REGISTERED CHARITY NUMBER: 1116849
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Janua
2025
for
The Rowse Famil Trust
Friends.Tax LLP
Pippins
Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 IXP

The Rowse Famil Trust
Contents of the Financial Statements
for the Year Ended 31 Janua
2025
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
20
Detailed Statement of Financial Activities
21
22

The Rowse Famil Trust
Re
ort of the Trustees
for the Year Ended 31 Janua
2025
The Trustees of The Rowse Family Trust (the "Trust") present their report together
with 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),
OBJEcfivES AND AcfiviTIES
Objectives and aims
The Trust is a grant making charity and the capital and income of the Trust shall be
applied for such charitable purposes as the Trustees in their absolute discretion shall
decide, The Trustees confirm that they have referred to the Charity Commission's
guidance on Public Benefit when reviewing the Trust's aims and objectives and in
planning future activities and setting grant making policy.
Publlc beneflt
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.
Grantmaklng Pollcy
The Trustees meet regularly to discuss the making of donations and grants but do
not invite unsolicited grant applications.
ACHIEVEMENTS AND PERFORMANCE
During the year the Trust has made donations and grants of £358,500 (2024:
£209,999) to various registered charitable organizations. A list of the grants made is
shown in note 7. 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
2025
FINANCIAL REVIEW
Financial position
The Trust received donations during the year of £57,739 (2024:£36,206). The
ongoing principal source of income will be the portfolio of investments which had a
market value of £3,938,508 as at 31st January 2025 {2024:£4,117441). 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 ar regular intervals and it is current policy to distribute an
amount 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 £3,895,356
{2024:£3,856,926) u nrestricted reserves.
FUTURE PLANS
The Trustees plan to continue with the current investment and grant making
policies.
STRucfuRE, 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 Famil Trust
ort of the Trustees
for the Year Ended 31 Janua
2025
REFERENCE AND ADMINISTRATIVE DEfAILS
Reglstered Charlty number
1116849
Principal address
4St Mary's Court
Wallingford
Oxfordshire
OXIO OEB
Trustees
R Rowse
B Butcher
Independent Examlner
Lee Gardner
Vale & West Chartered Accountsnts
Vlctoria House
26 Queen Victoria Street
Reading
RGI ITG
Approved by order of the board of trustees on
signed on Its behalf by..
and
R Rowse-
ee
Page 3

Inde
endent Examinerfs Re
The Rowse Famil Trust
ort to the Trustees of
Independent examiner's report to the trustees of The Rowse Family 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 2025.
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 Section 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 connection with the examination giving me cause to believe that in
any material 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 requirements 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 view 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 this report in order to enable a
proper understanding of the accounts to be reached.
Page 4

Inde
endent Examiner's Re
The Rowse Famil 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 I
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
The Institute of Chartered Accountants in England and Wales
Vale & West Chartered Accountants
Victoria House
26 Queen Victoria Street
Reading
RGI ITG
Date:
2711112025
Page 5

The Rowse Famil Trust
Statement of Financial Activities
for the Year Ended 31 Janua
2025
31.1.25 31.1.24
Un restricted Total
fund
funds
Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
57,739
36,206
Investment income
60,112
91,307
Total
117,851 127,513
EXPENDITURE ON
Raising funds
40,196
34,795
Charitable activities
Grants to organisations
358,500 209,999
Other
4,848
3,615
Total
403,544 248,409
Net gains on investments
324,123
16,966
NEf INCOME/(EXPENDITURE)
38,430 (103,930)
RECONCILIATION OF FUNDS
Total funds brought forward
3,856,926 3,960,856
TOTAL FUNDS CARRIED
FORWARD
3,895,356 3,856,926
The notes form part of these financial statements
Page 6

The Rowse Famil Trust
Balance Sheet
31 Janua
2025
31.1.25
31.1.24
U nrestricted Total
fund
funds
Notes
FIXED ASSETS
Investments
3,938,508 4,117,441
CURRENT ASSETS
Debtors
Cash at bank
7,006
6,034
186,862 148,210
193,868 154,244
CREDITORS
Amounts falling due within one
year
(237,020) (414.759)
NET CURRENT ASSErs
(43,152) (260,515)
TOTAL ASSEfs LESS CURRENT
LIABILITIES
3,895,356 3,856,926
NET ASSETS
3,895,356 3,856,926
The notes form part of these financial statements
Page 7
continued.

The Rowse Famil Trust
Balan￿ Sheet - continued
31 Janua
2025
FUNDS
Unrestricted funds
11
3,895,356 3,856,926
TOTAL FUNDS
3,895,356 3,856,926
The financial statements were approved by the Board of Trustees and authorised for
Issue on.￿,.￿.0￿￿￿&...%￿.￿ and were slgned on Its behalf by:
R Rowse - Truste
The notes fonn part of these financial statements
Pag8 8

The Rowse Famil Trust
Notes to the Financial Statements
for the Year Ended 31 Janua
2025
ACCOUNTING POLICIES
Basis of preparing the financial 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 cost convention, with the exception of investments which are
included at market value, as modified by the revaluation of certain assets.
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.
Expendlture
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 resou rces.
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.
Taxation
The charity is exempt from tax on its charitable attivities.
Page 9
continued.

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
ACCOUNTING POLICIES- continued
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
Activities.
CRITICAL ACCOUNTING JUDGEMENTS AND 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 liabilities 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. Actual results may differ from
these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis,
Revisions 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.
Page 10
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
INVESTMENT INCOME
31.1.25
31.1.24
Investment income
Interest received
27,839
32,273
63,973
27,334
60,112
91,307
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended
31 January 2025 nor for the year ended 31 January 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 January 2025
nor for the year ended 31 January 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
36,206
Investment income
91,307
Total
127,513
EXPENDITURE ON
Raising funds
34,795
Charitable activities
Grants to organisations
209,999
Other
3,615
Page11
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES-
continued
Unrestricted
fund
Total
248,409
Net gains on investments
16,966
NET INCOME/(EXPENDITURE)
{103,930)
RECONCILIATION OF FUNDS
Total funds brought forward
3,960,856
TOTAL FUNDS CARRIED
FORWARD
3,856,926
Page 12
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
CHARITABLE EXPENDITURE
Donations and grants to organizations
2 Wish
180 Berinsfield School
Alzheimers
Bone Cancer Research Trust
Cancer Research
Chance to Shine
Chew Valley School
Cholsey Primary School
Coastline Housing
Cornubia
Crowmarsh Youth Football Club
Dementia UK
Isiqalo
Kaleidoscope
Kenya Children
Kidmore End Cricket
Long Lane Primary School
MCC Foundation
Mcmillian Nurses
MND Association
Oxfordshire Scout Association
OXON Community Fund
Orchestra of St John's
Quest for Learning
Real SW Community
Ride & Stride
Royal Opera House Charitable Fund
Royal United Hospital
Royal Variety Charity
SOFEA
St Blazey Youth Football Club
Style Acre
Teampact International
Thames Valley Air Ambulance
The Berin Centre
2024
£1,000
£13,000 £12,000
£15,000
£20,000 £15,000
£3,000
£1,000
£7,000 £10,000
£1,000
£3,000
2025
£5,000
£30,000 £40,000
£3,000
£5,000
£40,000 £40,000
£6,000 £20,000
£10,000 £30,000
£5,000 £10,000
£1,000
£3,000
£1,000
£10,000
£3,500 £23,500
£10,000
£2,000
£5,000
£5,000
£9,000 £17,000
£20,000
£2,000
£1,000 £11,000
£39,999
£2,000
£20,000
Page 13
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
CHARITABLE EXPENDITURE- continued
Ukraine Local Appeal
Wadebridge Super Charges
Wallingford Access Boats
Wallingford Boys Football Club
Wallingford Food Bank
Warborough Youth Cricket Club
Watlington U18 Football Club
Weston Hospice
£2,000
£1,500
£5,000 £10,000
£3,000
£10,000
£3,000
£1,000
£2,000
£209,999 £358,500
FIXED ASSEf INVESTMENTS
31.1.25
31.1.24
Shares
Other
3,872,746 4,073,293
65,762
44,148
3,938,508 4,117,441
Page 14
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
FIXED ASSET INVESTMENTS- continued
Additional information as follows:
Listed
investments
MARKET VALUE
At l February 2024
Additions
Disposals
Revaluations
4,073,293
2,680,176
(3,083,932)
203,209
At 31 January 2025
3,872,746
NEf BOOK VALUE
At 31 January 2025
3,872,746
At 31 January 2024
4,073,293
Of the fixed asset investments held at the year end £2,226,852
(2024:£2,305,785) were UK assets and £1,645,894 (2024:£988,146) were
overseas assets.
There is one investment which is more than 5% of the total value: the TM
Ruffer Portfolio B Account which had a market value of £624,599 (2024: CF
Ruffer Absolute Return C Account £711,146). It is a collective investment and
there is no holding in a single stock that forms more than SOA of the portfolio.
Cost or valuation at 31 January 2025 is represented by:
Listed
investments
Valuation in 2025
3,872,746
Page 15
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
FIXED ASSET INVESTMENTS- continued
If fixed asset investments had not been revalued they would have been
included at the following historical cost:
31.1.25
31.1.24
Cost
3,588,921 3,707,591
Investments (neither listed nor unlisted) were as follows:
31,1.25
31.1.24
Cash held by investment managers
65,762
44,148
The significance of financial instruments to the ongoing financial stability of the
Trust is considered in the financial review and investment policy and
performance section5 of the report of the Trustees.
The main risk to the Trust form financial instruments lies in the combination of
uncertain investment markets and volatility in yield.
The Trust manages these investment risks by retaining expert advisors and
operating an investment policy that provides for an average risk profile seeking
investment opportunities that are quoted which give the best total return.
Page 16
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25
31.1.24
Other debtors
7,006
6,034
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25
31.1.24
Other creditors
237,020 414,759
10. LOANS
An analysis of the maturity of loans is given below:
31.1.25
31.1.24
Amounts falling due within one year on demand:
Other loans
231,685 409,424
11. MOVEMENT IN FUNDS
Net
movement At
At 1.2.24 in funds 31.1.25
Unrestrlcted funds
General fund
3,856,926
38,430 3,895,356
TOTAL FUNDS
3,856,926
38,430 3,895,356
Page 17
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
11. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming ResourcesGains and
Movement
resources expended losses in funds
Unrestricted funds
General fund
117,851 {403,544) 324,123
38,430
TOTAL FUNDS
117,851 {403,544) 324,123
38,430
Comparatives for 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
Page 18
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
11. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
Incoming ResourcesGains and
Movement
resources expended losses
in funds
Unrestricted funds
General fund
127,513 {248,409)
16,966 {103,930)
TOTAL FUNDS
127,513 {248,409)
16,966 {103,930)
A current year 12 months and prior year 12 months combined position is as
follows:
Net
movement At
At 1.2.23 in funds 31.1.25
Unrestricted funds
General fund
3,960,856
(65,500) 3,895,356
TOTAL FUNDS
3,960,856
{65,500) 3,895,356
Page 19
continued...

The Rowse Famil Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Janua
2025
11. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement
in funds, included in the above are as follows:
Incoming ResourcesGains and
Movement
resources expended losses
in funds
Unrestricted funds
General fund
245,364 (651,953) 341,089 {65,500)
TOTAL FUNDS
245,364 (651,953) 341,089 (65,500)
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2025.
Page 20

The Rowse Famil Trust
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2025
31.1.25
31.1.24
INCOME AND ENDOWMENTS
Donations and legacies
Donations
57,739
36,206
Investment income
Investment income
Interest received
27,839
32,273
63,973
27,334
60,112
91,307
Total incoming resources
117,851 127,513
EXPENDITURE
Raising donatlons and legacles
Investment and bank fees
40,196
34,795
Charltable activities
Grants to organizations
358,500 209.999
Support costs
Governance costs
Independent examination fee
Governance costs
2,448
2,400
1,470
2,145
4,848
3,615
Total resources expended
403,544 248,409
Net expenditure before gains and
losses
(285,693) {120,896)
This page does not form part of the statutory financial statements
Page 21

The Rowse Famil Trust
Detailed Statement of Financial Activities
for the Year Ended 31 Janua
2025
31.1.25
31.1.24
Realised recognised gains and losses
Realised gains/(losses) on fixed
asset investments
324,123
16,966
Net Income/(expenditure)
38,430 (103,930)
This page does not form part of the statutory financial statements
Page 22