Registered Charity No. 1138978 The Preston Family Charitable Settlement Accounts and Financial Ststements for the year ended 5 April 2025 The Preston Famlly Charltable Settlement Contents ge Inform*"on Report of the TTU5tees Independent Examinerfs Report Statement of Financial Acb'vities Balance Sheet Notss to the A¢￿Unts The Pregton Famlly Charltsble Settlement Trust Infomiation Charity Number 1138978 Trustsas Anthony Chartes Preston Margaret Elizabeth Preston Marbn Charfes Preston Ethaid John Preston Jènnifer Elizabeth Hopkinson Registered office clo Shepherd Private Clients Limited First Floor. Oakwaler House 4 Oakwater Avenue Cheadle Royal Business Park Cheadle SK8 3SR Bank&rn Coutts & Co 440 Strand London WC2R OQS A¢eountsnts Shepherd Private Clients Limited First Floor. Oakwater House 4 Oakwater Avenue Cheadle Royal Business Park Cheadle SK8 3SR Solicbtorn Addle5haw Goddard LLP On& Sl Peter'8 Square Manchester M2 3DE The Preston Family Charitable Settlement Trustees. Report for 2025 The Tru51ees present their annual report and the financial slatement5 of the Charitsble Settlement for the year ended 5 April 2025. The Trustees cA)nfirm that Ihe annual report and finanual statements of The Preston Famity Charitsble Setuement comply wrth the current statuiory requirements, the requirements of the Trusfs goveming document and the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland published IFRS 1021 (effective 1 January 20191 as amendeil by Update Bullebn 1 leffe¢b"ve 1 January 20191. ObJ•ctlv•s and actlvltlès The charity's objects are to support charitable cause5 by the making of grants. Requests for grants and donations are reveiwed by the trustees on an individual basis. The trustees consider the merits of each request and invest mainly in local charities. wth particular emphasis on young people. healih and social care. Each year the trustees review the objectives and actiwbes of the charty to ensure they continue to reflect the charity's aims and to provide a public benefit. The trustees are more than satisfied that they do. The trustees have paid due regard to guidance isSL￿d by the Charity Commission in deciding what activities the tharity Should undertake. A¢hl•vomonts and ￿rfOrMance The Charty made £352,370 of grants and donations to charitable causes during the year in line th its charitable objectives. Flnanclal Revbew The re$ults lor the year ended S April 2025 are set out in the Slalemenl of Finanoal A￿1V(Cle9 on page S. The trustees confimi that the charitys assets are available and adequate to fulfil its obligations as they fall due. Reserrfes policy It 1$ thè policy of the charity to maximise unrestrided lunds. are free reserves of thè ¢harity, to ensure that suffiaent funds are available to cover grants and donations payable, and management and administration costs for the forseeable future. Free reserves at the year end were £251,13612024'. £237,336) Rlsk policy The trustees have examined the operational and bUs1r￿SS risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Future plans The trustees are aware that the need for aid seems never ending and they plan to continue doing what they can to assist. However, they realise that they must use the resources they have wisely. They therefore intend to conlinue their approach of fvnding a mix of local charrtable institutions. The Preston Family Charitable Settlement Trustees. Report for 2025 Structure. governance and management The ¢hanty was e$tsblishe(I by a ¢haritsbie ttust deed. dated 12 March 2008 on the setuement of property by Mr AC Preston. The Trustees who served during the year aThJ up to the date of this report are shown on page 1. No trustees have any interest in the charity Recmitment and appointmenl ol Trustees The first Iruslees wll serve unbl they resign. Subsequent tnJstee$ a￿ appointed by the board and arÈ appointèd for 3 term of three years. When new Iruslees are appointed. they are given an INtr￿1Veb.0n lo the work of thtr trust and are provided wth the informats'on th￿ need lo fvlfil their foles, including infomiabon about the role of a trustee and aboLrt chanty law. Organisation structure The Preston Family Charitable Setllemenl is govemed by 8 8oard of Trustees. which meets at such lim&s as ¢ir¢umstsn¢e$ ￿qUIre and covers all matters ￿l¥￿"n9 lo poli¢y and mana9emenl. Thorè aro ¢urrenlly five trustees and all grants Payab￿ are approved by them. Fundral8ing actlvltles and incomo gongratlon Th8 trust receivèd £350,000 12024 £nill of donations in the year and madg £335,000 12024 £30,000) grants to organisations during the current year. Funds held a$ ¢u$todian There are no funds held as custodian Trustee on behall of others. Statomont of Tru8t888' Re8ponsibilitl•8 The Trustees are responsible for preparing the ￿pOrt of the Trustees and the finandal statements in ac¢ordan¢e wrth applicable law and Uniled Kingd¢)m Accounlin9 Standard$ (United Kingdom Generally Accepted Accounting Pracb'cel. Law applicable to charitses in England and Wales requires the Trustee5 to prepare financjal stslements lor each finanrJal year that give 3 true and fair view of the stsle of affair$ of the ¢harilable trust and of Ihe in¢oming resources and appli¢ab"on of ￿soUrCeS, including the inctsme and expènditure, of thè ¢haritable trusl for the y&ar. In preparin9 these finanoal $tatem&nts the Trustees are required to.. lal Ibl select suitable accounting polioes and then appty them consistently., observe the methods and princAples of the Charths Statement of Recommended Practice., Icl make judgmerts and estimates that are reasonable and prudent,. and Idl prepare the finanrjal ststemenls on the going concern basis unless it 15 inappropriate to presume that the charity wll ￿nts"nue in operatson. The Trustees are responsible for keewng adequale accounts'ng records that are suffiaent to show and explain the tharitable Trusf3 transacb.ons and disdose with reasonable accuracy al any lime the financial posrtion of the tharitable TtU5t and enable them to ensure that the finanryal statements comply the Trustee Act 2000. Thèy arè also responsible for safeguarding the assets of the charitable Trust and hence for taking reasonable steps for the prevents'on and detecknon of fraud and other irregularibes. The Preston Family Charitable Settlemènt Trustees, Report for 2025 Signed on behalf of the Trustees Anthony Charles Prèston Tiusi80 Margaret Elizabeth Pieston Trustee Ma￿n Charles Preston Tiusiee Edward John Preston Twstee Jennifer Elizabeth Hopkinson Trust8e Date The Preston Famity Charitable Settlernent Independenl Examiner's Report to Ihe Irustees of The Preston Family Charitable Settlement Independent exami￿￿$ r•port to thè truste•s of The Preston Family Charitable Settlement report lo the charity trustees on my examinab.on of the accounts of The Preston Family Charitable Settlement Ilhe Trust) for the year ended 5 April 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible f¢y the preparab.on of the accounts in accordance vmth the requirements ofthe Charities Act 2011 Ilhe Acfl. I report in respect of my examination of the Trusf5 accounts carried out under Section 145 of the Act and in ¢8rrying out my examination I have follov*d all applicable Dire¢b"ons given by the Charty Commission under Section 145lSllbl of the Act. Independont examinerfs statement Since your charity's gross income exceeded £250,000 your examinef must be a member of a listed body. I can confirm that l am qualified to undertake the examinabon because l am a member of the Institute of Chartered Accountsnls in England and Wales. which is one of the listed bodies. I have Completed my examinabon. l ¢onfim that no material matters have com& lo my attention in connection wf(h the examinats'on giving me cause to believe that in any material respect.. acounling records were not kept In respect of the Tru$t as reqUI￿d by Secbon 130 of the Act.. or 2. the accoun15 do not accord with those records.. or the accounts do not comply wth the applicable requirements concerning the fomi and content of accounts set out in the Charits'es (Accounts and Reports) Regulal'ons 2008 other than any requirement that the accounts give a true and fair view vthich is Ml a matter conS￿ered as part of an indèpendent examination. I have no concerns and have come acro88 no other matter8 in conneclion the examination to whi attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Graham Travis FCA Clarke Nicklin LLP Chartered Accountants Clarke Nicklin House Brooks Drive Cheadle Royal Business Park Cheadle Cheshire SK8 3TD Dale The Preston Family Charitsble Settlement Statement of Financial Activities for the year ended S April 2025 unrestn.cted funds 2025 Note Totsl 2025 Total 2024 Incomo Donations 352,370 352,370 Total income 352.370 352.370 Expenditure Charitable expendf(ure Grants paid 335,000 335,000 30.000 Governance expen$e$ Professional fees 3,570 3,570 240 Charitable expendrture Total expenditure 338,570 336,570 30,240 Nel incomellexpenditurel and nel movement in funds before gains and losses on investments 13,800 13,800 130,2401 Net gainslllossesl on inveslments N•t mo¥•m•nt in lunds 13,800 13,800 130,2401 Totsl funds brought forward 237,336 237,336 267,578 Total funds carried forward 251.136 251.136 237,336 The Preston Famity Charitable Setuemont Balance Sheet as at 5 April 2025 Notes 202S 2024 Current assets Cash al bank 253,536 238,536 Curr•nt1Sabllltl•s Creditors.. amounts falling due within one year 12.41)01 11.2(M)I current assèt$ 251.136 237.336 Net a¥9ets 251.136 237,336 The Funds of the Charlty Unrestricted funds 251.136 237,336 Totsl lund$ 251.136 237,336 The charitable Trust's financial staternents have been prepared in aCC￿rdancE wrth the provisions 3pplicaWe to charitsble Trusts. The Trustees acknovAedge iheir responsibilrties lor C￿lthng with the requirements of the Trustee A¢t 2000 with respe¢g to accounting rettfds and the prep8rats.on of fin*)aal statements. The financial statements We￿ approved and authorised for issue by the Trustees and signed on their behall by.. Anthony Charles Preston Tru8¢ee Margaret Elizabeth Preston Trustee Martin Chades Preston Trustee Edward John Preston Trustee Jennifer Elyzabeth Hopkinson Trustee D*e The Preston Family Charitable Settlement Notes to the A¢¢ounts for the year ended 5 April 2025 Accounting poli¢ie$ Company infomialion The Pieston Family Cha￿tab￿ Se1118rn8nt was establishwj by a charitabl8 trust d88d dated 12 March 2008. The prinapal pla￿ ol busir*ss is cjo Shepherd Private Clients Limited. Highfield House. chead￿ Royal Business Park, Cheadle, SK8 3GY. Accounting Convention The accounts have been prepared in accordan￿ the chaws goveming doujment. the Charit*s Act 2011 and Acwunting and Reporting by char￿e$ Ststement of Rewmmended Practice applirable to Char￿￿3 preparing their accounts in accordance wth the Financial Reporting Standard applicabk In the UK and Republic oflreland IFRS 1021 (effective l January 20191" charity is a Public Berefit Enbty as defined by FRS 102. Th* charty has taken advantagè ol provisic¥)$ in SORP for Chari￿$ applying FRS 102 U￿ate Bullètin 1 not to prepare a Statement of Cash Flows. The accounts have departed from the Chariti'es IAcc3)unts and Reports) Regulations 2008 onty to the extent required to provida 8 true and fair vièw. This departurè has involv8d folkwrfing the Staternent of Rèeommended Piacticè for ch8riti*s applying FRS 102 rather than the version of the Statemeni of Recmim8nd8d Pracbce which is referred to in the Rggulations but which has since been withdravm. Tha ac¢¢unts arè prepar¢d in si•rling. whi¢h 1$ tho fvn¢bonal ¢urr¢n¢y of lh¥ t*8nty. Mon&t•ry amounts in th¥$tr fin8n¢i81 statements are rouncjed to the nearest £. Th& aceounls h8v* basn praparad on tha historical cost convention, modth&a to indudè eartain finanoal instrumants at lair value. The prinripal accounting policies adopted are set out below. The Iru$l ¢on$ts'tutsS o publi¢ terefil enty 8$ dtrfined by FRS 102. 1.2 Golng eone•m Al the time ol approving the accounts. the trusiees have a reasonabl8 extectation that Ihe charty has adequate resources 1¢ continue In operational ex15t?n¢¢ for the lorse¥ots* fvtur¢. Thu$ th? tru$te¢$ ty)nty'nutr to adopt Ihe going ¢on¢orn b)$i$ ol accountsng in preparing accounts. 1.3 Charftable funds un￿striCted funds are $vailat)b ftsr us¢ al the distretion ol th? In¢tees in furtheMnce of their tharitable objectives unless the funds have been designated for other purposes. 1.4 Incomlng ruOU￿¢S All Income Is recognised in the statement of finanual ath.vths Ihe condibons for receipt hava teen met and there is a reasonable assurance of re￿ipt. The following accounting poliries are appl￿d to income.. Donatlons Donations ar8 8ecountad for vthen r8L*wable, induding Gfft ￿"d tax recovary wherè applicat￿8. Investment income Investment income is accKJunted for when rece¥ab￿. Tax recoverable ￿lats.￿j to Investr￿nt income is accounted for in the sam8 peri