REIGISTEREID CHARtTY NUMBF.R: J134907
REPORT OF THE TRUSTF.F.S AND
FINANCIAL STATEI Mli NTS FIOR THE YEAR F.NDlI D 31 DEI CEMBEI R 2023
FOR
COMPTON VERNEY FUND
Wallwork Nelson & Johnso
Chaitei'ed Accountants & Statutoi'y AuditOlS
Chandlei. Hoiise
7 Feriy Road Office P8Tk
Rivei"SWcly
PRF.8TON
Lancashiir
PR2 2YFI

COIMPTON VEIINEtY FUND
CONTENTS OF TFIE FINANCIAL S'I'ATF.ME4NTS
FOR THE YEAR E4NDED 31 DECEMBER 1023
Page
Report of tlie Tru5tee5
Report of the Indcpelldent Auditor5
Statement of Fin*nci21 Activitie5
Balance Sheet
Cgsh f4 loiv Statemeiit
10
Notes to the Cash Flow State]nent
Notes to the Fiiigncial Statetnents
12 to 18

COMPTON VE4RNEY FIUND
RE4 PORT OFTHE TRUSTEES
riOR THE YEAR E4NDE4 D 31 DECEMBEIR2023
The tl"LlStees present their I'epoi't with tlie financial statements of the charity for the yec1r ended 31 December 2023. The
trustces have adopted the provisions of A¢¢ountinrT and Repoilinrw by Charities.. Statcinent of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial ReportlDg Standard applicable in the
UK and Republic of Ireland (FRS 1021 (effective l January 2019).
OBJfCTIVES AND ACTIVITIES
Objectives aDd'aims
Claiise 3 of the Trust Deed states..
The Trustees shall hold the Trust Fund and its inCOllLe upon trll5t to apply them for the pthposes of '.
the preservation of Coinpton Vemey for the benefit oFthe publi¢. and
maintaining and supporting for the benefit of the public the museum, gallery and education centre at Compton Vei'iiey.
The Ti'ustee5 confJrn] that they have referred to the giiidance coiiiained within the ChaTity Commission's geneixl
guidance on public benefit when reviewing the Charity's aims and objectives and in plaM)ing futs]it activities and setting
its slra(egic plans.
V(Jlunteers
The trust does not make use of voliinteei's or funthzi5ers.
AC.HIEVEMfi NT AND PERFORMANCE
Charitable activitie5
The'l'i'ust supports the related charitable coinpany Compton Ve1￿cY House Charity (CVHC}.
Investment perl'oi'inaijce
The charitg5 inve5tsnent policy is to ensure funds are g¢nerated to meet the flltu￿ commitments to siipport CVHC.
The results for the pei'iod are consider¢d satisfactory.
rilNANCIAL REVIEW
Prii)eipAI funding soiirce5
The Trust Fiind is invested wEth the advice olthe Investtnent adyisor5 to oenerate income and capital gxowth.
With the aid of investment advisoi'5' services. costing £227.471 (2022.. £230,268) for the period, the charity invested
in the stock mai'ket and money Inarktts to generate funds.
Page I

COMPTON VERNEY fiUNI)
REPORI. ()F I'FII,: 'I'RUS'I'Efi..S
roR'fHC YEIAR ENDED 31 DECEMJIF.R 2023
FINANCIAL RFVIEW
Invc5ttnetit i)olicy and objectives
l. 'I'rLislee5' investinent powers
Uiider Clause 4 of the Ti'ust Decd dated 8 Maich 2010 tlie Ti'usiees have absolute disci'etioji to invest the TrLiSt Fund and
its illcoihe anyivhere in the world ic lid in such stoLks, funds, shares, propety oi. other investments as they think fit. In
exercising their powers the trustees al'e required
io apply Such care as is I'easonable in Ilie circuiiistantes"
to have regaTd tn the suitability of the lliveslinent5 and to the need for diversification"
to obtain advice fi.ojn suitably qualified advisors"
2. Investtnent objectives
The Ti'iistces liave adopted a toldl return approacli to investinenl, as permitted by Clause 3 of the J)eed of (iift dated 23
March 2010. 'I'hey bear in inind that thc Peitnanent Endc)wment Fund inust not be allowed to fall below tlie figure of
£22,825,000 stated ￿Il Claiise 3.4 of tlie Deed of Gift. Theii. objectives aiE to generate siich total irturn, Ineasured ovei. a
period of yeai"s ￿]d allowing foi. market fliictuations, ￿ vvill Inaintain the v&lue of the entire fiiiid and at the s(iine time
enable Iheiii to pi"ovide siipport to Coinplon Vemey Hoiise Chai'ity, at the rate of £1,550,000 foi. the yeai. ended 31
December 2023. The gTant was incirased to £1,600,000 per anniim from the secoiid quarter of 2023.
3. Total fi￿d
The fiind consists of the siitn of £25,000,000 ttansfeiTed undei. tlie Deed of Gift dated 23 March 2010 tooethei. with the
sum of £l1.260,843 lThnsfei'i'ed by the ti'ustees of the Peter Moores Lliaritable Trust iii Janiiary Ii n(1 Mai¢h 2017. It is
considereil that the 2010 Giti is to be regai'ded as Permanent Eiido%vin£nt and that the 2017 Gift is to be iEgaiYied as
UDiestrictcd Fiinds. 'l-he ti'llstees have ¢onsideiEd ivhether the inve5ttiieiit objectives for tlie PeiThaiient Endowinent Fuiid
shoiild be any diffei'ent to tliose applicable to the IEinainiJig fiinds, but have detern]ined that so long as the value of tlie
Fund as a whole reinains at a level siiffieient to provide the I'equired I'etLtrn they have no need to do 50.
4. Attitude to Tisk
I'he Ti'ustees recognise that investment in instruments quoted on recognised £tock Exchanges carries a level of risk.
Hoi¥ever. based on advice receivcd and iii ljolit of investineiit ittiii'ns a5 rccoi'ded over lojig periods, tliey lake the view
that theii objectives will be best Inet by iiivesttnent in a diversified poitfolio of bonds and eqiiilies liavints for the most
pai'l a good level of market liqiiidity in iiorinal Liiriiinstances.
5. Investsnent Ic dvice
'rhc Triistccs iely 011 investinent iidvice provided by C¥PLI"ieiiLed inveslinenl advisers to whom thoy delegate the day to
day managenient dillies. -Fliey receive qiiarterly w'itten repoi'ts (Ind Ineet witli the iiivesttnent adviseTS tsvice yearly. E(ich
InanageT is aivai'e of the ti'ustees, ovenll iiivesiinejit i)olicy and needs. Eacli m1( iiager has s¢t beiichinai'ks for
pei'foi'inaiice dnd these aiE used to Ineasure Irsults.
6. Liquidity needs
The ti'ustees reco￿& ise that tliere may be tiines wl)en the total investtnent retiiin over a period falls sliort of that required
to Ineet the annual reqiiiieinenls of Coinptoii V¢ri)ey Hoiise Chai'ity. Tn giiai.d t2gainst aiiy liqiii(lity problein - caiiscd for
excimple by inai'kei conditioi)s at pai'iicular limes
separately.
they will froin time to tijne detennine a level OF cash to be held
Page 2

COMPTON VEIRNEY fiUND
RFI.PORT OF THE TRUSTELS
riOR THE YEAR ENDED 31 DELCEIlqBER 2023
IINANCIAL REVIEW
R¢serve5 policy
Re5ei"ves al'e held in the Endowtnent Fund. the Unresti'icted Fund and the Unapplied Total Retuill Fund.
Reasons for establishing a Reserves policy..
Undei. the requirement5 of Chai'ity Law, the Trustee5 al'e obliged to define the Chariws policy for holdit]g Reserve5. The
intention lli esl<iblishit]g the Reserves Policy for CVF is to secuTe the contiiiuatioii of the Charity'5 activitie5 during its
expected lifetime. The Poli¢y will.
Preserve the vi3bility of the Charity
Enable the Charity to meet its legal obligalioiis.
Ensure that the i'eserves are at a level sufficient to disohaTge all the Charitys l¢gal obligations.
Finaiieial revieiv
The Trustees are pleased with the on the investinents and have been able to make a donation of £1,550,000 (2022..
£1,400,000) to CVHC.
The level of reserves is considered to be Skttisfactoiy to achieve its objectives.
At the period end the Èndowment fund totalled £25,000,000 {2022'. £25,000,000). the Uiiapplied total Tetum fvnd
totalled £6,726,306 (2022: £4,706,969) aiid the Uniestricted fund totalled £1 1,798,179 {2022.. £11,208,653).
The Trustees are satssfied that the accounts comply with current statutory requirements and the Trust Deed.
STRUCTURE, GOVERNANCE AND MANAGEMEI NT
Governiiig dociiineiil
The chai'ity is COlltI'olled by its governing dociiinent, a deed of trist and constitutes an iitkincorpoi.ated Charity.
Rccruitment and appointiiient of iieiv tl'U5tees
There shall be at least four and not moiE than seven Trustees.
The Trustees may appoint neNV and additional Trustees by a resolution of the Trustees pa&8ed at a TTUStees ineeting.
0rgani5atiot12￿ I sti'ucture
The I'i'ustees will meet at Icast tlll'ee tiints in each yeai.. Evel'y mattel. sliall be detetinined by a majority of votes of the
Trustees pi'eseiit arLd voting on the question, with the ¢liaii" of th¢ ineeting havino the casting votc.
Indiiction and trainiiig of neiy Irustets
The induction pi'ocess loi. iiewly apposnted Trustees comprises a cotnprehensive welcome pack of information on
Compton Verney Fund and a Ineetiiig willi the Ti'ustees.
Related pnj-ties
'rhe Coinpton Verney Fund (CVFI suppoits the LElated charitable company the Coinploii Verney l-loiise Charity
(CVHC). This entity was initially founded by Sir Peter Moore8 (deceased) CBE DL who was the seltloi. of CVF.
All related party traiisa¢tion5 are fiilly disclosed Note 12 of the financial statements.

COMPq'ON VERNIIY FUND
RI,:I'OEII' OF THF. TRIJSTLLI.
FOR THE YEAR LNDEI D 31 DLI CEI MIIEIR 2023
R£F4LRENcf. AND AI)fvIINISTRATIVE DETAILS
Registi'r¢d Charily niitJibe2'
1134907
clo Wallwoi'k Nelson & Johnson
CFLandlci' HuLise
7 Ferry Road Office Park
Riversway
Presloii
LaJicasliiiE
PR2 2YH
Trustees
Appointed Until
Joanna Vazquez I ChaiI'person)
Kirstcn Suen50n -Tayloi'
Howard Joiies
Matthew Woods
Pliilip Bl￿t
- reappointed 8 Mai'ch 20?0
reappointed 8 Mairh 2020
I'eappoiiiled 17 Febi-uary ?021
appollited 17 Septembei 2019
appointed 23 September 2021
7 MaTch 2025
7 Ivlarch 2025
16 Februai'y 2026
16 September 2024
22 Septeinber 2026
Auditor5
Wallwork Ne150n & Johnsoii
Chaiidlei. House
7 Feriy Road Office P81'k
Iuvei'sway
Preston
Lanca5hire
PR2 2YH
Bates, Wells & Braithwaite
2 - 6 Cannon Sti'eet
LOblDON
E.C4M 6YH
Advi50J'S
Wavei'ton Investment Manic geinent
16 Babmaes Street
LONDON
SWIY6AH
Close Brothers Asset Mdiiagement
l O Excliange Squai'e
Pj'iwose Street
LONDON
EC2A 2BY
Asset Risk Consiiltanis (UK) Limited
46 Cliiincery Lane
Loiidoji
WC?A IJB
The adiniiiisti'atioii of the Ti'ust Is dealt with by coriEspoiidence to'.-
Mr P Woodbiirn
Clo Wi£ Ilivoi'k Nel%oii & Joliiison
Chc111dlei' 14ouse
Page 4

COMPTON VERNEI Y FUND
RfiPORT OF THE TRUSTEEI S
FOR THE YEAR ENDED 31 DECEMBER 2023
7 Ferry Road OtTice Park
Riversway
Preston
Lancashire
PR2 2YH
STATEI IMENI, or TRUSTEES, RESPOINSIBILITIES
The trustees are responsible for prepaTing th¢ Rcpoi'i of the TTUStees and the f￿anCIal statements in accordance with
applicable laiv United Kiiigdoin Accounting Standards (United Kingdom Generally Accepted Accountsng Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Chai.￿ty (Accounts and Reports)
Regulations 2008 and the pi'ovisions of the trLlSt deed reqiiiies the ts￿Stees to prepai'e f￿anCIal staleinents for ¢ach
financial yeai which give a true and fair view of tlie state of affails of thc charity and o( the incoinints IEsources and
application of resources, incliiding the income and expenditiire. of the charity for that period. In preparing those
financial statements. thc triistees air Tequired to
select suitable accounting policies and then apply thein consistently.
observe tlie methods and principles In the Charity SORP.
make judgement5 and estiinates that are i'easonable and pi"udent',
state wlietliei. applicable accounting standards have been followed, subject to any m&tei'ial departLires disclosed and
explained in the f￿anCial stateJnenls-
prepare the financial stdtements on the going concei'n basis iinless it is inappropi'iate to presume that the chai'ity Ivill
continue in business.
The tnistees are responsible for keeping piY)per accoiinting records ivhich disclose with reasonable aCc￿.a¢Y at any time
the financial position of the ¢hariLy and to enable thein to ensure that the fjnancial statements co]nply with the C'hat'itie5
Act 201 I, the Charity (Accounts and Repoits) Regulations 2008 and the provision5 of the trust deed. They are also
responsible foi. safeguarding the assets of Iht chai'ity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregulaTlties.
Approved by ol'd￿. of the boai'd of trustees on 5 August 2024 and signed on its behalf by..
MTS J Vazqiiez- Trustee

REI PORT OFTIIE INJ)fi.PfiNJ)F.NI' AUDITORS TO THE TRIJSTELI8 OF
COMPTON VF4.RNEY IIUND
Opiiiion
Wtt have aiidited the financial stateinent5 of Compton Veiiiey Fiind (the 'chaTlty'l for the yeai. ended 31 t)eceinbei' 2023
which coinpi'ise the Stalcineiit of Fiiiancial Activities, the Bi£ lance Sheel, Ihe Cash F￿0W Statement and notes to the
financial slateiiients, IllLludin8 a summary of significant accoiinting policies. The financial iepoi1ing fiatneivork that has
been applied in their pi'epardtion is applicable law and Uniled lQinoduJii AccoiintillCF Standards Iuiiited Kingdom
Generally Accepted Accounting Practice).
In oiij. opinion the finaiicial statements..
give a true and fail. view of ihe state of the chai'ity's affairs as at 31 Deceinbei. 2023 and of ils incoining resources and
application of resources, for the year then ended.,
have been properly prepared in accordance with United KinrNdom Generally Accepted Accounting Practice., and
have been piepared it] 8ccoI'dance witli the IEquirements of the Chai'ities Act 2011.
Basi5 (Dr opEnion
We conducted oiir audit in accordanee with Inteinational 8tandards on Aliditino
{UK) (ISAS (UK)) alld api)licable laiv.
Our responsibilities undej. those staiidard% are fi]rthei' desci'ibed in the AiiditQJ3' responsibilities for the audit of the
financial stateinenls sectioi) uf Qui. i'epoit. We are indepeiidenl of the chai'ity in acLoi'dance ivith the ctliical iequiremenls
that are relevant to oui. audit of the fu)ancicil stateTnents in the UK, includinrw the FRC'S Ethical Standard, and we have
fulfilled our otliej. eihical responsibilities in accoi'dance with these Tequireinejits. We believe that the aiidit evidence we
have obtained is suificient and appi'opi'iate to PTovide a basis foi" our opinion.
Coii¢liJsions relating to going eoncern
aiiditijig the fmancial stateineiits, we have concluded that the trusiees, use of the going eoncei'n basis oFaccounting in
Ihe prepai'ation of the financi£il stateinents is appropi'iate.
Based on the work we have pei'foiTred, we have not identified any material iijicertainties relating to events or conditions
that. individually oi. collectively, Inay cast siJts ificant doubt on the chai'ity's ability to Continue as a tsoing concei'n for a
period of at least twelve Inonths froin when the financial statements aTe aiithorised for issiie.
Our responsibilities and the responsibilities of the trustees with respect to going ¢oncfflii are described in the relevant
sections of this i'eport.
Othet. infor]n2tion
The tiustees ale respoiisible frjr the othei. inForniation. T]ie othei. illforination comprises the infoi'ii)ation included in the
Anniial Rei)ort, otlier Ihan the finciTicial slateinenls and our Reporr of the Independent Aiiditoi's theieon.
Our opinioii on the financial statejnenls does not covei. the i)thei' iiifomic1tion and, except to the extent otherwise
explicitly staled in oiir repoi't, we do not expiEss <iny forin of assiii-ance concliisioii theieon.
In connection witli our Riidit of the finaiicial stateinents, oiir itsponsibility is to lead the otlier infonnation and. in doing
so, considei. whether the other infoiination is materi1211y inconsistent witli the finaiicial stcltements or oiir knoivledtse
nbtained in thc aiidit or oiliei'wise ELppears to be materially niisstated. If we ideiltify suLh Inatei'idl inconsisteiiLies or
appaient Inaterial nii5St2teinents, we are iequired to detei-jniiie wliellier this gives rise to a Inalerial misstatement lll the
fiiiancic11 stateinents tlieinselves. If, based on the ivoi'k we Iiave peiformed. Nve conclude that thei'e is a Iiialei'idl
misstaten?eiit of this other infoimation, we air iequiTed to I'epoj't that fact. We have nothing to IEPQI't in this regard.
Mattet's oil ii'liicli ive are rcquit'ed to repoi't by ¢xcepltoii
Ive have Jiutliing to report in respect of the following Inatters where the Chai'ities (Accoiiiils and Repoi'lsl R¢gulations
2008 requiies us to repoit to YOLI if, in oiii. opiiiion..
the iDfoi'mation givell in the Repoit of the Trustees is inconsistent in any Inatei'ial IEspect with the financial
5tateiiients; or
sufficient accoiinting itc01￿S have not been kept.. or
the financial %tatemeiits ale not iii aoi'eeinent ivith tlie accoiintints recoi'ds and ietiiiiis,. or
we have not received all tlie ii)foillnalioii an(1 explanations ive reqiiiir ful- oiii. aiidit.
Page 6

IlkPORT ()r'i'iiE INDF.PENDENT AUDITORS'I'O THE TIIUSTEI CIS OF
COfvIPI"ON VEIRNF.Y FUND
Responsibilitie5 uf ti'ustees
As explained Inore fiilly in the Statement of Ti'iistees. Responsibilities, the trustees al'e responsible for the prepaiation of
the Financial statemeiit5 which give a ttue and fair view. and for siich internal conti'ol as the trustees dctei"tnine is
necessary to enable the preparalioii of flliancsal statements that are free fi￿lm matei'ial Inisstatement, whether diie to fraud
oi. eryor.
ID preparing the financial stateinents, the tri￿lee$ are i'espon5ible for assessino the charity's ability 10 CODtii)ue as a going
concern, disclosing, as <ipplicable, ni<iLlers I'elaled to going concern and using the going coiicern bdsis of accounting
unless the trustees either intet]d to liquidate the cliarity oi. to cease opeTations, or have no reali5lic alternative but to do
so.
Oui. responsibilities for the aiidit af the financial 5tatcinellts
Wc h<ive beeli appointed as auclitors Iindci. Section 144 of the Chai'ities Act 2011 and report in accordance ivith the Act
and ￿E1¢Yattt regulation5 inade or having effect thereiinder.
Ow. objectives al'e to obtain reasonable assurance about wheiher the fthancial statements as a whole are fi.ee from
nJaterial Inissiateinent, whether due to fraud oi. error, and to issuc a Report of the Indepeiident Auditors that include5 OUI.
opinion. Reasonable assiii'ance is a high level of assiirance, biit is not & guarantee that an audit conducted in ac¢oi'dance
with I%As {UK) will always detect a material Inisstatement when it exi%ts. Missiatetnent5 can arise fi'om fiaud or eri'or
aiid are considered material if, individi￿llY or in tlie a&(Tregate, tliey could Teasonably be expected to influellce the
economic decisions of users taken i)n the basis of these finaiicial stateinents.
The extent to which oiii proceduTes are capable of detecting in'egularities, iiicluding fitud is detailed below:
En(Illll'y of Jnanatreinent and those chaTged ivith governance ai'ouiid actiial and potential litigation and claims.
Eiiquiry of entity staflin tax and complianco functions to identify aiiy instances of non-coinpliance with law5 and
regulations.
Reviewi1￿ IDinutes of Ineetlligs of those charged with (rovemance.
ReviewiRg f￿anCial stateinent disc105ures and tcstino to support documentation to assess compliance with
applicable laws and regulations.
Auditillfw the iisk of iiianageinent override of conts'ols and evaluating the business rationale of significant
(ransactions outside the nonnal course uf busines5.
i further description of oiir responsibilities for the aiidit of Ihe fjnancial statements is loc8ted on the Fiiiancial Repoi"iin
Coiijicil's iveb51tc at ivww.fi'c.org.uldauditOFsiesponsibilities. I'his description fotms part of our Report of the
Independent Aiiditors.
Use of our repoi't
l-liis i'epoi'l is Inade solely to the charity's ttiistees, as a body, in accoi"dance with Part 4 of the Charities (Accounts and
Reports) Regiilations 2008. Our aiidit work has been undei'iaken so tliat we niiglit state to the chai'ity's thiistees those
matters we are IEquired to state tu Iliein iii ali ic U(litoi's' report and for TIO Othei. purpuse. To the fullesl extcnt p¢rmittcd by
laiy, we do not accept oi. assiime responsibility to aiiyone otlier than the charity and the cliai'ity's ti'ustees a5 a body, foi.
our aiidit work, for this report, oi" foi. the opinions we have fom)cd.
Ki
Wallkvoi'k Nelson & Johnson
Cliartej'ed Accountants & Stahitory Aiiditors
Cl￿ndler House
7 Fei"ry Road o￿lCe Pai'k
RiveiENYay
PRESTON
Lancashue
PR2 2YH
5 Aiitsust 2024
Page 7

COMPTON VERNE1 Y FUND
STATEMENT OF FINANCIAL ACTlVI'rics
FOR'I'HE YF.AR ENDF,D 31 DF,C£I MBER2023
2023
'rotal
fiind5
2022
Total
funds
Unrestricted
nd
Resh"icted
fiind
Endowinent
fund
Notes
INCOME AND
END()WMEI NTS FROM
Investment income
294,086
564,616
858.702
652,582
EXPENDITURE ON
Raising funds
85,571
141,900
227,471
230,268
Cliaritable aetivitie5
Coinpton Vcrney
Govei'nance costs
1,550,000
32,326
1,550,000
32,326
1,400,000
33.145
Total
85,571
1,724,226
1,809,797
1,663,413
Net gains on investments
109,984
228.307
338,291
1,747,692
NET
INCOME4 1(EI XPEI NDITUREI
Othei. reeognised gain51(losses)
Gain%l(losses) on i'evaliiativn of
fixed assets
318,499
(931,303)
(612.804)
736,861
271.027
2,950,640
3.221,667
(5,028,612)
Net movetnent in funds
589,526
2,019,337
2,608,863
(4,291.751)
RECONCILIATION OF
FUNDS
Total liwds brought forwai'd
11,208,653
4,706.969
25,000,000
40,915,622
45,207.373
TOTAI, fiUNDS CARIUED
FORWARD
11.798,179
6,726,306
25,000,000
43.524,485
40.915,622
The notes foTJn part of Iliese fillancial 5tateinents

COMPTON VERNEY FUND
BALANCE SHEET
31 DE4 CEMBER2023
2023
Totsi
fiinds
2022
Totsl
nds
Unrestricted
fiiiid
Resti'icted
fund
Cndow]nent
rund
Notes
FIXED ASSE4TS
Inveslinents
9,312,579
6,481,110
25,000,000
40,793,689
37,535,393
CURIIENT ASSETS
Debtors
Cash at bank and in hand
4,454
365,515
4,454
2,851,115
4,286
3,410,871
2,485,600
2,485.600
369,969
2,855,569
3,415,157
CREDITORS
Aiiiounts falling diie within one
year
10
(124,773)
(124,773)
(34,928)
NET CURRENT ASSEITS
2,485,600
245,196
2,730.796
3,380,229
TOTAL ASSETS LESS
CURRf,NT LIABILITIES
11,798.179
6,726,306
25,000,000
43,524,485
40,915,622
NET ASSETS
11,798,179
6,726,306
25,000,000
43.524,485
40,915,622
FUNDS
Uiyestricted fi￿dS
Re%tricted ￿lldS
Endowment funds
11,798,179
6,726,306
25,000.000
11,208,653
4.706,969
25,000.000
TOTAL FUNDS
43,524,485
40,915,622
The financial statements were appi'oved by the Board of Trustees and authorised for issiie on 5 August 2024 and were
signed oll its belialf by.,
J Vazquez- Ti'ustee
The iiotes ftsi'ni pai't of these fii)aiicial stateinents

COMPTON VERNFY fiUND
C.ASII FLOW STATEMENT
b'OR I'HE YCIAR EiJNDfi D 31 DEiC.fi,MBER 2023
2023
2022
Notes
Casli floiys fi-oin operating activities
Cash generc2ted froin opeL"atioIis
Interest Pc1id
11,720,106)
(1,708,417)
Net ca.sh iised in operating activities
{1,720,120)
{1,708,435)
Cgsli floivs from inve51iiig Aetivilies
Piii"chase of fixed asset investments
Sale of fixed asset investillents
Dividends received
(1,934,248)
2,235,910
858.702
(3,906,713)
5,004,175
652,582
Net cash provided by investing activities
1,160,364
1,750.044
Change in cash and casli eqiiivalenls in
tlie repoi'tiiig perio
Cash aiid casli equtvglenls at the
begint]iiig of Éhe t'epoi'ting pcriod
(559,756)
41,609
3,410,871
3,369,262
Casli and cash equivalents at the end of
the reporting period
2,851,115
3,410,871
The notes forni Pc11'1 of tl)ese liRaiicial siateinents
10

COMPTON VEIINLY FIUND
NOTES TO THE CASFI fi LOW %I'A'I'Et Mf4 NT
FOR THE YEAR EIYDED 31 DECEMBCI 112023
RECONCILIATION or NCT (EIXPENDITURE)IINCOME TO NF.T CASH FLOW FROM
OPERATING ACTIVITIES
2023
2022
Net (exptrtditurc)linco]ne for the r¢porting pei'iod (as per the
StRt¢ment of fiiiaiicial Aclivitses)
Adjustmejits foi.:
Gain on investinent5
tnteiyst paid
Dividends rtceived
Increase in debtors
InCre￿¢/(deCi.case} in creditois
(612,804)
736,861
(338,291) (1,747,692}
14
18
(858,702)
{652,582)
(168)
181)
89,845
(44,941)
Net cash used in operntions
(1,720,100) (1.708,417)
ANALYSIS OF CHANGIIS IN NET fiUNDS
At l.1.2)
Cash flow
At31.12.23
Net casli
Cash at batd( and in liand
3,410.871
{559.756)
2,851.115
3,410,871
(559,7561
2.851.115
Total
3,410,871
{559,756)
2,851,115
Tl)e notes foi'in pait of these financial stateinents
Pa(Te I I

COMPTON VERNEI Y fillND
NOI'L4.8 TO THf. Fi INANCIAI, S'fA'I'E￿l1I N'l S
FOR TEIE YC4 AR LI NDCÉ D 31 DE4cfi MBEEI 2023
ACCOIINTING POLICIES
BasEs of pi'tpariiig thc fiiiaiicial statemcnts
The fiiiaiiciBI slateihenls of the charity, wliicli is a piiblic beiitfil eiitity uiidei. FRS 102, have been prepared i
a¢cordancc with the Charities SORP (FRS 102) 'A¢counling and Repoi'tiiig by Charities.. Siateinent of
Recoininended P12clice applicablc to chai'ities preparing Iheii- accounts in accoi-dance with the finatieial
Repoi'ling Standard applicable in the UK and Republic of Ireland (FRS 102) (effeciive l Janiiary 2019),,
Financial Reportiiio Staiidai'd 102 'Tlie financial Repurtiiig Standard applicable in the UIC and Repiiblic of
ITeland' atTrd the ChaTlties Act 2011. The financial statements have been prepared under the histOTical cost
convention, with tlie exception of uivestinents which are included at market value, as modified by the revaluation
of cei'lc1in assets.
Income
All income is iEcognised in the Statement of Financial Activities once the charity has entitleinent to the funds, it
is probable that the itlcoine will be received and the amoiint Can be ineasui'ed reliably.
E¢ xpenditui'e
Liabilities al'e reLoÉFnised as cxpenditUTe as soon as thei'e is a legal oi. coiistructive obligation committing the
cliai-ity to thai expenditiii'e, it is pi-obable tliat a tiansfei- of ecoiiomic benefits will be required in settleinent and
tlie ainounl of the obligation can bc measuTed reliably. Expenditure 15 accoiintcd for on an acci'uals basis atid has
been classified linder lieadings Ihat a_4gregate all cost i"elated to the category. Wher¢ costs canjiot be directly
ttributed to pai'ticiilar headiiio> they have been iillocated to act￿ville5 on a basis consisttnl with the use of
resource%.
Governance e05ts
Govci'nance costs iepi"eseiit tliose costs of the straletsic manageinent of the charity and of ¢omplyinty ivith
coiistittitional and Slatulory requii'ements.
Taxation
Tlie charity is exeinpt fi'om on its chai'itable activities.
Fund 2ccounting
Uiiirstrictcd fiinds can be used sn accordance witli the charitable objectives At the discretion of the tl-LlStees.
Re.stricted fiinds can only be iised for pai'ticulai. I'esti'icted piii'poses witliin the objects of the cliai'ity. Restrictions
arise when specified by tlie donoT oi. when funds ale 17ised for pailiciilar restricted puJ'pos¢S.
Fiiither explanalion of the iiatui'e and purpose of ea¢h fund is included in tlie notes to the finaii¢ial staleTneiits.
F(JJ'eixn LiiJ'f¥iiLi15
Assets and lidbilities in foTeign ciii'rencies are translated into sterling at the rates of exchange ruling at the
balaiice slieet dale. Transactions in foieign ciiit'encies are ti'anslated into slei'ling at the rate of exchange I'iiling at
the d<lte of tmnsaction. Exchange differences are taken into accouiit in ai"J'iving at the opeiatino i'esult.
Rccogniscd g4?iiis1 (Iosscs) 011 itiYestt]ieJit asset5
Investinents liave been st&ted at inarket value accoi'dance with rhe SORP. Net iiiyestment gaiiis ai)d losses are
disclosed in note 8.
Page 12
coii(iniied...

COMPTON VLRNEIY FIJND
NOTII STO TFIE filNANCIAL STATEMEI NTS- continucd
FOR THE YEAR ENDEID 31 DLICEI MBfi.R 2023
INVESTMENT INCOME
2023
2022
Dividends
858,702
652,582
RAISING PIUNDS
Investtnent management Costs
2023
2022
Portfolio inanageinent
227,471
230,268
CHARIT ABLE AvfIviTIES COSTS
Support
costs (see
note 5)
Direct
Costs
Totals
Coinpton Verney
Governance costs
1,550,000
1,550,000
32,326
32,326
1,550,000
32,326
1,582,326
SUPPORT COSTS
Governance
costs
Goveillance costs
32,326
Govei'naiice costs
31112123
31112r22
Tiustees expenses
Legal fees
Aiiditors remuneration
Ti'iistee indeinnity insurance
Ac¢oiintancy
Bank chw'ges
144
2,340
3,600
3,668
22,560
14
3,300
3,600
3,667
22.560
18
32,326
33.145
Page 13
continued...

COIMPTON VERNEY FUND
NOTES TO THE fiNANCIAI. SI'A'I'F.MENTS- cojitijiucd
FOR THE YEAR Ei INDfi D 31 DLC'EtVlBER 2023
TRUS'fE£4S' REMUNCIRATION AND BENl4f4lTS
1.heie were no trustees. remunei'ation or other benefits foi. the yeai. ended 31 December 2023 nor foT the yeai.
ended 31 Deceillbei. 2022.
Tru5tees' ¢.Ypeiises
2023
2022
Trustees expeDses
144
COMPARATIVES FOR THE STATF.MEI NT or filNANCIAL ACTIVITIES
Uni'estricted
Resti'icted
nd
fund
Endowment
fund
Total
fut]ds
INCOfvIE AND ENDOWIWIENTS FROM
Investinent iiicome
295,097
357,485
652,582
EXPENDITURE ON
Raising funds
88,064
142,204
230,268
Charitable acttvities
Campton Verney
Goyernaiice costs
1,400,000
33.145
1,400,000
33,145
Total
88,064
1,575.349
1.663,413
Net gains on investments
172,635
1,575,057
1.747,692
NF.T INCC)ME
Othet. r'ecogijised gaiiisl(losses)
Gainsl(lossesl 011 Tevaliiation of fixed assets
379,668
357,193
736.861
(1,079,866) (3,948,746)
{5,028,612)
Net fflovement in funds
{700.1981 (3,591,55J)
(4,291,751)
R£4CONCILIATION OF F(JNDS
Total funds broiioht forwai'd
11.908,851
8,298,522
25,000.000
45,207,373
TOTAL FUNDS CARRIED FORWARD
1,208,653
4,706,969
25,000,000
40,915,622
Page 14
continiied...

COMwfoNI VF.RNE4 Y fuND
NOTfi.STC) THr. rilNANCIAL STATEMENTS- Continued
FOK TFIE YE4 AR f4 NDEID 31 J)ECEMBE4 R 2023
FIXED ASSEIT INVEI STMENTS
Listed
investsnents
IVIARKfiT VALUE
At l January 2023
Addit10115
Disposals
Revaluations
37,535,393
1,934,248
(1,897,619)
3.221,667
At 31 December 2023
40.793,689
NET IIOOICVALU
At 31 De¢einber 2023
40,793,689
At 31 Deceinber 2022
37,535,393
Thc global analysis of the investment assets ss as follows:_
Listed
inve5hnents
Unlisted
investments
Totals
Within the Ulc
Outside th¢ UK
10,656,209
30,137,480
10,656,209
30,137,480
40,793,689
40,793.689
Cost or valuation ic t 31 December 2023 is represellttd by..
Listed
investtnenis
Valiiation in 2020
Valuation iii 2021
Valiiatioii in 2022
Valiiaiion iii 2023
Cost
5,565,756
4,125,037
{5,028,611)
3,221,667
32,909,840
40,793,689
Paue 15

COMPTON VCI RNEY F4UND
N()i'f4 S 'l'O THE fiNANCIAL STA Tf4,MLI N'fs- cotjtiiiued
FOR'I'HE YEAR ENDF.D 31 DficftMIIF.R 2023
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YC4AR
2023
2022
Other debtors
4,454
4,286
io.
CREDITORS.. AtVlOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other creditoiB
124,773
34,928
MOVEI iVIENT IN FUNDS
Net
Jnovement
in funds
At
31.12.23
At 1.1.23
Unresti'ieted fulld5
Genei'i£ I fund
11,208.653
589,526
11,798,179
Resti'icted fiinds
Unapplied total Jetutn fund
4,706,969
2.019,337
6,726,306
Ei ndoivmenl funds
EiidowiThellt
25,000,000
25,000.000
TOTAL FUNDS
40,915,622
2,608,863
43,524,485
Net movement in funds. included in the above 8re as follows..
Kesoiirce5
expended
CJains and
losses
Moveinenl
in funds
IE50llI'¢es
Uiji'estricted funds
General fund
294.086
(85,571)
381.011
589.526
Rcsti-icted funds
Unapplied total retiii'n fund
564,616
{1,724,226)
3.178,947
2,019,337
TOTAL FUNDS
858,702
11,809.797)
3,559,958
2,608,863
Page 16
coiitiiiued...

COMPTON VERNEY fiUND
NOTl4S TO THC FINANCIAL STATEMENTS- continiied
FOR T14f. YEIAR ENI)F.D 31 DECIIMBER 2023
ii.
OVEI MENT IN f*UNDS- continued
Coinparatives for tnovemeNt in funds
Net
Inoveinent
in funds
At
31.12.22
At 1.1.22
Unrestrieted furyds
General ftind
11,908,851
(700,198)
11,208,653
Re5ti'i¢ted funds
UDapplied total iEturn fuiid
8,298,522
(3,591,553)
4,706,969
Endowmeiit fuDds
Endowment
25.000,000
25,000,000
TOTAL FUM)S
45,207,373
(4.291,751)
40,915,622
Compai'ative net movement in funds, included in the above are as follows..
Incoining
i'esources
Resoiii'ce5
expended
Gaiiis and
losses
Movement
in funds
Unresti'icted fund5
General fund
295,097
(88,064)
(907,23 1)
(700,198)
Restricted funds
Unapplied total i'eturn fimd
357,485
(1.575,349) {2,373,689) (3,591,553)
TOTAL fiUNDS
652,582
(1,663,413) (3 ?80,920) (4,291.751)
A cwi'ent year 12 months prioi. year 12 months coinbined position is as follow5..
Net
ovement
fiinds
At
31.12.23
Ai 1.1.22
Uni'estricted funds
Genej'al fund
11,908,851
(110,672)
11,798,179
Re5ti'icttd fuiid5
Unapplied total relurn fund
8,298.522
(1,572,216)
6,726,306
Endoivfftetlt funds
Endowinent
25,000,000
25,000,000
TOTAL FUNDS
45.207,J73
(1,682,888}
43,524,485
Page 17
continue(l...

COMPTON VERNEY fiUND
NOTES TO T14L FINANLIAL STATEVI IEN'I'S- coiitiiiueil
FOR THE YEAR ENDE4 D 31 DIICEMBEI R 2023
MOVEMIINT IN FUNDS- coiitinued
A cui'ient year 12 Inonths and prior yeai. 12 tnonths cornbined net movement in funds, included in the aix)ve are
as follows..
Incoinin(r
resoiirces
Resoiirces
expended
Gaiiis and
losses
Movement
in fvnds
Unrestritted fiinds
Genth'al fund
589,183
(173,635)
(526,220)
(110.672)
Restricted funds
Unapplied total retlli'ii fund
922,101
(3,299,575)
805,258
{1,572,216)
TOTAL FUNDS
1.511,284
(3,473,210)
279,038
11,682.8881
General fiind
The Pcter Moores Chai'itable TTUSt IPMCTI gifted to Coinpton Vei'ney Fund (CVF) the balance of its fvnds of
£11,260.843 on being wound up on 16 March 2017.
Unapplied total i-etui-ii fund
Incoine generated from Ihe endowinent are held ui this fuod.
Eijdtsivmeiit fund
On 6 Api'il 2010 CVF reteivcd a donation of £25 million fi'om the Peter fvIooiES Foundation IPMF). This
donation is held in an endowment fund, aiid the income generated froin this fund will be iised to siipport the
charitable pui'p05es of Coinpton Vei'ney House Charity {CVHCI.
RELATF.D PARTY DISCLOSURES
12.
CVF siiPPOlts the related chai'itable compan). CVHC. This entity ivas initially foiinded by Sii. Peter Moores
(deceased) CBE DL ivlio ¥vas tile settlni. of cvr, Pmc'f and PMF.
The Triistees of CVF inade a grant of £1,550,000 12022.. £1,400,000) to CVHC. Philip Bunt {ts"ustee) is a
director and trustee of CVHC.
The TTUStee% of CVF paid professional fees to IVitheTS LLP of £2,340 (2022.. £3,300). Matthew Woods (ti'ustee)
is a partnei. of Withers LLP.
Page 18