2025-04-05-accounts

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST Registered Charty Number 1164503 Financial Statements and Trustees Report foryear ended 5th April 2025 PENNINGTONS MANCHES COOPER Bottle Works, The Bars Guildford Surrey GU14LP Tel.. [phone] Fax. [phone] Our Ref 37024391APMILZD

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST (registered charty no.: 11645031 CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 5 April 2025 Item Page Charity Information Trustees, Report Examiner's Report Receipts and Payments Account statement of Assets and Liabilities Page 2

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST (registered charity no.: 1164503} LEGAL & ADMINISTRATIVE INFORMATION as at 5 April 2025 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 Page 3

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST (registered charity no.: 1164503} TRUSTEES. ANNUAL REPORT for the year ended 5 April 2025 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 2025 the Trust had cash balances of £11,86312024'. £17,490) and net outgoing resources of £5,627 12024.. outgoing £11,7171. 11 also held investments with a book value of £1,048,942 {2024'. £1,055,090) and a market value of £1,106,284 12024.. £1, 135,2671. In the year, grants tolalling £39,55012024." £40,536) 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. Page 4

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST (registered charity no.: 1164503} TRUSTEES. ANNUAL REPORT for the year ended 5 April 2025 Grants Paid Frensham Pond Sailability Oakleaf Enterprise A pla￿ lo Be CIO Phyllis Tuckwell Memorial Hospice Ltd GASP Motor Project The Include Project Mind over Cancer 5,000 4,000 6,000 10,000 4,500 4,000 6,050 39,550 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. s￿n￿by.. Signed.. Mrs L Dadswell, Trustee 41212026 op￿CE0F(D¢B1SA Date.. Page 5

Independent Examiners Report Year ended 5 April 2025

I report to the trustees on my examination of the financial statements of the Russell Kin Trust ('the charity') for the year ended 5 April 2025.

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.

2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. 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 understanding of the accounts to be reached.

Steve Foster, FCCA Moore Kingston Smith LLP 5 Godalming Business Centre Godalming Surrey, GU7 1XW

Date:

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST Iregistered ¢harity no.= 11645031 RECEIPTS AND PAYMENTS ACCOUNT for the year ended S Aprll 2025 2025 2025 Unrestricted Endowment fund fund- 2025 2024 2024 Unrestricted Endowment fund fund- 2024 Totsl Total Receipts Investsnent income Unit trust dividends Bank Interest Expendable &ndoMment fund legacy 31.874 599 31.874 599 31.780 1,120 31.780 1,120 32.473 32,473 32.900 32.900 Asset and Investment sales sa￿ of other Investments 7,151 7.151 7,151 7,151 Total recelpts 32.473 7.151 39,624 32.900 32.900 Payments Grants paid Leg81 & prof8ssional fe8S Bank fees Portfolio rnanagement fees 39.550 5.584 39,550 5.584 40,536 3.851 10 220 44.617 40,536 3.851 10 220 44.617 117 45.251 117 45,251 Asset and investment purchases Purchase ol Investments Total payments 45,251 45,251 44,617 44.617 Net r8ceiptsllpaymentsl for year 112.7781 7,151 15,6271 111,7171 Transfer8 between fund8 12.778 112.7781 11.717 Ca$h and bank balan¢e8 at 6 April 2024 7.887 9.603 17.490 7.887 21.320 29.207 Cash and bank balances at 6 April 2026 7,887 3,976 11,863 7,887 9,603 17,490 Endowment fund 15 8n 8XP8ndab18 lunr85trict8dl 8ndowment Page 7

DoGUSign Envelope ID". C82DDE23-E9AD4DBAAF92_7AE94A45FE12 THE RUSSELL KIN TRUST Ireglstered charlty no.: 1164503 STATEMENT OF ASSETS AND UABILITIES AS AT 5th April 2025 2025 2025 un￿strICted Endowment fund fund" 2025 2024 2024 un￿strICted Endowment fund fund" 2024 Total Total Cash Funds Cash and bank balances.. Penningtons Manches Cooper LLP Sarasin & Partners 7,887 3,976 11.863 7,886 9,603 17.489 7,887 3,976 11,863 7,887 9,603 17,490 Investment assets Managed investments at Sarasin Ibook value) 1,048,942 1.048,942 1,055,090 1,055,090 Investments at matk8t value 1,106,284 1,106,284 1,135,267 1,135,267 Endowment fund is an exp8ndabl& lunrestrict8dl endowm8nt S*n•d by.. Signed". 4086CE(EODC84SII Mrs L D8d5well, Tiustee 4/Z/Z026 Date.. Page 8