Handelsbanken
Wealth & Asset Maiiageinent
THE 3T'S CHARITABLE TRUST
REPORT AND ACCOUNTS
YEAR ENDED 31 MARCH 2024
26111121i24

THE 3T'S CHARITABLE TRUST
INDEX
Year ended 31 March 2024
Page
General information
Report of the Irystees
Statement of trustees, responsibilities
Independent auditors, report
7-10
Statement of financial activities
11
Balance sheet
12
Cashflow slalemenl
13
Accounting policies
14-15
Notes lo the financial slatemenls
16-21

THE 3T'S CHARITABLE TRUST
GENERAL INFORMATION
Year ended 31 March 2024
Trustees
Charles Sherwood
Rosemary Sherwood
Timothy Sherwood
William Medlicoti
Tabitha Hood
Tatiana Sherwood
Principal address
PO Box 68
Knebworth
Herffordshire
SG3 6UZ
Independent Auditors
Gibson Booth Chartered Accountants &
Slatutory Auditors
New Court, Abbey Road North
Shepley
Huddersfield
HD8 8BJ
Bankers and Investmenl managers
Cazenove Capital Management
Schroder & Co Limited
12 Moorgate
London
EC2R 6DA
Solicitors
Cripps LLP
22 Mount Ephraim
Tunbridge Wells
Kenl
TN4 8AS
Registered charity number
1109733

THE 3T'S CHARITABLE TRUST
REPORT OF THE TRUSTEES
Year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year to 31 March 2024. The trustees
have adopted the provisions of Accounting and Reporting by Charities- Statement of Recommended Pracllce appllcable
to charlties preparlng their accounts in acGordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objecllves and alms
The objects of the trust are for such charltable purposes as the trustees in their absolute discretion think fit.
Publi¢ benefit
The trust meets its public benefit obligations by making grants to olher registered charities. The trustee3 confirm thal
they referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing
the trust's aims and objectives and in plannlng future aclivitles and selling granl making policy for the year.
Grant making
The Irustees have selected a core list of charities to support. For these organisalions Ihey believe that grants are of
most value lo the recipient organisations when they are in the form of mulli-year commitments (typically 3 yeafS} and w61h
the minimum conditions attached. They believe that Ihis facilitates improved planning and allows recipients to meet their
objectives more effectively.
In addition to thls core list of repeat donations, the trustees make occasional single donations.
The trustees understand that preparing applications is lime-con5umlng and expensive and for this reason would
emphasise that il is extremely rare for grants to be given in response to vnsglicited applicalions.
Achievements & Performance
The trustees carefully consider how their available resources can be utilised by way of grant making to existing
charitable organlsations in such a way as lo maximise impact in the areas covered by the trust objects. They
maintain direct personal oversight of, and interest in, the grantee organisations wlh this in mind.
FINANCIAL REVIEW
Principal fundlng source
The principal funding source comprises gifts from the trustees of the charily.
Investment policy and objectives
The charity's investment advisors Cazenove Capital Management are instructed to manage the portfolio in
accordance wth the trustees, Investment Policy statement.
Unréstrictèd funds
Income for the year amounted lo £973,236 compared to £478,225 for the year ended 31 March 2023. Grant
commitments of £222,765 (2023.. £220,000) were made and support costs amounted to £9,33012023.' £9,263).
The unrestricted income fund al the balance sheet date is £990,10412023'. £248,963).

THE 3T'S CHARITABLE TRUST
REPORT OF THE TRUSTEES
Year endod 31 Mar¢h 2024
Grants disbursed in the yèar
In the year the charity made new single year grants of £107,765 and these are included in the the lolal of £222,765,
shown above
In addition, as set out in Note 16, the charity expended £605,000 in relation to ils multi-year commitments, taking
the total amount disbursed in the year to £712,765.
Expendable endowment
In Ihe year donations of £462,425 were received and added to the expendable endowment fund. This compares
with £5,913,g60 In the previoLlS year.
The expendable endowment fund increased by £1,753,606 during the year. Thls compares with £4,848,582 in the year
ended 31 March 2023. The expendable endowment stood at £20,249,35412023.' £18,495.748) at the balance sheet date.
Reserves pollcy
The trustees aim lo maintain the endowment fund al a level sufficient lo generate returns lo maintain and increase
the level of granl making in the future. To this end further gifts have been provided over time and Ihe trustees are satisfied
with the current level of reserves given the increased grant making planned going forward.
STRUCTURE, GOVERANCE AND MANAGEMENT
Governing document
The 3T's Charitable Trust is an tjnincorporated trust, constituted under a trust deed dated 17 M8r¢h 2005 and is a
registered charity.
Recrultment and appointment of new trustèè
C N C Shemood, R J She￿OOd, T J M Shewood, T A B Hood and T A H SheNood are trustees for life
and W J Medlicott for four years from 18 July 2021. The number oftruslees shall be a minimum of two and a maximum of
six. Trustees wll be appointed by existing trustees and a retiring trustee may be re-elected. There were no new
trustees in the year.
Organisation struclure
The trustees meet regularly lo consider grant making, investments, reserves and risk management policies
and performance.
Induction and training of new trustees
The induction process for any newly appointed trustees comprises of an initial meeling with all existing trustees. In
addition the appoinled trustee will be provided wlh a copy of the Charity Commissions guidance "Essential Trustees-.
What you need lo know, what you need to do" a copy of the Trusl Deed and a copy of the latest annual report and
accounts.

THE 3T'S CHARITABLE TRUST
REPORT OF THE TRUSTEES
Year ended 31 March 2024
The exisling iruslees seek to maintain their knowledge and understanding - by virtue of their professional backgrounds,
by reference to guidance from the Charity Commission and by seeking professional advi¢e where ne¢essary
Approved by order of the board of trustees on.....l..ts. - 11... l.4......and signed on it behalf
Rosemary Jane
ood - Trustee

THE 3T'S CHARITABLE TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Year ended 31 March 2024
Trustees. responsibillties in relation to the financial statemènts
The trustees are responsible for preparing the Report of the Trustees and the financial stalements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities England and Wales requires the trustees to prepare financial slatemenls for each
financial year which give a Iroe and fair view of the state of affairs of the charily and of the incoming resources and
application of resources of the charity for thal period.
In PTeparing these financial statements the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP 2019 IFRS 102).,
make judgements and accounting estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed,
prepare the financial statements on the going concern basis unless il is inappropriate to presume that
the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial
position of the charity and enable them lo ensure that the financial statements comply wth the Charities Act 2011,
the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also
responsible for safeguarding the assets of the ¢harily and hence for taking reasonable steps for the prevention and
deleclion of fraud and other irregularities.
Approved by order of the board of trusteès on........
.and signed on il behalf
Rosemary Jane Sherwo
Trustee

THE 3T'S CHARITABLE TRUST
Independent Auditor's Report lo the Trustees of The 3T's Charitable Trust
Yoar ended 31 March 2024
OplnSon
We have audited the financial statements of The 3T's Charitable (the 'charity'} for the year ended 31 March 2024 whlch
comprise the Statemenl of Financial Aclivilies, the Balance Sheet, Cash flow slalement and the notes to the financial
slalements, including a summary of signiFicant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and the United Kingdom Accounting Standards, including FinanGial Reporting
Slandard 102 The Finartcial Reporting Standard applicable in the UK and RepubliG of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial slalemenls:
give a true and fair view of the stale of the charity's affairs as at 31 March 2024, and of its incoming resources
and application of resources, including its income and expenditure, for the year then ended..
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for opinlon
We conducted our audit in accordance with Intemational Standards on Auditing {UK} {ISAs IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial
slalements section of our report. We are independent of the ¢harily 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 oblainèd
is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slatemenls, we have concluded that the trustees, use of the going concern basis of accounting in
Ihe preparation of the financial statements is appropriate.
Based on the WOTk we have performed, we have not identified any material uncertainties relating lo events or conditions
that, individually or collectively, may cast significant doubl on the charity's ability lo ¢onlinue as a going concern for a
period of al least twelve months from when Ihe financial statements are authorised for issue.
Our respon5ibililies and the responslbllities of Ihe trustees with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the trustees annual report, other than the financial statements
and our auditor's report thereon, The trustees are responsible for the other information contained within the annual report.

THE 3T'S CHARITABLE TRUST
Independent Auditor's Report lo the Trustees of The 3T's Charitable Trust
Year endèd 31 March 2024
Our opinion on the flnancial stalements does nol cover the other information and, except to the extent othe￿ise explicitly
slated in our report, we do not express any form of assurance conclusion Ihereon.
Our responsibility is to read the other information and, in doing so. consider whether the other information is materially
inconsislenl with the financial statements or our knowledge obtained in the ¢ourse of the audit or othe￿ise appears lo be
aterially misstated. If we idenlify such material inconsislencies or apparent material misstatements, we are required to
determine whether this givel 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 misslatemenl of this other information, we are required to report
that fact.
We have nothing to report in this regard.
Matters on whlch we are requlrod to report by exception
We have nothing lo report in respect of the following matters in relation to which the Charilies {Accounts and Reports)
Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statemenls is inconsistent in any material respect wth the trustees,
report., or
the charity has not kept adequate accounting re¢ords', or
the financial statements are nol in agreement with the accounting records., or
we have not recelved all the informalion and explanations we require for our audit.
Re5ponslbllitl8s of trustees
As explained more fully in the stalement of truslees, responsibilities set out on page 6, the Iruslees are responsible
for the preparation of financial statements which 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 misslalement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charily's ability to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting
unless the Iruslees either intend lo liquidate the charlly or lo cease operations, or have no reaSistic alternative but lo do so.
Audilor's responslbillties for the audSt of thè flnancial stataments
We have been appointed as auditor under section 144 of the Charllles Act 2011 and repori in accordance with the Act
and relevant regulations made or having effect Ihereunder
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whelher due to fraud or error, and to issue an auditols report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audlt conducted in accordance with ISAS (UK) wll
always detect a material misstatement when It exists. Misslalements can arise from fraud or error and are considered

THE 3T'S CHARITABLE TRUST
Independent Auditor's Report to the Trustees of The 3T's Charitable Trust
Year ended 31 March 2024
material if, individually or in the gggregale, they could reasonably be expected to influence Ihe economic dècisions of
users taken on the basis of the financial slatemenls.
Irregularities, including fraud, aro instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, lo delecl material misstalemenls in respect of irregularities, including fraud. The
extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.
Based on our understartding of the Charity and the charity sector, we identified thal the principal risks of non-compliance
with law and regulations related lo the Charities Act 2011, and we considered the extent lo which non-compliance might
have a material effect on Ihe financial statemenls. We evaluated management's incentives and opportunllies for fraudulent
manipulation of the financial slalements and the audit procedures performed included..
Correspondence with Management including consideration of known or suspecled instances of non-compliance
with laws, regulation and fraud,.
testing of bank Iransaclions,. including tracing grant payments made. to supporling information
lesling accounting adjustments.,
testing completeness of Income.
Because of the inherent limitations of an audit, there is a risk Ihal we will not delecl all irregularities, including Ihose
leading to a material misstatement in Ihe financial statemènts 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 wll 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 concealmenl, forgery, collusion, omission
or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
kl8udilorslaudll-assur
les-
e-audi
This description forms part of our audilovs report
or
Use of our report
This reporl is made solely lo the charity's trustees, as a body, in accordance with Part 4 of Ihe Charities (Audit and
Reports} Regulations 2008. Our Audit work has been undertaken so that we might stale to the charitvs trustees those
matters we are required to state to them in an auditor's report and for no olher purpose. To the fLsllest extent permitted by

THE 3T'S CHARITABLE TRUST
Independent Audilor's Repotl to the Trustees of The 3T's Charitable Trust
Year ended 31 March 2024
law. we do not accept or assume responsibility to anyone other that the charity's trustees as a body, for our audit work.
for this report, or for the opinions we have formed.
a b.{
Gibson Booth Chartered Accountanls & Slatulory Auditors
New Court
Abbey Road North
Huddersfield
HD8 8BJ
Date.. 11. Ik
Gibson Booth Chartered Accountants is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
10

THE 3T'S CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Yèar ended 31 March 2024
Unrestricted
Income
Fund
Expendable
endowment
Fund
Total
th[$ year
31.03.24
Total
last ye)r
31.3,23
Ire%taledl
Note
Income resources
Volunlary Income
Donations
280.000
462.425
742.425
6 123 96U
Gift aid refunds
70,000
70,000
r)2 500
Inv85tmenl incom8
623,236
623.236
220.444
Total Incomlng recourses
973,236
462,425
1435.661
Resource5 expended
Cosl of generaling funds
Investment management costs
89.781
89,781
108,970
Charitable aclivilies
Granls and donations paid out
222,765
222,765
?2Q.UO
Govemance cosl
Trust accounlingllax clalm8 fees
9,330
9,330
Total resources expended
232,095
321,876
318,?3?
Net Incominglloutgoing) resources
before transfers
741,141
372,644
1.113,785
> 0fj8.671
Gross transfers belween funds
Net Incornel(outgolngl resour¢es before
other recogni$ed galng and losses
741,141
372,644
1,113.785
6.OJlJ 671
Other recognised gains and losses
ILosses)Igains on Investment assets
1,380,962
1,3BO,962
19r?1 1271
Net movemonts In I￿ndS
741,141
1,753,606
2,494,747
o,OQ7 Jf44
Fund balan￿ brought forward al 31 March 2023
Prior year adluslmenl
Fund balanGe brought forward al 31 March 2023 Irestaled)
348,963
100,000
248,963
18.495,748
18.844,711
100,000
18.744,711
13.641.167
18.495.748
13.G47 167
Fund balance carrled foNard at 31 March 2024
990,104
20,249.354
21.239.458
11

THE 3T'S CHARITABLE TRUST
BALANCE SHEET
As at 31 March 2024
Unrestricted Expendable
Income Endowment
fund
Fund
Total
this year
31.3.24
13sI year
ji'eslalgdl
Note
Fixed assets
Investment al markel value
666,761 20,249,354
20916115
1CJ 83.1864
Current assets
Debtors
70,000
70,000
1.1110
Cash at bank
848.002
848,002
6039
Creditors.. amounts falling due wthin one year
1594,659)
1594.659}
1644.2021
Net current assots
323,343
323,343
j6.3;,153'
Total assèts less current liabllltles
990.104 20,249,354
21,239,458
Creditors.- amounts falling due after one year
1450,0001
Net Assets
990,104 20,249,354
21,239 458
18,744.717
Fundg
Expendable endowment fund
Unrestricted income fund
20,249,354
990,104
21,239,458
18.4CJJ,148
248,96?
Approved by order of the board of trustees on..
.and signed on it behalf
Rosemary Jane SheMood- T
ee
12

THE 3T'S CHARITABLE TRUST
CASHFLOW STATEMENT
As at 31 March 2024
Note
31.3.24
41.3.23
Irevlale(11
Net income for the year
1,113,785
6 OJS.61 1
Adjustments for
Interest and dividends
Decreaselllncrease) in debtors
{Decrease)Ilncrease in creditors
(623,236)
168,990)
(499,543}
IL20 444 j
j48C I()21
Cash flows from operatlng actlvities
{77,9841
,) 4?6 311.;
Cash flows frorn investing actlvltles
Interest and dividends
Proceeds from sale of investments
Purchase of investments
623,236
19.802,267
124,206,283)
220,444
ID499291
111 68.1 IlGr
Net cash used by Investlng actlvltles
13,780,780)
Change in cash and cash equivalents
Cash and cash equivalents broughl forward
Cash and cash equivalents carrled fomard
(3,858,764)
5,146,021
1,287,257
4,4G4.113
Tr81 848
a146021
13

THE 3T'S CHARITABLE TRUST
ACOUNTING POLICIES
Yearended 31 March 2024
Basis of preparing the Ilnanclal statèments
The financial statements of the charity, which is a public benefit enlity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and the Republic of Ireland {FRS 102) (effective 1 January 2019)"
Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charilies Act 2011. The financial statements have been prepared on a going concern basis
under the historical cost convention with the exception of investments which are included at market value.
Going Concorn
There are no material un¢ertainlies about the charily's ability to continue.
Income
All income is recognised in the Slalemenl of Financial Activities once the charity has enlillement lo the funds,
it is probable that the income will be received and Ihe amount can be measured reliably.
Expendltura
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the
charity to that expenditure, it is probable that a transfer of economic beneftts will be required in settlement and
the amount of Ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under the headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated lo actlvilies on a basis consistent with the
use of resources.
Grants offered subject lo conditions which have not been met at the year end dale are noted as Gommilments
but not a￿rUed as expenditure.
Taxalion
The Charity is exempt from tax on its charitable aclivilies.
Fund Accounting
Unrestricted fund5 ¢an be used in accordance with the charitable objectives at the discretion of the trustees.
Expendable Endowment
The fund has been invested lo primarily produce income although the trustee5 may use Ihe fund for charitable
purposes if required.
Restricted funds can only be used for a particular restricted purpose within the objects of the charily.
Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes.
Forelgn Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign Currencies are translated into sterling at Ihe rate of exchange
ruling at the dale of transaction. Exchange differen¢es are taken into a¢¢ount in arriving at the operallng
result.
14

THE 3T'S CHARITABLE TRUST
ACOUNTING POLICIES
Year ended 31 March 2024
Investments
Investments are shown at market value al the balance sheet dale. All gains or losses on revaluation or on
disposal are included in the Statement of Financlal Activities
Investment income is recognised as receivable.
15

THE 3T'S CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
31.3.24
.11.03 23
1 Investment Income
Ireslaledl
UK Income
Interest
Dividends
Accumulated Dividends- Expendable endowment
Property
81,562
439,785
33,78U
9,606
12,533
Overseas Income Interest
Excess reportable income - Expendable endowment
Dividends
Property
42.110
65,996
1,103
80,995
50.173
Investment income is unrestricted unless othe￿iSe slated
623,236
220,444
2 Raising Funds
Portfolio management
89,781
108,970
89,781
108,970
3 Grants made
The lolal grants made lo institutions during the years was as follows..
Barts Charity
Books Beyond Words
British Heart Foundation
Envision
Envision
Footsteps Foundation
Haileybury & ISC Fundraising Hertford
Himalayan Trust UK
Home Start Hertfordshire
Isobel Hospice Ltd
RBG Kew- Friends & Supporters
Royal Marsden Cancer Charity
Royal Marsden Cancer Charity
Samaritans
The Felix Project
The Haileybury Youth Trust
Tree Aid
Unitas Youth Zones
50.000
10,000
5,000
1,000
1,000
1,000
22,500
15,000
30,000
4,265
100,000
5,000
20,000
20.000
30,000
8,000
3Jr,000
35.000
50,000
222,765
220,000
Further delail on commitments and on the actual cash disbursed in the year is provided in nole 16.
16

THE 3T'S CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
31.3.24
"11 03 2?
!r&sldl￿.d)
4 Governance costs
Handelsbanken Wealth Managemenl
Audit fee
Olher
6,000
2,940
390
6.000
9,330
5 Investments
Market value
Carry (market} value al beginning of year
Add Additions at cost
Less disposals at carry value
Addl(deductl net gainl{loss) on revaluation
Carry (market) value at end of year
14,691,8SY
24,206,283
119,802,267)
1,380,962
20,476,859
14,470.4J2
.11 C)Sl.060)
110.499 2911
1961 '12-,1
14 r)91,or I
Shares
Portfolio Cash
20,476,859
439,256
20,916,115
14.C)9-18,87
1.39.9(1s1
19 864
Realised gainsl(loss)
Unrealised gains/{loss) on revaluation
90,239
1,290,723
1,380,962
1430.¢2 I)
1530.JO61
1961.1gil
The historic cost of these investments was £19,134,710 (2023: £13,258,748)
17

THE 3T'S CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
2024
jresiiiledl
6 Debtors
Prepayments and accrued incorne
Gift aid refunds
1 010
70,000
70,000
1.010
7 Creditors: amount falling due within on8 year
Accruals and deferred income
Donation commitments
29,659
505,000
60Jr 000
534,659
644 202
8 Creditors: amount falling due after one year
Donation commitments
4aro.000
450.000
9 Analysis of Funds
At
01-Apr-23
restated
Income
Expenditure
Gains losses
& transfers
At
31-Mar-24
Unreslricled income funds
248,963
Expendable endowment funds 18.495,748
973,236
462,425
1232,095)
(89,781)
990,104
20,249,354
1,380,962
18,744,711
1,435.661
321,876
1,380,962
21,239,458
Al
01-Apr-22
Income
Expenditure
Gains losses
& transfers
At
31-Mar-23
Unre51ricted Income funds
Expendable endowment funds 13,647,167
478,225
5,918,679
(229,263)
1108,970)
248,963
18,495,748
1961,127)
13 647,168
6,396,904
338,233
961,127
18,744,711
18

THE 3T'S CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
10 Analysls of Net Assels between funds
Fund balances as at 31 March 2024 are represenled by..
Expendable
endowment
Funds
Unreslricled
Funds
Total
Funds
Fixed assets
666,761
20,249,354
20,916,115
Current assets
918,002
918.002
Current liabilities
1594.659)
(594,659)
Non-current liabilities
Total net as5e15
990,104
20,249,354
21,239,458
Analysis of Net Assets between funds
Ireslalecll
Fund balances as at 31 March 2023 are represented by..
Expendable
endowment
Funds
Unreslricled
Funds
Total
Funds
Fixed assets
353,614
19,478,250
19,831,864
Current assets
7,049
7,049
Current liabilllie5
(111,7001
1532,502)
(644,202)
Non-currenl liabilities
{450,0001
(450,000)
Total net assets
248,963
18,495,748
18,744,711
11 Staff costs and Trustees, Remuneration and Beneflts
There were no employees of the ¢harily during the year. The trustees received no remuneration and were
not reimbursed for any of their expenses in the year.
19

THE 3T'S CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
12 Related Party Disclosures
In the year ended 31 March 2024 Charles Sherwood gifted shares to the 3Ts Irustwhich had a market
value of £462.425 al the time of transfer. In addition Charles Sherwood made a donation lo the 3Ts Irust
of £350,000 including the gift aid repayment.
In the previous year ended 31 March 2023 Charles and Rosemary Sherwood gifted shares lo Ihe 3Ts trust
which had a mark$t value of £7,540,610 at the lime of transfer. In addition Charles Sherwood made a donation
lo the 3Ts trust of £265,500 including the gift aid repayment.
In the previou5 year ended 31 March 2023 Timothy, Tabitha and Taliana Sherwood each gifted shares to the
3Ts trust which had a market value of £1.457,783 at the time of transfer.
13 Prlor year adjustment
An additional grant commilment made in January 2023 has been included in the prior year figures. This has
decreased the surplus for the year ended 31 March 2023 by £100.000, and unreslricted funds have been
restated to £248,963 at 31 March 2023.
14 Analysis of cash and cash 8quivalonts
2024
2023
Cash in hand
Cash held within investments
848,002
439,255
1,287.257
6.039
5.139,983
5,146,022
15 Analysls of changes In net cash
At 1 April
2023
Cash flows
Other non-
cash
Changes
Al 31 March
2024
Cash
Cash equivalents
6.039
841.963
5,139,983
4,700,727
5,146,022 13,858.7641
848,002
439,256
1,287.258
Loans falling due wiihin one year
Finance lease obligations
5,146.022
3.858,764
1,287,258
20

THE 3T'S CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YÈar ended 31 March 2024
16 Grants and commitments
The accounts have been prepared on an ac¢ruals basis reflecting Ihe timing of commitments.
During the year, the trustees made four new commitments due after the balance sheel date (totalling
£115,000) in addition lo the sèven grants approved and settled in the year (£107,765). They continued
to honour the mulli-year commitments of £1,245,000 which were agreed in the year ended 31 March
2022 and £YOO,000 for the year ended 31 March 2023
The delails of the existing ¢ommltments are shown below..
Anne Robson Trust
45,000
Big Issue Foundation
45,000
Dalit Children
30,000
Fair Tria15 International
45,000
Hardman Trust
60,000
Herts Young Homeless
60,000
Marie Curie
105,000
Mary's Meals
105,000
Médecins san Frontières
150,000
Mind
105.000
Prostale Cancer UK
105,000
RBG Kew- Friend & Supporters
100,000
SCI Foundation
150,000
St Giles Trust
75,000
St Mungo's
105,000
Young Minds
60 000
1,345,000
Add new commilmenls..
Himalayan Trust UK
Home Start Hertfordshire
Royal Marsden Cancer Charity
Unilas Youth Zones
15,000
30,000
20,000
50,000
Add pre-existing commitments
300,000
1,760,000
Less paid in Year ended 31 March 2023
Less paid in Year ended 31 March 2024
590,000
605 000
565,000
The following amounts are due lo be paid in respect of the grant commitments in force at
31 March 2024
Year ended 31 March 2025
5S5,000
565,000
21

THE 3T'S CHARITABLE TRUST
APPENDIX TO THE FINANCIAL STATEMENTS
Year ended 31 March 2024
In the same period the trustees made cash disbursements against grant commitments of £605,000
as shown below..
Anne Robson Trust
Big Issue Foundation
Fair Trials Inl8rnalional
Hardman Trust
Herts Young Homeless
Himalayan Trust UK
Home Start Hertfordshire
Marie Curie
Mary's Meals
Médecins san Frontières
Mind
Proslale Cancer UK
RBG Kew- Friend & Supporters
Royal Marsden Cancer Charity
SCI Foundation
st Giles Trust
st Mungo's
Supporting Dalit Child￿n
Tottenham Hotspur Foundation
Unitas Youth Zones
Young Minds
15,000
15,000
15,000
20,000
20,000
15,000
30,000
35,000
35,000
50,000
35,000
35.000
60.000
20,000
50,000
25,000
35,000
10,000
15,000
50,000
20,000
605,000
Grants paid in year..
Books Beyond Words
Envislon
Haileybury & ISC Fundraising Hertford
Isobel Hospice Ltd
Royal Marsden Cancer Charity
The Felix Project
Tree Aid
10,000
1,000
22,500
4,265
5,000
30,000
35,000
107,765
Total grants made and disbursed in year
712,765
22