,043 8,795,328 8,167 Cash on deposlt as at 5 April 2024 Market value at S April 2024 9.441,208 8,803,495 Hislui IL LU5L dL 5 Ayi il 2024 7,955,553 7,910,789 ANALYSIS OF INVESTMENTS 2024 2023 UK gllts and flxed interest UK quoted equlties UK non-quoted equltles Cash 981.838 3,693,536 4.677,431 88,403 499,831 3,895,644 4,399,853 8,167 9,441,208 8,803,495 No individual investments in excess of 5% of the total portfolio value existed as at S April 2024 and as at 5 Aprll 2023. Page 24 continued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 13. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Other debtors 16,873 25,196 Other debtors conslst of ex-dividends declared but not yet received as at the balance sheet date. CREDtroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 11,275 10,808 15. MOVEMEKf IN FUNDS Net movement In funds At 5.4.24 At 6.4.23 Unrestrlrted funds General fund 9,041,697 670,128 9,711,825 TOTAL FUNDS 9,041,697 670,128 9,711,825 Net movement In funds, included in the above are as follows: Incoming resource5 Resources expended Gains and losses Movement in funds Unrestrtcted funds General fund 322,765 {321,314) 668,677 670,128 TOTAL FUNDS 322,765 (321,314) 668,677 670,128 Comparatlves for movement In funds Net movement in funds At 5.4.23 At 6.4.22 Unrestrlcted funds General fund 9,974,983 1933,2861 9,041,697 TOTAL FUNDS 9,974,983 1933.2861 9,041.697 Page 25 continued...
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 20211 Is. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included In the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrlrted funds enerai Tunii 3uv,tioy Idti9,vyi j 19ti4,oioI jYSJ,20til TOTAL FUNDS 300,689 1269,0971 1964,8781 1933,2861 A current year 12 months and prlor year 12 months comblned posltlon Is as follows,. Net movement in funds At 5.4.24 At 6.4.22 Unregtrlrted funds General fund 9,974.983 {263,1581 9.711,825 TOTAL FUNDS 9,974,983 1263,1581 9,711,825 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incomln8 resources Resources expended Gains and losses Movement In funds Unrestrlcted funds General fund 623,454 1590,4111 1296,2011 1263,1581 TOTAL FUNDS 623,454 1590,4111 1296,2011 1263,1581 Purpose of Unrestrfrted Funds General fund This fund represents the free funds of the charlty that are not deslgnated for particular purposes. Page 26 continued.,,
THE EDWARD AND DOROTHY CADBURY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 2024 16. RELATED PARTY DISCLOSURES Key management remuneration In addition to themselves the trustees consider the charlty's key management personnel to also include the trust manager who has responsibility for plannlng and controlling the activities of the charity. The trust manager's compensatlon is borne by the Edward Cadbury Charitable Trust. The Edward Cadbury Charltable Trust During the year ended 5 April 2024 Mr5 J E Gillett contlnued to seNe as a trustee of the Edward and Dorothy Cadbury Trust and her husband, Mr C R Gillett, continued to serve as a trustee of the Edward Cadbury Charitable Trust. a charity registered in England and Wales which shares similar aim5 and objectlves to those of the Edward and Dorothy Cadbury Trust, In addition, during the year ended 5 April 2024 Mrs J A Cadbury continued to seNe as a trustee of the Edward and Dorothy Cadbury Trust and her husband, Mr N R Cadbury, continued to serve as a trustee of the Edward Cadbury Charitable Trust. The trust mana8er of the Edward and Dorothy Cadbury Trust also serves as the trust manager and clerk of the Edward Cadbury Charitable Trust. The followln8 transactions occurred between the Edward and Dorothy Cadbury Trust and the Edward Cadbury Charltable Trust during the year ended S April 2024. Iva Durlng the year ended 5 Aprll 2024 the Edward Cadbury Charitable Trust awarded a grant totalling £50,000 12023.. £50,000) to the Edward and Dorothy Cadbury Trust. Adminisirative su During the year ended 5 April 2024 the Edward Cadbury Charltable Trust recharged an amount totalling £18,600 12023.. £15,000) to the Edward and Dorothy Cadbury Trust for administrative support and other services incurred by the Edward Cadbury Charitable Trust on behalf of the Edward and Dorothy Cadbury Trust. Page 27