IM irwinmitchell
THE IAN M FOULERTON CHARITABLE TRU8
EDC
ANC
ALS
ATE
ENTS
IRéf.. 4613QS471

AN
FOULERTON CHARITABLE
REGISTERED CHA
164969
Content8 to Flhanclal Statement8 for the
eare
5 A rll 2025
Annual ReN)rt of th6 Trustees
Indyndent Examine¢s Report
Balan￿ Sheel
statement of Flnancbl Activities
7-12
Noles to FIn8n￿￿4 Statements
13-20
Schedule of Inve8tm$nts

ANNUAL REPORT OF THE TRUSTEES
For tha yèar 8nd8d 5th Aprll 2025
Full name of Charlty:
The lan M Foulerton Gharilable Trust
Nature of governing documont".
Will of lan ThAichael Foulerton dated 4 Dacember 2009
Règistration Numbèy..
1164969
Tru8te&8:
John Francis McEvoy
Duncan Bernard O'K6lly
Thomas Eggai Trust Corporallon Ltd
Directors of Thomas Eggar Trust Corporation Ltd:
Paula Caryn James
Naomi Neville (appointed 29 October 20251
Darran Fawceti
Sarah Phillips
Caroline Shelton
James Pavey
Michael Taylor
Reglstered Addr￿8.,
Thomas Eggar Hguse, Friary Lane, Chichester, West Sussex.
P019 IUF
Banker..
Barclays Bank Plc. 74-75 East Stre81. Chichester,
Wesl Sussex. P019 1HR
Solloltors:
Irwin Mitchell LLP, Thomas Eggar House,
Friary Lan8, Chich$sler, West Sussex, P019 1 UF
Indèpendènt Examlners:
Carpenter Box, Chartered Accounlanls.
Plper House. 4 Duke Court. Bognor Road, Chlchesler, Wesl
Sussex, P019 8FX
Investment Manag8r8'.
Alomos Llmiled,
st Johns Street, Chichester, W6sl Suss8x,
P019 1UP
Operatlng Restrlctlons:
Charitable oblecls accordlng to the Law of England
Speclflc Investment power8:
de unreslricled powers giv8n to th& Trusl88s in
the Wll dated 4 December 2009
GA.. 5257352 1

Oblecls of the charlty
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the inwme and all
or such part or parts of the capital al such lime or limes 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 Ihelr discretion
think fil or lowa¥ds
{al The pr6s8Nalion conbervalion protection and resloralion for the public benefit of
any building or buildings of historic archileclural or artistic or Scientif￿ interest and
Importance including any ancillary land and buildings which are vested in olhers or
in respect ol which the Charity shall have any interest or which shall or may al any
lime be vested in Ihe Charity
(bl The preservation protection Conservation and resloralion for the public benefit of
811 furniture piclures historic records books manuscripts munimenls armour
porcelain S[￿er and gold objects d'art and other items of historic artistic or scientific
Interest assoclated wllh or dlsplayed In any such building or buildings
Ic} The advancemenl of the education of the public ill buildings and anciHary land and
items ol historic archileclural artistic or scienlif1c interest through the O￿allOn
maintenance and funding of grants bursaries scholarships and prizes for
educational and research purposes and lo increas& ihe public's knowledge
appreciation and enjoyment of such buildings land and items
Organlsatlon
The Trustees who served during the year and since the year end are sel out on page 1. The Trustees
mel durlng thts year lo consider th6 future of the Trust. The slalulory power of appointment applies in
connection wllh the appointment of Trustees and is exercisable by the continuing and retiring Trustees.
Grant maklng pollcles and actlvllles
The capital and income of the Trust is to providè only lor th8 assistance or provisk)n of funds as detailed
in the Wll ol lan M Foulerton d8led 4 December 2009. The Trustees have paid due regard lo guidance
Issued by the Charity CommiSs￿n in deciding what activities the Trust should undertake.
Achlevèmènts and performance
During Ihe year the trust made 25 {2024.. 131 donalion8 tolalling £107,31512024'. £123,000).
Flnanclal rèvlew and Investmont pollcy
There are no restrictions on the charity's power to invest. The investment strategy is sel by the Iruslees
for a period of five years and lakes account of demand for funds. The Iruslaes ￿nsider the in¢om6
requlremenls, the Yisk profile and the investment manager's view of the market prospects in the medium
term. This strategy is sel within an overall policy whlch siales that the fund Is lo be invested In moderata
risk investments with a view lo ensuring that capital apprecialltsn of the fur)d exceeds inllallon over each
rive ye8r period. The funds may b& invested in any type of investment. Our strategy is reviewed with our
investment managers annually.
During the year incoming restsuices totalled £53,294.8fj12024- £55,880.72), resources expended lolalled
£136,652.75 12024 - £150,185.06), and other recognised losses lolalled £10,290.93, 12024
galn
£44.114.981. As a result the fund balance carried forward al 5 Aprll 2025 was £1,347,676.77 {2024
£1,441.325.641.
The Trustees confirm that they dld not receivo any remuneration during the year, nor were they
reimbursed for any expenses.
Resorves poll¢y '
11 is the poI￿Y of the charity lo maintain unreslricled funds, which are the free reserves ol the ¢harity, al
a level which equates lo approximately six months expenditure. This provides sufficient funds lo cover
management and 8dminislralion and support costs and lo respond lo emergency applicalions for granis
whlch may arlse. Ut)reslricled funds were maintained al this lev61 throughout the year.
GA.. 525735LI

Rlsk management .
The Iruslees have examined the Major slralegic, business and tsperalional risks which the charity faces
and confirm that systems have been established lo enable regular reports lo be prodijced so that the
necessary steps can be taken to lessen these risks.
Trustees, responslbllltles In r&latlon to tho flnanclal statemenls
Law applicable lo charllles In England and Wales requires the Iruslees lo prepare financial statements
for each financial year which give a true and fair view of the charity's financial aclivllies during the year
and of ils financial position al the end of thè year. In prepaying those financial statements, the Irltslees
are required lo..
select suitsble accounting wlicles and then apply them consislenlly.,
observe thè methods and prlnciples In the Charllies SORP.,
slate whether applicable accounting slandards and slalemenls of recommended pr8cll¢e have
been followed subject lo any departurès digclosed and explained in the financial slalemenls., and
prepare the financi41 sl8lem8nts on the going concern basis unless it is inapprowiale lo p￿sume
that the charity will continue in business.
The Iruslees are responsible for keeping accounting records wh￿h disclose with reasonable accuracy at
any lime the financial position of the charity and erbable them lo ensure that the fin8ncial slalemenls
comply wilh the Charities Act 2011. They are also responsiblè for safèguardlng the assets of the charity
and hence for taking rèasonable steps for the prevention and deleclion of fraud 2nd other irregularities.
Th¢ Trusleos confirm that the accounts comply with Ihe governing document.
The stalulory power of appointment applies In connection with th6 appointment of Trustees and is
gxercisable by the continuing and retiring Trustees.
The Truslees report was approved by the Board of Trustees
Dated.
Director
For and on behalf ol
Thomas Eggar Trust Corporation Ltd
GA.. 525735LI

Page 4
THE IAN M FOULERTON CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE IAN M FOULERTON CHARITABLE TRUST
I retx)rt lo Iho lius1888 on wy examln811on of the fin8ncl81 stslgmgn18 Of Th& lan M Foulerton Ch8rilab10
Trusl lthÉ charllyl lor the year ended 5 Aprfl 2025.
Responslblllt188 and basls of report
A6 the irustees ol the charity you are responslble f¢Y the preparallon ol the financial sialemenls in
accordanee with the requirements of the Chariiles Act 2011 Ilhe 2011 Aeti.
I raport h respect of my examlnatlon of Ihe charlty's finaneial statements carrled out under sectlon 145
of the 2011 Act. In cairying oul my ex8mlnatlon I have followed All Ihe appllcttble Dlrecllons given by
th9 Charity Commi$8ion under seclion 14515llbl ol the 2011 Act.
Independent examlne¢s statement
I have cornpleted my ex&mlnallon. l eonfirm Ihal no mallers have come to my attention In connecllon
with the examlnatlon glvlng me rause to belleve Ihal kn any malerial iesped..
awounlin9 recotds weie not kept in respect of Ihe charily as required by secllon 130 01 the 2011
Act., or
thè finonclal slalements do not accord wlh those records- or
the f1nallcFal statemenls do not comply Mlh the applic&ble requlr8ments c¢)ncernlng Iho lomi
and content of accounts 8el out in the Charities IA¢coun18 and Reports) Regulations 2008 other tha
any requiceingnl that th8 a¢￿UnIS give a Iru8 and fair vi8w which 18 not a maller con8idered 8s part
of an Independent bxamlnatltsn.
I have no ￿nCernS and have come across no otheT rnatler8 in connection wth the examination to
whKh allenlion should be drawn in this report in older to enable a proper undeislanding of the finanoal
sl&lements lo be reached.
Claire Norwood BS¢ FCA ATII
Carpenler Box
Piper House
4 Dukes Court
Bognor Road
Chlehester
Wèsl Sussex
P019 8FX
0310212026
Doled:..................,.........................

UL
TO
Flxed A*#gts
Inv8slmertSgtvglu
1.33e.296.71
1,406,%35￿8
c￿rr•nIA9$*l&
D#biO
682.40
8.B29.23
Cash
44.5￿.29
45.212.6è
29 563.34
38,992.57
L14blliU8sf81ing d￿v￿￿4Th 12months
83 83fj.63
3,20&61
ieyrrgnlAs6ql8
YoialAg*•i41091 CiiNènt 114tsllltleJ
11,391.08
1 347.67S.77
35 188.96
1.441.525.64
BJlaAt• as at&4.25
1 ts47 676.77
1.441.325.e4
The ffllAndg1•￿bm$nl$w￿r89Pp[OYed byiho tsusiee8 on
.ifid $ionèd¢)n thdlr b¢haU by
Th(￿4$ EgggrTn￿I cor￿r¥I0￿ Lid
Tlkg nole¥oD pag4$7-12 ftsrm pirtOYthg*È at￿￿￿ttl.

PAY6
AR
TABL
Yearended
lii¢oMino Re8oiir£ès
atoss invesknanllllcome
.294.81
65.880.72
Totsl Resou￿*
53.294.81
55.e80.72
R•*our¢+* •xp*nd•
Chalk￿b￿￿11v￿18$
{140.832,001
Coyt¢l##nerGiing lunds
lttve5tmert mafiagementrA)8t#
{13B.e52.751
(150.185.081
Il£t{Lo88e&yGalii4 on Iwoatsxgnt6
Reall8￿¢81n$￿￿)S$8y1on bolèof Inve$trn¢r*$
un￿￿￿￿ed{￿sgÈ8iIgaIA>orI lhvea￿¢￿t9
N41 Ino¥¢mAnl
6.286.31
PI.510.481
75,625.44
(50.189.J6)
Fynd ￿hlI￿￿￿rd
1,441,326.64
Fuiid balaiice¢arA£d foNiord 5.4,26
1 347,676.77
1 441.325.64
Nona41th&ChèdV$ dth4ib&8wèf¢ Ac4ulr¢d ord18c￿tInu& dudng thlsf15¢91p8dod.
The Chadlyha5 nor¢cogI￿sed 9altbsorlossè$ Othèrthall thts>ède￿lV￿th lftihè
siat4m•Mof FIngne1￿ A¢UvkléÈ.
The noleson P5￿5 7-12101rn ￿rt01th￿￿￿c￿fi1￿.

Page 7
THE IAN M FOULERTON CHARITABLE TRUST
REGISTERED CHARITY NO. 1164969
Notes to the Accounts for the
ear ended Sth A rll 2025
1 ACCOUNTING POLICIES
The lan M Foulerton Charitable Trust is an unincorporated Charity, registered with the Charity
Commission number 1164969. The registered address is
Thomas Eggar House, Friary Lane, Chichester, Wesl Sussex. P019 1 UF
1.1 ACCOUNTING CONVENTION
The financlal statements have been prepared In accordance wllh Charllles Act 2011 and "Accounting
and Reporting by Charllies.. St21emenl of Recommended Practice applicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic ol
Ireland {FRS 102) 18s amended for accounting periods commencing from 1 January 20191. The charity
18 a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which Is the functional currency of the chaiily.
The accounts have been prepaTed on the historical cost convenliorb modified for the revaluation of
inveslments. The prinapal accounling policies adopted are set out below.
1.2 GOING CONCERN
Al the Ilme of approving Ihe accounts, the Iruslees h8ve reasonable expgolalion that th8 charity has
adequate resour￿5 lo conllnue in operats'onal exislence for the foreseeab￿ future. Thus the trustees.
linue lo odopt the golng cC￿Gern basls of accounting In preparation of the accounts.
1.3 CHARITABLE FUNDS & FUND ACCOUNTING
Unreslricled funds are available for use at the discretion ol the Iruslees in furtheran￿ of their charitable
objectives unle88 the funds have been designated for other purposes.
Incomlng Resource8
Incoming resources includes investment income. whiGh Is recognised when the charity has a legal right
lo the in￿me.
The gain or loss arising on the dispDsal of an asset is d&iermined as the difference bettveen the sale
proceeds and the carrying value of the as8el, and is recognised in nel incomellexpendiiurel for the
year.

Pago 8
1.4 GRANTS PAYABLE
Grants payable are debited lo exper>dilure within the Statemenl of Financial Activities in the period in
which the charity enters into a constructive obligation lo make such payments. ￿ere a grant
commitment is payable over a peri￿ of more than one year, a liability is recognised for the full amount
of the conslruclive obligation unless conditions afft allached lo future payments such that the Irusl&es
effectively relain the discrets.on lo avoid making such payments.
1.5 INVESTMENTS AND INVESTMENT INCOME
All inveslmenls are slated al fzir value and the movement shown comprises both realised and
unreali8ed gains and losses.
Realised galns or losses arislng ot) the disposal of inv6slmenls Ilogelher wllh provlslons for dlminullon
In value), are credlled or debSled lo the Slalement Of Financial Aclivllies, and subsequently transferred
lo Unreslrialed Funds.
1.6 CHARITABLE ACTIVITIES
The cost of ¢harilable activities consists of grants mad&.
1.7 COST OF GENERATING FUNDS
The cost of generating funds consists of Investment management fees.
1.8 GOVERNANCE COSTS
Governanc8 costs comprise all costs involving the public accounlabilily of the charity and ils compliance
wilh r￿UlatIOn and good practice. These costs include costs related lo statutory independent
examination and leg81 fees together with other overhead and support costs.
1.9 CASH AND CASH EQUIVALENTS
Cash and cash equivalent8 Include deposits held al call wllh banks.
1.10 FINANCIAL INSTRUMENTS
Th8 charity has alected to appty the provistons of Section 11 '&as￿ Financial Inslrumenls. and section
12 "Olher Financial Instruments Issues of FRS 102 to all of ils finanoial instruments.
Flnanclal assets and liabilities are offset. with tho nel amounts presented in Ihe financial slalemenls,
when there Is a legally enforceable right lo Sèt off the recognised amounts and there is an intention lo
sellle on a net basis or lo realise the asset and sellle the liability simultaneously.
Baslc financlal assets
Basic financial 8ssels, which indudes debtors and cash and bank balances, are initially measured al
transaction Pri￿ induding Irans2clion costs and are subsequently carried al amortisÈd cost using the
effecllve inlerèsl method unless the arrangement Conslilules a financing Iransaolion, where the
transaction 18 measured at the present value of the future re￿ip1S discounted al a market rale of
inleresl. Financial assets Glasslfied as recelvable within one year are not amortlsed.

Page 9
Impalmient of financlal assets
Financial assets, other than those held al fair value through Income and expèndilure, are assessed for
indicators of impairment al each reporting dale. Financial assets are impaired where Ihere is objective
evklence that, as a result one or more events that occurred after the initial rècognition ol th8 financial
asset, the eslimaled future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the eslimaled cash flows discounted al the asset's original effective interest rate. The
Impalrmenl loss Is recognise(l in net incomellexpendilurel for the year.
If there18 8 decrease In the Smpairmonl loss arising from an event occurring after the impairment was
recognlged, the Impalrmenl Is reversed. The reveisal is such that the Current carrying amount does not
8x¢e8d what the carrying amount would have been, had the impaiiment previously been recognised.
The impaim)enl reversal is recognised in nel incomel(exp8ndilurel lor the year.
Baslc flnanclal Ilabllltlos
Baslc financial liabilities, including trade and other payables, are initially recognised at transaction price
unless the arrangement conslilules a financing transaction, wher& the debt instrument is measured al
the present value ol the future receipts discounted al a market rale of inleresl. Debt instruments are
subsequently Carried at amortised cost, using Ihe effective interest Fate method.
Trade payables are obligations lo pay for goods or serV￿eS that have been acqulred In the ordinary
course of operations from 8uppliars. Accounts payable are classed as current liabilities if payment is
due wllhln one year or less. If not. they are presented as non-currenl liabilities. Trade payables are
recognised initially al transaction pri￿ and subsequenlly measured al amortised cost using the 6ffe¢live
interest Fnelhod.
Der8cognilion of flnanclal Ilabllltles
Financial liabilities are derecognised when the ¢harity'$ ¢onlraclual obligations expire or are dÉscharged
or cancelled.
2, CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the chaTily's eccounling policies, the Iruslees are required lo make judgements,
eslimales and assumptions about the carryirbg an￿￿nI of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumpllons are ba8ed on hlslorical
experlence snd other factors that are considered lo be relevant. Actual Tesulls may differ from thesè
esbmales.
The eslimales and underlying assumption8 are reviewed on an ongoing basis. Revisions lo accounting
8slimales are recognised the peiiod in which the estimate Is revised where the revision affects onty
Ihal period, or in the period of the revision affects only that period. or in the peyiod of the revision and
future periods wherè the revision affects bolh eurrenl and future pe11<￿S.

Page10
AN M FOULERTON CHARIT
BLE TRUST
REGISTERED CHARITY NO. 1164969
Notès to the Accounts for the
èar ended 5 A rf12025
3. FIXED ASSET INVESTMENTS
(Summary of pagos 13 to 20}
Year ended
6.4.25
Year &nded
6.4.24
Quoted inv88tr1)£nis
8roughl foNard 6.4.24
1,408,136.68
1.474.142.10
Addition$
Decrease In port1￿￿ cash
D&$posals
Nel UllTealised Uos$esllgalns
484.843.81
13.829,191
{534.278.351
16,577.241
1.336,29Jf.71
1,609.900.31
131,813.341
11.721.717.831
75.625.44
1,406.136.68
Quoied UK Inveslmenls
Quoted Non UK Inve81ments
Cash held on portfomo
198.460.75
1.110,244.88
27,590,08
1,336.295.71
145,985.25
1,228,732.16
31,419.27
1.406,136.68
Hisloiic cost ol quoted investm8n18
1,272.804.30
1,299,525,5$
Inve8tm8nts that represent greater than 5% of the portfollo by Market Value
8NY Mellon Glb Fds U S Hi Yld Bela X GBP Dis H
Robeco Cap Gth Fd8 Qi Gbl Multi Fa￿Or
staté St Gbl Ad￿$ Gbl Aggrg Bd
State St Gbl Adws Tsy Bd Idx
stst8 Sl Adws Gbl
128,882.75
78,954.94
79,100.15
110.326.14
80,208.87
98,784.30
111.712.08
103.647.27
97.554.59
4. DEBTORS
AloTh)s Bank interest due
AtorrK)s dlvidènds du¢
HM Revenua & Customs
4?.4.79
1.09
256.52
682.40
355.43
8,217.28
256.52
8,829.23
CASH
Barcl8y8 Bank PIC
44.530.29
29 583.34
6. CREDITORS
Other credllors
Carpenter Box- Independent examination
Atomos Llmlled- Investment Management charges
Grants payable comrnitmenl
1,320.00
2.011.63
30,500.00
33.831.63
1,21)0.00
2,00&81
3,20&81

l. L*I)5$1NVE6II*IIT W¢OIJ
Yi4rend•d J4.25
&924.10
44115.37
5,*410
46,11&37
12.94134
40201
12.V4384
40.203.48
tncoffleliqfft¥slgdNonUKkn¥esth?nl
L￿G￿￿￿a￿allD1 etsr)pÈnÈa1itirt
547.85
Ir￿MIl￿￿Tr￿￿￿2I.12.2￿S
f&W)
i&*)
GToi&WdEpwlinleFeil
J81.95
813.39
381.95
8F3a9
75e.73
75&73
6S.080.F2
Yéir&ndÈd
& ¢HANYA*ÈACYMWIÈS
G[4nlspaya￿O(￿lo
107.315
123,(K¥X
8hsr¢ofQtyw4mwc¢etssts I￿• io)
1&720,(
9. CMfftITA8LEGR#JITS PAYA8LE
21.OF.2023
s811s￿C81h￿ths1
21.#7.S023
SINl8ryldagdplene,
21.oF.￿23
21.Q7.1023
21.OY.2028
16.09.2023
26￿.20?3
2&0D.2023
s.(w.o¢
stNtsrylfirJin. Bd¢h¥r
Spl¥M¥)ith
$IN1aryMagda1￿I,
8iMarys8ndSI
810141¥
2.500.(0
ioouooo
40,OOthOD
3.(￿ty)
1&10.20
10.X
1&01.2024
.01.
11.IW.2024
lSm.2024
15.M2024
15.(&2024
15.0&2024
Fdk41<￿8l￿I Lincomp
su55exH￿I1aggT￿Sl Llnllq¢
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$1 N1¢holg$ch￿¢h.
$1 Pé1￿#￿S￿Y
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$IAndiew9, Nwfyjry
Y.31&00
s,ooD.00
2,QOQOO
1&0&3r4
1&0&2024
1&0&2024
I&0&￿24
15.0&2024
1&12.2024
1&12.2024
01.04.2026
01.04.￿25
OIflI.J025
Q&¢4.302S
0&04.2025
0104.2025
0*04.2025
OkO4.2075
4&LM.2¢>25
Q&Q4.2025
43.￿.2025
03.0i2025
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PCCSI Br1￿￿￿
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107.315,
16QOO.QO
123.OQo￿o

Pag8 12
FOULE
TON CHARITABLE YRUS
EGISTERED CHARITY NO. 1164969
Notes to the Accounts for tlie
earended
25
Year ended
Year ended
5A.24
O. GOVERNANCE COSTS
Mitchell LLP
Carpenter Box- Independont examlnalion
17,280.00
1,440.00
18,720.00
16,632.1]0
1,200.00
17,832.00
Basis of AIIoc81ion.' All ol Ihe governance costs are 811¢￿ated to the eharitablts atllvlty ol grant maklng, totalling £18,720
in 20251£17.832 in 20241
11. COST OF GENERATING FUNDS
Atomos Llmited
10,617.75
9,353.08
12. EMPLOYEES
There were no employees during the ye8r12024.'nill
13. TRANSACTIONS WITH RELATED PARTIES
Thomas Eggar Trust CorfY)r21ion Limited ITrusleel is a trust eomp8nywholly owned by IN4n Milehell LLP.
During the year Irwin Mrtchell LLP provided professlonal services lo the Charfly amounting lo £17,280
12024.. £16,632). At the balancè sheet date, nil12024', nil) w88 oulst8nding in r8sped of Iheso fees.
14. TRANSACTIONS wifH TRUSTEES
There were no payments to trustees during the year.

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