DoGUSign Envelope ID." s033F21￿706492B.e80¥DC9l7EsDBI42
THE RUSSELL KIN TRUST
Registered Charty Number 1164503
Financial Statements and Trustees Report foryear ended 5th April 2024
PENNINGTONS
MANCHES
COOPER
Bottle Works, The Bars
Guildford
Surrey
GU14LP
Tel.. 01483 791800
Fax. 01483 424177
Our Ref 37024391APMILZD

DoGUSign Envelope ID." s033F21￿706492B.e80¥DC9l7EsDBI42
THE RUSSELL KIN TRUST (registered charty no.: 11645031
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 5 April 2024
Item
Page
Charity Information
Trustees, Report
Examiner's Report
Receipts and Payments Account
statement of Assets and Liabilities
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THE RUSSELL KIN TRUST (registered charity no.: 1164503}
LEGAL & ADMINISTRATIVE INFORMATION as at 5 April 2024
GOVERNING INSTRUMENT:
The Trust was established by Mrs D M Russell by Trust Deed
on 18 May2015.
CHARITY REGISTRATION NO:
1164503
CURRENT TRUSTEES:
Mr D G Russell
Mrs L Dadswell
Mr S Russell
Mrs T l Russell
PRINCIPAL ADDRESS FOR
CORRESPONDENCE:
Penningtons Manches Cooper LLP
Bottle Works, The Bars
Guildford
Surrey
GU1 4LP
SOLICITORS & ACCOUNTANTS: Penningtons Manches Cooper LLP
Bottle Works, The Bars
Guildford
Surrey
GU1 4LP
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DoGUSign Envelope ID." s033F21￿706492B.e80¥DC9l7EsDBI42
THE RUSSELL KIN TRUST (registered charity no.: 1164503}
TRUSTEES. ANNUAL REPORT for the year ended 5 April 2024
Specific Investment Powers
The Trustees powers include full discretionary powers to make grants. They also have full
discretionary Flower to make investments.
Appointment of New Trustees
The current Trustees have power to appoint new Iruslees
Objects of the Charity
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income,
and all or such part or parts of the capital, at such lime or times and in such manner lo, or for the
benefit of, such exclusively charitable objects and purposes in any part of the world as the
Trustees may in their discretion think fil.
The Trustees may in their discretion, for the period of 21 years from 18 May 2015, instead of
applying the income of the Charity in any year, accumulate all or any part of such income by
investing the same, and the resulting income, in any investments aulhorised by the Trust Deed or
by law as an accretion lo and as part of the capital of the Charity, without prejudice to their right to
apply the whole or any part of such accumulated income in any subsequent year as if the same
were income of the Charity arising in the then current year.
Future Plans of the Charity
Future plans of the Charity are to continue its grant making acbvilies.
Oryanisational structure and decision making process of the Charity
The Trustees will make grants normally after discussion and agreement at annual meetings.
Investment policy and the performance achieved against the policy
It is intended that the real value of assets should be maintained and enhanced over the long term
by investing in portfolios comprising equities, fixed income stocks, other slruclured products and
cash. The Trustees have instructed Sarasin & Partners linveslmenl managers) to implement their
investment policy.
Review of the development. activities and achievements of the Charity during the year
Al the end of the period to 5 April 2024 the Trust had cash balances of £17,49012023'. £29,207)
and nel outgoing resources of £11,71712023". incoming £21,3211. 11 also held investments with a
book value of £1,055,090 12024. £1,055,090 1 and a market value of £1,135,267 12023..
£1,064,020). In the year, grants tolalling £40,53612023". £30,727) have been made, in furtherance
of the charity's objectives.
Regard for publlc beneflt
The Trustees have had due regard to the guidance published by the Charity Commission on public
benefit and to that end have made grants to varied charitable organisations within the charity's
charitable objects.
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THE RUSSELL KIN TRUST (registered charity no.: 1164503}
TRUSTEES. ANNUAL REPORT for the year ended 5 April 2024
Grants Paid
Helen Arkell Dyslexia Charity
Scene and Heard Charity
A pla￿ lo Be
Phyllis Tuckwell Memorial Hospice Ltd
Disability Challengers
Frensham Pond Sailabilty
Let's Get Together
9,536
5,000
6,000
5,000
5,000
5,000
5,000
40,536
Reserves Policy
The Trustees have no ongoing requirement to maintain reserves other than for ongoing
administrative expenditure commitments. Investments will be maintained to ensure that the level
of income is sufficient to cover any grants payable during future years. The Trustees are satisfied
reserves are maintained at appropriate levels.
Risk Management
The Trust has no operational risks. Its risks are related lo investment strategy and it will guard
against those risks by ensuring, with advice from ils investment managers, a reasonable
diversification on inveslmenls.
Commentary on Accounts
The Trustees are satisfied with the performance of the Trust, the results for the year and the
situats'on al the year-end. The Accounts comply with current statutory requirements and with the
Trust Deed.
Relationship with other charities
There is no relationship with any other general grant making charitable organisalions.
LwLt OdwL(L
Signed..
Mrs L Dadswell, Trustee
27 March 2025
Date..
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THE RUSSELL KIN TRUST (registered charity no. 1164503)
Independent Examiners Report
Year ended 5 April 2024
I report to the trustees on my examination of the financial statements of the Russell Kin Trust I'the
charity'l for the year ended 5 April 2024.
Responsibilities and basis of report
As the trustees of the company you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Trustee's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the 2011 Act.
Independent examlner's ststement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
ccounting 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
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 understandinB of the
accounts to be reached.
Steve Foster, FCCA
Shipleys LLP
Chartered Accountants
5 Godalming Business Centre
Godalming
Surrey, GU7 IXW
Date=
27 March 202 5
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THE RUSSELL KIN TRUST Iregistered ¢harity no.= 11645031
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended S Aprll 2024
2024
2024
Unrestricted Endowment
fund
fund-
2024
2023
2023
Unrestricted Endowment
fund
fund-
2024
Totsl
Total
Receipts
Investsnent income
Unit trust dividends
Bank Interest
Expendable &ndoMment fund legacy
31.780
1.120
31,780
1,120
17.324
1,106
17.324
1,106
738.567
756,997
738.567
738.567
32.900
32,900
18.430
Asset and Investment sales
Sale of donated legacy investments re￿IVed in year
sa￿ of other investments
261,376
23,318
284,694
261,376
23,318
284,694
Total receipts
32,900
32,900
18,430
1,023,261
1,041,691
Payments
Grants paid
Legal & professional fees
Bank fees
Portfolio management fees
40.536
3,851
10
220
44,617
40,536
3,851
10
220
44,617
30.727
8,348
30.727
8,348
401
39,476
401
39,476
Asset and Investment purchases
Purchas8 of inv88tm8nts
980.895
980.895
980 895
980.895
Total payments
44.617
44,617
39.476
980,895
1,020.371
Net recelptsllpaymentsl for year
111.7171
121,0481
42,366
21,320
Transfers between funds
11,717
21,046
121,0461
Cash and bank balancès at 6 April 2023
7,887
21,320
29,207
7,887
7,887
Cash and bank balances at S Aprll 2024
7.887
9.603
17,490
7.887
21.320
29,207
Endowment fund is an expendable lunrestrictedl endowment
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DoGUSign Envelope ID." s033F21￿706492B.e80¥DC9l7EsDBI42
THE RUSSELL KIN TRUST Ireglstered charlty no.: 1164503
STATEMENT OF ASSETS AND UABILITIES AS AT 5th April 2024
2024
2024
un￿strICted Endowment
fund
fund"
2024
2023
2023
un￿strICted Endowment
fund
fund"
2024
Total
Total
Cash Funds
Cash and bank balances..
HSBC
Sarasin & Partners
3.685
4.202
3.685
25.522
7,886
9,603
17.489
21,320
7,887
9,603
17,490
7,887
21,320
29,207
Investment assets
Managed investments at Sarasin Ibook value)
1,055,090
1.055,090
1,055,090
1,055,090
Investments at matk8t value
1,135,267
1,135,267
1,064,020
1,064,020
Endowment fund is an exp8ndabl& lunrestrict8dl endowm8nt
DdwdL
Signed".
Mrs L D8d5well, Tiustee
27 March 2025
Date..
Page 8