Charity number.. 1140888 THE PEMBERTON FAMILY CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 THE PEMBERTON FAMILY CHARITABLE TRUST CONTENTS Page Reference and Adminlstrative Details of the Charityj Its Trustees and Advisers Trustees, Report Independent Examinels Report statement of Financial Activities Balance Sheet Notes to the Financial Statemènts 8-13 THE PEMBERTON FAMILY CHARITABLE TRUST REFERENCE AND ADMINISTFL4TIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees A F Pemberton MA DL R F A Pemberton C J Pemberton J W Pemberton Charlty registered number 1140888 Principal office Trumpinglon Hall Granlchesler Road Trumpinglon Cambridge CB2 9LH Accountants Evelyn Partners LLP Slonecross Trumpington High Street Trumpinglon Cambridge CB2 9SU Independent examiners Julie Mutton CLA Evelyn Partners Limited Slone¢ross Trumpinglon High Street Cambridge CB2 gsu Investment Manayar Schroder & Co Limited 1 London Wall Place London EC2Y SAU Page 1 THE PEMBERTON FAMILY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report together with the financial Slalemenls of the charity for the year 6 April 2Q23 to 5 April 2024. Objectives and activities Policies and objectives The Objects are such purposes which are exclusively charitable according lo the laws of England and Wales as the Trustees may al their dis¢relion think fil. The Trustees musl use the income and may use the capi181 of the Charity in promoting the Objects bul no part of the income or capitsl of the Charity may be used for the benefit of any of the Settlors or any spouse or civil partner of any of the Selllors. In selling objectives and planning for aclivilies, the Trustees have given due consideration to general guidan published by the Charity Commission relating lo public benefit. b. Maln activities undertaken to further the charlty's purposes for the public benefit The Charity made a donation of £140,482 12023.. £865,057) during the period. The donation was lo Addenbrookes Charitable Trust, towards a new children's hospital based al Addenbrooke's Hospital in Cambridge. Achievements and perfomiance a. Review of activities During the year the charity received interest of £3,235 12023 £1.7581. The charity no longer holds any fixed asset Inveslmenls, therefore Costs of managing the investment portfolio were £Nil12023 £7961. Support and Governance costs were £1.80012023 - £9241. Donations recieved were £108,00012023- £28,326). gift aid receivable was £27,000 12023.. £7,0821 and donations made were £140,482 {2023 - £865,057). This resulted in the Trust free reserves al the year-end of £2,11812023 £6,165>. b. Investment policy and performance The Trustees are mindful that a prudent and conservative investment policy is the most appropriate for the Charity. Accordingly. the investment of reserves is made through interest bearing deposits with major banks. Page 2 THE PEMBERTON FAMILY CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 Financial revlew a. Going concern After making approporiale enquiries, the Trustees have a reasonable expectation that the charity has adequate resources lo Continue and that donations from the trustees and their family will ¢onlinue, meaning the Charity will remain in operational existence for the foreseeable future. For this reason, the Iruslees continue to adopt the going con¢ern basis in preparing the financial slalements. b. Reseryes Dolicv No minimum level of reserves has been sel as all income of the Charity is to be dislTibuled in accordance with the charity's objectives, nel of any governance costs, as and when such suitable projects arise. Structure* governance and management a. Constitution The Pemberton Family Charitable Trust is a registered unincorporaled charity, number 1140888, and is consliluled under a Trust deed dated 11 February 2011. b. Methods of appointment or electlon of Trustees Future trustees musl be appointed by resolution of the Trustees passed al a Iruslees, meeting. Every future Trustee musl sign a declaration of willingness lo act as a Trustee of the Charity before he or she may act as a Trustee. Training is given as necessary on appoinlmenl. Organisational structure and declslon-maklng policies A¢cording lo the governing document there shall be between three and seven Trustees, or a sole corporate Iruslee. The trustees musl hold al least two meetings each year. A quorum al a meeting of the Trustees is two Trustees {or. in the case of a sole corporate Iruslee, one) and every issue may be determined by a simple majority of the voles cast al a meeting of the Trustees. A written resolution which is signed by all the Trustees is as valid as a resolution passed at a meeting. The Trustae lo whom day to day management of the Charity is delegalod is A F Pemberton. Plans for future periods The Charity's aims for the future are lo collect more donations and lo decide on the designation of the funds. The Iruslees will favour applications from projects which advance health or save lives, advance education or promote amateur sport., in which case applications will be considered on their merits. Page 3 THE PEMBERTON FAMILY CHARITABLE TRUST TRUSTEES, REPORT ICONTINUED FOR THE YEAR ENDED 5 APRIL 2024 Statement of Trustees. responsibilitles The Trustees are responsible for preparing the Trustees, Report and the financial slalements in 8ccordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epled Accounting Practi￿1. The law applicable lo charities in England & Wales requires the Trustees lo pr¢pare financial slalemenls for each financial which give a true and fair view of the slate of affairs of the charity and of ils incoming resources and application of resources. including ils income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consistently", observe the rnelhods and principles of the Charities SORP IFRS 1021.. make judgments and accounting eslirnales that are reasonable and prudent., slate whether applicable UK A¢¢oullling Standards {FRS 1021 have been followed. subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the charity will Continue in busines8. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accur2cy al any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charity IAc¢ounls and Reports) Regulations 2008 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 dele¢lion of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. 14,, A F Pemberton MA Tiuslee Dale.. Page 4 ## Julie Mutton Julie Mutton (Jan 7, 2025 16:10 GMT) 07/01/2025 THE PEMBERTON FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted fullds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments 135,000 3,235 135,000 3,235 35,408 1, 758 Total Income 138,235 138.235 37, 166 Expenditure on: Raising funds Charitable activities 796 142,282 142,282 865,981 Total expenditure 142,282 142,282 866, 777 Net movement in funds {4.0471 {4,0471 {829,611) Reconciliation of funds: Total funds brought fonNard Nel movement in funds 6,165 14,0471 6,165 {4,0471 835, 776 (829, 611) Total funds carrled forward 2,118 2,118 6.165 The Statement of Financial Activities includes all gains and losses re¢ogniseLI in the year. The notes on pages 8 10 13 form part of these financial slalemonls. Page 6 THE PEMBERTON FAMILY CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Fixad assets Investments 10 98 98 Current assets Debtors Cash al bank and in hand 11 7.082 65 3,198 3.198 7. 147 Creditors.. amounts falling due within one year 12 11.0801 (1,080) Net current assets 2.118 6,067 Total net assets 2,118 6, 165 Charity funds Reslricled funds Unrestricted funds 13 13 2,118 6, 165 Total funds 2,118 6,165 The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. A F Pemberto DL Dale.. The notes on pages 8 10 13 form part of these financial statements. Page 7 THE PEMBERTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 General information The Pemberton Family Charitable Trust is an unincorporated charity registered in the UK. number 1140888, wrth registered Offi￿ located al Trumpinglon Hall.Granlchesler Road Trumpinglon, Cambridge, C82 9LH. Accountlng policies 2.1 Basis of preparatlon of financial statements The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statemenl of Recornmended Practice applicable lo charities preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Pemberton Family Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going concern The Trustees are confident that the charity has adequate reserves and resources lo continLJe operations for the foreseeable future and is well palced lo manage ils business risks suc¢essfully. For this reason, they continue lo adopt the going concern basis in preparing the financial stalemenls. 2,3 Income All income is recognised once the charity has entillemenl lo the income. il is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Page 8 THE PEMBERTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting pollcies Icontlnuedl 2.4 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer ewnomic benefit lo a third party. il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation Can be measured reliably. Expenditure on raising funds includes all expenditure incurred by the charity lo raise funLls for its charitable purposes and includes costs of all fundraising a¢livilies events and non-charilable trading. Expenditure on charitable activities is incurred on directly undertaking the adivilies which further the charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the Conditions allaching are fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted as a commitment. bul not accTued as expendrture. All expenditure is inclusive of ir￿Coverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this Is normally upon nolificalion of the interest paid or payable by the institution ¥Mlh whom the funds are deposited. 2.6 Investments Cash on deposit which the charity expects lo relain for investment purposes for al least 12 months from the balance sheet date is classified as fixed asset investments. Investments held as fixed assets are shown at cost less Provision for impairment. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation al the B81ance Sheet dale as a result of a past event, it is probable Ih8t a transfer of economi¢ benefit will be required in selllement. and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the charity anticipates f( will pay lo settle the debt or the amount il has received as advanced payments for the goods or setvices il musl provide. 2.8 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify 8s basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their selllemenl value with the exception of bank loans which are subsequently measured al amortised cost using the effaclive interest method. Page 9 THE PEMBERTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies Icontinuedl 2.9 Fund accounting General funds are unreslricled fijnds whi¢h aTe available for use al the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Income from donatlons and legacies Unrestricted tunds 2024 Totsl funds 2024 Total funds 2023 Donations Gift aid receivable 108,000 27,000 108,000 27,000 28,326 7.082 135.000 135,000 35,408 Investment incomè Unrestricted funds 2024 Total funds 2024 Tot81 funds 2023 Investment income 3.235 3,235 1, 758 Investment management costs Unrestricted funds 2024 Total funds 2024 Total funds 2023 Investment management fees 796 Page 10 THE PEMBERTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Analysis of grants Grants to Institutions 2024 Total funds 2024 Total funds 2023 Inslilulional grants 140.482 140.482 865,057 Analysls of expenditure by activities Grant funding of activities 2024 Support costs 2024 Total funds 2024 Tot81 funds 2023 Grant making activities 140,482 1,800 142,282 865,981 Analysis of support Costs Grant making actSvities 2024 Total funds 2024 Tolal funds 2023 Accountancy Fees 1.800 1.800 924 Accountsncy fees were incurred in the Governance of the eharily. Independent examiner's remuneration 2024 2023 Fees payable lo the ¢harills independent examiner for the independent examination of the cha¥iWs annual accounts 1,800 924 Page11 THE PEMBERTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Trustees. remuneration and expenses During the year ended 5 April 2024. no Trustees received any remuneration or other benefits (2023 £NIL). During the year ended 5 April 2024, no Trustee expenses have been incurred (2023- £NIL). 10. Flxed asset investments Other fixed asset investments Al 6 April 2023 Disposals 98 1981 Al 5 April 2024 At 5 April 2023 98 I q. Debtors 2024 2023 Due within one year Prepayments and accrued income 7,082 12. Credltors: Amounts falling due within one year 2024 2023 Accruals and deferred income 1,080 1.080 Page 12 THE PEMBERTON FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 13. Statement of funds Statement of funds - Current year Balan¢e at 6 April 2023 Balance at 5 April 2024 Income Expenditure Unre5trlcted funds Reserves 6.165 138,235 1142,2821 2,118 Statement of funds- prior year 88lance al 6 April 2022 Balanc& al Incom8 Expenditure 5 Apnl 2023 Ullrestrlcted funds Reserves 835, 776 37, 166 {866, 777) 6, 165 14. Related party transactions The charity received donations lolal1iNg £108,00012023.. £28,3261 from Trustees during the year. There aTe no outstanding balances owing between relaled parties and the charity al 5 April 2024. Page 13