REGISTERED COMPANY NUMBER: 05300961 (England and Wales)
REGISTERED CHARITY NUMBER: 1107327
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED5 APRIL 2025
FOR
THE EDWARD AND DOROTHY CADBURY TRUST
J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham B15 3BH
THE EDWARD AND DOROTHY CADBURY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
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Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 28
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FOR THE YEAR ENDED 5 APRIL 2025
THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES
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The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Purposes and aims The original charity was established 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, equality, justice, peace and care of the environment.
These interests and values have helped shape the grantmaking policy of the charity and the trustees believe that their mission today is as relevant as it was when Edward and Dorothy Cadbury first identified the need to support the local community. The interests of the founders and the trustee body therefore particularly focus on supporting the voluntary sector, music and the arts, children's charities and disadvantaged groups in the West Midlands and Worcestershire.
In 2004 the trustees took the decision to set up an incorporated charity and to give greater definition to the objectives of the charity. The objects of the newly formed charity became "such exclusively charitable purposes, including the advancement of citizenship or community development, relief of those in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage, advancement of arts, heritage and science and other purposes beneficial to the community, as the trustees may decide." The trustees believe that these objects fully reflect the original aims of the charity and respect the legacy of its founders while recognising the need to interpret "benevolent purpose" within a modern day context in a meaningful way.
Ensuring our work delivers our aims
We review our aims, objectives and activities each year. This review looks at what we achieved 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 us to ensure that our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The focus of our work
The focus of our work continues to be that of a charity set up to support the following areas.
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Arts and culture. 2. Community projects and engagement. 3. Compassionate support.
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Conservation and the environment. 5. Education and training.
Grantmaking strategy
The charity operates solely as a grant giving charity and uses its annual investment income to fund a programme of grant giving that focuses on the five main categories detailed above that the trustees believe sensibly reflect the objectives of the charity.
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
Grant making policy and procedures
The charity only makes grants to registered charities and not to individuals.
An application for funding may be made at any time and should be submitted via the on-line application system at www.e-dcadburytrust.org.uk , or by email or post to the trust manager.
The trustees request that the application should provide a clear and concise description 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 budget and explanation of how the project is to be funded initially and in the future together with the latest annual report and accounts for the charity. Applications for funding are generally considered within a three month timescale.
Before awarding a grant, the trustees assess applications against the charity's objectives and the Charity Commission's public benefit guidelines to check that public benefit criteria are met.
The charity usually makes grants which vary in size between £1,000 and £5,000 with grants being made on a one-off basis for a specific purpose of part of a project. Significant projects or capital appeals may on occasion attract larger grants up to the value of £20,000.
All grantees 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 form is also available on-line at www.e-dcadburytrust.org.uk .
Public benefit
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit in reviewing the charity's aims and objectives and have taken due regard of its content in confirming its grantmaking strategy for the year ahead. Grant applications are also assessed for public benefit criteria.
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
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ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity's grant giving embraces a wide range of activity which thereby ensures that public benefits are also well diversified.
The main beneficiaries from the charity's 2024-2025 grant giving programme were the public generally through the support of local events (arts and culture); community groups and projects in both inner-city and rural areas (community projects and engagement); the provision of services for those suffering from illnesses or life threatening conditions and support for their families and carers (compassionate support); projects to raise awareness of conservation and environmental issues particularly encouraging school children to participate (conservation and environment); and educational opportunities for young people, outreach work and skills training (education and training). By providing grants within these areas the trustees believe that their strategic priorities have been achieved.
Larger awards in the 2024-2025 financial year have included the following.
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A grant of £10,000 was awarded to Allens Cross Community Association to help finance roof repairs at the Florence Pickering Centre.
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2: A grant of £5,000 was awarded to CASBA to help finance their "Pregnancy to Parenthood” project for people with learning disabilities to enable them to obtain support through pregnancy and as new parents.
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- A grant of £5,000 was awarded to Acorns Children's Hospice to help support the ongoing cost of providing the Family Team service at Selly Oak Hospice.
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- A grant of £5,000 was awarded to Birmingham Hospice to help support the cost of providing the Child Bereavement Service (CHATs) including pre-bereavement support as well as post-bereavement care.
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- A grant of £5,000 was awarded to Compton Care Group towards the cost of providing cuddle blankets to provide a portable cooling system within the in-patient unit.
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- A grant of £5,000 was awarded to Douglas MacMillan Hospice towards the ongoing cost of providing Hospice at Home and Community Nursing Care services for adult patients living in the West Midlands.
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- A grant of £5,128 was awarded to Hope House Children's Hospice to help finance the purchase of two new medical profiling beds for children's rooms.
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A grant of £5,000 was awarded to Primrose Hospice towards the cost of providing child bereavement services in southwest Birmingham and Worcestershire.
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A grant of £5,000 was awarded to St Giles Hospice towards the ongoing costs of providing specialist palliative and end of life care services for patients and their families living with a terminal illness in Staffordshire, Birmingham and the West Midlands.
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A grant of £5,000 was awarded to St Richard's Hospice towards the ongoing cost of providing the Hospice at Home service.
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A grant of £5,000 was awarded to Shakespeare Hospice towards the ongoing cost of providing care to people with a life-limiting illness within patients' own homes and at the charity's day hospital.
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A grant of £5,500 was awarded to Birmingham Disability Resource Centre towards the cost of providing the "Positive Pathways” course.
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A grant of £5,000 was awarded to the Foundation for Conductive Education towards the cost of providing
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED5 APRIL 2025
the Red Boots Special School project in the 2024-2025 academic year.
- 14, A grant of £5,000 was awarded to the Jericho Foundation towards the Ignition Pathways community based programme to provide employability and coaching support to unemployed people.
The trust also awards many smaller grants which are just as beneficial to the charity concerned notwithstanding the size of the organisation or the scale of the project.
Where appropriate, the trustees may visit an organisation to get a better understanding of a funding application or to follow-up on a grant that has already been made to assess the progress of a project.
A full list of the charities supported by the charity during the year ended 5 April 2025 is disclosed in note 7 to the financial statements. A total of 116 grants was made totalling £260,616 compared with 121 grants totalling £267,130 in the previous financial year.
The year ended 5 April 2025 continued a diverse and effective programme of grant giving.
FINANCIAL REVIEW
Financial position
As at 5 April 2025 the charity's net assets stood at £9,383,567 compared with £9,711,825 as at 5 April 2024.
During the 2024-2025 reporting period the investment portfolio generated an income of £269,687 (2024: £246,229) which was in excess of the dividend target of £200,000.
The trustees reconfirmed the charity's ethical investment policy as part of the annual review of policies and procedures. A further screening analysis of the charity's portfolio was undertaken by Quilter Cheviot during the financial year ended 5 April 2025.
As at 5 April 2025 the charity's holding in the Charities Property Fund (CPF) was valued at £280,874 (2024: £274,835).
The charity's CCLA COIF deposit fund account balance was £123,496 at 5 April 2025 (2024: £117,740).
Investment policy and objectives
Investments are made taking a long term view using a wide range of investment vehicles to achieve stability and growth within a well diversified portfolio. The guiding principle of the trustees' investment policy is to seek to maintain, in the long term, a balanced portfolio without undue overall risk that aims for both income and_ capital growth in real terms.
The trustees seek to ensure that the charity's investments are consistent with the purposes 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 policy
Unrestricted reserves as at 5 April 2025 amounted to £9,383,567 (2024: £9,711,825).
It is the trustees’ policy to distribute the income from its investments to fund its grantmaking programme whilst maintaining a sufficient level of funds to ensure the longevity of the charity.
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 consider it necessary to maintain any further reserves.
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED5 APRIL 2025
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FUTURE PLANS
In determining the charity's investment objectives for 2025-2026 the trustees have agreed with the charity's discretionary manager, Quilter Cheviot, that the annual income target should increase to £225,000. A total return exceeding the MSCI PIMFA Private Investor Balanced Index was retained as the benchmark for investment performance.
In terms of the grant giving programme the charity's main aims and objectives in the forthcoming year will be to build on and enhance the programme of grant giving undertaken during the year ended 5 April 2025 to support charities, principally within the West Midlands area, to help rebuild and sustain projects which encourage community development and cohesion, provide compassionate support to those in need and promote educational, cultural and environmental projects for the benefit of the public.
As a matter of good practice the trustees will continue to visit organisations where a grant of high value has been made or the activity is of particular interest to the charity in terms of future development. This has proved a helpful way of building up positive relationships with grantees, providing networking opportunities and enabling a better understanding of the challenges organisations face.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Edward and Dorothy Cadbury Trust was incorporated on 30 November 2004 (registered company number 5300961) and was granted charitable status on 17 December 2004 (registered charity number 1107327).
The Edward and Dorothy Cadbury Trust is a company limited by guarantee and is governed by its memorandum and articles of association. The liability of members is limited with each member agreeing to contribute up to £10 in the event of the charity winding up.
Recruitment and appointment of new trustees
The charity is governed by a board of trustees who have a wide variety of skills and experience which reflect the main areas of interest of the charity.
The minimum number of trustees is three. In the appointment of new trustees a potential nominee is invited to attend at least two meetings of trustees as an observer. This initiates a two-way process enabling both the observer and existing trustees to learn more about each other before any appointment is finalised.
Background information is provided to the nominee at this stage and includes biographical information about Edward and Dorothy Cadbury, a copy of the charity's memorandum and articles of association, a copy of the charity's latest annual report and accounts, minutes of the previous two trustees’ meetings and a copy of the charity's grantmaking policy and application guidelines together with the Charity Commission's publication "The Essential Trustee”.
All of the trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements.
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED5 APRIL 2025
STRUCTURE, 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 2025 four general meetings were held.
The trustees delegate the management and day-to-day operation of the charity, within set policies, to the company secretary/trust manager.
The chair and company secretary/trust manager meet on a regular basis.
The trustees authorised Quilter Cheviot to manage the charity's investment portfolio on a discretionary management basis for the year ended 5 April 2025. Following a year end review the trustees have agreed to continue this arrangement for a further 12 month period.
Induction and training of new trustees
Training needs are identified and any arrangements are made on an individual basis once an appointment has been made.
Risk management
The trustees have a proactive approach to risk management and review and monitor operational and financial risks at each meeting of trustees through the use of a risk assessment matrix.
The trustees are satisfied that appropriate measures and effective systems are in place to mitigate those risks.
Fundraising
The charity did not engage in any fundraising activities involving third parties and members of the public to generate charitable income during the years ended 5 April 2024 and 5 April 2025.
The majority of the charity's income continues to be derived from the charity's investment portfolio.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05300961 (England and Wales)
Registered Charity number
1107327
Registered office
Woodbrooke 1046 Bristol Road Birmingham B29 6U
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
a
Trustees Mrs P.S. Ward Chair Mrs S.E. Anfilogoff Mrs J.A. Cadbury Mrs J.E. Gillett Mrs J.F. Higgins Dr J.A. Russell
Company secretary and trust manager
Miss S. Anderson
Auditors JW Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham B15 3BH Bankers HSBC pic 148 High Street Harborne Birmingham B17 9PN
CCLA Fund Managers Limited One Angel Lane London ECAR 3AB Investment advisers Quilter Cheviot Limited Two Snowhill Birmingham B4 6GA
Savills Investment Management LLP 33 Margaret Street London W1G 0JD
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Edward and Dorothy Cadbury Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED5 APRIL 2025
STATEMENT OF TRUSTEES’ RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give 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
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding 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:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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- 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 with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 7 July 2025 and signed on its behalf by:
Phlapa: < Warch'
Philippa S Ward - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE EDWARD AND DOROTHY CADBURY TRUST
See eae... Opinion We have audited the financial statements of The Edward and Dorothy Cadbury Trust (the ‘charitable company’) for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 5 April 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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- 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.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable 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 to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial 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 with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:
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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
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- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE EDWARD AND DOROTHY CADBURY TRUST
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Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained 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 following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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- certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - 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.
Responsibilities of trustees
As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives 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 Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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enquiring with management and others to gain an understanding of the organisation itself including operations, financial reporting and known fraud or error;
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- evaluating and understanding the internal control system; - performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear;
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- testing documentation supporting account balances or classes of transactions; and - confirming accounts receivable and other accounts with a third party.
Because of the inherent limitations of an audit, there 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 increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.rc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE EDWARD AND DOROTHY CADBURY TRUST
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sss
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 responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
James. BSc (Econ) Hons (Senior Statutory Auditor) for and on behalf ofJ W Hinks LLP
Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham B15 3BH
7 July 2025
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THE EDWARD AND DOROTHY CADBURY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED5 APRIL 2025
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|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations and|legacies|3|50,000|50,000|
|Investment|income|4|291,254|270,425|
|Other|income|5|-|2,340|
|Total|341,254|322,765|
|EXPENDITURE|ON|
|Raising funds|6|33,661|31,206|
|Charitable|activities|
|Grants|payable|260,616|267,130|
|Support|costs|20,187|22,978|
|Total|314,464|321,314|
|Net gains/(losses)|on|investments|(355,048)|668,677|
|NET INCOME/(EXPENDITURE)|(328,258)|670,128|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|9,711,825|9,041,697|
|TOTAL FUNDS|CARRIED|FORWARD|9,383,567|9,711,825|
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The notes form part of these financial statements
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THE EDWARD AND DOROTHY CADBURY TRUST (REGISTERED NUMBER: 05300961)
BALANCE SHEET
5 APRIL 2025
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|||||||
|---|---|---|---|---|---|
|OO|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Investments|12|9,052,672|9,441,208|
|CURRENT ASSETS|
|Debtors|13|26,741|16,873|
|Cash|at|bank|322,803|265,019|
|349,544|281,892|
|CREDITORS|
|Amounts falling|due within|one year|14|(18,649)|(11,275)|
|NET CURRENT ASSETS|330,895|270,617|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|9,383,567|9,711,825|
|NET ASSETS|9,383,567|9,711,825|
|FUNDS|15|
|Unrestricted|funds|9,383,567|9,711,825|
|TOTAL FUNDS|9,383,567|9,711,825|
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2025 and were signed on its behalf by:
Phd ppa: s Wore
Philippa S Ward - Trustee
The notes form part of these financial statements
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
- ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
General information
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 Woodbrooke, 1046 Bristol Road, Birmingham, B29 6LJ.
Accounting convention
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) "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 United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of lreland", the Companies Act 2006 and the Charities Act 2011.
The financial statements have been prepared using the historic cost convention as modified by the revaluation of investments and are presented in sterling which is the functional currency of the charity, rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS
The charity has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
- the requirement of Section 7 Statement of Cash Flows.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Grants receivable from other third parties are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received 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.
Income from quoted investments is recognised on an accruals basis at the time a dividend is declared and the quoted investment become ex-dividend.
Income from bank deposits is accounted for on an accruals basis.
EXPENDITURE
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation 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.
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
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1. ACCOUNTING POLICIES - continued
EXPENDITURE o Costs of raising funds. o Expenditure on charitable activities.
Support costs are those that assist with the work of the charity but do not directly represent charitable activities and include office costs, governance costs and other administrative costs.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
INVESTMENTS
Investment assets which mainly comprise investments quoted on recognised stock exchanges are included at market value at the balance sheet date.
Realised gains and losses on investment disposals are computed by comparing net sale proceeds with their carrying value at the previous balance sheet date or cost if acquired during the period under review.
Unrealised gains and losses on investments represent the difference between their carrying value and their mid-market value at the balance sheet date.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at call with banks and other third parties.
FINANCIAL INSTRUMENTS
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
FOREIGN EXCHANGE
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of transactions. At each reporting end date monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in income and expenditure.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED5 APRIL 2025
1. ACCOUNTING POLICIES - continued
GOING CONCERN
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds 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 sufficient with the reserves of the charity to enable the charity to continue as a going concern.
- CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying 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. Revisions 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.
- DONATIONS AND LEGACIES
| DONATIONS ANDAND LEGACIES | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Grants | 50,000 | 50,000 | ||
| Grants receivable, included in the | above, are asfollows. | |||
| Unrestricted | Restricted | |||
| funds | funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Edward CadburyCharitable Trust | 50,000 | - | 50,000 | 50,000 |
| 50,000 | - | 50,000 | 50,000 | |
| INVESTMENT INCOME | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Quoted investments - dividends | 269,687 | 246,229 | ||
| Quoted investments -CPF | 13,236 | 17,979 | ||
| Shortterm cash deposit interest | 8,331 | 6,217 | ||
| 291,254 | 270,425 |
- INVESTMENT INCOME
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED5 APRIL 2025
i
==> picture [90 x 8] intentionally omitted <==
----- Start of picture text -----
5. OTHER INCOME
----- End of picture text -----
Exceptional items
==> picture [90 x 34] intentionally omitted <==
----- Start of picture text -----
2025 2024
£ £
- 2,340
----- End of picture text -----
Grant commitments
During the year ended 5 April 2024 exceptional items totalling £2,340 consisted of grant payable commitments recognised as at 5 April 2023 which the charity was no longer committed to as at 5 April 2024.
No such exceptional items have been recognised by the charity in respect of the year ended 5 April 2025.
- RAISING FUNDS
INVESTMENT MANAGEMENT COSTS
| INVESTMENT MANAGEMENT COSTS | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| investmentmanagement fees | 33,661 | 31,206 | ||
| 7. | GRANTS PAYABLE | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Grants payable | 260,616 | 267,130 | ||
| During the year ended 5 April 2025 the charity made the following | grants in order | to advance arts and culture, | ||
| community inclusion and engagement, compassionate support, | conservation | and the environment and |
||
| education and training. | ||||
| Total grants payableto institutions duringtheyearwere asfollows. | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Arts and Culture | ||||
| BigBrumTheatre in Education | 1,500 | 1.000 | ||
| Birmingham Opera Company | 3,000 | - | ||
| Birmingham Royal Ballet | 1,000 | - | ||
| Birmingham Centre forArtsTherapies | 2,500 | - | ||
| Dyson-Perrins MuseumTrust | 1,000 | - | ||
| English Music Festival | 1,000 | - | ||
| English Symphony Orchestra | 1,000 | - | ||
| Frozen Light | - | 1,000 | ||
| GarageArtGroup | 1,000 | 1,000 | ||
| Geese Theatre | - | 1,000 | ||
| Ikon Gallery | - | 2,000 | ||
| Indigo Arts | 1,000 | - | ||
| Music of Life Foundation | 2,500 | - | ||
| Music TherapyWorks | - | 1,000 | ||
| Orchestra oftheSwan | - | 2,000 | ||
| Soundabout | 1,000 | - | ||
| Balancecarriedforward | 16,500 | 9,000 |
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Page 17
THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED5 APRIL 2025
- GRANTS PAYABLE - continued
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Balance brought forward | 16,500 | 9,000 |
| Sudden Productions | - | 2,000 |
| Wolverhampton Theatre | 1,000 | - |
| Plus 0/0 grants of lessthan £1,000 | - | - |
| Community Inclusion and Engagement | ||
| All Saints Action Network, Wolverhampton | - | - |
| All SaintsYouth Project | - | 1,000 |
| All Saints Community Projects | 1,000 | - |
| Allens CrossCommunity | 10,000 | - |
| Ashiana Community Project | 1,000 | - |
| Azed Kashmir WelfareAssociation | - | 1,000 |
| Birmingham Boys& Girls Union | 1,000 | 1,000 |
| Birmingham City Mission | - | 2,500 |
| Birmingham Community Hosting | 2,000 | - |
| Birmingham Settlement | 2,500 | - |
| Bosnia and Herzegovina UK Network | 1,000 | - |
| Breaking Barriers | 1,000 | - |
| British Disabled AnglingAssociation | - | 1,000 |
| British Wireless forthe Blind | 1,000 | - |
| Building4Hope | 1,500 | - |
| Cape CareCommunityCentre | - | 3,000 |
| CASBA | 5,000 | - |
| Castle Bromwich Hall and Gardens Trust | 1,000 | - |
| Cerebral Palsy Midlands | - | 5,000 |
| ClimbingOut | - | 2,000 |
| Community Resource | - | 1,000 |
| Coudon Care atAllesley Park | - | 2,000 |
| Coventry Boys and Girls Club | - | 1,000 |
| CoventryVineyard | - | 1,000 |
| Crossbar Foundation | 1,000 | - |
| Dads Lane CommunityAssociation | 1,000 | - |
| FareShare Midlands | - | 5,000 |
| FoodCycle | 3,000 | 3,000 |
| Gingerbread Worcester | - | 1,000 |
| HasburyCommunityChurch | - | 1,000 |
| Home-Start Birmingham South | 2,500 | - |
| Home-Start Staffordshire Moorlands | 1,000 | - |
| Karis NeighbourScheme | - | 1,000 |
| King'sCommunityChurch Project | 1,000 | - |
| Let Us Play (Wolverhampton) | 1,500 | - |
| Life Path Trust Limited | 1,000 | - |
| Lifeworks Staffordshire | 1,000 | - |
| LunchontheRun | 1,000 | - |
| MakeThem Smile Charity | . | 1,000 |
| Balancecarriedforward | 59,500 | 44,500 |
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5S APRIL 2025
—————
| 7. | GRANTS PAYABLE - continued | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Balance broughtforward | 59,500 | 44,500 | |
| Marches Family Network | 3,500 | 3,000 | |
| Martineau Gardens | 1,000 | 1,000 | |
| Narthex Sparkhill | - | 2,000 | |
| New Hope Global | - | 5,000 | |
| Norton Hall Children& Family Centre | 3,000 | 2,000 | |
| Perdiswell Young People's Leisure Club | - | 2,000 | |
| Prison Radio Association | - | 1,000 | |
| RedeemerChurch Birmingham | - | 2,500 | |
| ROAM | 1,000 | - | |
| RydersGreen Methodist Day Centre, WestBromwich | 3,000 | 3,000 | |
| Sandwell Asian DevelopmentAssociation | - | 1,000 | |
| Sandwell Chuches Link | - | 1,000 | |
| Sandwell West Indian CommunityAssociation | - | 1,000 | |
| Shirley and DistrictSea Cadets | 1,000 | - | |
| ShrewsburyArk | - | 2,500 | |
| Shrewsbury Christian Centre Association | 2,000 | - | |
| Shrewsbury Food Hub | - | 1,000 | |
| Shropshire Youth Association (SYA) | 1,000 | - | |
| Special Olympics CityofBirmingham | - | 1,000 | |
| Special Olympics GB | 1,000 | - | |
| Special Olympics West Midlands Ski Group | 3,000 | 3,000 | |
| St Gabriel'sWeoley Castle | - | 3,000 | |
| St Luke's Gas StreetChurch | . | 2,500 | |
| 38th Walsall Scouts | 1,000 | - | |
| Walsall Society forthe Blind | 2,000 | - | |
| Warwickshire Wheelchair Basketball | 3,000 | - | |
| Whizz-Kidz | - | 2,000 | |
| Willow Trust | . | 1,000 | |
| Wolverhampton Quaker Meeting | 1,850 | - | |
| Wolverhampton Society ofFriends | 2,000 | - | |
| WorcesterCommunityTrust | 1,000 | - | |
| Young People First | - | 2,000 | |
| Plus0/0 grants of lessthan £1,000 | - | - | |
| Compassionate Support | |||
| A Child ofMine | 2,000 | - | |
| Acacia FamilySupport | 3,000 | - | |
| Acorns Children's Hospice | 5,000 | 5,000 | |
| Anawim | 3,000 | 2,500 | |
| ARCOS | - | 2,500 | |
| ArkofHope Foundation forAll Nations | 1,000 | - | |
| Arrive AliveAppeal Charity | 1,000 | - | |
| Aspie Ltd | 1,000 | 2,000 | |
| Asthma Relief | 1,500 | 1,500 | |
| Balancecarriedforward | 107,350 | 100,500 |
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025
7. GRANTS PAYABLE - continued
==> picture [416 x 581] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Balance|brought forward|107,350|100,500|
|Becoming|Families|1,000|-|
|Bethel|Health|and|Healing|1,500|-|
|Better|Understanding|of Dementia|-|2,000|
|Bid|Services|1,500|-|
|Birmingham|Children's|Hospital|-|5,000|
|Birmingham|Hospice|5,000|-|
|Birmingham|Women's|Hospital|-|15,000|
|Bliss|-|2,000|
|Cancer Support|UK|2,336|-|
|Carrs|Lane|Counselling|Centre|3,000|-|
|Children|with|CF|Dream|Holidays|-|2,000|
|Compassionate|Friends|1,000|1,000|
|Compton|Care Group|Limited|5,000|-|
|Coventry|Resource|Centre|for the|Blind|.|1,000|
|Crohns|and|Colitis UK|-|3,000|
|Cruse|Bereavement|Care,|Herefordshire|-|3,000|
|Douglas|Bader|Foundation|-|2,000|
|Douglas|Macmillan|Hospice,|Stoke|5,000|2,500|
|Edward's|Trust|1,500|2,560|
|Elayos|1,000|-|
|ERIC|Children's|Bowel|&|Bladder|Charity|1,000|-|
|Family|Care Trust|-|10,000|
|Gilgal|Birmingham|2,500|-|
|Guy's|Gift|-|1,000|
|Haven,|Wolverhampton|-|3,000|
|Headway|Birmingham|and|Solihull|1,000|-|
|Hope|House|Children's|Hospital|5,128|-|
|Hospice|Charity|Partnership|-|1,500|
|Interact Stroke|Support|-|700|
|Kaleidoscope|Plus Group|-|2,500|
|Katharine|House|Hospice|-|2,500|
|Leukaemia|Care|-|2,000|
|Lily|Mae|Foundation|1,000|-|
|Lingen|Davies|Cancer|Fund,|Shropshire|-|1,000|
|Lullaby Trust|3,000|2,000|
|Maggs|Day|Centre,|Worcester|2,500|-|
|Marie|Curie|-|5,000|
|Motor|Neurone|Disease|Association|-|3,000|
|Movement|Centre|-|2,500|
|Networkfour|1,000|-|
|NMC|Midlands|(Muscular|Dystrophy)|3,000|3,000|
|Omega|1,000|-|
|Ovacome|-|3,000|
|Parenting|Mental|Health|2,000|1,000|
|Balance carried|forward|158,314|185,260|
----- End of picture text -----
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continued...
THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025
ee
7. GRANTS PAYABLE - continued
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Balance brought forward | 158,314 | 185,260 |
| Primrose Hospice | 5,000 | - |
| Recovery Foundation | 1,000 | - |
| Refugee and Migrant Centre,Wolverhampton | . | 2,500 |
| Relate Severn andWye | - | 1,000 |
| RNIB | 2,000 | - |
| Royal VoluntaryService | 1,000 | - |
| St Giles Hospice | 5,000 | - |
| St Richard's Hospice | 5,000 | 5,000 |
| SamaritansShrewsbury | 1,000 | - |
| Sebastian's Action Trust | - | 2,000 |
| Sense | 2,000 | 1,000 |
| Severn Angels | - | 1,000 |
| Sequal Trust | 1,000 | - |
| Shakespeare Hospice | 5,000 | 5,000 |
| Shift.ms | - | 1,000 |
| ShineA LightChildhood CancerSupport | - | 1,000 |
| Spinal MuscularAtrophy | 1,000 | - |
| Staffordshire Sight LossAssociation | 1,000 | - |
| Stepway | 1,000 | - |
| Strongbones | 2,000 | - |
| Support afterMurderand Manslaughter | - | 2,000 |
| Support through Court | 2,500 | 2,000 |
| Tastelife UK | 1,000 | - |
| TogetherforShort Lives | 2,000 | - |
| Tough Enough to Care | - | 1,000 |
| Vision Care for Homeless People | 3,000 | - |
| Voluntary Action | 1,000 | - |
| Walk Ministries | 1,000 | - |
| WayWidowed andYoung Winston's Wish |
- 1,500 |
1,000 - |
| Worcester Snoezlen | - | 2,000 |
| WorcestershireAcute Hospitals Charity | 1,000 | - |
| Plus0/0grants of lessthan £1,000 | - | - |
| Conservation and the Environment | ||
| Birmingham& BlackCountry Wildlife | 2,500 | - |
| Clean RiversTrust | - | 2,500 |
| Cleanup UK | 1,000 | 1,000 |
| Ecobirmingham | - | 1,000 |
| Falconry Centre Hagley | - | 1,000 |
| FroglifeTrust | - | 1,000 |
| Garden Organic | 2,250 | - |
| HeartofEngland Forest | - | 1,000 |
| OakTree Farm Rural Project Limited | 2,650 | - |
| Balancecarriedforward | 212,714 | 220,260 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
eeeeee
| 7. | GRANTS PAYABLE - continued | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Balance brought forward | 212,714 | 220,260 | |
| WarleyWoods Community Trust | 2,000 | - | |
| Plus 0/0 grants of lessthan £1,000 | - | - | |
| Education and Training | |||
| AndrewSimpson Foundation | - | 2,000 | |
| BeaudesertTrust (KingGeorge V) | - | 1,000 | |
| Birmingham CivicSociety | 1,500 | 1,000 | |
| Birmingham Disability Resource Centre | 5,500 | - | |
| Chadsgrove Educational Trust | 4,652 | - | |
| ChangingTunes | : | 1,000 | |
| ClimbingOut | 2,000 | - | |
| Criminon UK | - | 1,860 | |
| Foundation forConductive Education | 5,000 | 5,000 | |
| GirlguidingAssociation 2nd Dudley St Francis | - | 500 | |
| Hardman Trust (Prisoners' Penfriends) | - | 1,000 | |
| HighlySprung Performance | 1,000 | - | |
| Jericho Foundation | 5,000 | 5,000 | |
| KIDS | - | 2,000 | |
| Kingswood Trust | 1,000 | 1,510 | |
| Lake District CalvertTrust | - | 3,000 | |
| Listening Books | 2,250 | 1,500 | |
| Living PaintingsTrust | - | 3,500 | |
| Peacemakers (Central England Quakers) | - | 2,500 | |
| Personal Best Foundation | 1,000 | - | |
| School-Home Support Service | 1,000 | - | |
| Services for Education | - | 1,000 | |
| Seven Up Charity | 1,000 | - | |
| Smart Works Birmingham | - | 2,000 | |
| Sport4 Life | 2,500 | 2,500 | |
| Street League | - | 2,500 | |
| StreetTeams | 3,000 | - | |
| Told byan Idiot | - | 1,000 | |
| Trailblazers Mentoring | 1,000 | - | |
| West Midlands Anti Slavery Network | 1,000 | - | |
| Where NextAssociation | 2,500 | - | |
| WolverhamptonYouthZone | 5,000 | 5,500 | |
| Plus 0/0 grants of lessthan £1,000 | - | - | |
| Totalof116/121grantspayable | 260,616 | 267,130 |
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED5 APRIL 2025
ms
8. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Supportcosts | 16,887 | 3,300 | 20,187 |
| Support costs, included inthe above, are asfollows: | |||
| 2025 | 2024 | ||
| Support | Total | ||
| costs | activities | ||
| £ | £ | ||
| Legal and professional | 533 | 533 | |
| Sundries Administration fee |
579 15,775 |
695 18,600 |
|
| Auditors' remuneration | 2,545 | 2,430 | |
| Auditors' remuneration for non auditwork | 755 | 720 | |
| 20,187 | 22,978 |
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 2,545 | 2,430 |
| Othernon-auditservices | 755 | 720 |
10. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
TRUSTEES' EXPENSES
During the year ended 5 April 2025 trustees’ expenses totalling nil (2024: £nil) were paid by the charity to trustees for travel and other reimbursable costs incurred on charity business.
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
==> picture [425 x 375] intentionally omitted <==
----- Start of picture text -----
|||||
|---|---|---|---|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|50,000|
|Investment income|270,425|
|Other|income|2,340|
|Total|322,765|
|EXPENDITURE|ON|
|Raising|funds|31,206|
|Charitable|activities|
|Grants|payable|267,130|
|Support costs|22,978|
|Total|321,314|
|Net gains on|investments|668,677|
|NET INCOME|670,128|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|9,041,697|
|TOTAL|FUNDS CARRIED FORWARD|9,711,825|
----- End of picture text -----
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED5 APRIL 2025
fs
12. FIXED ASSET INVESTMENTS
==> picture [419 x 283] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Market value|at|6 April|2024|9,353,165|8,795,328|
|Additions|at|cost|1,312,471|1,228,859|
|Sale|proceeds on|disposal|(1,344,088)|(1,339,699)|
|Gain/(loss)|in the|year:|
|-|realised|and|unrealised|(355,048)|668,677|
|8,966,500|9,353,165|
|Cash|on|deposit|as|at 5|April|2025|86,172|88,043|
|Market value|at 5|April|2025|9,052,672|9,441,208|
|Historic|cost|at 5|April|2025|8,126,116|7,955,553|
|ANALYSIS OF|INVESTMENTS|
|2025|2024|
|£|£|
|UK|gilts and|fixed|interest|1,431,625|981,838|
|UK quoted|equities|1,908,107|3,,693,536|
|Non-UK quoted|equities|5,626,768|4,677,431|
|Cash|86,172|88,403|
|9,052,672|9,441,208|
----- End of picture text -----
No individual investments in excess of 5% of the total portfolio value existed as at 5 April 2025 and as at 5 April 2024.
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
==> picture [417 x 33] intentionally omitted <==
----- Start of picture text -----
|||||
|---|---|---|---|
|2025|2024|
|£|£|
|Other|debtors|26,741|16,873|
----- End of picture text -----
Other debtors consist of ex-dividends declared but not yet received as at the balance sheet date.
x
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THE EDWARD AND DOROTHY CADBURY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED5 APRIL 2025
eee
==> picture [446 x 356] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|2025|2024|
|£|£|
|Other creditors|7,000|-|
|Accrued|expenses|11,649|11,275|
|18,649|11,275|
|15.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|6.4.24|in|funds|5.4.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|9,711,825|(328,258)|9,383,567|
|TOTAL FUNDS|9,711,825|(328,258)|9,383,567|
|Net|movement|in|funds,|included|in|the|above|are|as follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|341,254|(314,464)|(355,048)|(328,258)|
|TOTAL FUNDS|341,254|(314,464)|(355,048)|(328,258)|
----- End of picture text -----
Comparatives for movement in funds
==> picture [415 x 100] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|6.4.23|in|funds|5.4.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|9,041,697|670,128|9,711,825|
|TOTAL FUNDS|9,041,697|670,128|9,711,825|
----- End of picture text -----
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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025
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THE EDWARD AND DOROTHY CADBURY TRUST
15. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
==> picture [477 x 89] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|322,765|(321,314)|668,677|670,128|
|TOTAL FUNDS|322,765|(321,314)|668,677|670,128|
----- End of picture text -----
Acurrent year 12 months and prior year 12 months combined position is as follows:
==> picture [477 x 101] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|6.4.23|in|funds|5.4.25|
|£|£|£|
|Unrestricted|funds|
|General fund|9,041,697|341,870|9,383,567|
|TOTAL FUNDS|9,041,697|341,870|9,383,567|
----- End of picture text -----
Acurrent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
==> picture [479 x 135] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General fund|664,019|(635,778)|313,629|341,870|
|TOTAL FUNDS|664,019|(635,778)|313,629|341,870|
|Purpose of Unrestricted|Funds|
|General fund|
----- End of picture text -----
This fund represents the free funds of the charity that are not designated for particular purposes.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
THE EDWARD AND DOROTHY CADBURY TRUST
- RELATED PARTY DISCLOSURES
Key management remuneration
In addition to themselves the trustees consider the charity's key management personnel to also include the trust manager who has responsibility for planning and controlling the activities of the charity.
The trust manager's compensation is borne by the Edward Cadbury Charitable Trust.
The Edward Cadbury Charitable Trust
During the year ended 5 April 2025 Mrs J E Gillett continued to serve 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 aims and objectives to those of the Edward and Dorothy Cadbury Trust,
In addition, during the year ended 5 April 2025 Mrs J A Cadbury continued to serve as a trustee of the Edward and Dorothy Cadbury Trust and her husband, Mr N R Cadbury and son, Mr W B Cadbury, continued to serve as trustees of the Edward Cadbury Charitable Trust.
The trust manager of the Edward and Dorothy Cadbury Trust also serves as the trust manager and clerk of the Edward Cadbury Charitable Trust.
The following transactions occurred between the Edward and Dorothy Cadbury Trust and the Edward Cadbury Charitable Trust during the year ended 5 April 2025.
Grants receivable
During the year ended 5‘April 2025 the Edward Cadbury Charitable Trust awarded a grant totalling £50,000 (2024: £50,000) to the Edward and Dorothy Cadbury Trust.
Administrative support charge
During the year ended 5 April 2025 the Edward Cadbury Charitable Trust recharged an amount totalling £15,775 (2024: £18,600) 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.
ee
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