REGISTERED CHARITY NUMBER: 1160334
REPORT OF THE TRUSTEES AND
AUDifED FINANCIAL STATEmE￿r5
FOR THE YEAR ENDeD S APRIL 2025
FOR
THE EDWARD CADBURY CHARITABLE TRUST
J W Hinks LLP
Chartered Accountants
and Statutory Auditors
19 Highfield Road
Edgbaston
Birmingham
B15 3BH

THE EOWARD CADBURY CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Page
Report ol the Trustee$
Report ofthe Independent Audltors
9 to 11
Statement of Flnancial Artlvltles
12
Balance Sheet
13
Cash Flow Statement
14
Notes to the Financlal Statements
15 to 35

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their report with the linanclal statement5 of the charity for the year ended 5 April 2025. The
trustees have adopted the provisions of Accounting and Reporhng by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financlal Reporknng Standard applicable in the
UK and Republic of Ireland {FRS 1021 (effective l January 20191.
OBJEcfivES AND AcfiviTIES
Objertives and airns
Pur oses and aims
The charity is set up for general charitable purposes and is solely a grant giving body.
Ensurin
r work delivers our
We review our aims. objectives and activities each year. This review looks at what we achieved and the outcome5 of
our work In the prevlous 12 months. The review looks at the success of each key activity and the benefits they have
brought to those groups of people we are set up to help. The review also helps us to ensure that our aim, objectives
and activifjes remained focused on our stated purpose5.
We have referred to the guldance contained in the Charlty Commission's general guldance on publlc benefit when
reviewlng our alms and objectives and in planning our future activities.
In particular, the trustees consider how
planned otttvlt(es will contribute to the aims and objectlves they have set.
The focus of our work
The focus of our work continues to be that of a charity set up for general charitable purposes acting solely as a grant
giving body.
Grantmaklng strategyi pollcy and procedures
The trustees believe that their mission today is as relevant as It was when Edward Cadbury flrst identified the need to
support the local community in the early decades of the twentieth century.
Edward Cadbury's parttcular interest in educatlon, religion and soclal welfare, together wlth the Quaker values of
slmplicity, equality. justice, peace and care of rhe environment, have helped shape the 8rantmakin8 policy of the charity.
The interests of the founder and the trustee body therefore particularly focus on Supporting the voluntary sector in the
Midlands region including Hereford5hire. Shropshire, Staffordshire. Warwickshire and Worcestershire with the main
areas of grant giving encompassing education and trainin& community development. support for the oppressed and
disadvantaged. the arts and the environment.
The grant giving programme fotuses on those interests by using Six moin headings which the trustees believe 5ensiblv
reflect the objects of the charity and comply with the definition of charitable purposes a5 set out in the 2011 charities
Act.
Arts and Culture
the advancement of the Arts, Culture, Heritage or Science).
Communit Pro ects and Int ration
Ithe advancement of Citizenship or Community Development).
om
assionate Su
ort
(the relief of those in need by reason of Youth. Age, 111-health, Disability. Financial Hardship or other
disadvantage).
Page I

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
OBJECTIVES AND ACTIVITIES- continued
Grantmakin8 Strate8y* pollcy and procedure5- conttnued
Conservation and Environment
Ithe advancement of Environmental Protection or Improvement).
Educati
n and Trainin
(the advancement of Education).
Research
Ithe advancement of Health or the Saving of Lives),
The charlty only makes grants to registered charities and not to individual5.
An appllcatlon for funding may be made at any tfme and should be submitted vla the on-line applicatton system at
www.edward
trust.or
.uk or by email or post to the trust manager.
The trustees request that the application should provide a clear and concise descripfjon of the project for which the
fundin8 is required as well as the outcomes and benefits that It is intended to achieve. They also require an outline
budget and explanation of how the prolect 55 to be funded Inlt(ally and in the future together with the latest annual
report and accounts for the charlty. Applicatlons for funding are generally considered within a three month tlme5cale.
8efore awarding a grant, the trustees assess applications against the charlty's objectives and the Charity Commission's
public benefit guidelines to check that public benelit crlteria are met.
The charity usually make5 grant5 which vary in Size between £3,000 and £25,000. These are normally awarded on a
one-off basis for a specific purpose of part of a project. Larger grants are occaslonally made on an exceptional basis
where the purpose Is pardcularly apposSte to the charity's interests.
The 8rantmaklng pollcy and procedures are reviewed by the trustees on an annual basi5.
Publlc beneflt
The trustees confirm that they have referred to the Charity Commission's general 8uidance on public benefit in
reviewing the charity's aims and objective5 and have taken due regard of its content in confirming its grantrnaking
strategy for the year ahead. Grant applications are also assessed for public benefit criteria.
Page 2

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
ACHIEVEMENT AND PERFORMANCE
Charltable aciivities
Grant
During the year ended 5 April 2025 266 grant5 have been made totalling £1,510,640 compared to 206 grants totalling
£828.420 for the year ended 5 April 2024.
The main beneflciaries from the charity's 2024-2025 grant givin8 programme were the PLsblic. generally through the
support of museums, theatres, art centres and other cultural venues and projetts IArts and Culturel,. sections of the
public through community group5 in both inner-city and rural areas (Community Projects and Integrationl,. provision of
services for those in crisis or in need (Compassionate Support); conservation projects to protect buildings and develop
facilities as well as raising awareness about environmental issues Iconservation and Environment}- educational
opportunities for young people of all abilities, outreach work and skills training (Education and Training),. and funding
for medical research (Research). By focusing their grant giwng wlthin these areas the trustees believe that their
strategic priorities have been achieved,
Larger awards In the 2024-2025 financlal year have included the following.
A grant of £400,000 was awarded to the Barber Insfjtute of Fine Arts, located at the University of
Birmingharn campus, towards o capStal development project to improve and refurbish the bvilding.
A grant of £20,000 was awarded to Castel Froma Neuro Care, an organi5ation providing people-
centred specialist care for individuals with neurological conditions based in Warwickshire. towards
the cost of purchasing pressure surface mattresses.
A grant of £50,000 wa5 awarded to the National Star College to extend the education and therapies
provision at the Eveson Centre, Hereford.
A grant of £20,OCK) was awarded to SENSE to 5UPPOrt the expansion project at the SENSE Touch8ase
Pears Centre In Selly Oak. Birmlngham.
WhSle the summary above has focused Dn the larger grants made this year, many smaller grants which are equally as
beneflcial to the charitles concerned, notwithstandin8 the size of the or8anisation or the scale of the project, have also
been made.
FINANCIAL REVIEW
Flnanclal posltion
As at 5 April 2025 the charity'5 net assets stood at £52,306,640 compared to £54,396,306 a5 at 5 April 2024.
During the reporhng period the charitv's investment portfolio, managed by Quilter Cheviot on a discretionary basis,
generated an income of £1,508,57612024: £1,395,431) and outperformed the dividend income target as set out in the
charity'5 Statement of investment policy.
The charity's holding in the Charities Property Fund ICPFI was valued at £1,257,94612024: £1,230,899} with income
payments totalllng £59,27812024: £80,523).
The trustees reconfirmed their ethical investment polity as part of their annual review of policies and procedures.
further screening analysis of the charity'5 investment portfolio by Quilter Cheviot took place during the year ended 5
Aprll 2025.
Poge 3

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
FINANCIAL REVIEW
Investment pollcy and objectives
Investments are made taking a long term view, using a range of investment vehicles to achieve Stability and growth
within a well diversified portfolio. The guiding principle of the trustees, investment policy is to seek to maintain, in the
long term, a balanced portfolio without undue overall risk that aims for both income and capital growth in real terms.
The trustees seek to ensure that the charity's investments are consistent with the purposes and values of the charity.
The trustees aim to avoid directly investing in companies whose maln business Is In tobacco, armaments, gamblin8 or
alcohol. There 15 a stated preference to invest in those cornpanies that make a positive contrlbution to the
environment and the comrrunity and which evidence corporate social responsibllltv.
Reserves policv
Unrestrlcted reserves at 5 Aprll 2025 amounted to £52,306,64012024: £54,396,3061.
It Is the trustees, pollcy to distribute the Income from its Investments to fund Its grantmaking programme whilst
maintaining a sufficlent level of funds to ensure the lon8evlty of the charity.
While the trustees conslder it prudent to retain sufficient reserves to cover Its operadonal costs they have the power
under the charity'5 Constitution to uti115e both income and capital for charitable purposes at their discretion and
therefore do not consider It necessary to maSntain any further reserves.
FUTURE PLANS
Fln
nce and investmen
Looking ahead to 2025-2026, ongoin8 volatility in the financial markets is anticipated. The charity'5 di5cretionarv
investment managers, Quilter Cheviot, have advised that they will continue to respond accordingly but encourage
investors to keep to their long-term financial and investment plans,
In determining the investment objectives forthe financial year 2025-2026 the trustee5 have agreed wSth Quilter Chevlot
that the Investment benchmark of a total return exceeding the MSCI PIMFA Private Investor Balanced index will be
retained.
ront
ivin
In terms of the grant giving programme, the charity's main aims and objecrives in the forthcoming year are to build on
and enhance the successful programme of grant giving undertaken during the year ended 5 April 2025 and to continue
to support charities, principally within the Midlands re8ion, which encourage community development, empowerment
of the Indlvldual and inclusiveness, provide compasslonate support to those in need and promote educational, cultural
and envlronmental projects.
The formal outcome report form provides the trustees with helpful feedback for evaluatton and has positively
highlighted the straightforwardness of the charity's application process. This monitorin8 form will therefore continue
to be issued to grantees.
Risk a
The trustees will maintain the ongoing risk analysis pro8ramme which pays parkncular attention to economic conditions,
including market volatility and inflation, and any change5 in le8i51ation that affect the operation of the charity.
Page 4

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR TrIE YEAR ENDED S APRIL 2025
STRu￿URE, GOVERNANCE AND MANAGEMENT
Governlng document
The Edward Cadbury Charitable Trust lincorporatedl was set up on 27 June 1945 under a Declaration of Trust
Isub5equently amended by a Chority Commission Scheme dated 17 December 19901 and converted to a Charitable
Incorporated Organisation ICIOI on 4 February 2015.
The assets of the Edward Cadbury Charitable Trust
(incorporated) transferred to the new CIO with effect from and including 6 April 2015.
The original charity (registered charity number 2273841 was removed from the register of charitie5 on 14 September
2015 and entered into the register of mergers.
The Edward Cadbury Charitable Trust operates under a Constitution and is an expendable fund.
Retruitment and appolntment of new trustees
Under the terms of the Constitution not more than ten or less than three trustees are required to serve.
The overall balance of skills of the exisUng trustee body is taken Into conslderation when looklng to appoint new trustees
to ensure that a wlde ran8e of interests and professional experttse Is available,
A potential new trustee is invited to attend at least two meetln8s of trustees an an observer. This initiates a two-way
process enabling both the observer and the existing trustees to learn more about each other before any appolntment
is formalised.
Background Information is provided to the nominee at thi5 stage and includes biographical information about Edward
Cadbury, a copy of the Constitution, a copy of the latest annual report and accounts, minutes of the prevlous two
trustees, meetlngs and a copy of the grantmaking policy and application guidelines together with a copy of the Charitv
Commission's publication "The Essential Trustee"
All trustees give thelr Jme voluntarily and recelve no beneflts from the charity. Any expenses reclaimed from the
charlty are set out In the notes to the financlal statements.
Page 5

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED S APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational strurture
The trustees are collectively responsible for the strategy and good 8overnance of the charity and norrnally meet on a
quarterly basis.
The trustees delegate the management and day-to-day operation of the charity, within set policies, to the trust
manager.
The chair of the trustee body and the trust manager communicate on a regular basls regarding charity matter5.
During the year ended 5 April 2025 four full meeting5 of trustees have taken place. Trustees are kept informed
between formal meetings on relevant matters of Snterest including an analysis of grant5 given, applications received,
changes to charity law and financial and investment activitv.
The trustees delegate the mana8ement of the charity's Investment portfolio to Quilter Cheviot on a discretionary
management basis wlthin the terms of a written investment brief. Following an investment management year end
review the trustees have agreed to conttnue this arrangement for 2025-2026.
anshl tr
Prior to l January 2023 an arrangement was in place for a three year term of office. Under this rolllng agreement Dr
W J E Southall was appointed chair on l January 2020 in succession to Mr R H S Marriott. The trustees subsequentlv
decided terms of office would in future be on a 2-year rolling ba515 Wlth effect frorn l January 2023 until further notice.
On l January 2025 Mr R H S Marriott was appointed chair in succession to Mr N R Cadbury.
Induction and training of new trustees
Any training needs are identified and arran8ements made on an individual basis once an appointment ha5 been made.
Key management remuneration
In the trustee5' opinion, the key management personnel of the charlty responsible for the dlrection, control, runnln8
and operation of the charSty on a day to day basis consists of the trustee body and the trust manager.
Ke
mana
ement
rs
nnel - trustees
All trustees give of their time freely and no trustee received remuneratton during the year.
Details of trustees, expense5 and any related party transactions are disclosed in note5 9 and 16 to the financial
statements.
Ke
nt
rsonnel trus
mana
er
The pay of the charity's Senior staff is reviewed annually and incorporates a cost of living increase in line with the RPI
index.
mana
em
Rlsk management
The trustees take a proactive approach to risk management and review and monitor financial and operational risks at
each meeting of the trustees through the use of a risk analysis matrix. The trustees are satisfied that appropriate
measures and effective systems are in place to mitigate those risks.
Fundrai5in8
The charity did not engage in any fundraising activities involving third parhes and member5 of the public to generate
charitable income during the years ended 5 Aprll 2025 and 5 April 2024.
The majority of the charity'5 income continue5 to be derived from the chority's investment portfolio.
Page 6

THE EOWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
REFERENCE AND ADMINISTrATIVE DEfAILS
Reglstered Charity number
1160334
Principal address
Woodbrooke
1046 Bristol Road
8irmin8ham
829 6U
Trustees
Mr R.H.S Marriott
Mrs H.S. Banks
Mr N.R. Cadbury
Mr W.B. Cadbury
Mr C.R. Glllett
Mr A.S. Littlebov
Dr W.J.E. Southall
Chair
Trust manager
Miss S. Anderson
Audltors
JW Hinks LLP
Chartered Accountants
and Statutory Auditors
19 Hi8hfield Road
Edgbaston
Blrmingham
815 3BH
Bankers
Lloyds Bank plc
25 High Street
Harborne
Birmingham
B179NP
CCLA Fund Managers Limited
One Angel Lane
London
EC4R 3AB
Investment advlsers
Quilter Cheviot Limited
Two Snowhill
Birmingham
B4 6GA
Savills Investment Management (UK) Ltd
33 Margaret Street
London
WIG OJD
Page 7

THE EDWARD CADBURY CHARITABLE TRUST
REPORT OF THE TRUSTEES
Foft THE YEAR ENDED S APRIL 20Z5
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financlal statements in actordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice)
including Financial Reporhng Standard 102 "The Financial Reporhng Standard applicable in the UK and Republic of
Ireland"
The law appllcable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations
2008 and the provislons of the trust deed requires the trustees to prepare financial statements for each financlal year
which give a true and fair vlew of the state of affairs of the charity and of the incoming resources and application of
resources, including the Income and expenditure, of the charity for that perlod. In preparing those financial statements,
the trustees are required to
select sultable accounting policies and then apply them conslstently,,
observe the methods and principles In the Charity SORP,.
rnake judgements and estimates thot are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements,.
prepare the financial statements on the 8oin8 concern basls unless it Is Inappropriate to presume that the charlty
will continue in bu5ine55.
The trustee5 are responsible for keeping proper accounting records which discI05e with reasonable accuracy at any time
the financial position of the charity and to enable them to ensure that the financial statements comply with the Charitie5
Act 2011, the Charity (Accounts and Reportsl 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
detection of fraud and other irregularitfes.
Approved by order of the board of trustees on 8 July 2025 and signed on its behalf bv..
Mr R H S Marriott- Trustee
Pa8e 8

REPORT OF THE INDEPENDENT AUDITORS TO THETRUSTEES OF
THE EOWARD CADBURY CHARITABLE TRUST
Oplnion
We have audited the financial statements of The Edward Cadbury Charitable Trust (the 'charity'l for the year ended
5 April 2025 which comprise the Statement of Financial Activities, the Balance sheet, the Cash Flow Statement and notes
to the financial statements, including a Summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United KingdDm Accounting Standard5 Iunited Kingdom
Generally Accepted Accounting Practice), includlng Flnancial Reporbng Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,.
In our opinion the financlal statements:
give a true and fair view of the state of the charlty's affairs as at S April 2025 and of its incoming resources and
application of resources. for the year then ended;
have been properly prepared In accordance wlth United Kingdom Generally Accepted Accounting Practice, includlng
Financlal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, and
have been prepared in accordance with the requirements of the Charlttes Act 2011.
Basls for oplnlon
We conducted our audit in accordance wlth International Standards on Audlting IUKI IISAS IU Kll and applicable law. Our
responsibilitfes under those Standards are further descrSbed In the Auditors, responsibilities for the audit of the financial
statements section of our report. We are independent of the charity in accordance with the ethlcal requlrements that
are relevant to our audit of the flnancial statements in the UK, including the FRC'5 Ethical Standard. and we have fulfilled
our other ethlcal re5ponsibilitie5 in accordance with these requirements. We believe that the audit evidence we have
obtained Is sufflclent and appropriate to provide a basis for our opinlon.
Conclu51ons relatln8 to Kolng concern
In auditing the financial staternents, we have concluded that the trustees, use of the going concern basis of occounting
In the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identffled any material uncertaintie5 relating to events or conditions
that, individually or collectively, may cast signiticont doubt on the charity's ability to continue as a going concern for
period of at least twelve months from when the flnanclal statements are authorised for issue.
Our responsibillties and the re5ponsiblllfjes of the trustees wlth respect to golng concern are descrlbed in the relevant
secttons of this report,
Other Inforniatlon
The trustees are responslble for the other information. The other informafjon comprises the Information included in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so. consider whether the other information is materially incon515tent with the financlal statements or our knowledge
obtained in the audit or otherwise appear5 to be materially misstated. If we identifv such material inconsistencies or
apparent material misstaternents, we are required to determine whether this gives rise to a material misstatement in
the financial statements themselves. If, b35ed on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE EDWARD CADBURY CHARITABLE TRUST
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following matters where the Charities IAccounts and Reports) Regulations
2008 requires us to report to you if, in our opinion..
the information given in the Report of the Trustees is inconsistent in any material respect with the financial
Statements,. or
sufficient accounting records have not been kept,. or
the financial Statements are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.
Responslbllitles of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responslble for the preparation
of the financial statements which sive a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of ftnanclal statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financSal statements, the trustees are responsible for assesslng the charlty's ability to conttnue as
golng concern, disclosin& as applicable, matters related to goin8 concern and using the going concern ba515 of
accounting unless the trustees either intend to liquidate the charity or to cease operattons. or have no realistic
alternative but to do so.
Our re5ponsibilltles for the audit of the financlal statements
We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act
and relevant regulation5 rnade or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to 155ue a Report of the Independent Audltors that includes
our opinion. Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Misstatements can arise from fraud
or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularlties, includlng fraud Is detailed below:
enquiring with rnanagement and others to galn an understanding of the or8anisatlon itself includSng
operations, financial reporhng and known fraud or error,.
evaluating and understanding the internal control system;
performing analytical'procedures as expected or unexpected variances in account balances or classes of
transacttons appear,.
te5tfng documentation supporting account balances or classes of transactSons,' and
confirming account5 receivable and other accounts with a third party.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularittes. includin8 those
leading to a material mi5Statement in the financial statement5 or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
statements. a5 we will be le55 likely to become aware of instances of non-compliance. The risk 15 a150 greater regarding
irregularities occurring due to fraud rather than error, a5 fraud involves intentional concealment, forgery, collusion,
omi55ion or misrepresentation.
Afurther description of our responsibilities for the audlt of the financial statements is located on the Financial Reporting
Council's website at www.frc.or8.uvauditorsrespon5ibilities. This description forms part of our Report of the
Independent Auditor5.
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE EDWARD CADBURY CHARITABLE TRUST
Use of our report
This report is made solely to the charity's trustees, as a body. in occordance with Part 4 of the Charities {Accounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those
matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted
by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body.
for our audit work, for this report. or for the opinions we have formed.
J W Hinks LLP
Chartered Accountants
and Statutory Auditors
19 Hi8hfveld Road
Edgbaston
Blrmingham
B15 38H
Date: 8 July 2025
Page 11

THE EDWARD CAOBURY CHARITABLE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR ThE YEAR ENDED 5 APRIL 2025
2025
Unrestricted
fund
2024
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment Income
Other income
1,644,908
1,519,162
16.LMJO
Total
1,644.908
1,535,162
EXPENDITURE ON
Raisin8 funds
188,359
174,655
Charitable actlvltles
Grants payable
Support C05t5
Governance costs
1.510,640
108,678
5.41JO
828,420
85,174
4,920
Total
1.813,077
1,093,169
Net gainslllos5e51 on investments
{1,921,497)
3,771,578
NET INCOME/{EXPENDITUREI
12.089,666)
4,213,571
RECONCILIATION OF FUNDS
Total funds brought fonvard
54,396,306
50,182,735
TOTAL FUNDS CARRIED FORWARD
52,306,640
54,396,306
The notes form part of these financial statements
Page 12

THE EDWARD CADBURY CHARITABLE TRUST
BALANCÉ SHEEr
S APRIL 2025
2025
Unrestricted
fund
2024
Total
funds
Notes
FIXED ASSETS
Investment5
12
50,387,054
52,495,367
CURRENT ASSETS
Debtors
Cash at bank
13
150,281
2,262.130
95,967
1,855,342
2,412,412
1,951,309
CREDITORS
Amount5 falling due wlthin one year
14
1492,8Z61
150.3701
CURRENT ASSErs
1,919,586
1.900,939
TOTAL ASSETS LE55 CURRENT LIABILITIE5
52,306,640
54,396,306
NEf AsS￿s
52.306,640
54,396,306
FUNDS
Unrestricted fund5
15
52,306,64Q
54,396,306
TOTAL FUNDS
52,306,640
54,396,306
The financial stotements were approved by the Board of Trustees and authorised for Issue on 8 July 2025 and were
518ned on Its behalf by:
MrR
Marriott - Trustee
The note5 form part of these financial 5tatement5
Page 13

THE EDWARD CADBURY CHARITABLE TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 5 APRIL 1015
2025
2024
Note5
Cash flows from operatlng actlvltles
Cash generated from operations
17
11,424,936)
11.031,0251
Net cash used in operating activities
{1,424,936)
11.031,0251
Cash flows from Investlni actlvittes
Purchase of fixed asset investments
Sale of fixed asset Investments
Interest received
Dividend5 recelved
17,618,538)
7,781,445
77,054
1,567,854
17,145,848)
7,741,153
43,208
1.475,954
Net cash provlded by investtng acdvlttes
1,807.815
2,114,467
Change In cash and cash equlvalents In the
reportin8 period
Cash and cash equlvalents at the be8lnnin8
of the reportlng perlod
382,879
1,083,442
2.328,965
1,245,523
Cash and cash equlvalents at the end of
the reportlng perlod
2,711,844
2,328,965
The notes form part of these financiol statements
Page 14

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
ACCOUNTING POUCIES
GENERAL INFORMATION AND BASIS OF PREPARING THE FINANCIAL STATEMENTS
General information
The Edward Cadbury Charitable Trust is a charitable incorporated organisation ICIOI registered with the Charity
Commission in England and Wales. The address of the charity'5 re81Stered office and principal place of busine55
is located at Woodbrooke, 1046 Bristol Road, Selly Oak, Birmingham, B29 6U.
Accouniln8 conventlon
The financial statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 "Accounting and Reporhng by Charities: Statement of
Recommended Practite applicable to charities preparing their accounts in accordance wlth the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (effective l January
20191" Financial Reporting Standard 102 'Yhe Financial Reporhng Standard appllcable in the UK and Republic
of Ireland" and the Charities Act 2011.
The financial statements have been prepared uslng the hlstoric cost convention as modified by the revaluation
of Investments and are presented in sterllng which Is the functional currency of the charity* rounded to the
nearest £1.
The significant accountlng pollcles applied in the preparation of these financlal statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.
INCOME
All income 15 recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
Is probable that the income will be received and the amount can be me05ured reliably.
Investment Income 15 earned through holding a55et5 for Investment purposes such as quoted investments.
Includes dividends and interest receivable.
Income from quoted investments Is recognised on an accruals basis at the time a dlvldend Is declared and the
quoted investment become ex.divldend.
Income from bank dep051ts Is accounted for on an accruals basis.
EXPENDITURE
All expenditure is accounted for on an accruals basis and ha5 been classified under headings that aggregate all
cost5 related to the category. Expendlture is recogni5ed where there is a legal or constructive obligation to
make payments to third parknes. it Is probable that the settlement will be required and the amount of the
obligatioll can be measured reliablv.
It is categorised under the following headings.
Costs of raising funds.
Expenditure on charitable activities.
Support costs are those that assist with the work of the charity but do not directly represent charitable activities
and include office costs, governance costs and other administrative costs.
Grants payable to third parties are within the charity'5 charitable objectives. Where unconditional grants are
offered, this is accrued as soon as the recipient is notified of the grant as this gives rise to a reasonable
expectation that the recipient will receive the grant. Where grants are conditional relating to performance
then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
Page 15
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5 APRIL 2025
ACCOUNTING POLICIES- continued
TAXATION
The charity is exempt f rom tax on its charltable activities.
INVESTMENTS
Investment assets whlch malnly comprise investments quoted on reco8nised stock exchanges are included at
market value at the balance sheet date.
Reallsed galns and losses on Investment disposals are computed by comparlng net sale proceeds with thelr
carrying value at the previous balance sheet date or cost If acquired durin8 the period under review.
Unrealised gains and losse5 on investments represent the difference between their carrying value and thelr mld-
market value at the balance sheet date.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents Include deposits held at call wlth banks and other thlrd parties.
OPERATING LEASES
Renta15 payable under operating leases are charged against income on a 5troight line basis over the period of
the lease.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
Contribvtions to the personal pension schemes of certain employees are charged to the Statement of Financial
Activities in the period in which they relate. The as5et5 of these personal pension schemes are held separatelv
from those of the charity in irbdependently administered funds.
EMPLOYEE BENEFITS
When employees have rendered 5ervSce to the charity, short-term employee benefit5 to which the employees
are entitled are recognised at the undlscounted amount expected to be paid in exchange for that service.
The cost of any unused hollday erbtitlement 55 recognised in the period In which the employee's service5 are
received.
Terrnination benelits are recogni5ed immediately as an expense when the charity is demonstrably committed to
terminate the employment of an employee or to provide termlnation benefits.
FINANCIAL INSTRUMENTS
The charity only has financial assets and Ilabilities of a kind that quallfy as basic financial instruments,
Basic flnancial instrument5 are initially recognised at transact(on value and subsequently measured at amortised
cost.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the trustees.
Restricted fund5 can only be used for particular restricted purposes Wlthin the objects of the charity. Restriction5
arise when specified by the donor or when fund5 ore raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the note5 to the financial statement5.
Page 16
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED S APRIL 2025
ACCOUNTING POUCIES- continued
GOING CONCERN
The trustees believe that it rernains appropriate for the financial statement5 to be prepared on a going concern
basi5 as the trustees believe that no material uncertaintie5 exist. The expected level of income and expenditure
15 5uflicient with the level of reserves for the charity to be able to continue as a golng concern.
The financial statements do not include any adjustments which would result from the basis of preparation being
Inappropriate.
FOREIGN EXCHANGE
Transactions in currencies other than pounds sterllng are recorded at the rates of exchange prevailing at the
dates of transactions. At each reporting end date monetary assets and liabllities that are denomlnated in
foreign currencies are retranslated at the rates prevailing on the reporhng end date. Gains and losses arisin8
on translation in the period are included in income and expenditure.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURces OF ESTIMATION UNCERTAINTY
In the appllcatton of the charity's accounttng policies, the trustees are required to make jud8ements, estfmates
and as5umpttons about the carrylng amount of assets and liabilities that are not readlly apparent from other
sources.
The estimates and underlying a55urnptions are reviewed on an ongoing bosis.
Revisions to accounting
estimates are reco8nised in the period In which the estimate is revised where the revision affect5 only that period
or in the perlod of the revision and future periods where the revision affect5 both current and future periods.
INVESTMENT INCOME
2025
2024
Quoted investments- dlvldends
Quoted investments- CPF
Short temi cash deposlt Interest
1,508,576
59,278
77,054
1,395.431
80,523
43,208
1,644,908
1,519,162
OTHER INCOME
2025
2024
Exceptional items
16,(KiO
Grant commltments
Exceptional items totalling £16,000 for the year ended 5 April 202412023: £1.LKJOI consisted of grant payable
commitments recognised as at 5 April 2023 which the charity was no longer committed to as at 5 April 2024.
No such exceptional items have been recognised by the charity In respect of the year ended 5 April 2025.
Page 17
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - cOn￿nUed
FOR THE YEAR ENDED 5 APRIL 1025
RAISING FUNDS
INVESTMENT MANAGEMENT COSTS
2025
2024
Investment managernent fees
188,359
174,655
CHARITABLE AcfiviTIES COSTS
Grant
funding of
activities
(see note
Support
costs (see
note 81
Totals
Grants payable
Support costs
Governance costs
1,510.640
1,510,640
108.678
5,400
108,678
5,400
1.510,640
114,078
1,624.718
GRANTS PAYABLE
2025
2024
Grant5 payable
1,510,640
828,420
Durlng the year ended 5 April 2025 the charity made the following grants in order to advance arts and culture,
community projects and integration, compassionate support, conservation and the environment, education and
tralning and research.
Total grants payable to in5￿tUtionS durin8 the year were as follows.
2025
2024
Arts and Culture
Armonico Consort
Barber Institute
British Glass Foundation
Create (Arts) Ltd
Escape Community Art in Action
Frozen Light
Grand Union
Midland5 Arts Centre IMAC)
Music Therapy Works
Newvic Theatre, Newcastle under Lyme
OHMI Trust
Orchestra of the Swan
Prince Henrys Evesham Art5
Ratby Co-operative Band
Shropshire Boakfest
3,000
400,000
5,000
3,000
4.000
3.000
3,000
4,000
3.000
4,000
3,000
3,000
3.000
5,OOQ
3,000
Balance carried forward
430.000
19,000
Page 18
continued..

THE EOWARO CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5 APRIL 2025
GRANTS PAYABLE - continued
2025
2024
Bolance brought forward
430.000
19,000
Shropshire Incluslve Dance
Soundabout
Sudden Productions
Plus 314 grants of le55 than £3,000
4,OlXI
3,000
3,000
4,000
5,000
mmunit Pro
ects and In
Ackers Adventure
Adfam National
Afro Innovation Groupi Lelcester
Age UK Blrrnin8ham
Albrighton Trust
All Salnts Actlon Network, Wolverhampton
All Salnt5 Church, Alrewa5
All Salnts Church, Trysul
Allens Cross
Anchor Youth
Azad Kashmir Welfare
Barrow Hill Community Trust
Base Sl
Base 25
1st Malvern Scout Group
Beacon Church, Watergate
Becomlng Families, Worcester
Bentley Volunteers
Bid Sernlces
Bilston Resource Centre
Birniingham Children's Cornmunity Venture
Birmingham Diaabllity Resource Centre
Black Country Net
Bournvllle Village frust (Money Advice Hub)
British Olsabled Angling Association
8roseley Group of Churches, All 5alnts
Buildwa5 Holy Trinlty Church
Cannon Street aaptist Church
Charlie Fogarty Foundation
Chetton and D15trict Parish Hall
Church Pastoral Aid Society ICPASI
Chuch Stretton URC
CoachBright Charitable Trust
Community Resource
Coventry Boys and Gilrs Club
Dad5 Lane Community
Deafworld
Debate Mate
ration
4,000
4,000
5,000
4,000
3,000
3,000
3,000
3,000
10,000
4,000
3,000
4.000
4,000
4,000
3,000
10,000
3,000
5,000
3,000
4,000
5,000
3.000
3,000
10,000
3,000
5,000
3,000
4,000
3,000
3,000
5,000
3,000
4,000
4,0(X)
3,000
3,000
3.000
6,000
Balance carried forward
550,000
77,000
Page 19
continued.

ThE EDWARD CAOBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 5 APRIL 2025
GRANTS PAYABLE- continued
2025
2024
Balance brought forward
550,000
77,000
Derby City Misslon
Derbyshire Community Healthcare
Edwards Marsh Centre
Elayos
Freedom Community Project
Friends of Spencer Park
Glngerbread Centre, Stoke-on-Trent
Gir15 Friendly Soclety
Good Gym
Harbury Village Library
Helplng Hands Cornmunlty Project
Holt Village Hall
Home-start Birmingham North-west
Home-start Newcastle
Home-5tart Tameside
Home-start Walsall
Hope Community Church
James Lloyd Almshouses
Kidderminster Baptist Church
King's Community Church Project
Lane5field Method15t Church, Wolverhampton
Leamington Hastings Parish Hall
Light House Coventry
Listenlng Books
Manna House, Tamworth
Manor Court Baptist Church, Nuneaton
Martineau Garden5
Middleton Hall Trust
NAYC Whitemoor Lakes
Newbigln Community Trust
Northfield Community Partnershlp
Norton Hall Children & Family Centre
Oasis Church IBirminghaml
Odell Trust, Kidderminster
Over the Wall Camp
PCC of St Nicholas Church, Dormston
PCC of St Mary & St John, Rothley
Perdiswell Young People's Lelsure
Plungar Parish
Potters House Church Erdington
Priory Community A550ciation
Pri50n Fellowshlp
Quaker Social Action
Quinborne Community A55ociation
5,000
3,000
4.000
3,000
3,000
5,000
5,000
4,000
5.000
5,000
3,000
5,000
3,000
3,000
3,000
3,000
5,000
10,000
3,000
3,000
5,000
2,000
3,000
3.0110
4,000
3.000
5,000
5,000
4,000
5.000
3.000
4,000
4,000
8,000
5,000
3.000
3,500
3,000
4,000
7,000
3,000
3,000
3,000
Balance carried forward
661,500
143.000
Page 20
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMÉNTS - contlnued
FOR THE YEAR ENDED 5 APRIL 2025
GRANTS PAYABLE- continued
2025
2024
Balance brought forward
661,51XI
143,000
Redeemer Church Birmingham
Saathi House
Sandwell Advocacy
Sandwell Churches Link
Sandwell Homeless and Resettlement Project
Shrewsbury Food Hub
Smethwick Church Action Network
Sollcitors Pro Bono Group
Solihull & District Hebrew Congregation
Sophie Hayes Foundation
Sport 4 Life UK
St Andrew's Church, Staffordshlre
St Andrew's Church, Westland5. Staffordshire
St Ann's Community Orchard
St Clement's Church.Worcester
St Editha's Church. Tamworth
St Giles RC Church, Cheadle
Stjames Church. Styvechale, Coventry
St James the Great Church, Staffordshire
St Joseph's, Upton
St John the Baptist RC Church, Alton
St Marttn's Village Hall
St Mary's Church, Ross-on-wye
St 05wald Asbourne PCC
St Peter's Hillfields, Coventry
St Peter's Church, Wellesbourne
St Rlchard's Castle
STAA
Steep Turnpike Church, Matlock
Stratford on Avon Narrowboat Trust
Tastelife UK
Telford Gurdwara Sevadaars (Volunteer51
The Lighthouse Christian Care Ministry
Thrive
TOCH
Upbeat Communlties
Urban Development Foundation
Volunteering Matters
Walk Ministrles
West Chadsmoor Family Centre
Whittington PCC on behalf of St Giles
Wigmore Vlllage Community Centre
Without Walls Christian Fellowship Lelcester
Worcestershire YMGq
4,000
5,000
3,000
3,000
4,000
4,000
3,000
4,000
5,000
4,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
4,000
5,000
3,000
5,000
3,OlXI
3,000
3,000
3,000
3.000
5,000
3,000
3,000
4,000
5.000
3.000
3.000
3,000
3,000
Balance carried forward
751,500
214,000
Page 21
continued..-

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED S APRIL 2025
GRANTS PAYABLE- continued
2025
2025
Balance brought forward
751.5110
214,000
Workin8 Act(vley to Change Hillfields
Yardley Great Trust Group
YMCA Black Country Group
YMCA Heart of England
Plus 9119 grants of le55 than £3,000
5,000
4.000
3,000
9.400
38,620
Conservatton and Environment
All Saints Church, Sandon
Birmingharn Conservation Trust
Blrmingham & 81ack Country WSldllfe Trust
8ournville Village Trust (Selly Manor Museum)
8ournvllle Village Trust (Lightmoor Squatters Cottages)
Cathedral Church St Mary/St Chad, Lichfield
Cleanup UK
Clean Rlver5 Trust
Delapre Abbey Preservation Trust
Frlends of Westonbirt Arboretum
Frlends Church of St John Baptist, Bromsgrove
Future Trees Trust
Good Soil Trust
Great Malvern Priory
Hartlebury Castle Preservatton Trust
Herefordshire Wildlife Trust
Oak Tree Farm Rural Project, Stone
Shropshire Wlldllfe Trust
St Paul's Church 'Ralse the Roof" Appeal
The Froglife Trust
Plus 015 8rant5 of less than £3,1
3,000
5,000
4.000
3,000
3,000
3,000
5,000
3,000
3.000
3.000
5,000
3,000
5,000
6,000
5,000
5,000
15,000
4,000
9.400
om
asslonate Su
ort
Acacia Family Support
Action for Pulmonary Fibrosis
AEDdonate
Alice IRelief of Poverty)
Anne Robson Trust
ARCOS
Aspie
Aurum Autism Support
Baby Godiva
Bags of Blessings Nottingham
8arnardos
Belong Maklng Justice Happen
Birmingham Care Group
Birmingham City Mission
3,000
3,000
5,000
3,000
5,000
3,000
5,000
3,000
4.000
4,000
3,000
3,000
10.000
4.000
4,000
4.000
8alance carried forward
866.900
329,020
Page 22
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 5 APRIL 2025
GRANTS PAYABLE- eontiDued
2025
2024
Balance brought forward
866.900
329.020
Birmingham H05plce
Birmingham Samarltans
Brain Tumour Support
British Heart Foundation
Canaan Trust
Care Workers Charlty
Carers Trust Heart of England
Castel Froma Neuro Care
Cerebral Pa15y Mld-staffs
Changing Faces
Child Brain Injury Trust
Chlldhood Eye Cancer Trust
Chlldren's Heart Foundatlon
Chris Westwood Charity for Children with Dlsablllttes
Coventry Boy5 and Girls Club
Coventry and Wèrwickshire MIND
Cranstoun
Crohn's and Colitis UK
Cystic Fibro515 Trust
Deafolind UK
Dentaid
Dog Assistance in Dlsabilitv
Douglas Macmillan Staffordshire
ECHO for Extra Choices In Herefordshire
Edge Minlstries
ERIC, Children's Bowel & Bladder Charity
Evesham & District Mental Health
Evie's Gift CIO
Family Action
Fight for Slght
Food for All
Gambling wlth Lives
Gilgal Birmingham
Go Beyond
Hall Green Churches Child Care
Headway North Staffordshire
Hearing Dogs for Deaf People
Hope's Children & Young Peoples
Hope House Children's Hosplce
Hope into Action.. Coventry
Hospice Charity Partnershlp
INSPIRE Foundation
Katharine House H05pice
Kicks Count
5,000
5,000
3,000
7,500
20,000
3,000
4,000
3,000
4,000
5,000
4,000
3,000
3,000
3,000
3,000
4,000
3,500
5,000
5,000
3,000
3.000
3,000
3,000
5,000
3,000
4,000
3,000
4,000
3,000
3.000
4,000
5,000
5,000
3,000
3.000
Balance carried forward
I,OZZ,500
385,020
Page 23
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTESTOTHE FINANCIAL STATEMENTS- Continued
FOR THE YEAR EhtDED 5 APRIL 2025
GRAt4TS PAYABLE - continued
2025
2024
Balance brought forward
1,022.500
385,020
Lord Leycester Hospital
Lupus
Macular Society
Magg5 Day Centre
Mary Stevens H05pice
Multtple Sclerosis Society
Muscular Dystrophy UK
Myton Hospices
National A550ciation for Speclal Educational Needs
Nightlife Outreach
NMC Midlands Imusclar Dystrophy Centrel
North Staffordshire Carers Associadon
Omega, National Assoclation for End of Life Care
Options for Life
Oracle Cancer Trust
Orthopaedic Institute
Ovacome
Oxford Hospitals Charity
Panahghar
Pancreatic Cancer UK
Peterborough Cathedral (Ukraine)
Plasma of Hope
Primr05e Hosplce
Queen Alexandra Charltv
Radford Care Group
REAcf Disaster Response
Re-engage
Recovery Foundatton
Relate Coventry and Warwickshire
Rethink Mental Illness
Safe Famllles
Samaritans Blrmingham
Samaritans Shrewsbury
Samaritans Stoke on Trent and Newcastle
Sensory People
Severn Freewheelers EVS
Shlrley Old People's Welfare (Elizabeth House)
Sight L0555 Shropshire
Spinal Muscular Atrophy
Spinal Muscular Dystrophy
St Basil'5
St George's House Charity
St John Ambulance
Stafford5hire Women's Aid
7,500
3,000
3,000
3,000
3,000
5,000
5,000
5,000
3,000
3,000
3,000
5.000
4,000
4,000
3,000
5,000
3,500
4,000
5,000
4,000
5,000
4,000
5.000
3,000
5,000
10,000
5,000
4,000
3,000
3,000
3,000
3.000
5,000
3,000
3,000
3,000
3,000
8,000
4,000
5.000
4,000
25,000
6.000
4,000
5,000
Balance carried forward
1,120,500
519,020
Page 24
continued...

THE EDWARD CAOBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED S APRIL 2025
GRANTS PAYABLE - conilnued
2025
2024
Balance brought forward
1,120,500
519,020
STAMMA
Teenage Cancer Trust
Telford Cri515 Support
Tommys
Tough Enough to Care
Walsall Society for the Blind
Worcester Samaritans
World Cancer Research Fund
Zoe's Place
Plus 10119 grants of less than £3,000
3,000
5,000
3,000
3,000
5,OlXI
5,000
12,9(10
31,450
Education and Trainln
Access Project
Alternatives to Vlolence
Anne Frank Trust UK
Beaude5ert Trust
Bournville Village Primary School
Breaklng Barriers
Breakthrough TID
Cash for Kid5
Changes Tamworth
Cllmbing Out
Dyslexia Association of Staffordshire
Farms for City Children
Flrst Give
Footprints
Foundation for Conductive Education
Frank Longford Charitable Trust
Friendship Project for Children
Gir15 Network
Give a Book
Green'5 Windmill Trust
Heartstart Malvern
Herefordshire Vennture
Home Farm Trust
House on the Corner Community Project
Howley Grange Scout Groupfft Halesowen
ITSA Digital Trust
Jamie'5 Farm
Jericho Foundation
Kingswood Trust
Kissing it Better
Level Water
Liveability
5,000
3.000
3,000
3,000
3,000
10,000
3,IXIO
3,000
4,000
4,000
5.000
5,000
7,500
3,000
5.000
3,000
10,000
3,000
3,000
5,000
5,000
5,000
5.000
4,740
3,000
Balance carried forward
1.245,640
615,470
Page 25
continued...

THE EDWAAO CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5 APRIL 2025
GRANTS PAYABLE - continued
2025
2024
Balance brought forward
1,245,640
615,470
Lunch on the Run
Maclntyre Care
Make Some Noise
Malvern Special Families
Malvern Unit 582 of the Sea Cadet5 Corps
Medaille Trust
Mentor Link
Meriden Adventure Playground Association
Mount Pleasant School Farm
Museum of Carpets
National Star College
North 5methwick Development Trust
Nothnghamshire County Scout Council
Options for Life
Over the Wall
Own Books
PCC St Peter and St Paul, Leominster
Panathlon Foundation
Peace Hub
Prisoners, Education Trust
QRBC Duke of Edinburgh Awards
Resources for Autism
Revive Healthy Living, Derbv
Rising Stars Youn8 People'5 Services
RJ Worklng CIO
Royal National College for the Blind
School of Artisan Food, Nottin8ham
Schoolreaders CIO
Schools Home Support
Scout Assoclafjon - Leominster
SENSE
Simply Llmltless
Sinfonia Vivo Derbv
Square Peg Acttvittes
Standing Tall
Street Teams
Sulted for success
The Bike Project
The Message Trust
Trailblazer5 Mentoring
Tutor5 United
Univer51ty Education
Victoria College Ltd
Warning Zone
3,000
3,000
3,000
3,000
4,000
3,OlXI
3,000
3,000
3,000
4,000
50,000
3,000
3,000
4.000
3.000
5,000
3,000
5,000
3,000
4,000
3,000
3,000
4.000
3,000
4,700
5,000
3,000
4,000
3,000
20.000
3,000
3,000
3,000
3.000
5.OLIO
3,000
5,000
3,000
3,000
3,000
5,000
3,000
5,000
5,000
Balance carried forward
1,404.640
684,170
Page 26
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 5 APRIL 2025
GRANTS PAYABLE- ¢ontinued
Z025
2024
Balance brought forward
1,404.640
684,170
Wildgoose Rural Training
Worcestershire YMCA
WyePlay
Yeoman Park Acaderny, Nottfnghamshire
You Can Flourish
Youn8 Solutions Worcestershire
Youn8 Sounds UK
Yss
Plus 512 grants of le55 than £3,000
8,000
4,000
3,000
3,000
4,000
5,000
3,000
5,000
3,500
10,000
Research
Action Medlcal Research
Aston Unlversity Medical School
Bone Cancer Research Trust
DE8RA
International Splnal Research Trust
Juvenile Diabetes Research Foundation
Plus 0/1 6rant of less than £3,000
4,000
50,000
5,000
10,000
5,000
4,000
750
5,000
Other
The Edward and Dorothy CadburyTrust
Bournvllle Vlllage Trust (Well Wlnter Campal8nl
Woodbrooke Bursaries
50,000
10,000
8.000
50,000
Total of 2661206 grants payable
1,510.640
828,420
SUPPORT COSTS
Informatton
technology
Governance
costs
Mana8ement
Finance
Tota15
Support costs
Governance costs
99.556
134
8,988
108,678
5,400
5,400
99,556
134
8.988
5,400
114.078
Page 27
continued.-.

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5 APRIL 2025
SUPPORTCOST5- continued
During the year ended 5 Aprll 2024 the charity recharged an amount totalling £15,77512024'. £18.6001 to the
Edward and Dorothy Cadbury Trust, a charity re815tered in England and Wales, for adminlstrative support
Incurred by the Edward Cadbury Charitable Trust on behalf of the Edward and Dorothy Cadbury Trust.
Support costs, included in the above, are as follows:
MANAGEMENT
2025
Support
costs
2024
Total
actlvlties
Wages
Social securlty
Penslons
Rent
Insurance
Telephone
Postage and stationery
Legal and professlonal
Sundrie5
Administration fee
73,857
3,937
6,449
13,688
7,364
1,130
2.541
2.838
3,527
{15,7751
64,484
6,449
6.419
6,975
1,014
1,229
1,365
118,600)
99,556
72,427
FINANCE
2025
Support
costs
2024
Total
activlties
Bank char8es
134
122
INFORMATION TECHNOLOGY
2025
Support
C05t5
2024
Total
activities
IT costs
8,988
12,625
Page 28
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTESTOTHE FINANCIAL STATEMENTS- Con￿n￿ed
FOR THE YEAR ENDED 5 APRIL 2025
SUPPORT COSTS- contlnued
GOVERNANCE COSTS
2025
Governance
costs
2024
Total
artivities
Auditor5, remuneration
Audltors, rernuneration for non audit work
4,620
780
4,200
720
5,400
4,920
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustee5' remuneration or other benefits for the year ended 5 Aprll 2025 nor for the year ended
5 April 2024.
TrUSTEES' EXPENSES
During the year ended S April 2025 trustees, expenses totalllng £75612024., £7381 were paid by the charity to
total of 6 tru5tees12024'. 61 for travel and other reimbursable costs incurred on charity busine5S.
io.
STAFF COSTS
2025
2024
Wages and 5alarles
Social security costs
Other penslon costs
73,857
3,937
6,449
64,484
2,644
6,449
84,243
73,577
The average monthly number of employees during the year was as follows:
2025
2024
Management
The number of employee5 whose annual remuneration was £60,000 or more was as follows.
2025
2024
£60,000- £70,000
£70,000 - £80,000
Page 29
continued...

THE EDWARD CAOBURY CHARITABLE TRusr
NOTES TO ThE FINANCIAL STATEMENTS- conllnued
Foft THE YEAR ENDED 5 APRIL 2025
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestrlcted
fund
INCOME AND ENDOWMENTS FROM
Investment income
Other income
1,519,162
16,(K)O
Total
1,535,162
EXPENDITURE ON
Raising funds
174.655
Charltable a¢tlvltles
Grants payable
Support costs
Governance costs
828,420
85,174
4,920
Total
1,093,169
Net gains on investment5
3,771.578
NEf INCOMe
4,213,571
RECONCILIATION OF FUNDS
Total funds brought forward
50,182,735
TOTAL FUNDS CARRIED FORWARD
54,396,306
Page 30
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- conllnued
FOR THE YEAR ENDED 5 APRIL 2025
12.
FIXED ASSET INVEsfMEKrs
2025
2024
Market value at 6 April 2024
Addlttons at C05t
Sale proceeds on d15P05al
Gain/l105sI in the year:
reali5ed and unrealised
52.021.744
48.845,471
7.618,538
7,175,848
17,781,545) 17,741,153)
11,921.497)
3,771,578
49.937.340
449,714
52,021,744
473,623
Cash on deposit as at S April 2025
Market value at 5 April 2025
$0,387,054
52,495,367
Hlstorlc cost at 5 Aprll 2025
45.570,226
44,635,970
ANALYSIS OF INVESTMENTS
2025
2024
UK gilts
UK quoted equitle5
Non-UK quoted equitie5 and bonds
UK quoted bonds
Cash
4,839,567
10,339,486
39,269,026
3,489,261
449,714
2.373,668
20,636,189
26,138,349
2,873,538
473,623
SO,387,054
52,495.367
No Indlvldual Investments In excess of 5% of the total portfollo value existed as at 5 Aprll 2025 and as at 5 Aprll
2024.
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other debtor5
150.282
95,967
Other debtors con51st of ex-divldends declared but not yet received as at the balance sheet date.
Page 31
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FIt4ANCIAL STATEMEt4TS - continued
FOR THE YEAR ENDED 5 APRIL 2025
CREDITORS: Amoumfs FALUNG DUE WITHIN ONE YEAR
2025
2024
Other creditors
492,826
50,370
15.
MOVEMENT IN FUNDS
Net
movement
in funds
At
5.4.25
At 6.4.24
Unrestrlcted funds
General fund
54,396,306
12,089,666)
52306,640
TOTAL FUNDS
54,396,306
2,089,666)
52,306,640
Net movement in fund5, Included in the above are as follows:
Incomln8
resource5
Resources
expended
Galns and
losses
Movement
in funds
Unrestflrted funds
General fund
1.644,908
11,813,077) 11,921.497) 12,089.666)
TOTAL FUNDS
1,644,908
11.813,0771
1,921,497) 12,089,666)
Comparatlves for movement In funds
Net
movement
in funds
At
5.4.24
At 6.4.23
Unrestrlrted funds
General fund
50,182,735
4,213,571
54,396,306
TOTAL FUNDS
50,182,735
4,213,571
54,396,306
Page 32
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 5 APRIL 2025
15.
MOVEMENT IN FUNDS- Continued
Comparatlve net movement In funds, included In the above are as follows:
Incoming
resources
Resource5
expended
Gains and
losses
Movement
In funds
Unrestrlcted funds
General fund
1,535,162
11,093,169)
3,771,578
4,213,571
TOTAL FUNDS
1,535,162
1,093,169)
3,771,578
4,213,571
A current year 12 months and prlor year 12 months combined posltlon Is as follows:
Net
movement
In funds
At
5.4.25
At 6.4.23
Unrestrlcted funds
General fund
50,182,735
2,123,905
52,306,640
TOTAL FUNDS
50,182,735
2,123,905
52,306.640
A current year 12 months and prioryear 12 months comblned net movement in funds, Included In the above are as follows:
Galns and
losses
Incomlng
resources
Resources
expended
Movement
in funds
Unrestrkt•d funds
General fund
3,180,070
12,906,246)
1,850,081
2,123,905
TOTAL FUNDS
3,180.070
12.906,2461
1,850,081
2,123,905
Purpose of Unrestrlcted Funds
General
und-Ex
endable Endowment f nd
Thls fund represents fund5 avallable to be expended at the dlscretion of the trustees in the furtherance of the objects of the
charlty.
Page 33
contlnued...

ThE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 5 APRIL2025
16.
RELATED PARTY DISCLOSURE5
Key management remuneratlon
In addltion to them5elve5 the trustees conslder the charity'5 key management personnel to also include the trust manager who
ha5 responsibility for plannin8 and controlllng the actlvltles of the charity.
The total compensatlon pald to key management personnel for servlces provlded to the charity durlng the year ended 5 Aprll
2025 was £73,85712024.' £64.484).
The charity also made payments Into a money purchase pen51on scheme for the beneflt of Its employee durlng the year ended 5
April 2025 amounting to £6,44912024: £6,449}.
Bournvllle Vllla8e Trust
Mr N.R. Cadbury, a trustee of the Edward Cadbury Charltable Trust, also served as a trustee of the Bournvllle Village Trust, a
charity reglstered in England and Wales, during the year ended 5 Aprll 2025 and whose term of office was completed in
December 2024.
The following transactlons occurred between the Edward Cadbury Charitable Trust and the Bournvllle Village Trust durln8 the
year ended 5 April 2025.
Gran
During the year ended 5 Aprll 2024 the Edward Cadbury Charitable Trust awarded grants totallln8 £I3,l￿(2O24. £13,000) to the
Bournville Vlllage Trust.
offi
eren
During the year ended 5 Aprll 2025 the Edward Cadbury Charltable Trust paid office rent totalling £8,25312024: £nill to the
Bournville Vlllage Trust.
The Edward and Dorothy Cadbury Trust
The trust manager of the Edward Cadbury Charltable Trust also serves as the trust manager and clerk ofthe Edward and Dorothy
Cadbury Trust, a charity reglstered In England and Wales whlch shares simllar alms and objectives to those of the Edward
Cadbury Charltable Trust.
Durlng the year ended 5 Aprll 2025 Mrs J E Glllett contlnued to serve as a trustee of the Edward and Dorothy Cadbury Trust and
her husband, Mr C R Glllett, contlnued to serve as a trustee of the Edward Cadbury Charitable Trust. Both charlties share slmllar
aims and objectives.
In addition, during the year ended S Aprll 2025 Mrs J A Cadbury continued to serve as a trustee of the Edward and Dorothy
Cadbury Trust and her husband, Mr N R Cadbury. and son, Mr W B Cadbury, continued to serve as trustee5 of the Edward
Cadbury Charltable Trust.
The following transactions occurred between the Edward Cadbury Charltable Trust and the Edward and Dorothy Cadbury Trust
during the year ended 5 April 2025.
Grants
able
During the year ended 5 Aprll 2025 the Edward Cadbury Charltable Trust awarded a grant totalllng £S0,00012024: £50.0001 to
the Edward and Dorothy Cadbury Trust.
Page 34
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 5 APRIL 2025
16.
RELATED PARTY DISCLOSURES. contlnued
Administratlve su
ort char
Durlng the year ended S Aprll 2025 the charlty recharged an amount toLillin8 £15,77512024'. £18,600) to the Edward and
Dorothy Cadbury Trust for admlnlstratlve support and other servlces incurred by the Edward Cadbury Charitable Trust on behalf
ofthe Edward and Dorothy Cadbury Trust.
17.
RECONCIUATION OF NET IEXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIE5
2025
2024
Net {expendlturel￿ncorne for the reportln8 perlod (as per the Ststement of
Flnandal A¢tlvltlesl
Adjustments for:
Losses/l8aln} on Investments
Interest recelved
Dlvldends recelved
Ilncreasel/decrease In debtors
Increase In credltors
12,089.666)
4,213,571
1,921,497
(77,054)
11,567.854)
{54,315)
13,771,578)
143,2081
11,475,954)
44,274
1.870
Net cash used In operatlans
1,424,936)
11,031,025)
ANALYSIS OF CHANGES IN NET FUNDS
At 6.4,24
Cash flow
At 5.4.Z5
Net cash
Cash at bank
1855 342
406,788
2,262.130
1,855,34Z
406,788
2,262,130
Total
1,855.342
406.788
2,262 130
Page 35
continued...

THE EDWARD CADBURY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 5 APRIL 2025
19.
OPERATING LEASE COMMITMEKrs
At 5 April 2025 the charity had outstanding commltments for future minimum lease payments under non-cancellable operating
leases whlch fall due as follows.
2025
2024
Wlthln onè year
Between two and flve years
In more than flve years
9.000
30,000
39.01)0
Page 36