Handelsbanken Wealth & Asset Management THE 3T'S CHARITABLE TRUST REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2025 Version: 1211112025
THE 3T'S CHARITABLE TRUST INDEX Year ended 31 March 2025 P¥Je General information Report of the trustees Statement of trustees, responsibilities Independent auditors, report 7-10 Stalement of financial activities Balance sheet 12 Cashflow statement 13 Accounting policies 14-15 Notes to the financial slatemenls 16-22
THE 3T'S CHARITABLE TRUST GENERAL INFORMATION Year ended 31 March 2025 Trustees Charles Sherwood Rosemary Shew)od Timothy SheNood William Medlicott Tabitha Hood Tatiana Sherwood Principal address PO Box 68 Knebworlh Hertfordshire SG3 6UZ Independent Auditors Gibson Booth Chartered Accountants & Statutory Auditors New Court, Abbey Road North Shepley Huddersfield HD8 8BJ Bankers and Investment managers Cazenove Capital Management Schioder & Co Limited 12 Moorgate London EC2R 6DA Solicilors Cripps LLP 22 Mount Ephraim Tunbridge Wells Kent TN4 8AS Registered charity number 1109733
THE 3T'S CHARITABLE TRUST REPORT OF THE TRUSTEES Year ended 31 March 2026 The trustees present their report with the financial statements of the tharity for the year to 31 March 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 ANO ACTIVITIES Objectives and aims The objects of the trust are for such charitable purposes as the trustees in their absolute discretion think fit. Public benefit The trust meets its public benefit obligations by making granls to other registered charities. The trustees confirm that 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 planning futu activities and setting grant making policy for the year. Grant making The trustees have selected a core list of charities to support. For these organisations they believe that grants are of most value to the recipient organisations when they are in the form of multi-year Commitments (typically 3 years) and wilh the minimum conditions attached. They believe that this facilitates improved planning and allows recipients to meet their objectives more effectively. In addition to this core list of repeat donations, the trustees make occasional single donations. The trustees understand that preparing applicats'ons is time•consuming and expensive and for this reason would emphasise that it is extremely rare for grants lo be given in response to unsolicited applications. Achievements & Perfomiance The Iruslees carefully consider how their available resources can be uts'lised by way of grant making to existing charitable organisations in such a way as to maximise impact in the areas covered by the Irust objects. They maintain direct personal oversight of, and interest n, the grantee organisations with this in mind. FINANCIAL REVIEW Principal funding source The principal funding source comprises gifts from the trustees of the charity. Investment policy and objectives The charitls investmenl advisors Cazenove Capital Management are instructed to manage the portfolio in accordance with the trustees, Investment Policy statement. Unrestricted funds Income for the year amounted lo £904,998 compared to £973.236 for the year ended 31 March 2024. Grant commitments of £2,431,000 (2024.. £222,765) were made and support costs amounted to £9,353 (2024.. £9,330). The unrestricted income fund al the balance sheel date is £Nil (2024.. £990,104).
THE 3T'S CHARITABLE TRUST REPORT OF THE TRUSTEES Year ended 31 March 2025 Grants disbursed in the year In the year the charity made new single year grants of£116,000 and these are induded in the the total of £2,431,000. shown above In addition, as set out in Note 16, the charity expended £565,000 in relation to its multi-year commitments, taking the total amount disbursed in the year lo £681,000. Expendable endowment In the year donations of £1,843,750 were received and added to the expendable endovKnent fund. This compares with £462.425 in the previous year. The expendable endowment fund increased by £698.198 during the year. This compares with £1,753,606 in the year ended 31 March 2024. The expendable endowment stood at £20,947.55212024: £20,249,354) ai the balance sheet date. Reserves policy The trustees aim to maintain the endowment fund at a level sufficient to generate returns to maintain ant increase the level of grant making in the future. To this end further gifts have been provided over time and the 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 unincorporated trust. wnstituled urKJer a trust deed dated 17 March 2005 and is a registered charity. Recruitment and appointment of new trustee C N C She0d. R J Sherwood, T J M Sherwood, T A B Hood and T A H SherwcM)d are trustees for life and W J Medlicott for three years until 18 July 2028. The number of trustees shall be a minimum of two and a maximum of six. Trustees will be appointed by existing trustees and a retiring trustee may be re-elected. There were no nevi Irustees in the year. Organlsatlon structure Thg trustees meet regularly to consider granl making, investments. reserves and risk management policies and performance. Induction and training of new trustees The induction process for any newly appointed tTUStees comprises of an initial meeting with all existing trustees. In addition the appointed trustee will be provided with a copy of the Charity Commissions guidance "Essential Trustees.. What you need to know, what you need to do", a copy of the Trust Deed and a copy of the latest annual report and accounts.
THE 3T'S CHARITABLE TRUST REPORT OF THE TRUSTEES Year ended 31 March 2025 The existing trustees seek to maintain their knoedge ar understanding - by virtue of their professional backgrounds, by reference to guidance from the Charity Commission and by seeking professTronal advice where necessary Approved by order of the board of trustees on.. .and signed on it behalf Rosemary Jane ood - Trustee
THE 3T'S CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES Year ended 31 March 2025 Trustees. responsibilities in relation to the financial statements The trustees 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 Accountin9 Practice). The law appllcable to chafities in England and Wales requires the truslees to prepare fin8ncial staternents for eh finaneial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and applicalion of resources of the charity for that period. In preparing these financial statements the trustees are required to: select suitable accounting policies and then apply them consistently., obseNe the methods and principles of the Charities SORP 2019 (FRS 102); make judgements and accounting estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, prepare the financial statements on the gThng concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disdose with reasonable accuracy the financial position of the charity and enable them to ensure that Ihe financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 21)J8 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on.. -and signed on it behalf Rosemary Jane She d - Trustee
THE 3T'S CHARITABLE TRUST Independent Auditor's Report to the Trustees of The 3fs Charitable Trust Year ended 31 March 2025 Opinion We have audited the financial statements of The 3T's Charitable (the 'chariW) for the year ended 31 March 2025 which comprise the Statement of Financial Aclivities, the 8alance Sheet. cash flow statement and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framewoik thal has been applied in their preparation is applicable law and the United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepubliG of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of Ihe charilys affairs as at 31 March 2025, 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 Charilies Act 2011. Basis for opinion We conducted our audit in accordance with Internslional Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charily in accordance wth the elhical requirements that ale relevant to our audit of the financial slalemenls 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 oblain&d is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statemenls, we have concluded that the truslees, 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 uncertaints'es relats.ng to events or conditions that, individually or collectively, may cast significant doubt on the charivs 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 concem are described in the relevant sections of this report. Other information The other infonmation compnses the information induded in the trustees annual report other than the financial statements and our auditor's report thereon. The trustees are (esponsible for the other information contained within the annual report.
THE 3T'S CHARITABLE TRUST Independent Auditorfs Report to the Trustees of The 3T's Charitable Trust Year ended 31 March 202S Our opinion on the financial statements does not cover the other information and, except to the extent otheIse explicitly stated in our report, we do not express any form of assurance condusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially iiiconsistent wilh the financial stalements or our knowledge obtained in the course of the audit or othe1$8 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. Matters on which we are required to report by exception We have nothing to report in respect of Ihe following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opHnion'. the information given in the financial statements is inconsistent in any material respect with the trustees, report., or sufficient accounling records have not been kept; or Ihe financial statements are not in agreement with the accounting records; or we have not received ali the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities set out on page 6, the Iruslees are sponsible 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 statemenls that are free from material misstatement. whether due to fraud or error. Sn preparing the financial statements, the trustees are responsible fof assessing the charitys ability to conlinue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees eilher intend lo liquidale the charrty or to cease operalions. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder 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 an auditor's report 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 exisls. Misstatements can arise from fraud or error and are considered
THE 3T'S CHARITABLE TRUST Independent Auditorfs ReF)Ort to the Trustees of The 3T's CharitaDle Trust Year ended 31 March 2025 material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. Irregularilies, including fraud. are instances of non-compliance with laws and regulations. We design procedLJres in line with our responsibilities, outlined above. to delect material misstatements in respecl of irregularities, includiThJ fraud. The exleiil lo wliicli oui piocedui es ale Gapable o( deleciiiig ii"regulai ities. iiicludiiiy fidud ib d¥idiled belvw. B35ed on our understanding of the charity and the charity sector. we identified that the principal risks of non-compliance with law and regulations related lo the Charities Act 2011. and we considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the audit procedures pertormed IlUded. Correspondence with Management including consideration of known or suspected instances of Tr)n-complian¢e wilh laws, regulation and fraud.. testing of bank transactions: including tracing grant payments made. to SuppO.ng infomwtion testing accounting adjustments; testlng completeness of income. 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 slatements 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 fin8nci81 statemenls, as we will be less likely to become aware of instances of non-compliance. The risk is also grealer regarding irregularities occurring due to fraud rather than error. as fraud involves inlenlional concealment. forgery, collusion. omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at-. '.IlkWVW.frc.or rslaudil-assurancel This description forms part of our auditor's report Use of our report This report is made solely to the chariws trustees. as a t)ody. in accordance with Part 4 of the Charities (Audit and Reports) Regulations 2008. Our Audit work has been undertaken so that we might state to the charitls trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by
THE 3T'S CHARITABLE TRUST Independent Auditorfs Report to the Trustees of The 3T's Charitable Trust Year ended 31 March 2025 law. we do not accept or assume responsibility to anyone other that the charivs trustees as a body, for Our audit work, for this report, or for the opinions we have formed. Patrlck Healon IDec 5, 2025. 12'.08pml Gibson Booth Chartered Accountants & Statutory Auth'lors New Court Abbey Road North Huddersfield HD8 8BJ Date: 05 Dec 2025 Gibson Boolh Chartered Accountants is eligible for aFpoinlment 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 3TS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 March 2025 Unrestricted Income Fund Expendable endowment Fund Total this year 31.03.25 Total last year 31.3.24 Note Income resources Voluntary Income Donations 1.475.000 1,475,000 742.425 Gift aid refunds 368.750 368,750 70,000 Investment income 904,998 904,998 623,236 Total incoming recourses 904,998 1.843.750 ,748,748 1,435,661 Resources expended Cost ofgenerating funds Inveslment management costs 78.659 78,659 89,781 Charitable 8Ctivilies Grants and donations paid out 2,431,000 2,431,000 222,765 Govemance cost Trust accountingltax claims fees 9,353 9.353 9,330 Total resources expended 2.440.353 78,659 2,519.012 321,876 Net incomingl(outgoing) resources before Iransfers (1,535.356) 1,765.091 229,735 1,113,785 Gross transfers between funds 545.252 (545,252) Net incomelloutgoingl resources before other recognised gains and losses (990.104) 1,219.839 229,735 1,113,785 other recognised gains and losses ILosses)Igains on investment assets (521,641) (521,641 } 1,380,962 Net movements in funds (990,104) 698,198 (291,906) 2,494,747 Fund balance brought forward at 31 March 2024 990.104 20,249.354 21,239,458 18,744.711 Fund balance carried forward at 31 March 2025 20,947,552 20,947,552 21.239.458
THE 3T'S CHARITABLE TRUST BALANCE SHEET As at 31 March 2025 Unrestricted Expendable Income Endowment fund Fund Total this year 31.3.25 Total last year 31.3.24 Note Flxed assets Investment al market value 22,392,385 22,392,385 20,916,115 Current assels Debtors 70.000 Cash at bank 903,192 903,152 848,002 Credllors.. amounts falling due within one year (797.000) (21,026> 1818,026) 1594,659) Net current assets 106,192 21,026 85,167 323 343 Total assets less current liabilities 106.192 22.371,360 22.477,552 21,239.458 Credilnrs: smounls falling due after one year (106,192) (1,423.808) (1,530,000) Net Assets 20,947,552 20,947,552 21,239,458 Funds Expendable endowment fund Unrestricted income fund 20.947,552 20,249,354 990,104 *1,239,458 20.947.552 Approved by order of the board of trustees on.. 2.f.-. ..I1-..2f...and signed on it behalf Rosemary Jane Sh od - Trustee 12
THE 3T'S CHARITABLE TRUST CASHFLOW STATEMENT As at 31 March 2025 Note 31.3.25 31.3.24 Net Income for the year 229.735 1.113.785 Adjustments for Interest and dividends Decreasel(Increase) in debtors (Decreaselllncrease in ¢reditors (904,998> 70.000 1.753.367 {623,236} 168,990} {499,543} Cash flow5 from operatlng actlvltles 1,148.105 177,9841 Cash flows from investing artivities Interest and dividends Proceeds from sale of investments Purchase of investments 904,998 466.930 (2.903.393) 623,236 19,802,267 {24,206,283} Net cash used by Investing artivitles (1.531.465) 13.780,7801 Change in cash and cash equivalents Cash and cash equivalents brought foNrd Cash and cash equivalents carried forward (383,360) 1,287,257 903,897 (3,858,785) 5,146,021 1,287 257 13
THE 3T'S CHARITABLE TRUST ACOUNTING POLICIES Year ended 31 March 2025 Basis of preparing the financial statements The financial statements of the charity. which is a public benefit enb'ty under FRS 102, have been prepafed in accordance with the Charities SORP IFRS 102) 'kcounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repoitiiig Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 Janu2ry 2019)., Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The financial stalements have been prepared on a going concern basis under the historical cost convention with Ihe exception of investments vthich are included at market value. Going Concern There are no material uncertainties about the charivs ability to continue. Income All income Is recognised in the Statement of Finarcial Activities once the charity has entitlement to the funds. it is probable that ihe income wll be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable Ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an arualS basis and h8s been classified under the headings that aggregate all cost related to the calegory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which h8ve not been met al the sEar end date are noted as commitments but not accrued as expenditure. Taxation The charlty is exempt from tax on its charitable adivities. Fund Accounting Unrestricled funds can be used in accordance with the charitable objectives at the discretion of the trustees, Expendable Endowment The fund has been invested to primarily produce income although the trustees may use the fund for charitable purposes if required. Restricted funds can only be used for a particular restricted purpose )Mthin the 0ects of the charity. Restrictions arise when specified by the donor or when funds are raised for particulaf restricted purposes. Foreign Currencies Assets and liabilities in foreign currencies are trar6lated into sterling at the rates of exchange ruling at the balance sheel date Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. 14
THE 3T'S CHARITABLE TRUST ACOUNTING POLICIES Year ended 31 March 2025 Investments Investments are shown at market value at the balance sheet date. Ail gains or losses on revaluation or on disposal are included in the Statement of Financial Aclivilies Investment income is recognised as receivable. 15
THE 3T'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 31.3.25 31.03.24 1 Investment income UK Income Interest Dividends Property 39,187 865,811 81,562 439.785 9,606 Overseas Income Interest Dividends 42,110 50,173 Investment income is unrestricted unless otherwise stated 904,998 623 236 2 Raising Funds Portfolio man8gement 78,659 89,781 78.659 89,781 3 Grants made The total grants made to inslitutions during the ar5 was as follows.. Books Beyond Words Brendan Kutler Education Fellowship Envision Haileybury & ISC Fundraising Hertford Haileybury & ISC Fundraising Hertford Himalayan Trust UK Home Slart Hertfordshire Isobel Hospice Ltd Motor Neurone Disease Association Royal Marsden Cancer Charity Royal Marsden Cancer Charity Supporting Dalit Chidren The Felix Project Tree Aid Unitas Youth Zones 10,000 20,000 1,000 1,000 22,500 25,000 15,000 30,000 4,265 10,000 5,000 20.000 15,000 30.000 35,000 30,000 35,000 50,000 Three year commitments". Apopo UK Anne Robson Trust Felix Project Hardman Trusl Herts Young Homeless Herts Domestic Abuse Helpline Himalayan Trust UK Home Start Hertfordshire Marie Cui ie Marls Meals 75.000 60,000 90.000 75,000 75,000 30.000 75,000 105.000 120.000 120,000 16
THE 3T'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 31.3.25 31.03.24 Three year commitments (continued): Médecins s8n Frontières Mind Motor Neurone Disease Assoc. Prostate Cancer UK RBG Kew- Friend & Supporters Royal Marsden Cancer Charity SCI Foundationlunlimit Heath St Giles Trusi St Mungo's Tree Aid Unitas Youth Zones Young Minds 180,000 120,000 30.000 120,000 150,000 75,000 180,000 90,000 120,000 150,000 180.000 75,000 2,431,000 222.765 Further detail on commitfflents an¢J on the actual cash disbursed in the year is provided in note 16. 4 Governance costs Handelsbanken Weallh Management Audit fee Other 6,000 3.000 353 6,000 2,940 390 9.353 9330 5 Investments Market value Carry (market) value at beginning of year Add Additions at cost Less disposals at carry value Addl{deduct) net gainl(loss) on revaluation Carry (market) value at end of year 20.476,859 2.903,393 (466.930) 521,641 22.391,681 14,691,881 24,206,283 (19,802,267} 1.380.962 20,476,859 Shares Portfolio Cash 22.391,681 704 22,392,385 20,476,859 439,256 20,916,115 Realised gainsl(loss) Unrealised gainsl(loss) on revaluation 4,906 526,547 521,641 90,239 1,290.723 1,380.962 The hi3toric Gost of these investmenls was £21,625,931 (2024: £19, 134,710) 17
THE 3T'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 2025 2024 6 Debtors Prepayments and accrued income Gift aid refunds 70,000 70 000 7 Creditors: amount falling due within one ar Accruals and deferred income Donation commitmenls 33,026 785.000 29,659 565.000 818,026 £94,659 8 Creditors: amount falling due after one year Donation commitments 1.530,000 1,530.000 g Analysis of Funds At 01-Apr-24 Income Expenditure Gains losses & tsansfers At 31-Mar-25 Unrestricted income funds 990,104 Expendable endowment funds 20.249,354 904,998 {2.440,353) 1.843.750 (78,6S9) 545,252 (1.066,893) 20,947,552 21,239,458 2,748,748 12,519,012 1521.641 20,947,552 At 01-Apr-23 Income Expenditure Gains losses & transfers At 31-Mar-24 Unrestricted income funds 248.983 Expendable endowment funds 18,495,748 973,236 462,425 {232,095) 189,781) 990,104 20,249.354 1,380,962 18,744,712 1,435.661 321,876 1.380.962 21,239,458 18
THE 3T'S CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 10 Analysis of Net Assels between funds Fund balances as at 31 March 2025 are represented by.. Expendable endowment Funds Unrestricted Funds Total Funds Fixed assets 22,392,385 22,392,385 Current assets 903,192 903,192 Current liabilities 1797,000) (21.026) (818,026) Non-current liabilities {106.192) (1.423.808) (1,530.000) Total net assets 20,947.552 20.947,552 Analysis of Net Assets between funds Fund balances as at 31 March 2024 are represented by: Expendable endowment Funds Unrestricted Funds Total Funds Fixed assets 666,761 20,249.354 20,916,115 Current assets 918.002 918,002 Current liabilities (594,659) 1594,659) Non-current liabilities Total net assets 990.104 20,249,354 21.239,458 11 Staff costs and Trustees. Remuneration and Beneffts There were no employees of the charity 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 2025 12 Related Party Disclosures In the year ended 31 March 2025 Charles SheTwDod made a donation to the 3Ts trust of £1,375,000 including the gift aid repayment. In the previous year ended 31 March 2024 Charles Sherwood gifted shares to the 3Ts trust which had 3 market value of £462,425 at the lime of transfer. In addition Charfes Sheood made a donab.on 10 the 3Ts trust of £350,000 including the gift aid repayment. In the year ended 31 March 2025 Rosemary Sherwood made a donation to the 3Ts trust of £468,750 including the gift aid repayment. She did not make a g.ft aid donation in the previous year. 13 Analysis of cash and cash equivalents 2024 2024 Cash in hand Cash held within investments 903.192 704 903.896.. 848,002 439.255 1,287,257 14 Analysis of changes in net cash At 1 April 2024 Cash flows Other non- cash Changes At 31 March 2025 Cash Ciisli equivalents 848.002 439,256 1,287,258 55.190 438,552 (383,382) 903.192 704 903.896 Loans falling due within one year Finance lease obligations 1,287.258 383.362 903,896
THE 3T'S CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 16 Grants and commitments The accounts have been prepared on an accruals basis reflecting the timing of commitments. During the year. the trustees made ntY three new cornrnitrnents due after the balance sheet date (tolalling £2,315,000) in addition to the six grants approved and settlp.d in th@ year {£116,000) They continued to honour the mulli-year commitments of £1.245.000 which were agreed in the year ended 31 March 2022 and £100,000 for the Far ended 31 March 2023 The details of the existing commitments are shown below: Outslanding Commitment atyear end Due within Due in more 12mths than 12 months Commitments made in earlier years and settled in fijll by 31 March 2025 Grants made to Charities detailed in earlier years Less paid in Year ended 31 March 2023 Less paid in Year ended 31 March 2024 Less paid in Year ended 31 March 2025 1,760.000 (590,000) (605.000) 565.000 Detailed below Add new commitments". Single Year Commitment Brendan Kutler Education Fellowship 20,000 20,000 Three Year Commitment Anne Robson Trust Apopo UK Felix Project Hardman Trust Herts Young Homeless Herts Domestic Abuse Helpline Himalayan Trust UK Home Start Hertfordshire Marie Curie Mary's Meals Médecins san Frontières Mind Motor Neurone Disease Assoc. Prostate Cancer UK RBG Kew - Friend & Supporters Royal Marsden Cancer Charity SCI Foundationlunlimit Heath St Giles Trust st Mungo's Tree Aid Unitas Youth Zones Young Minds 80,000 75.000 90,000 75,000 75,000 30,000 75,000 105,000 120.000 120,000 180.000 120.000 30.000 120,000 150,000 75.000 180,000 90,000 120.000 150.000 180,000 75,000 2.315.000 20,000 25,000 30,000 25,000 25,000 10,000 25,000 35,000 40,000 40,000 60.000 40.000 10,000 40.000 50,000 25,000 60,000 30,000 40,000 50,000 60,000 25,000 785,000 40.000 50,000 60,000 50,000 50,000 20.000 50,000 70,000 80,000 80,000 120.000 80,000 20,000 80,000 100,000 50,000 120,000 60,000 80,000 100,000 120,000 50,000 1,530,000
THE 3T'S CHARITABLE TRUST APPENDIX TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 Grants and commitments (continued) The following amounts are due to be paid in respect of the grant commitments in force at 31 March 2025 Year ended 31 March 2026 Year ended 31 March 2027 Year ended 31 March 2028 785,000 765,000 765.000 2,315,000 785,000 765,000 765.000 1,530,000 785,000 In the same period the trustees made cash disbursements against grant commitments of £565,000 as shown below: Anne Robson Trust Big Issue Foundation Dalit Children Fair Trials International Hardman Trust Herts Young Homeless Marie Curie Mary's Meals Médecins san Frontières Mind Prostate Cancer UK RBG Kew- Friend & Supporters SCI Foundation Sl Giles Trust Sl Mungo's Young Minds Home Start Hertfordshire Himalayan Trust UK Unitas Youth Zones Royal Marsden Cancer Charity 15,000 15,000 5,000 15,000 20,000 20,000 3S.000 35,000 so,000 35,000 35,000 40.OIX) 50.000 25,000 35.000 20.000 30.000 15.000 50.000 20,000 565.000 Grants paid in year- Envision Haileybury & ISC Fundraising Hertford Molor Neurone Disease Association Supporting Dalit Children The Felix Project Tree Aid 1,000 25.000 10,000 15,000 30,000 35.000 116.OXI ToLql grants made and disbursed in year 681,000 22