REGISTERED CHARITY NUMBER: 1116849
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Janua
2024
for
The Rowse Famil TrLJSt
Frlends.Tax LLP
Pippin5
Cherry Drive
Forty Green
Beaconsfield
Buckingham5hire
HP9 IXP

The Rowse Famil Trust
Contents of the Financial Statements
for the Year Ended 31 Janua
2024
Page
Report of the Trustees
Independent Exarniner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10
22
Detailed Statement of Financial Activities
23
24

The Rowse Familv Trust
ReDOrt of the Trustees
for the Year Ended 31 Januarv 2024
The Trustees of The Rowse Family Trust (the "Trust") present their report together wlth
the Financial Statements for the year ended 31st January 2024. The Financial
Statement shave been prepared in accordance with the accounting policies set out in
note 2 to the Financial Statements and comply with the Charity's Trust Deed the
Charities Act 2011 and the 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
(FRS102) (effective January 2022).
TRUTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The law applicable to charities in England and Wales requires the Trustees to prepare
Financial Statements for each financlal year which give a true and fair view of the
Trust's financial activities during the year and of its financial position at the end of the
year. In preparing Financial Statements givlng a true and fair view, the Trustees should
follow best practice and:_
select suitable accounting policies and the apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended
practice have been followed, subject to any departures disclosed and explained
in the Financial Statements: and
prepare the Financial Statements on the going concern basis unless it is
inappropriate to presume that the Trust will continue in operations.
The Trustees and responsible for keeping accounting records which disclose with
reasonable accuracy the financial position of the Trust and which enable them to
ascertain the financial position of the Trust and which enable the to ensure that the
Financial Statements comply with the Charities Act 2011, the Charities (Financial
Statements and Reports) Regulations and the provisions of the Trust Deed. The
Trustees are responsible for the safeguarding of the Trusys assets and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Page 1

OBJECTIVES AND ACTIVITIES
Objectives and airns
The Trust is a grant making charity and the capltal and income of the Trust shall be
applied for such charitable purposes as the Trustees in their absolute dlscretion shall
decide, The Trustees confirm that they have referred to the Charity Commission's
guidance on Public Benefit when reviewing the Trust's alms and objectives and in
planning future actlvlties and setting grant making policy.
Public benefit
The Trustees confirm they have complied with their duty in section 17(5) of the
Charities Act 2011 to have due regard to the Public Benefit guidance published by the
Charity Commission.
Grantmaking Policy
The Trustees meet regularly to di5CUSS the making of donations and grants but do not
Invlte unsolicited grant applications.
ACHIEVEMENT AND PERFORMANCE
During the year the Trust has made donations and grants of £209,999 (2023: £274,750)
to various registered charitsble organizations. A list of the grants made is shown in
note 5. This takes the total of donations and grants made since the Trust was formed to
over£4m.
Page 1

The Rowse Famil Trust
Re
ort of the Trustees
for the Year Ended 31 Janua
2024
FINANCIAL REVIEW
Financial p051tion
The Trust received donations during the year of £36,206 (2023:£52,038). The ongoing
principal source of income will be the portfolio of investments which had a market
value of £4.117,441 as at 31st January 2024 (2023:£4,298,986). Given the nature of the
Trust's assets it is anticipated that grants will continue at a similar level in the future.
Reserves policy
The Trustees are aware If the requirements of the Chanty Commissioner to review their
policy of reserves are regular intervals and it is current policy to distribute an arnount
at least equal to all incoming resources less investment management and governance
costs.
The charity only holds unrestricted funds. At the year end there were £3,856,926
{2023:£3,960,855) unrestricted reserves.
FUTURE PLANS
The Trustees plan to continue with the current Investment and grant making policles.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust is an unincorporated trust, constituted under a Trust Deed dated 30th
October 2006 and is a registered charity, number 1116849. The Trust does not actively
fund raise and seeks to continue the philanthropic work desired by the settlors through
careful stewardship of its existing resources.
In accordance with the Trust Deed, the Trust shall appoint no more than five Trustees,
each Trustee is appointed by resolution of the Trustees and each Trustee is appointed
to office for life subject to their ability to continue to perform their duties.
The Trustees meet at regular intervals to discuss investment strategy, the making of
grants and the running of the Trust generally. The Trustees who served during the
period and since the period end are set out on page 3.
Page 2

The Rowse Familv Trust
ReDort of the Trustees
for the Year Ended 31 Janua
2024
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Charity number
1116849
Principal address
4St Mary's Court
Wallingford
Oxfordshire
OXIO OEB
Trustee5
R Rowse
M McAllister
B Butcher
Independent Examiner
Lee Gardner
Vale & West Accountancy Servlces Ltd
Victoria House
26 Queen Victoria Street
Reading
RGI ITG
Approved by order of the board of trustees on 26 Novernber 2024 and signed on its
behalf by:
26-11-Lt
M McAllister - Trustee
Page 3

Inde
endent Examiner's Re
The Rowse Fami
Trust
ort to the Trustees of
Independent examlner's report to the trustees of The Rowse Famlly Trust
I report to the charity trustees on my examination of the accounts of The Rowse Family
Trust (the Trust) for the year ended 31 January 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carried out under Section
145 of the Act and in carrying out my examination I have followed all applicable
Directions given by the Charity Commission under Settion 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connettion with the examination giving me cause to believe that in any
materlal respect:
accounting records were not kept in respect of the Trust as required by Section
130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requlrements concerning the
form and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a true and
fair vlew which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in thi5 report in order to enable a
proper understanding of the accounts to be reached.
Page 4

Inde
endent Examiner's Re
The Rowse Familv Trust
ort to the Trustees of
This report is made solely to the charity's trustees, as a body, in accordance with
Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. My work has
been undertaken so that I might state to the charity's trustees those matters l am
required to state to them in an independent examiner's report and for no other
purpose. to the fullest extent permitted by law, I do not accept or assume
responsibility to anyone other than the charity's trustees as a body, for my work, for
this report. or for the statement I have made.
Lee Gardner FCA
Vale & West Accountancy Services Ltd
Vittoria House
26 Queen Victoria Street
Reading
RGI ITG
Date:.
Page 5

The Rowse Famil Trust
Statement of Financial Activities
for the Year Ended 31 Januarv 2024
31.1.24
31.1.23
Unrestricted Total
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
36.206
52.038
Investment income
91.307
70,155
Total
127,513
122.193
EXPENDITURE ON
Raising funds
34,795
40,567
Charitable activltles
Grants to organlsations
209,999
274,750
Other
3,615
7,446
Total
248,409
322,763
Net gains/{losses) on investments
16.966
(75,686)
NET INCOME/(EXPENDITURE)
(103,930) (276,256)
RECONCILIATION OF FUNDS
Total funds brought forward
3,960,856 4,237,111
The notes form part of these financial statements
Page 6

The Rowse Familv Trust
Statement of Financial Act_ivities
for the Year Ended 31 Janua
2024
31.1.24
31.1.23
Unrestricted Total
fund
funds
Notes
TOTAL FUNDS CARRIED FORWARD
3.856,926 3,960,856
The notes form part of these financial statements
Page 7

The Rowse Famil Trust
Balance Sheet
31 Janua
2024
31.1.24
31.1.23
Unrestricted Total
fund
funds
Notes
FIXED ASSErs
Investments
4,117,441 4,298,986
CURRENT ASSETS
Debtors
Cash at bank
6,034
148,210
169,185
154.244
169,185
CREDITORS
Amounts falllng due within one year 9
{414,759) (507,316)
NET CURRENT ASSETS
(260,515) (338,131)
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,856,926 3,960,855
NET ￿£SE[s
3.856,926 3,960,855
The notes form part of these financial statements
Page 8
continued...

The Rowse Famil Trust
Balan￿ Sheet- continued
31 January 2024
FUNDS
Unrestricted funds
11
3,856,926 3,960,855
TOTAL FUNDS
3.856,926 3,960,855
The financial statements were approved by the Board of Trustees and authorised for
issue on 26th November 2024 and were signed on its behalf bv:
26_11.Zoltr .
M McAllister - Trustee
The notes form part of these financial statements
Page 9

The Rowse Familv Trust
Notes to the Financial Statements
for the Year Ended 31 Janua
2024
ACCOUNTING POLICIES
Basis of preparing the flnancial statements
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 UK and Republic of Ireland (FRS 102)
(effective l January 2019),, Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland, and the Charities
Act 2011. The financial statements have been prepared under the historical c05t
convention, with the exception of investments which are included at market
value.
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 reliablv.
Expenditure
Liabilities are recognized as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure, it is probable that 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
accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use
of resources.
Expenditure on grants is recorded once the Trust has made an unconditional
commitment to pay the grant and it is communicated to the beneficiary or the
grant has been paid, whichever Is the earlier.
Governance costs
This includes the cost of professional fees, trustees meetings and travel costs.
Page 10
continued...

The Rowse Famil Trust
Notes to the Financial Statements ~ continued
for the Year Ended 31 Janua
2024
ACCOUNTING POLICIES- continued
Taxation
The charity is exempt from tax on its charltable activities.
Fund accounting
Unrestricted funds can be used In accordance with the charitable objectives at
the discretion of the trustees.
Unrealized gains & losses
Unrealized gains and losses are show net in the statement of Financial Actlvlties.
CRITICAL ACCOUNTING JUDGEMENTSAND KEY SOURCES OF ESTIMATION
UNCERTAINTY
In the application of the Trust's accounting policies, the Trustees are required to
make judgments, estimates and assumptions about the carrying amounts If assets
and liabllities that are not readily apparent from other sources, The estimates and
associated assumptions are based on historical experience and other factors that
are considered to be relevant. Artual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoSng basis.
Revlslons to accounting estimates are recognized in the period in which the
estimate is revised if the revision affects only that period, or in the period of the
revisions and future periods if the revision affects both current and future
periods.
There were no judgement or material estimation uncertainties affecting the
reported financial performance in the current or prior year.
Page11
continued..

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
INVESTMENT INCOME
31,1.24
31.1.23
Investment incorne
Interest received
63,973
27,334
68,793
1,362
91,307
70,155
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended
31 January 2024 nor for the year ended 31 January 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 January 2024 nor
forthe year ended 31 January 2023.
Page 14
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
CHARITABLE EXPENDITURE
Donations and grants to organizations
2 Wish
180 Berinsfield School
Bone Cancer Research Trust
Breast Cancer
Cancer Research
Chance to Shine
Chew Valley School
Cholsey Primary School
Chosley Volunteer Fund
Church Conservation Trust
Cornubia
Crowmarsh Youth Football Club
Cure Parkinsons Trust
Dorothy House Hospice
Emmaus
Floatability
Guide Dogs for the Bllnd
Homestart
Isiqalo
Kaleidoscope
Kenya Child ren
Kidmore End Cricket
Long Lane Primary School
Marie Curie
Oxfordshire Scout Association
Orchestra of St John's
Quest for Learning
Royal Marsdon Hospital
Royal United Hospital
Royal Variety Charity
SOFEA
St Blazey Youth Football Club
2024
1,000
13,000
20,000
2023
25,000
500
1,000
7,000
3,000
7,000
1,000
3,000
1,000
1,000
30,000
3,000
1,000
2,000
1,000
5,000
1,000
5,000
5,000
81,000
40,000
6,000
10,000
10,000
5,000
1,500
5,000
5,000
1,000
3,500
23,750
5,000
1,000
10,000
10,500
5,000
9,000
2,000
Page 14
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
Style Acre
Teampact International
Thames Valley Air Ambulance
The Berin Centre
The Friends of St Laurence Church
U Watch
Ukraine Local Appeal
Wadebridge Super Charges
Wallingford Access Boats
Wallingford Art Club
Watlington U18 Football Club
Weston H ospice
1,000
39,999
£2,000
5.000
6,000
15,000
1.000
3,000
1,000
1,500
5,000
5,000
500
1,000
2,000
25.000
209,999 274,750
FIXED ASSET INVESTMENTS
31.1.24
31.1.23
Shares
Other
4,073,293 4.164,494
44,148
134,493
4,117,441 4.298,986
Page 15
continued...

The Rowse Famil.v_Trust
Notes to the Financial Statements - continued
for the Year Ended 31 JanuaN 2024
FIXED ASSET INVESTMENTS - continued
Additional information as follows:
Listed
investments
MARKET VALUE
At l February 2023
Additions
Disposals
Net realised & unrealised gain or {loss)
4,164,494
1.362,068
(1,517,723)
64,454
At 31January2024
4,073,293
NET BOOK VALUE
At 31January2024
4.073.293
At 31January2023
4,164,494
Of the fixed asset investments held at the year end £2,305,786 {2023:£1,051,143)
were U K assets and £1,767,507 (2023:£3,247.843) were overseas a55ets.
There is one investment which is more than 5% of the total value: the CF Ruffer
Absolute Return C Account which had a market value of £711,146 {2023:
£812.522). It is a collective investment and there is no holding in a single stock
that forms more than 5% of the portfolio.
Page 16
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
forthe Year Ended 31 Janua
2024
FIXED ASSET INVESTMENTS- continued
Cost or valuation at 31 January 2024 is represented by:
Listed
investments
Valuation in 2024
4,073,293
If fixed asset investments had not been revalued they would have been included
at the following historical cost:
31.1.24
31.1.23
Cost
3,707,591 3,694,709
Investments (neither listed nor unlisted) were as follows:
31.1.24
31.1.23
Cash held by investment managers
44,148 134,493
The signlflcance of financial instruments to the ongoing financial stablllty of the
Trust is considered in the f inancial review and investment policy and performance
sections of the report of the Trustee5.
The main risk to the Trust from financial instruments lies in the comblnation of
uncertain investment markets and volatility in yield.
Page 17
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
FIXED ASSET INVESTMENTS - continued
The Trust manages these investment risks by retaining expert advisors and
operating an investment policy that provides for an average risk profile seeking
investment opportunltles that are quoted which give the best total return.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24
31.1.23
Other debtors
6,034
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24
31.1.23
Other creditors
414,759
507,316
10. LOANS
An analysls of the maturity of loans is given below:
31.1.24
31.1.23
Amounts falling due within one year on demand:
Other loans
409,424 499,596
Page 18
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Januarv 2024
11. MOVEMENT IN FUNDS
Net
movement
At
At 1.2.23 in funds 31.1.24
Unrestricted funds
General fund
3,960,856 (103,930} 3.856.926
TOTAL FUNDS
3,960,856 {103,930) 3.856,926
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and
Movement
resources expended losses
in funds
Unrestricted fund5
General fund
127,513 (248,409)
16,966 (103,930)
TOTAL FUNDS
127,513 (248,409)
16,966 (103,930)
Page 19
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2024
11. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement At
At 1.2.22 in funds 31.1.23
Unrestricted funds
General fund
4,237,111 (276.256) 3,960,855
TOTAL FUNDS
4,237,111 (276,256) 3,960.855
Comparative net movement in funds, Induded in the above are as follows:
Incoming Resources Gains and
Movement
resources expended losses
in funds
Unrestricted funds
General fund
122,193 {322,763) (75.686) (276,256)
TOTAL FUNDS
122,193 {322,763) (75,686) (276,256)
Page 20
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Januarv 2024
12. RELATED PARTY DISCLOSURES
M J McAllister is a partner of BDO LLP who, in 2023, provided accounting and
taxation services to the Trust at normal commercial rates. The total charge for the
year ended 31 January 2024 was £nil (2023: £5,976) including irrecoverable VAT.
Page 22

The Rowse Famil Trust
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2024
31.1.24
31.1.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
36,206
52,038
Investment income
Investment income
Interest re￿iVed
63,973
27,334
68,793
1,362
91,307
70,155
Total incomlng resources
127,513
122,193
EXPENDITURE
Raising donations and legacies
Investment and bank fees
34,795
40,567
Charitable actlvities
Grants to organizations
209,999
274,750
Support costs
Governance costs
Independent examination fee
Carried forward
1,470
1,470
1,470
1,470
This page does not form part of the statutory financial statements
Page 23

The Rowse Famil Trust
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2024
31.1.24
31.1.23
Governance costs
Brought forward
Governance costs
1,470
2,145
1,470
5,976
3,615
7,446
Total resources expended
248,409
322,763
Net expenditure before gains and
losses
(120,896) {200.570)
Reali5ed recognised gains and losse5
Realised galns/{losses) on fixed
asset Investments
16,966
175,686)
Net expenditure
(103,930) (276,256)
This page does not form part of the statutory financial statements
Page 24