Charity registration number: 1146767
Algernon Gordon Doyle Will Trust
Annual Report and Financial Statements for
the year eTrd￿ 5 April 2024

Contents
Reference and Administrative Details...
Trustees, Report................................. ... ......
2to5
Independent Examinerfs Report.......................................
StatementofFinanaalActivities....................................................
Balance Sheet...
NotestotheFinancialStatements...................................................
9t016

Algernon Gordon Doyle Will Trust
Reference and Administrative Details
Charity name
Algemon Gordon Doyle Will Trust
Charity registration number
11466767
Principal office
Salisbury House
London Wall
London
EC2M 5PS
Trustees
Mr M N Duncan
MrAJGrier
Mr P R Campbell
Mrs E West-sadler
Rev C West-sadler
Independent examiner
Knox Cropper LLP
65 Leadenhall Street
London
EC3A 2AD
Investment Manager
Quilter Cheviot
Senator House
85 Qu*n Victoria Street
London
EC4U 4AB
Pagel I

Algernon Gordon Doyle Will Trust
Trnstees, Report
The Trustees present their report and Einancial statements for year ended 5 ApTiI 2024. The financial
statements have been prepared in accordan￿ with the accounting poliaes set out in note l of the financial
statements and compSy with the Charities Act 2011 and Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to d￿ritieS preparing their financial statements in accordan￿ with
the Finanaal Reporting StandaTd applicable in the UK and Republic of Ireland (FRS 102) (effective January
20191.
Structure, governance and nwiagement
Constitution
By his will dated the 27 October 1950, Mr. Algernon Gordon Doyle appointed Alan David Melville, John
Hardy Bentley and Reginald Gordon Doyle executors and trustees.
Mr. A. G. Doyle died on the 18 May 1955 domiciled in Tanganyika and Probate was granted on the 28
September 1955 to the said executor5 by the Prinapal Probate Registry.
Pursuant to a dause in the will, originally an annuity of £30 per annum was paid to the Vicar and
Churchwardens for the titne being of the All Saints Church in Sydenham. By agreetnent with the then
Vicar and Churchwardens of All Saints Church in Sydenham, a payment of £250 was made in full and
final satisfaction of the annual annuity and acknowledged by way of Eormal receipt on 9th DecembeT 1985.
A Scheme was made by the Charity Comrnission in June 2019 in order that this is no longer a charitable
object since it was fulfilled and confirmed that the trusts of the Charity take effect with Clause 7lb) of the
Governing Document having been deleted.
Under the terms of the will the residue is held on trust to pay the income as follows:
A} Half to David Lincoln Gordon durins his lifetime. On his death on 25 December 2005 the income
is paid to the Dean and Chapter of Canterbury Cathedral for and towards the maintenance of the
fabric of the cathedral. and
B) Half to the Church of England Pensions Board.
By a letter of 16 February 2(KB (ref xr14978) the HM Revenue & Customs have accepted that the Trust IS
a charity for tax purposes. The Trust was entered in the Register of Charities on 3 April 2012 under
Registered Charity number 1146767.
Method of appointment or election of Trustees
New trustees are appointed by the existing trustees by way of a meeting and a Subsequent deed
fornia1￿Ing the appointment, or simply by deed alone.
Policies adopted for the induction and training of trustees
Due to the small size OE the charity, there is no fonnal induction prO￿sS save the attendan￿ at meetings
and information made available to that trustee by the existing trustees.
Related party relationships
All related party relationships are noted elsewhere in these accounts.
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Algernon Gordon Doyle Will Trust
Trustees, Report
Risk management
The trustees have identified the main risks applicable to the charity and these concem the value of the
investments. The tsustees have mitigated this risk by appointing Quilter Cheviot as investment managers,
to manage the p)rtfolio on their behalf.
The twst*s appointed (auilter Cheviot to manage the investment portfolio. This is managed by referen
to a policy document which sets out the objectives of the trustees as regards the investments and the
respective responsibilities. The portfolio is currently managed under a 'balan￿d. approach between
capital and income.
Objectives and Activities
Policies and objectives
The trustees shall hold the capital and income upon trust and to apply the income in such a manner for
the benefit of those identified under the charitable objects (above)-
The trustees have agreed a policy statement with Quilter Cheviot and monitor the performance of the
investments regularly by way of reporting and other communications received from Quilter Cheviot
(formerly Charles Stanleyl-
Strategies foT achieving objectives
The tru5tee5 have regard to the Charity Commission guidan￿ concerning the public benefit when
furthering the objectives of the charity.
Activities for achievins objectives
The charity holds income ￿ to half for the Dean and Chapter of Canterbury Cathedral towards the
maintenance and fabric of the cathedral and half to the Church of England Pensions Board.
Achievements and perfonnanee
Review of activities
Payments in respect of the charitable objects of the charity totaling £25,381 (2023: £23,262) were made
during the year.
Investment policy and perforniance
The value OÉ the investments increased marginally in the period under review, as a result of improved
market sentiment. The Trustees continue to monitor the perfortnance of the portfolio along with the
investment manager in light of global events.
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Algernon Gordon Doyle Will Trust
Trustees. Report
Financial Review
Results
The Trust had a net increase in funds for the period of £44334, increasing total funds from £685,573 to
£719,907.
Reseryes policy
The trustees do not constder that they should retain any reserves, given the objects of the trust. The trustees
recognise that the objects of the trust are not suth as to nonnally 8ive rise to any special contingenaes and
the income TS distributed on a quarterly basis direct from the portfolios.
Plans for future
There are no significant changes planned for the charity which will continue with its current objectives.
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Algernon Gordon Doyle WIII Trust
Trustees, Report
Statement of trustees. responsibilities
The trustees are responsible for preparing the Annual Report and the financial statements in accordan
with applicable law and regulations.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements
for each Financial year in accordance with United Kingdom Generally AC￿pted Accountins Praeti
(United Kingdom Accounting Standards and applicable law). The tru5tee5 must not approve the financial
statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resources, induding the income and expenditure, of the
charity for that period.
In preparing these Einancial statements, the trustees are required to:
select suitable accounting poliaes and apply them consistently;
observe the methods and principles in the Charities SORP..
make judgments and accounting estimates that are reasonable and prudent:
state whether applicable UK Accounting Standards have been followed, subjett to any material
departures disc105ed and explained in the financial statements,.
prepare the financial statements on the going con￿rn basis unless it 15 inappropriate to presume
that the charity will continue to operate.
The trustees are responsible for k￿PIng sufficient accounting records that disclose with reasonable
accuracy at any time the finanoal position of the charity and enable thetn to ensure that the financial
statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulatio￿ 2(X)8
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 detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
Mr M Duncan
Trustee
Date: 03 February 201
Page15

Independent Examinerfs Report to the Trustees of
Algernon Gordon Doyle Will Trust
I report to the trustees on my examination of the financial statements of the Algernon Gordon Doyle Will
Trust ('the charity,) for the year ended 5 April 2024 whith comprise the Statement of Financial Activities,
the Balance Sheet and related notes.
This report is made solely to the charity's trustees, as a body, in accordan￿ with sertion 145 of the
Charities Act 2011. My work has been undertaken so that I might state to the charitys trustees those
matters l am required to state to them in this 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 and the
charity's trustees as a body, for my Work. for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordan￿ with the requiretnents of the Charities Act 20111'the Act'l.
I report in respect OE my exatninalion of the charityrfs finanaal statements carried out under section 145
of the Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515){b) of the Act.
An independent examination does not involve gathering all the eviden￿ that would be required in an
audit and consequently does not cover all the matters that an auditor considers in giving their opinion
on the financial statements. The planning and conduct of an audit goes beyond the limited assurance
that an independent examination can provide. Consequently I express no opinion as to whether the
financial statements present a 'true and fairf view and niy report is limited to those specific matters set
out in the independent examinerfs statement.
Independent exanunerfs statement
I have completed my examination. I confinn that no material Tnatters 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 charity as required by section 130 of the Act.
or
the financial statements do not accord with those records. or
the linancial statements do not comply with the applicable requirements concerning the forni
and content of accounts set out in the Charities (Accounts and Reports} Resulations 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 OE the financial
statements to be reached.
Greg Stevenson
Knox Cropper LLP
65 Leadenhall Street
London
EC3A 2AD
Date.....
.g./z/2oL
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v > DJ
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Algernon Gordon Doyle WIII TTUSt
BaIance Sheet as at 5 April 2024
2024
2023
Note
Fixed assets
Investnients
726,(M)8
688,092
Assets
Debtor5
io
334
1280
Cash at bank and in hand
li
1092
Creditors: Amounts falling due within one year
Net current assets
12
(8,1931
(5,133}
{6,101)
(1519)
Net assets
719,￿7
685,573
The funds of the charity:
Pemianent Endowment funds
Unrestrirted funds
719,￿7
685,573
Total Funds
13
719,￿7
685,573
Approved by the Trustees on 03 February 2025 and signed on their behalf by:
Mr M Duncan
Trnstee
Date: 03 Febnwy 2025
Page18

AIgernon Gordon Doyle Will Trust
Notes to the Financial Statements for the year ended 5 April 2024
Accountingpoliaes
Basis 0£ preparation
The financial statements have been prepared in accordan￿ with the Statement of Recommended
Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 Iseeond
edition) and the Financial RepoTting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 102) and the Charities Act 2011 and UK Generally AC￿pted Practi￿ as it applies
from l January 2019.
The finanaal statetnents have b￿n prepared to give a'twe and fairf view and have departed from
the Charities {Accounts and Reports) Regulations 2(M)8 only to the extent required to provide a
'true and fair vie￿. This departure has involved following Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Rewrting StandaTd applicable in the
UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and
Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which has
since been wiihdTawn.
The Algemon Gordon Will Trust meets the definition of 3 public benefit entity under FRS 102.
sets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accountin8 policy notes.
In the prior year, the accounts were prepared on a receipts and payments basis.
Goin8 concern
The trustees consider there are no material uncertainties about the charity's ability to continue as
a going concern. The review of the financial position trustees Confiden￿ the charlty remains a
going concern foT the foreseeable future.
Charitable funds
Unrestricted income funds comprise those funds which the trust￿ are free to use Eor any purpose
in furtherance of the charitable objects. Unrestricted funds include designated funds where the
trustees, at their discretio￿ have the power to create a fund for a specific purpose.
Pernianent Endowment
Endowment funds comprise of the initial amount settled in accordan￿ with the will to establish
the Trust. The fund is a pennanent endowment and whilst the two beneficiaries can be paid the
income arisin& the Trustees do not have the power to convert all or part of the fund into income
which can be spent in accordan￿ with the charitable objectives. Income generated from the
endowment fund investments IS spent on furthering the Charity's objectives.
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Algernon Gordon Doyle WIII Trust
Notes to the Financial Statements for the year ended 5 April 2024
Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is
legally entitled to the income and the amount can be quantified with reasonable accuracy.
Investsnent income is recognised on a receivable basis.
Grants Payable
Grants payable are payments made to the Dean and Chapter of Canterbury Cathedral and the
Church of England Pensions Board in the furtherance of the charitable objectives.
Resources expended
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and service5 for ils benefiaaries. It indudes both costs that can be allocated directly to
such activities and those costs of an indirectnature necessary to support them.
Governance costs
Governance costs include costs of the preparation and examination of the statutory financial
statements and the cost of any legal advice to trustees on governan￿ or constitutional matters.
Investments
Fixed asset investments which are publidy traded or where the fair value can be measured reliably
are initially measured at fair value, with changes in fair value recognised in profit or loss. Fixed
asset invesbnents which are not publicly traded and where fair value cannot be measured reliably
are measured at cost less impairrnent.
Realised gains and losses on investments are calculated as the differen￿ between sales proceeds
and their market value al the start ofthe year. or their subsequent cost, and are charged or credited
to the statement of the financial activities in the period of disposal.
Unreali5ed gains and losses represent the movement in market values duTing the year and are
credited or charged to the statement of Einanaal activities based on the market value at the year
end.
Cash held for investments PUTposes is induded within investments.
Page | 10

Algernon Gordon Doyle Will Trust
Notes to the Financial Statements for the year ended 5 April 2024
Financial instruments
Basic financi31 instruments. which include debtors, creditors, equity investments and bank
balan￿s, are initially measured at transaction Pri￿ induding transaction costs and are
subsequently carried at amortised cost using the effective interest method unless the arrangement
constitutes a finanan8 transaction, where the transaction is measured at the present value of the
future re￿ipts discounted at a tnarket rate of interest.
The trust only has basic financial instruments.
Cash and cash equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less frorn the date of acqui5Ltion or opening of the deposit and similar
account.
Creditors
Creditors are recognised where the charity has a present obligation resultiThg from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are nonnally recognised at their
settlement amount after allowing for any discounts due.
Judsments
The preparation of the finanaal statements requires management to make judgements, estimates
and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet
date and the amounts reported for revenues and expenses during the year. However, the nature
OE estimation means that artual outcome5 could differ from those estimates. In the trustees,
opinion there are no significant judgements and there have been no material SouT￿s of key
estimation uncertainty.
Investment income
2024
2023
Interest income
Income from investments
231
23,031
13,262
25,304
25,381
Expenditure on raisins funds
2024
2023
Investment management fees
5,074
Pagel 11

Algernon Gordon Doyle Will Trust
Notes to the Financial Statements for the year ended 5 April 2024
Charitable activities
2024
2023
Governance costs
Trustee expenses
Counsel's Éees
48
1,2(K)
Independent examiner's fees
Administration fees
1,704
1,662
5,052
7,4￿1
6,756
10,370
Charitable activities
Charitable donations (note 7)
25,381
23,262
32,137
33,632
Charitable donations by category
2024
Religious activities
25,381
Charitable Donations
2024
Church of Ensland Pensio￿ Board
Dean and Chapter OE Canterbury Cathedral- Fabric Fund
12,684
12,697
25,381
Trustees, remuneration and expenses
No trustees re￿iVed any remuneration during the peTiod. No trust&s re￿iVed expenses
during the year12023: £48)-
TheTe were no employees during the period.
Page | 12

AIgernon Gordon Doyle Will Trust
Notes to the Financial Statements for the year ended 5 April 2024
Investtnents held as fixed assets
Listed
Investments
2024
Total
2023
Market value
Brought forward
Additions
686.XH
114.870
(123,518)
14,118)
50,212
765.847
98,836
1116,594}
{8,949)
152,636)
686,504
Disposals
Realised gainl(lossl on investments
Unrealised gains on investments
Net book value
723,950
Cash available to invest
2,058
726,IK)8
1,588
688,(92
As at 5 April 2024
Material Investments
At 5 April 2024, one holding had a value greater than 5% of the quoted securities portfolio value:
as follow5..
JP Morgan American Investment Trust
£47,946
Investment assets can be further analysed as follows:
Overseas
Totsl
Total 2023
Listed investments
Cash deposits
465,718
2,058
467,776
258,232
723,950
2,058
T26,(X)8
686,504
1,588
688,092
258,232
l O Debtors
Total
Total 2023
Due from benefioaries
334
Pagel 13

Algernon GoTdon Doyle Will Trust
Notes to the Financial Statements for the year ended 5 April 2024
li
Analysis of cash and cash equivalents
2024
2013
Cash available to invest
Cash at bank and in hand
1058
1092
4,150
1,588
2,280
3,868
12
Creditors: Amounts falling due within one year
2024
2023
Due to benefiuaries
Accruals
461
7,732
8,193
5,133
5,133
13
Analysis of funds
2024
Unrestricted
Funds
Pernianent Total Funds
Endowment
Funds
2024
Investments
4,789
721.219
726,LK)8
Current assets
1092
1092
Accruals
(6,881)
(1,3121
(8,193)
Assets
719,9)7
719,907
Funds caTh be further analysed as follows:_
Dean & Chaptei at
Canterbury Cathedral-
Fabric Fund
Unrestricted
Funds
Pernwient Total Funds
Endowment
2024
Fund5
Investment5
2,394
360,754
363,148
Current assets
1,046
Accruals
13.440)
16661
{4,106)
Assets
360,088
360,088
Pagel 16

Algernon Gordon Doyle Will Trnst
Notes to the FinanciaI Statements for the year ended 5 ApTi12024
13
Analysis of funds Icontinued)
Church of England
Pensions Board
Unrestricted
Funds
Pernianent Total Funds
Endowment
2024
Funds
Investtnents
1395
360,465
361860
1,046
Current assets
Accruals
(3.441)
{646)
{4087)
Assets
359,819
359,819
2023 Total
Unrestricted
Funds
Pernianent Tofal Funds
Endowment
2023
Funds
Investments
688,(F)2
688,(Y)2
CurTent assets
1614
2,614
Accruals
(5,133)
{5,133)
Assets
685,573
685,573
14
Related parties
During the period Druces LLP provided admintstration Servic￿ to the A G Doyle Will Trust
amounting to £5,052 (2023.. £7.460}. Trustees Mr M Duncan and Mr P Campbell are also
partneTS of Druces LLP.
These serVI￿S are not related to Mr M Dunean and Mr P Campbell's trusteeship and
therefore are not deemed to be Trustees, remuneration. At the balance sheet date the
amount due to DnI￿S LLP was £3,054 (2023: £653).
Pagel 16