Registered Charity No: 1171955
THE CARTHUSIAN TRUST CIO
REPORT AND ACCOUNTS
YEAR ENDED 31 JULY 2022

THE CARTHUSIAN TRUST CIO
OFFICERS AND PROFESSIONAL ADVISERS
FOR THE YEAR ENDED 31 JULY 2022
BOARD OF TRUSTEES
J A V Smith- Chairman
J D Balkwill
SABell
C Davies
F l Hickman
CWDMacey
I P Waller
HONORARY SECRETARY
D S Armitage
BANKERS
Lloyds Bank PIC
49 High Street
Godalming
Surrey
GU7 IAT
AUDITOR
Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
SOLICITORS
Farrer & Co LLP
66 Lincoln's Inn Fields
London
WC2A 3LH
INVESTMENT MANAGERS
Newton Investment Management Limited
The Bank of New York Mellori Centre
160 Queen Victoria Street
London EC4V 4LA
PRINCIPAL ADDRESS
Charterhouse School
Godalming
Surrey GU7 2DF
Page 1

THE CARTHUSIAN TRUST CIO
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JULY 2022
The Trustees p￿sent their Report and Accounts as a charitable incorporated organisation ICIOI for
the year ended 31 July 2022.
The financial statements comply with current statutory requirements. the charity's constitution
and the Charities SORP FR5 102.
Officers and professional adviserfs information set out on page I forni part of this report.
STRucfuRE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The Carthusian Trust CIO was established in March 2017 Iregistered number 11719551, after which
the old Carthusian Trust la trust with registered charity number 3120551 ceased actTVities and
transferred its assets to the new charitable incorporated organisation. The Carthusian Trust CIO is
governed by a foundation model constitution.
TRusfEES
The Trustees who seNed during the year. and to the date of signing this report. were those listed on
page l. New trustees are inducted into the workings of the charity by the Chairman and the Honorary
Secretary. The Board meets on a regular basis and as required.
The Constitution provides for the appointment of up to ten Trustees. The Trustees have developed a
skills matrix to identify the skills required and to guide the recruitment of new trustees. Trustees are
invited, using the matrix, to identify potential new trustees, who are considered by the Trustees and
appointed if approved. Trustees automatically cease to hold office at the end of staggered periods of
up to five years.
OBJEcfivES, ACTIVITIES AND ACHIEVEMENTS
The Carthusian Trust provides a permanent fund with charitable status to promote the active financial
support of Charterhouse School by all those who have its interest at heart.
The objerts are such charitable purposes connected with the School as the Trustees shall after
consultation with the School Governing Body think fit, in particular:
The provision of bursaries and scholarships to the pupils of the School,. and
The financing of projects of a capital nature connected to the School.
Bequests given to the Trust for specrfic purposes are held as "Restricted Funds" Both the income and
Capital of Such fLFnds can be spent to achieve their individual objectives. All other gifts and bequests,
"General Funds" are free reserves held to finance the activities of the Trust.
Page 2

THE CARTHUSIAN TRUST CIO
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 JULY 2022
The Trust is run on a day to day basis by the Honorary Secretary who is Charterhouse School's Director
of Finance and Strategy. There is no charge for his seNices.
During the year the Trust provided support to eleven12021 seven) Sir Robert Birley Scholars and
awarded three12021 four) bursarie5 to Charterhouse pupils.
The Trustees confirn) that they have complied with the duty in the Charities Act 2011 to have due
regard to the Euidance issued by the Charity Commission on public benefit.
The Trustees are aware and take account of the Charity Governance Code published in 2017 and
revised in December 2020, which sets out the principles and recommended practice for Eood
governance within the sector.
FINANCIAL REVIEW
During the year, the Tru5Ys income was £42,524 12021= £139,531). Grants and support costs
amounted to £96,03712021'. £297,6091. There was an unrealised loss on investments of £61612021..
gain of £308,5561. The ￿$vItIng reduction in funds for the year of £54,129 reducing the Trust'5 net
assets to El,878,491 at the year-end.
The charity had no fundraising activities ￿quiring disclosure under S162A of the Charities Act 2011.
GOING CONCERN
The Trust has funds worth £1.88m12021 £1.93ml and normally allocates grants of £100-150k per year.
A5 a result the Trustees have a reasonable expectation that the charity has adequate resources to
continue its activities for the foreseeable future. Should investment values fall significantly then the
Trustees could reduce the grants appropriately. Accordingly, they adopt the going concern basis in
preparing the financial statements.
RESERVES
At 31 July 2022 the total funds of the Trust amounted to £1,878,49112021'. EI,932,6201, restricted
funds amounted to £1.015.956 12021.. £1,068,820 1 and designated funds were £35,146 12021.-
£44.6681. The Trust forecast5 £35,146 12021.. £41,925) of designated funds are allocated to
scholarships over the next three years and at least £131.61312021.. £74,531) of restricted funds are
allocated to bursaries in 2022123. Total free reserves, "General Funds" at 31 July 2022 amounted to
£827.389 12021.. E819,1321. These reserves exceed current annual expenditure but the Trustees
consider it necessary to hold sufficient reserves to enable the Trust to make capital grants for School
projects, where required. and act as a consistent resource for bursary support.
Page 3

THE CARTHUSIAN TRUST CIO
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR 31 JULY 2022
RISK MANAGEMENT
The Trustees are responsible for the management of the risks faced by the Trust. Risks are identified,
and assessed and the necessary controls are established. A formal review of the Trust's risk
manaBement process is undertaken on an annual basis.
The key controls used by the Trust include-.
Formal agendas for all meetings
Clear authori50tion and approval leve15 of expenditure
Regular review of investment perfom)ance by Trustees with investment expertise.
The key risks identified are:
l. Failure to Manage Funds Properly. It is important that the funds generate income at an
appropriate risk level particularly in this time of economic uncertainty. Given the current
situation, the Trustees did review their investment Strategy this year. Although 90% of the
Trust's net assets are held in one investment. namely the Newton Growth and Income
Fund for Charities which is managed by Newton Investment Management, the Trustees
are satisfied that these are professional managed in an appropriate manner for the Trust.
2. Major incident/world disaster advsersely affects financial position. BREXIT. the Covid-
19 crisis and the Ukrainian Crisis have demonstrated that world events can have a
significant adverse effect on the financial markets. This has been both regional and global
and it is unclear how long it will take for markets to settle. As a result the Trustees have
reviewed their portfolio to ensure there is appropriate diversification in term of liquidity,
classification, and geographical location of the exposure. In addition they have tailored
their support to pupils so that it can be managed in the near future.
Through the risk management processes established for the Trust, the Trustees are satisfied that the
major risks identified have been managed where possible. It is recognised that Systems tan only
provide reasonable but not absolute assuran￿ that major risks have been adequately managed.
INVESTMENT PoV￿Rs AND POLICY
The Trustees, investment powers are governed by the Constitution and the Trustee Act 20CK) which
permits the Trusvs funds to be invested in any investment subject to compliance with the statutory
duty of care. The Trustees, policy is to provide sufficient funds to maintain its charitable expenditure
and ensure the long term growth of its fijnd.
A breakdown of the TrusV5 net assets 15 as follows=
2022
2022
2021
2021
Investment (Note 41
Cash deposits
Net current assets
Total Fund5
90
io
1.884
39
io
97
1.878
Icrf)
1.933
1¢
The investment represents 1,061,289 units in the Newton Growth and Income Fund for Charities
managed by Newton Investment Management Limited. Their stated objertive for the fund is to
Page 4

THE CARTHUSIAN TRUST CIO
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
maximise total returns for charities in temis of capital growth and income from a portfolio of global
equities and fixed interest securities.
The invested fvnds of the Trust are pooled fof investment purposes and the investment return is
allocated to each fund on a pro rata basis. The cash dep051ts represent deposits with CCLA Investment
Management Limited, and a current account with Lloyds.
FUTURE PLANS
The Trust will continue its main objectives for the foreseeable future to provide bursaries to pupils at
Charterhou5e School and also fund expenditure on School buildings and capital Projects,. thereby
maintaining and enhancing acce55 to a Carthusian education and ensuring that the heritage and
educational standards of the School a￿ maintained.
STATEMENT OF TRu¥fEES' RESPONSIBIUTIES
The Trustees are responsible for preparing the Trustees, Report and the financial statement5 in
accordance with applicable law and fegulations.
Charity law require5 the Trustees to prepare financial statement5 for each financial year in accordance
with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards)
and applicable law.
Under charity law the Trustees must not approve the financial statements ¥Jnless they are satisfied
that they give a true and fair view of the state of affairs of the charity and of its net incominpjoutgoing
resources for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP-
make judgments and estimates that are reasonable and prudent:
prepare the financial statements on the going concern basis unless It is inappropriate to
presume that the charity will continue to operate.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2(M)8 and the piovisions of the
charity's tonstitution. They are also responsible for safe8uarding the assets of the charity and hence
for taking reasonable steps for the prevention and detertion of fraud and other irregularities.
By order of the Board
JAVSmith
Chairman
2¥ 2022
Page 5

INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF THE CARTHUSIAN TRUST CIO
Opinion
We have audited the financial statements of The Carthusian Trust CIO I'the charity) for the year ended
31 July 2022 which comprise the Statement of Financial Activities. the Balance Sheet and note5 to the
financial statements, including significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and
Republic Df Ireland Iunited Kingdom Generally Accepted Accountin8 Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitys affairs as at 31 July 2022 and of its income
and expenditure. fof the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Actountin8
Practice.. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
Statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustee's use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that. individually or collectively. may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other infomiation
The trustees are responsible for the other information contained within the annual report. The other
information comprises the information included in the annual report, other than the financial
statements and our auditorfs report 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.
Our responsibility is to read the other information and. in doing so. consider whether the other
Page 6

INDEPENDENT AUDITOWS REPORTTO THE TRUSTEES OF THE CARTHUSIAN TRUST CIO
{CONTINUED)
information is materially inconsistent with the financial statements or our knowledge obtained in the
audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are req4Jired to determine whether this gives rise to a material
misstatement in the financial statements themselves. If. based 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.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2(X18 requires us to report to you if, in our opinion-.
the information given in the financial statements is inconsistent in any material respect with the
trustees, report- or
sufficient and proper accounting records have not been kept by the charity,. or
the financial statements are not in agreement with the accounting record5 and returns,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustee5
As explained more fully in the trustee< responsibilities statement set out on page 5 the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true
and fair view. and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statements, the trustees are responsible for assessing the Chaflty's ability to
continue as a goin8 concern, disclosin& as applicable. matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011, and report in
accordance with the Acts and relevant regulations made 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 issue an auditorfs report
that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when
it exists. Mi5Statements 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.
Details of the extent to which the audit was considered capable of detecting irregularities, including
fraud and non-compliance with laws and regulations are set out below.
A further description of our responsibilitie5 for the audit of the financial statements is located on the
Financial Reporting Council's website at= www.frc.or
auditor5re5
onsibilities. This description
forms part of our auditorfs report.
Page 7

INDEPENDE￿ AUDITOIYS REPORT TOTHE TRUSTEES OF THE CARTHUSIAN TRUST CIO
{CONTINUED)
Extent to which the audit was considered capable of detecting irregularitie5, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
identified and assessed the risks of material misstatement of the financial statement5 from
irregularities, whether due to fraud or error, and discussed these between our audit team members.
We then designed and performed audit procedures responsive to those risks, includin8 obtaining audit
evidence sufficient and appropriate to provide a basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charity
operates, focusing on those laws and regulations that have a direct effect on the determination of
material amounts and disclosures in the financial statements. The laws and regulations we considered
in this context were the Charities Art 2011 together with the Charities SORP IFRS10212019. We
assessed the required compliance with these laws and regulations as part of our audit procedures on
the related financial statement items.
In addition. we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which might be fundamental to the charity's ability to
operate or to avoid a material penalty. We also considered the opportunities and incentives that may
exist within the charity for fraud. The laws and regulations we considered in this context for the UK
operations were General Data Protection Regulation IGDPRI-
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the Trustees and other management and inspertion of regulatory and legal
correspondence. if any.
We identified the greatest risk of material impact on the financial Statements from irregularities,
including fraud, to be within the override of controls by management. Our audit procedures to
respond lo these risks included enquiries of management, and the Trustees about their own
identification and assessment of the risks of irregularities. sample testing on the posting of journals,
reviewing accounting estimates for biases. reviewing regulatory correspondence with the Charity
Commission, and reading minutes of meetings of those charged with governance.
Owing to the inherent limitations of an audit, the￿ is an unavoidable risk that we may not have
detected some material misstatement5 in the financial statements. even though we have properly
planned and performed our audit in accordance with auditing standards. For example, the further
removed non-compliance with laws and regulations lirregularitiesl is from the events and transactions
reflected in the financial statements. the less likely the inherently limited procedures required by
auditing standards would identify it. In addition, a5 Wlth any audit. there remained a higher risk of
non-detection of irregularities, as these may involve collusion. forgery, intentional omissions,
misrepresentations, or the override of internal controls. We are not responsible for preventing non-
compliance and cannot be expected to detett non-compliance with all laws and regulations.
Page 8

INDEPENDENT AUDITOR'5 REPORT TO THE TRUSTEES OF THE CARTHUSIAN TRUST CIO
{CONTINUED)
Use ofour report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
IAccounts and Report51 Regulations 2008. Our audit work ha5 been undertaken so that we might state
to the charity's trustees those matters we are required to state to them in an auditor's 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 charitls trustees as a body. for our audit work, for this
report, or for the opinions we have fom)e¢J.
Crowe U.K. LLP
Statutory Auditor
London
Date 30 January 2023
Crowe U.K. LLP 15 eligiblefor aPpO￿l￿ent asavditor of thetharity byvirtueof itselgibiitylor apptyrttsnentasauditor of a company
undef section 1212 ofihe Compan￿SArt 2(￿.
Page 9

THE CARTHUSIAN TRUST CIO
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 JULY Z022
General
Desi￿ated
Restricted
Total
Total
Notes
Fund5
2022
Funds
2022
Funds
2022
Funds
2022
Funds
2Q21
Income from
Donations and legacies
152
2,261
2,413
101,887
Investments
14,862
22,443
40,111
37,644
Total Income
14.862
2,958
24,704
42,524
139,531
Expenditure on
Charituble ¢7Ctivity
Grants
12.070
79,531
91.601
293,423
Support costs
4,436
4,436
4,186
Total Expenditure
4,436
12,070
79,531
96.037
297,609
Net
incomellexpendtturel
before investrnent gains
10,426
{9,1121
(54,827}
{53,513)
{158,078J
Net gains/llossl on
investments
{2,169}
{410)
1,963
16161
308,556
Net
incomellexpendtturel for
the year
8.257
19.5221
{52.864)
154,1291
150,478
TOTAL FUNDS BROUGHT
FORWARD
819.132
44.668
I.[￿.820
1.932.620
1,782.142
TOTAL FUNDS CARRIED
FORWARD
827.389
35.146
1.015.956 1.878.491
1,932,620
The notes on pages 12 to 18 form part of these financial staternents.
Page 10

THE CARTHUSIAN TRUST CIO
BALANCE SHE
AS AT 31 JULY 2022
Notes
2022
2021
FIXED ASSETS
Investments
1,683.204
1,883,820
CURRENT ASSETS
Debtors
11.472
13,982
Cash at bank
189.319
38,982
200,791
52,964
LIABILITIES
Creditors: amounts falling due within one year
15,504)
(4,164)
NET CURRENT ASSErs
195.287
48,800
NET ASS￿5
1.878.491
1,932.620
TOTAL FUNDS
General funds
827,389
819,132
Designated funds
35,146
44.668
Restricted funds
1.015.956
1,068,820
io
1.878.491
1,932,620
The financial statements were approved by the Board and authorised for issue on 24 November
2022 and signed on its behalf by..
JAVSmith
Chairman
The notes on pages 12 to 18 fomi part of these financial statements.
Page11

THE CARTHUSIAN TRUST CIO
NOTES TO THE ACCOUNTS
YEAR ENDED 31 JULY 2022
ACCOUNTING POLICIES
Charity Information
The Carthusian Trust is a charitable incorporated organisation ICIOI registered with the Charity
Commission in England & Wales. registration number 1171955. The principal address IS
Charterhouse School, Godalmin& Surrey, GU7 2DX.
b)
Basis of preparation
The financial statements have been prepared in accordance with the Charities SORP IFR51021
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland. the Charities Act and UK Generallv
Accepted Accounting Practite.
The financial statement5 have been prepared to gNe a 'true and fai¢ view and have departed
from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to
provide a 'true and fair view,. This departure has involved following Accounting and Reporting
by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FR5 1021 issued on 16 JUFV 2014 rather than the
Accounting and Reporting by Charities.
The trustees have considered the financial position of the Trust and its future budgets and
confirm that it will remain a going concern.
The Trust is exempt from providing a cash flow statement under FR5102 due to the Trust being
a small entity. The Trust meets the definition of a public benefit entity under FRSIO2.
DonatSons and legacles
Donation and legacy income is included as and when there is adequate probability of receipt
and the amount can be measured reliably.
d) Expenditure
Grant expenditure is accounted for on an accruals ba515. Expenditure is allocated to expense
headings on a direct cost basis except for central costs, which a￿ apportioned on the basis of
an estimate of time Spent on the relevant function.
Page 12

THE CARTHUSIAN TRUST CIO
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 JULY 2022
ACCOUNTING POLICIE5 (Continued)
Investment income
Investment income is accounted for in the year in which the charity is entitled to receipt.
Fund accounting
Restrirted funds represent monies that have been given to the Trust for specific purposes.
Designated funds are monies set aside bythe Trustees for specific purposes but which form part
of the charitws unrestricted reserves. These funds comprise the Capital Fund.
The General fund represents the working capital of the Trust. It is not restricted by covenants
or donorfs triteria and is managed by the Trustees.
g)
Financial instruments
The Carthusian Trust has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at amortised cost using the effective interest method. Financial
assets held at amortised cost comprise cash and bank and in hand, together with trade and
other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts,
trade and other creditors.
Investments, including bonds held as part of an investment portfolio are held at fair value at the
Balance Sheet date, with 8ain5 and 1055es being recognised within income and expenditure.
At the balance sheet date, the Trust investment assets at fair value through income and
expenditure of £1,683,20412021= £1.883,8201.
h)
Critical accounting judgements and key sources of estimation uncertainty
In the view of the Trustees. no assumptions cor)cerning the future or estimation uncertainty
affecting assets and liabilities at the balance sheet date are likely to result in a material
adjustment to their carrying amounts in the next financial year.
Page 13

THE CARTHUSIAN TRUST CIO
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 JULY 2022
SUPPORT COSTS
General
Designated
Total
Total
Fund5
Funds
2022
2021
Audit Fee lincluding irrecoverable VATI
4.4(Xl
4.164
Bank Charges
36
36
22
4,436
4,436
4,186
Trustees received neither remuneration nor reimbursed expenses in the current or prior year.
DISTRIBUTION OF GRANTS
General Designated
Funds
Funds
Restricted
Funds
Total
2022
Total
2021
Carthusian Trust Bursaries
79,531
79,531
82,844
Birley Scholarship5
12,070
12,070
8,880
Other
201,699
12,070
79,531
91,601
293,423
INVEsfMENTS
2022
2021
Market Value at l August 2021
1,883,820
1,625,264
Disposal
I200,0￿)
(s0.0(￿)
Net GainsllLossl (Unrealised
(616)
308,556
Mart(et Value at 31 July 2022
1,683.204
1.883,820
All investments are held with Newton Investment Management Limited in a Global Growth and
Income Fund for charities
DEBTORS
2022
2021
Accrued income
11.472
13.982
CREDITORS: amounts falling due Wlthin one year
Accruals
5,51YI
4,164
Page 14

THE CARTHUSIAN TRUST CIO
NOTES TO THE ACCOU?￿5 (CONTINUED)
YEAR ENDED 31 JULY 2022
GENERAL FUNDS
At
Investment
At
l August
Income
Expenditure
ILossl
31 Julv
2021
2022
Income Fund
819,132
14.862
14.4361
12,1691
827,389
GENERAL FUNDS
(COMPARA TIVE)
At
Investment
IGainl
31 July
l August
Incorne
Expenditure
2020
2021
Income Fund
740,805
13.929
f45.007J
109,405
819,132
DESIGNATED FUNDS
At
Investment
At
l August
Income
Expenditure
(Lossl
31 July
2021
2022
Capital Fund
44,668
2,958
112.0701
14101
35,146
DE51GNA TED FUNDS
(COMPARA TIVE)
At
Investment
Gain
At
31 July
2021
l August
2020
Income Expenditure
Capital Fund
30.164
2,731
18,8801
20.653
44.668
The Capital Fund above provides SUPPOrt for scholarships.
2022
2021
Future expenditure of Designated funds=
Year One
16.365
12,070
YearTwo
18.090
17,424
Year Three
691
15,174
Pa8e15

THE CARTHUSIAN TRUST CIO
NOTES TO THE ACCOUNTS (CONTINVEDI
YEAR ENDED 31 JULY 2022
RESTRicfED FUNDS 2022
At
l August Income
2021
Investment
Gain / ILossl
At
31July
2022
Expenditure
Robert Birley Memorial Fund
Hodgsonites Fund
Verites Fund
Hoban Fund
Tiller Fund
Dighton Fund
Giffard Fund
ILx7,1
36.664
57,273
11.865
802,560
19,295
41,163
loo,000
32,195
58.061
12,252
750,789
21,496
41,163
15,QXII
1771
11301
1631
2,233
918
450
20,527
2,201
174,5311
1,068,820
24,704
179.5311
1,963
1,015.956
RESTRICTED FUNDS
ICOMPARA TIVEJ
At
l August Income
2020
Investment
At
31 July
2021
Expenditvre
Gain
Robert Birley Memorial
Fund
Hodgsonites Fund
Verites Fund
Hoban Fund
Tiller Fund
Dighton Fund
Giffard Fund
Patork Fund
Icv.(xx)
100,ooo
33.953
49,917
26.587
682.205
18,170
41.163
159.178
{1.699J
3,862
6,536
3,189
164,911
36,664
57,273
11,865
802,560
19.295
41,163
820
402
19.976
1,125
(18,313)
(64.532)
(159,178J
1.011.173
122,871
{243,722J
178,498
1,068,820
The Robert Birley Memorial Fund provides support for scholarships.
The Hodgsonites Fund provides 5UPPOrt to pupils and activity within the House.
The Verites Fund provides support to pupi15 and activity within the House.
The Hoban Fund will assist a sixth form pupil whose parents are in unforeseen financial need,
in recognition of the help Michael Hoban Ifornier pupill received while at School.
The Tiller Fund provides bursary support to pupils.
The Dighton Fund supports the Ben Travers Theatre.
The Giffard Fund supports the upkeep and fabric of the Memorial Chapel.
Page 16

THE CARTHUSIAN TRUST CIO
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 JULY 2022
10. TOTAL FUNDS 2022
General
Funds
Designated Restritted
Funds
Funds
Total
Investments
674,639
127.353
881,212
1,683,204
Net current assets / Iliabilitiesl
152.750
192,2071
134,744
195,287
827.389
35.146
1.015,956
1.878.491
TOTAI FUNDS 2021
{COMPARA TIVEJ
General
Funds
Designated Restricted
Funds
Funds
Total
Investments
676.808
127,763
1,079.249
1,883,820
Net current assets I Iliabilitiesl
142,324
183.0951
110,4291
48,800
819,132
44.668
1.068.820
1.932.620
11. RELATED PARfi TRANSACllONS
One of the Trustees. C W D Macey, is a Governor of Charterhouse School. During the period, the Trust
has provided funds of £86.60112021.. £91,724) to Charterhou5e School in relation to bursaries and
scholarships. At the year end, no amounts were due to or from the School.
Page 17

THE CARTHUSIAN TRUST CIO
NOTES TO THE AccouTrrrs ICONTINUEDI
YEAR ENDED 31 JULY 2022
12. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
General
Designated
Re5trirted
Total
Total
Funds
Funds
Funds
Funds
Funds
Notes
2021
2021
2021
2021
2020
Income from
Donations and
legacies
500
202
101.185
101,887
1.499
Investments
13,429
2.529
21.686
37,644
39,267
Total Incorne
13,929
2.731
122,871
139,531
40,766
Expenditure on
Charitable artivity
Grants
40.821
243,722
293.423
93,442
Support costs
4.186
4,186
4,087
Total Expenditure
45.W7
8,880
243.722
297.609
97,529
Net (expenditure) before
investment gains
131,078)
16,149) {120.851) {158,078)
{56,763J
Net gainslllossl on
investments
109.405
20.653
178.498
308,556
1171.909)
Net income/lexpenditure) for
the year
78,327
14.504
57,647
150,478
1228,672)
TOTAL FUNDS BROUGHT
FORWARD
740,805
30.164
1,011,173
1,782,142
2,010,814
TOTAL FUNDS
CARRIED
FORWARD
819.132
44,668
1,068.820
1,932,620
1,782,142
Page 18