CHAFirrY REGisfRATION NUM8ER: 1140914
WRA CHARITABLE TRUST
Unaudited Financial Statements
31 March 2024
Chartered accountants
Yoth House
1 Seagrave Road
London
SW61RP

WRA CHARITABLE TRUST
Financlal Statements
Year ended 31 March 2024
Pages
Trustees, annual report
Independenl examinerfs report lo the trustees
Slatement of financial activities
1104
Statement of financial position
Statement of cash Ilows
Notes to the financial statements
9t014

WRA CHARITABLE TRUST
TNstees' Annual Report
Year ended 31 March 2024
The Iwsiees present their ar￿ thè unaLMfrt&J financi￿ stat8m8nts ol the charity for thè year
er>ded 31 March 2024.
Referwce and athnlnlstratfve detrlls
Reglstered charlty name
WRA CTrIARITABLE TRUST
Charlty r•glstrntlon number
114(P314
Prlnclpol offlce
SWS OAQ
Tho Iruslee8
ARAswty
L Asprey
Wydtts
Chartered acowntsnts
York Fk)use
1 Seagrave Ro*J
SW61RP
Structuro. governan￿ and m￿g￿nI
WRA Charitable TrL￿t is a registered charity t1￿ Charhy Commiswin th8 Charilles Act 2011
number 1140914.
New trustees a￿ appoinled by the existing trustees arAJ serve for five ￿arS after they may rwt
themsefves loAvard for re.appJinlrnent. The TrLLsI Deed provijes for a minimum of 3 InJsle8S.
Trustees meet or ¢orreswrKI on a rggular trmis. mir￿ ￿ drafted arbj eX￿uled by the trustees to
supp)rt decisk)ns made.
In ￿Con￿a￿ wth charity [M)I￿y, on joiniTh3 trt t*)ard. Trustees must ￿lare any inherenl thal may
¢onflieA wlth iheir atslty lo act ar4)rq)Fiately in their r(* as Tr￿.

WRA CHARITABLE TRUST
Trustees. Annual Report
Year ended 31 March 2024
Oblectlves and a¢tlvhles
The prirKiple o*'ectNes ot WFL4 ChwTfaile Trust is to relEt to those in need, by reason ol
yOLrth. age. ill-healih, dis*ilty. financial hardship or other thsadvantage. Also to promote wellare for
the amtd torces of the crown I￿￿1￿j assislar¢e to ex.serV￿g Fersffind ar￿or their families.
Furthermore, to advance awareness aNI fv &JL￿tiOn of those invow in managing the
counlrysKI8 of the need lor the ￿thi￿je￿ FKeservthn of ts countryside and country S￿rbn9 pursuits.
The Truslee$ have referred lo the Charity Comrni*sKin's general gubjance on public knefft and
believe that the charrty meets the requirements ol beneftt with regard lo ils aims and objectives
and in ￿annIng its future athiwites. In partiCLdar. the Trustees have how the plann&J
actNities will coniribuie to the &ms arbj (￿.¢¢t￿eS tlw have set.
hlevements wforni4w8
The results lor the pefKxI and the charivs ffinarKi￿ pxition at the period end are shovm in the
attached fina￿la1 ststemenis. charity is Still in the pr￿sS of b￿￿dIng reserves 50 as to be in a
positrjn to donaie kqrger amounts in the fu￿re
The Charity has a Wedth Enhan¢ement Inv￿ment Portt01￿ T*hich aims lo grow the real value of the
Charivs initial invesiment over a five to eight Jear time IKJrizon. lls cfyectNes are to.. - Target relurns
that come close to those aVail￿e frcmn the UK ewty markets Ixrt ￿th a low risk.- Control
investment risk throLKJh effective portldio st1￿re arKI dwersif￿tI)n.- Manage wweslment returns
and riths in the context of the UK economy aThJ UK fIna￿la1 markets.
Fln•Klal revlèw
During the year WRA Chaiit*Je Tru￿ receiv&J £46,417 (20r3". f37,2051 ift investment ir¢ome and
£233,13912023: £95,462 Lossl as Unre￿ISed gain on irwestrnenl Portlolio.
- Investment management costs £10.199120fJ: £10,C(￿)
- charit￿e xbvities £16,200 (20f3: £10.5(KJI
- Governance cost-Bank lees £36612023.. £125)
Chjring the year ihe Charity received more than 2012022.. 201 aFp1Kat￿jnS for grants aThJ donations and
912022.. 61 were successful and charity d(yiat8d £16.200 I20¥d.' £10,5(K)I
The charity has a net asset positÈon and the trustees have ensur￿1 appyopriate systems are in Flace to
control income ar*J expe￿Ikture io safeguard assets of the charty.
Plan8 lor future perfod8
The trustees. ￿lan for the charity is to te in a Str￿ firArtial position lo be abbe to meet its obieclives
and take thanlage of any orwrtwities as tw arise.

WRA CHARITABLE TRUST
Trustees. Annual Report It4￿￿
Year ended 31 March 2024
Rlsk management
principle risks laced by the Trust lie in Ihe performarte of inveslmenls and f4)eralbnal risks frorn
ineffeclive grant making ar•J the capaw of Ihe Trust ￿ make eff&iNe grants.
Iruste8s consider variatshty of investment r8ttKns on the weath enhancement investment wrtfollo
to consDiule the ch￿ty$ major financial ith. This is mitigat&J by retwniffj expert investmenl
managers haviw a dNersFfied investrnent tthlolio. tru*ees manage the wealth enhancement
investrneni p)rtlolio on a total return basis. havirrfj (4A&ned an Crder from the Charity Commiss￿n.
The trustee5 considgr that the use of a total retum aFvoxh W 5tabifise th8 resources avall*e for
grant making.
Resarv85 pollcy
The truslees aim lo mainta¥i free reserves in unrestricted futts ai a Èvel which equates to
8pproximatety three rnonlhs of unrestriclgj charilth eXpe￿lIttlre. The trustees CO￿￿18r that this levd
ill prowde sufficient luNls to resrond 10 aFF4icalions for grants arvj ensure that supwrt and
governance Costs are cover&J. The trustee$ ¢MsidÈr Ihai a level of 6 months is suffioenl given the
flexibility affoided by Ihe lotd retum approach towards the investment of the investment wrtldio.
Events after the and of Il* rowltw wrknd
TNstee8' responslbillJe8 Statement
The trU￿e8$ are resFortsible for preparirb3 the trusle8s' reFQrt and Ihe finanual statements in
accordance Mth ap￿￿￿e law aTvJ United lQngdom AcC￿nthg &andards (United Kingdom Generally
Accepted Accwnling Pwtice).
The law applcable to tharities in EnglaTrJ arNI Wales re￿1￿$ ts Charity tr￿teeS to Fyepare linancial
staiements for each year whith give a true aThJ faw view of the state of affairs of the charity and of the
incoming resources arwj aFF4icalk)n ol res0￿ceS. of tr* charity tor that pgriod.
In preONJ these tinancial statemenls. the ts￿ee$ are rewired lo:
seleu $uif&ie accwnlirwJ w1￿9eS aThl then aFWy Ihem consistenily,"
obser¥e meth)ds ￿)rtiples in tr¢ 4¥4Kable Charftss SORP:
make 1￿MentS accountiro estimates that are reas￿abl@ arKI prudent;
stale whether apT)Itab18 UK AccfxJnlirvJ &arNJards have been foVthEd. SLknJ"ect to any material
dylu￿$ disclosed arrfl ex￿aIn￿ in the tina￿￿al stalements,.
prepare the finar￿la1 slalements ￿ the wiro corwn basis unless il is inwopriate to presume
Ihal Ihe charity wryll contiwe in twsiness.
The Irustees are resFnnsible for keepiThJ adeye a¢counting records that are sullicient to show and
ewain the charitys transactions and (Asckjse %*ryth reasonat4e accuracy al any time the financial
position ol ihe charity aThJ en*￿e them to ensure th* ihe financi￿ statements cOm￿Y with the
Charities Act 2011. the applicable Ch&ities IA¢¢wnts ReFQrtsl Regulations. amj thè provisions of
the Trusi Deed. They are dso ￿S￿nSIt￿e lor safeguardir#J the assets of the Ch￿rtY and hence for
taking r&aSon￿e steps for the wwention ar￿ deteC￿n of fraLMI aNI other irr•3ularili8S.

WRA CHARITABLE TRUST
TrU￿e08, Annual Report
Year ended 31 March 2024
The trustees. annu￿ reFQrt vras woveAJ on 12 Novert¢r 2024 a￿1 on beliatt of the board of
trustees by..
W Asprey
TnJsiee

WRA CHARITABLE TRUST
Independent Ex￿Iner'S Report to Ihe Trustees of WRA CHARrrABLE TRUST
Year ended 31 March 2024
I reFort lo the trustees on my examination of Ihe finarKial stalements of WRA CHARITABLE TRUST
Ilhe chartyl for the year ended 31 March 2024.
Responslbililes and basis of report
As the Iwstees of the charity JThJ are re¥￿￿sIble for Ihe 1¥epaTr￿ of the finar￿la1 statements in
accordance Y•ilh the re(wir•))eni$ of the Charities Act 2011 Ilhe Acl'l.
I report in respect of my examinati¢￿ of the chaiilY$ finanoal slalements carr*d urKJer section 145
ol lh8 2011 ALt and in car￿ng (￿t my examination I have fdlu*Ed all Direclions given
by the Charity Commission under Section 14515)Ibl of the Act.
Independort examlnerfs slatement
I have completed my examinati￿. I confirm trAt rK• materiaf matters have come to my attenlion in
onnection wth the examination ￿1￿9 me cause kn bdieve that in any material iespeet..
accounlirTra records were kety in res1￿￿ of the Charity as reqLwrgJ by section 130 of the
the linancral statements th) rK)t xcord with tlw records; or
the fwmncial staiemenls th) ￿1 (y)rn￿ hith Ihe appl￿th reqjiremenls corKwnlrwJ lom
arKI conlenl ol accounis set t)ul in Charit￿S (A[￿untS Rrfyjrtsl Regulations 2008
Olher than any requirement that Ihe accounts gwe a YnJe aNJ wew which is Th)t a matter
¢on5idered as part of an wtyrthni examinat￿.
I have no concems and have come acrogs no otr*r matters in C￿neCtIon vrith examination to
which attwtion sh¢JJhJ be drawTJ in Ihi5 rwt in (w(*r to en*Ae a prcper urKlerstaTrJing ol the
accounts lo be ￿aChed.
Karen Wyatt FCA
lThJependeni Examiner
York House
I Seagrave RIHI
London
SW6 IRP

WRA CHARITABLE TRUST
Statement of Flnan¢lal Actlvities
Year ended 31 March 2024
2024
Unrestricted
luThYs Total funds Total funds
2023
Note
Income and endowm•nts
Investment income
46.417
46.417
46.417
46,417
37,205
37,205
Total Irbcome
ExpendI￿re
Expenditure on raising funds-
Investment management cosis
ExperKJiture on charitable aclivilies
Totsl expendlture
10,199
16.566
26.765
10,199
16.566
10.006
10,625
26,765
20,631
Nel gainsllbjssesl on inveslments
Y33.139
233.139
195,4621
N•t IncomellexwKllture) •nd nol movemeDI in funds
252.791
252,791
178.8881
Recondllallon ot lunds
Total lurKls brought forward
Total funds ¢aThl8d torn¥d
1.Y8,144
2,200.935
1,948,144
2.200,935
2,027,032
1,948.144
The statem￿1 ol hnan¢ial activitw I￿￿KIeS au pns al￿ bsses le￿nIse￿ in ts year.
All in¢ome atThJ exrenditure deriv8 from continLMry thlies.
Th• on page• 9t0 14 pjrt ol tAMn¢io1 stst•mnts.

WRA CHARITABLE TRUST
ststement of Flnanclal Posltkjn
31 March 2024
2023
Flxed ass
Investments
12 2.097,357 1,829.380
CurI￿t assots
Cash al bank and in hand
103,578
103.578
118.764
118,764
1,948,144
Totsl assets les8 current Ilablliles
2.2￿,935
Funds ofihe charfty
Unrestrtcted funds
2.2￿.935 1,948,144
13 2.200,935
1,948,144
Total charlly lund8
These financFal slalements aF¥Jrowl by the tkwd of fr￿￿eBS aThJ aufvrised for issue on 12
November 2024. and are on behaw of t1￿ toard tty:
Trustee

WRA CHARITABLE TRUST
Staiement of Cash Flows
Year ended 31 March 2024
2023
Cash flows from opratlng actlvll*s
Net incomellexpprKliturel
252.791
178,888)
Nel gainsllk)ssesl on investh)ents
Other interest receivable and similar income
Interest payable and similar charges
Cash generated Irom operations
1233,1391
146.417)
366
95,462
{37,2051
125
126.399)
120,5061
Interest paid
lrnerest received
(3661
11.579
(125}
10,924
19,707)
Net cash L￿d in cperatiro afAiwties
115.1861
Net dKreaAe In cash and ¢ash equl¥alenl8
Cash and cash equlvalents at beglnnlng of ywr
Cosh and ¢ash equlvalents at •nd of year
115.186}
118,764
103.578
19.7071
128.471
118,764
Th• nDl•s on p•Je• 9t0 14 fomi part d th•se fiwndal st•tem••it*

WRA CHARITABLE TRUST
Notes to the Flnanclal Slatements
Year ended 31 March 2024
General Infommllon
The charity is a wblic benefit entity ar￿ a registered charity in England aTrJ Wales and is
unineorporaled. The ath*ess of the wincppal offu is 26E Botton Gardens, LO￿10￿, SW5 OAQ.
stat￿r￿ of eompllan
These finaneial statements ha￿ been prepa￿ in complarre with FRS 102. The Financl
Repo￿r0 Standard aFpliCa￿e in the UK aThY the ReputAic ol Ir81arwJ', the Statement of
Recommend￿ Prac￿& lo charities weparing the￿ accounts in acCorda￿e ￿th the
Finanud ReportiNJ StarKlard applKabJe in the UK aThJ Rewblic of Ireland (FRS 1021 (Charities
SORP (FRS 10211 arKI the Charilies PLt 2011.
& Accourthg polkles
Basls of prnpayatlon
The financial statsrnents have Krywe(J the N*ork81 ¢0* basi8, as modrfied by the
revaluat￿n ot certain financial assets aThJ and investment properties measured at fair
value through income or exFWKliure.
The fina￿la1 statemems affj wepared in sterkng. wlmch is the lunc110n￿ Curre￿ ol the entty.
Golng concern
There are no maiwial u￿rt￿nileS charitys ablty to continue.
Judgements and key of eStknaI￿ ￿￿ertaInty
The preparation of the s&*ements re(wwes management 10 make judgements.
estimates and assumptions that atte￿ the amowts reported. These estimates and judgements
are continually ffjviehyed aThJ are bas*J on e￿rIenCe and other factors, ithAng eyciations ol
future 8vents that are belieN*d lo be reasonatle urthr the ¢ruNnstsnces.
Fund a¢¢ountlng
UNestr￿ted funds are avalable for use al t1￿ of the tr￿lee5 lo further any of the
¢hariVs purp)ses.
Des*Jnaled funds are Unrests￿ed frJnds eamarw ty tr* Irusiees for part￿lar fLrture project or
commltmenl.
ReStr￿ted lunds are subiecred to restr￿N)n$ on their exF￿dI￿lre declared ty the donor or
through the ierms ol an appeaL and Idl into one ot S￿￿daSses. regtricted income funds or
ethment luTrJs.

WRA CHARITABLE TRUST
Notes to the Financlal Statements (Wilk￿dj
Year ended 31 March 2024
& A¢¢ountkng pollcles
Incomlng ro8our¢
All incc¥ning resources are in¢lud&J in the statement of financi￿ activibes w￿n entitlement has
passed lo the charity: il is probable that tr￿ e¢womK benefits ass0ua1￿j wilh the frnnsac￿n wll
flow to the charity arKI Ihe amouni can be relHbly measur&* The foll￿1￿ ycilic Fdicies are
aFWied to Part￿Ular categories of income:
ccrfne from donalions or grants s rwBed tAtsn Ihere is eVNj￿ ot enirtlem￿I to the
gift, recept is probat4e aThJ its amouni can be measured relobly.
ga¢y income is recaJgThs•J Ththen rwt is W￿able entilemenl is 8Stablished.
incorne from donated gooJs is measured at th8 fair ¥￿e of the goods unless this is
imprxticd to measure rdiabty. in Wh￿ case the walu8 dwiv&J from the cost to the donty
or the ¢stimated resale value. D(￿ted laeilities a￿1 seNi¢es are rec))gnised in accounis
when received rf the vakje Can be ￿lthY measured. amounts are inckKled tor the
contrib￿lon ol genwd wAwrteets.
iicome from C(￿traCts ftv ts SUF4* of ser¥Kes is recTr3nised with the d8lvery of the
contracted seNtt. This 1$ ¢lasstW as unrestricted luThJs unless there is a ¢onlraclu
requirement lor it to t* SP8nl on a partI￿lar wrpose arKI relurned rf unspent, in which oase
it may be regarded as restricted.
Resourc•s •xpended
Expenditure is recognised on an a¢¢wals basis as a habthty ts incurred. EXpe￿alture any
VAT canrb)t be luly rec0vw￿, arnl 15 cla￿thed urthr ￿adir￿S ol Ihe siatem&nt of
financial actiwties to it relates:
expenditure ￿ MsiTrJ funds indtths trte ¢osts of all ftn*w5ing ¥IN1t￿, events, non
charitable Irading acnvitw. artl the Sa￿ of (knnat&l gcrtxjs.
expe￿I￿re on charitabl& actNi1￿ Ind￿ ￿1 costs iwred by a charity in undertakiryJ
activities that lurther charrtatle aims lor ihe tenefit ol its ten81KI￿les. ind￿1r0 those
supwrt costs aThJ ￿$1$ relatiThJ to l￿fj g￿rna￿e of the charity Wlrtior*d ID charitable
athities.
other expenditu￿ irKludes all exwM*iure t￿t is neither relat￿ to raising fur*ts for the
charity nor part of its exrmbthlure on charitable aclNilEs.
All costs are ￿￿)Cated io exrenthire categyies refleciiro the use ol tr* resource. Direct costs
attn7xrtat48 lo a single actswty are allc¢aièJ to Ihal aclivity. Sharecl costs are apwrtioned
belween the a￿l￿tIeS they C(￿ribute to on a reasonalje. juslifi.able aThJ consi*¢ni basis.
Investments
Unlisted equity investments are initialty reccrtc*d * cost. aTrJ SLtse(•Jenty measured at falr
value. If Iwr vJue ¢anr￿li be re￿ablY measured. assets are measured al cost less impaim)ent.
Listed investments are measured & far value 7A*h chaw ￿ fair value recTraThwJ in
income or exp8NJiture.

WRA CHARITABLE TRUST
k4oie8 to the Flnanclal state￿nts
Year ended 31 March 2024
A¢¢o(mtlng pollcles
Impaknimt ol Ilxed assets
A review lor irKli¢alors ol impwnnent is carried ￿ at each rewrting date, with the recover*e
amount being estimated where irKkntors exi8t. Where the carrylig vahje exceeds the
r￿0Verable amount. the asset is impaired aecLYdingly. Pik)r imp&'rments are also revie*ed for
FWitAe reversal at ea¢h reP￿1￿j date.
For the wr￿se5 of impairment tesi#)g. when it i8 F¥)ssible to e51imate the recoverabte
amouni of an Inthyh￿al asset. an eslimate is maje of the r￿erabl& amount of the ￿$h-
generating unit lo whi¢h the assa t¢brys. The cash-generatiro unil is the smallest identifiable
group ol assets that incl￿e$ the asset aThJ generates cash inllows that laTg81y irKlependpnt ol the
cash infk*ws from other assets or groups of assets.
FCY impawmert testirw3 of 9>xtr*￿Il. the gcx**wil ac¥]i*r•J in a trminess e4)mtMnation is. from the
acqulsltion date. Jlocaled lo each ol the wh-generatng units that are expEthed to tenelit from
the synergtes ol ￿ combination. irres￿￿¥8 ol otr*i assets or liabilities ol the charity
are asswjr￿d to those units.
wèstsn¢nt Income
Unffjslrthd Total Funds Urnesl￿ Total Funds
Funds
2024
Funds
2023
Bank interest rectyvable
Olh8r irrterest weivaL4e
1,3
45,037
918
36287
918
36287
37,205
45,037
46.417
46.417
37,205
Investment mwg¢nwt costs
unrestr￿ad Total Funds Unrestricted Total Funds
24
Funds
2023
Investment managemert fees
10,199
10,199
10,¢))6
10,006
Expendllure on charflable a¢tlvilios by lurnl typ8
un￿tr￿ed Total Funds Un￿trIcted Total Funds
Fund5
2024
Funds
2023
Donath)n$ aThJ Grants
port eosts
16.2(K)
16.200
366
10,gX)
125
10,500
125
16.566
16,586
10.625
10,625
11

WRA CHARITABLE TRUST
Notes lo the Flnanclal Statements
Year ended 31 March 2024
Expendlture on ¢hwitable actlvhle8 by a¢lfvlty type
Grdnl
ol acltwtses Surwl costs
Tolal funds Toial luThJ
2024
2023
Dcrfwiions and Grants
Governance ¢osts
16.2(Kl
16.200
10.500
125
16.2LK)
366
16.566
10,825
Analy8ls of grants
2023
Grants to Instltu15on$
Donations and Grants
16.2CKJ
10.500
Total granis
16,200
10.500
Not galn&lllosses) on In¥eslmenls
Unrestrued Totsl Fynds Unrestricted Total Funds
Funds
2(f24
Funds
2023
Gainsllh)ssesl ￿ other investment
assets
233.139
233,139
{95.4621
(95.4621
11X Statt costs
The average head count of em￿0￿*8$ (kniro tr* year vras Nil {2023: Nir).
No aM￿0Ye6 recaved ern￿1)Yee tr￿11￿ of more than £60.(bxI the sear12023.. Nill.
11. Trugt¢e remuner•tl(m and expenses
No refflur￿rati￿ or other benefits from emFtynenl vilh the charity or a relatsd 8ntity were
re¢eNed by the trustees.
-12-

WRA CHARITABLE TRUST
Notes to the Flnancial Statements
Year ended 31 March 2024
11 Investments
Other
Investment8
Cost or valuatlon
At 1 Wil 2023
AL*JtiTons
Other movemerts
1.829.380
267,977
2,097.357
At 31 March 2024
Impalrn)ent
At 1 2WJ and $1 U*¢h 21Y24
Carrylng amourrt
At 31 March 2024
2.097.357
1,829,380
Al 31 March 20fJ
l investments are hekj at valualion.
13. Anatysls of charftable funds
Unr8Strfcted fund•
Gains aTrJ31 Ma￿h 2W2
losses
General funds
1.948,144
46.417
126.7651
233.139
2.2W.935
At
Ga￿￿ a￿1 31 March 202
losses
1 Awil 2022 I￿)me Experth" u
Generd funds
2.027.032
37.205
120.631)
195.4621 1,948,144
-13-

WRA CHARITABLE TRUST
Notes to the Flnancial Statements
Year ended 31 IAarch 2024
14. An8tysis ol n•t as8ets between fund8
Un[estr￿ed Total Funds
Funds
2024
Irbvestmerrts
Current assets
2.097.357
103,578
2,200.935
2,097,357
103.578
Not assets
2.200,935
Unrestricted Total Funds
Funds
2023
InV￿mentS
Cwreth assets
1.829.380 1,829,380
118.764
118.764
1.948.144
1.948.144
15. Analy818 of chaNJag kn nel debt
Ai 1 Apr 2023 Cash flow5 31 Mar 2024
Cash at bank ar#J in hand
118.764
115,186)
103,578
-14-