THE SILLITOE CHARITABLE TRUST
(Charity Registration Number.. 1178713)
ANNUAL REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Rothi￿ne5 Th45t Comp¢wyLvnilvd

THE SILLITOE CHARITABLE TRUST
Annual Report and Flnancial Statements for the year ended 31 October 2026
Index
Page
14
TTustees' Annual Report
Independent Examiner's Report
statement of Financial Aclvities
Balance Sheet
8-14
Notes to the A¢¢ounts (including Accounting Policies)

THE SILLITOE CHARITABLE TRUST
Annual Report and Financial Statements for the year ènded 31 October 2025
Trustees. Annual Report
The Truslees have pleasure in submitting their Annual Report and Financial Slalements for the year ended
31 October 2025.
Objectives and Activlties of the Charity
In accordance with the Charivs goveming documenl, the Trust's objectives are to advance the education
ol the public in general land Geology students in particularl in the science of economic geology by providing
5uilable funding for education, research publiealions, sludenl support and other suitable programrnes. To
fulfil these objeclNes the Trustees wll make grants. primarily from Unrestricted Funds.
The Charitls incoming resources are primarily from donations. Funds received are held as directed
by the donor. Expendable Endowment is invested lo generate Unreslricled Fund5 of income. Fund raising
activities are normally carried out, ￿th investment management charges being the only costs of generating funds
at present.
The Trustees compty with the duty in S17 Charities Act 2011 to have due regard lo the guidance on Publi¢
Benefit issued by the Charity Comrnis5ion when exercising any relevant powers or carrying out duties.
Achievements and Perforrnance
The Trustees are delighted lo have donated funds to the Natural History Museum during the year. relating to
an opportunity to provide substantial financial support lo endow a Research Leader in Economic Geology.
A Deed of Gift be￿en the Sillitoe Charitable Trust and the Trustees of the Natural History Museum was
executed, setting out the terms of the funding, including the sum to be donated and for the primary obje¢lives
the role of the Research Leader wll meet.
Financial Review
Income received from investments and interest totalled £53.012 (£40,371 in 2024}. Donations
received in the form of shares are held as Expendable Endowment funds in the sum of £303,930 (£302,609
in 2024 together with unrestricted cash donations £3,292,114} were received. Costs of raising funds lotalled
£21,4691£22,490 in 2024} in the form of investment management fees only.
The ChariWs objective previousty was to build funds in order to enable larger donation to be made. During the
year. £4,200,000 was donated lo the Natural History Museum from Designated Funds. Other amounts spent
on the charitys aclivlties related lo governance costs in the sum of £6,8101£10,950 in 2024}.
Gainslllossesl are realised on the sale and revaluation of investment assets and foreign exchange. During the
year ended 31 October 2025 net gains arising totalled £145,1551£199,437 net gains in 20241-
The Trustees held totsl funds of £1,522,285 al the financial year ended 31 October 2025 (£5,248,467 in 20241,
of which £44,903 represented Unrestricted Income Funds and £1,477,382 Expendable Endowment.
1£4.200,000 Designated Funds and £1,048.467 Expendable Endowment in 2024}. Expendable Endowment
continues to be primarily represented by investment assets.

THE SILLITOE CHARITABLE TRUST
Annual Report and FinanGial Ststgments for the year ènded 31 October 2025
Trustees, Annual Report
Investments
As there are no Specific restrictions of investment powers under the goveming deed, the Trustees have
full discretion over the assets and have resolved to delegate their duties lo Ralhbones
Investment Management, who have full discretionary day to day control of the inveslmenls. In
accordance wth the Trustee A¢t 2000, as this duty has been delegated, the Trustees have agreed
inveslmenl policies which have been agreed with Ralhbones Investment Management and fO￿aliSed by
establishing a Policy Statemonl. Also in accordance with Ihe Trustee Act 2000, the Trustee8 have reviewed
investment performance in line with the objectives and benchmarks 89 set out in the policies. The Trustees
are satisfied wrth the performance during the year in question and are satisfied that no ¢hanges need to be
made to the policios or investrnent managemertl at this time.
The Trustees do not have any social investment objectives al this lime and have duly considered ethical
investing and factors relating lo Environmental. Social and Govemance investing. No con81raint8 have been
imposed on Ihe investment manager currently.
ReseTves".
The Charivs investments will provide a relativety secure and predictable strearn of income from which
grants wll be made in future. The Trustees do not maintain a sel amount as reseNes. instead they consider
income funds held to be free reserves. This will be regularly reviewed by the Trustees, lo ensure they have
sufficient funds lo meet with commitments made. The Truslees consider Unrestricted Incorne funds lo be
held a$ free reseTves.
structure. governance and management
The Sillitoe Charitable Trust is registered in England and Wales (reg no.. 1178713). Its governing body are the
Trustees of a Settlement dated 31 October 2013.
There musl be at least tsvo Trustees. New Trustees are selected in accordance with their expertise and
experience, bringing kno￿edge to ensure the effeclNe administration of the Charity. Procedures have not
been adopted for the induction and training of new Trustees but the Board ensures they continue lo
operate within current guidelines by discussing all matters arising as guided by the Charity Commission
and Rathbones Tru51 Company Limited during meetings.
The Trustees are required to meet at least ￿ limes each year. one of which should be attended in person.
All Trustees are expected to attend meetings and ptay an active role in the administration of the TN5t. Two
Trustees form a quorum.
Risks
The Charity Trustees have given consideration lo the major risks to which the charity 15 exposed and are
satisfied that systems or procedures have been established in order lo manage those risks. After
considering the areas of governance, operalional, financial. environmental and compliance the Trustees
have identified that major negalNe fluclualions in investment assets Could cause a material risk to the
Charivs funds. In order lo mitigate this risk and in accordance with s15 Truslee Act 2000 the Trustees
have agreed investment policies lo be adhered lo by the Investment Manager. A Policy Statement is being
estsblished. which wll be reviewed regularty in line with investment perfomiance.
Pag• 2

THE SILLITOE CHARITABLE TRUST
Annual Report and Financial Statements for the year ended 31 October 2025
Tru5tees' Annual Report
Reference and administrative details of the Charity, its Trustees and Advisors
Registered No=
1178713
Principal Address-.
Clo Port of Liverpool Building. Pier Head. LiveTpooI, L3 1 NW
Trustees who seNed
during the year..
Richard Henry Silliloe- Chairman
Jean Mary 8illinglon
Rathbones Trust Company Limited
The individua15 who were directors of Rathbones Trust Company Limited were..
Linda Joyce CoLisins- Retired 31112124
Robert Paul Stockton- Resigned 06106125
James Stephen Hurrell - Resigned 06106125
BruGe Robert Newbigging - Retired 31112124
Anna Frost Suhajova- Appointed 01107125
Alexander Richmond - Retired 3110312026
Trevor Harris
Kerry Roberts
Accounts and Tax..
Rathbone5 Trust Co Ltd, Port of Liverpool Building, Pier Head. Liverpool, L3 1 NW
Independent Examiner: Mark Healon FCCA FCIE DChA, KM Chartered Accountants. 1st Floor, Block C.
The Wharf, Manchester Rd, Burnley, B811 1JG
Inveslrnenl Managers
and Bankets..
Ralhbones Investment Management Ltd, 30 Gresham Street, London. EC2V 7QN
Plans for the future
The truslee$ plan to make smaller donations to UK-based charities going fornvard and will ¢ontinue to
research and assess potential beneficiaries during the next financial year.
Pag• J

THE SILLITOE CHARITABLE TRUST
Annu•l Report and Financial Ststements for the year ended 31 October 2025
Trustees, Annual Report
Statement of Tru$te•$' rn5pon5ibilities for tha annual accounts
The Truslees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial Statements
for each financial year that give a true and fair wew of the stale of affairs of the charity and of the incoming
resources and ap￿iCatiOn of Tesources of the charty for that year.
In preparing these financial ststemenls, the Trustees are required lo-
select suitable accounting polices and then apply them con5iStently',
observe the methods and principles set out in the Charities SORP {FRS 102). as updated:
make judgements and estimates that are reasonable and prudent.,
- stale whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the financial stalemenls., and
prepaie the financial statements on the going ¢on¢ern basis unless it is inappropriate to presume that the
harity will continue in operation.
The Trustees hav8 assessed the charity's abilty lo continue as a going ￿nCern and considered any material
uncertainlies thal may irnpacl this assessment.
The Trustees are responsible for..
- keeping adequate accounting records that are sufficient lo show and explain the charivs transactions and
disclose with reasonable accuracy at any lime the financial position of the charity..
- ensuring complIan￿ with the Charities Act 2011, the ChaTty (Accounts and Reports) Regulations 2008, and
the provisions of the Trust Deed-
safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud
and other irregularities..
maintaining appropriate systems of intemal control and risk management.. and
ensuring that digital records and electronic filings comply with stalulory requirements.
Declaration
The Trustees confirm that they have approved the Trustees, Report and the financial statements above and are
satisfied that the charity has adequale assets available to fulfil its obligations and that the accounts comply with
current slalutory requirements
Agreed and signed on behalf of the Board of Trustees..
20
Rathbones Trust Company Limited
Date
Pay4

THE SILLITOE CHARITABLE TRUST
Annual Report and Financial Statements for the year ended 31 October 2025
Independent Examlnetrs Report
Independent Examlner's report to the Trustees of the Sillitoè Charltable Trust
I report on my examination of the accounts of the above named ¢hBrty I'lhe Trusf'i for the year ended 31 October
2025, which are set out on pages 6 10 14.
Responsibilitie$ of the Trustees and Independent Examlnèr
As the charitys trustees, you are responsible for the p￿paratiOn of the accounts in accordance wilh the
iequirements of the Charities Act 2011 1"Ihe ACY'I. You consider that an audit is not required under $144
of the Act and that an indapandent eXaMinat￿n is needed.
I report in respect of my examination of the charity's a¢¢ounts earried out under section 145 of Ihtr Act and in
carrying out my examinalion. I have followed all the appli¢8bl$ Directions given by the Charity C¢rvmi55ion under
section 14515llbl of the Ad. It is my responsibilty lo slate whether particular matters have come lo my attention.
Basis of Indepèndent Examinerfs Report
My examination was carried out in accordan¢e with th8 general Direction5 given by the Charity CommTssion. An
examination includes a review of the accounting records kept by the charity and a comparison ol the accounts
p￿Sented with Ih05e records. It also includes consideration ol any unusu81 items or disclosures in the accounts and
seeking explanation$ from the trustees concerning any such matters. The procedures undertaken do not prcivide
all the evidence that would be required in an audit and consequently no opinion is given as lo whether the a￿Unts
re$ent a'lrue and faiT' view. The report is limrfced lo those matters Sel out in the statement below.
I have completed my examination and ctsnfim that no matters have come lo my attention which gNe me ¢au$e lo
believe that in any material respect..
. the 8¢counling records were not kept in a¢¢ordanee wth section 130 of the Charities Act, or
the account$ did not accord with the accounting records, or
. the accounts did not compty wlh applicable reqU1￿MentS concerning the form and content of accounts set out
in the Charities IAccr>unls and Reportsl Regulations 2008 other than any requirement that the accounts give
a'true and fairf view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection wlh the examination lo which
attention s
ould be drawn in this report in order for a proper understanding of the accounts lo be reaehed.
Mark Hèaton FCCA FCIE DChA
KM CharteredAccountants
1st Floor, Block C. The Wharf
Manchester Rd
Burnley
BB If IJG
Date
Prf•5

THE SILUTOE CHARITA8LE TRUST
Annual Report and Flnanelal Statèments for ¢he year ended 31 Oetobgr 2025
Statern•nt of Flnanclal Actlvltla$
Expendable Deslgnat•d Unrestricted
Endomnent
Funds
Fund$
2025
2026
2025
Total
Funds
2025
Total
Funds
2024
Noigs
Income and endowm¢nts from:
Donati￿5 and legac4es
Investments
Olher IncA)me
303,930
1,299
303,930 3.594. 723
29.097
32,965
23,915
27,798
23,915
305,229
51.713
356,942 3.635.094
Expendlture on..
Raising lunds
Charitable xtivthes
21.469
21,469
6,810 4,2C6.810
22.490
10.950
4.200,0(
Total
21.489 4.200,0(KI
6.810 4,228,279
33.440
Nel gainslllossesl ￿ inve5trnenl assets
Nel gainsll10s5esl on foreign exchange
124.761
124,761
20,394
756.779
42.658
10
Net incomelexpenditure
428,915 14,200.0001
44.903 13,726.1821 18QI.091
Transfers be￿een funds
15
Net movement in Fund?
428,915 14,200,000)
44.903 13.726,1821 3,801.091
Reconclllatton of
Total Funds as at 1 Novèmbèr 2024
1,048,467 4.200,¢Jx)
5,248.487 7,447,376
Total Fund5 a5 at 31 October 2025
1.4TT,382
44903 1.522,285 5,248.467
The notes on pagès 8 to 14 form part ofthese accojnts.

THE SILL￿oE CHARrrA8LE TRUST
Annual Report and Finaneial Statements for the year endod 31 October 2025
Balane• Sheet as ot 31 October 2025
Expendablo De$lgnated Unrestrrcted
Endowment
Funds
Funds
2025
202S
2025
Total
Fund8
2025
Tolol
Funds
2024
Notes
Flxed Ass•ts
Investments
1,466.094
7.466,094
1.668,016
Total Flxed Assets
1,466,094
1.466.094
1,668.016
Current A55ets
Debtors
Cash at bank and in hand
11
12
556
56.707
556
67,995
693
3,594,938
11,288
Total Current Assets
11,288
57.263
68,551
3.595.631
Llabllltles
Credrttsrs.. amounts f8Ning due
wlhin one year
13
12,360
12,360
15.180
Net Assets less current liabilities
11,288
44,903
56,191
3.580.451
Total Net Assots at 31 Octob¢r 2025
1.477,382
44,903
1,522,285
5,248,467
Represented by..
The Funds of the Charlty
Tolal Charity Fund5 al 1 November 2024
1,048.467
4,21X),000
5,248,467
7.447,376
Movernent in Funds
428,915 14,200,000)
44.903 13,726.1821
3.801,091
Total Chartty Fund5 at 31 October 202$
15
1,477,382
44,903
1,522,285
5.248.467
Agreed 8ndsigned on behalfofthe Board of Twstees..
/1. z<
Rathbones Tffust
ompany Llmlted
Dat•
The notes on pages 8 to 14 fo￿ part of Ihèsè aecounts.

THE 51LLITOE CHARITABLE TRusr
Annual Report and Financlal Ststem•nts for the year end•d 31 Oetobar 2025
Note8 to th? Accounts
1 Ae¢ountlng Pollclg8
Charity Infomiatlon
The Silliloe Charitable Trust is regisleTed in England and Wales (reg no.. 11787131. Ils goveming body are the Trustees of
Seiyemènt dated 31 Oclober 2013. Its princlpal office is cjo Rathbones Trust Company, Port of Liverpool Building, Pier Head
Liverpool, L3 1 NW.
Th8 charfty Is a Publlc Benefrt Enlty as defir*d by FRS 102.
Ac¢ounting eonvention
The financial slatewnents have been prepared In accordance with the charws goveming document. the Charftles
Act 2011, FRS102 'The Flnancial Repofung Standard applicablè in the UK and Republic of Ireland" C'FRS102')
and the Charities SORP 'A￿ountIng and Reporting by Charilie5.' Slalement of Recommended Practice applicablè
to charities Preparing their accoun15 in a¢cordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) (second edition- October 2019- effective 1 January 20191.
Tho 8eeounls have been prepared to glva a 'tnfe and fairf view and so h8vè departed fomi the chal￿88
IAco)unts and Rèports) Regulations 2008 only to the extent required to prowide o 'true and lair Mew,. This
departur8 consists of 8dw>ling the current verston ol thg SORP IFRS 1021.
The aC￿UnIS are prepared in 5terfing. whith is Ihe functional currèncy of the charity. Moneiary amounts in these
rinanrial ststements are rounded to thè nèarest £.
The accounts havg been prePa￿d on tha historical cost convention. modifisd lo include the revaluation of
investrnent assets at fair value. The principal accounting poliutr8 adopted are set out below.
The principal accounting policies adopted are sel out below.
Going Concern
The Trustees have a55e5sed whether the use of Going Con￿rn is approprf818 and have coneluded that the
charity has adequate resources and reservès lo enable il to continue in operational existencè for the
foreseeablè future and there are r*0 material vncertainlies about the charity's ability lo continue a5 a going
concern. Thus the Trustees continue lo adopt the 'going eoncem, basts of accounting in preparing Ihe financial
Statements.
Charllable Funds
The charity holds Unrestricted Funds which arè available for use at the discrotion of the charity in furtherance of its
charitable objectivès unless the funds have been dosignaled for other purposes.
The charity holds Endowment Funds which are expendable and prim8rtly for income generation. The Expendable
Endowrnenl Fund increases or decreasos in line with the investment valuation. Transfers from the endowment funds are
made al the diserelitsn Of the trustees for the purpose of furthering the charitls purposes.
Income
Income is recognised when the charity is legal￿ entitle¢J to it after any perfomiance condthons have been met. th$
8mounl3 can be rneasu￿d reliably and it is probable that income will be received.
Cash dona1ions are recognised on recelpt. Other donations are recognised onc8 tho charty has been notified of the
donation, unless pèrfofrnance conditions require defèrol of rhe amount. Income Tax recoverable in ￿lation to
donalions re￿iVed under GiftArd t)r deeds of covenant is recognlsed al the ts'me of the donation.

THE SILLITOE CHARtTABLE TRUST
Annual Report #nd Financlal Slatements forthe year end8d 31 October 202S
Notes to the Accounts
Lega¢ies are recognised on receipt or otherwise if the charity has been notified of an irnpendin9
distribution, the am¢xJnt is known and receipt is e¥pe¢t¢d. 11 the amount is not known. the legacy is
t￿ated as a contingent ¥$$at.
Expenditurè
Expendiluye is recognised when there is a legal or constructive obligation for which it is more likely
than ntsl that a transfer of econornic benefit will be required in Settlement and the amount can
r¢llably measured as al tha reporting date.
conslNctive obligation exis15 where the charity has
ommunTcated the Commitment to pro￿de part4cular goods. $8rvices or funding to the recipient by the
reporting dale and Ihere are no conditions attached lo ils payment falling due after the Teporling date.
Cash gran15 rnadg are recognised when paid.
Piowsions lor liabilities must be recognised when either the tirning or Ihe arnoun¢ ol future expenditure required to
settle the obligalion is uncertain. These are distinguished separately on the balance sheet. If a transfer of resources
1$ no longer required, provisions are reversed and charged to Ihe SOFA.
Cash and cash equlval•nts
Cash at bank and in hand is held to meet short-term cash commitments as they fall duè rather than
for inve5trnent purposes. Cash and cash equivalents include cash in hand. deposits hèld at call with banks. olher short-terrn
bank5, other short-tem) liquid investrnents with orfginal malurities of thre& months or less and bank
overdrafts. Bank overdrafts are shown wtlhin borrowing5 in current liabilrties.
Flnancial In¥trum•ftts
The ¢harily has elected to apply the provisions ol Sèctlon 11 'Basi¢ Finanaal Instruments, and Section 12 '0ther
Flnancial Instrumenls185ues' of FRS 102 to all of its financial in51rumenls.
Frnancial instruments are recognised in the charitls balance sheèt when the charity becomes p8rty to the contractual
pfovisions of the instrument.
Flnancial assets and liabilthès are offset, with the net arnounts prèsented in the financial staternents, when there is a
leyally enforceable right lo set off the recognised arnounls and Ihere 1$ an intention to settle on a net basis or to rèallsè the
asset and sèttle the liability simultaneously.
Ba$lc finantlal assets
Basic financlal assets, which include debtors and cash and bank balonces, ara initialty measured al tran$athon pricè
including tran5aets.tsn costs and are Subsequently earried at amomised c05t Using the effective interest method unless the
arrangement con51itutes a financing lr8n5aclion, where the transaction 15 rne85ured al the P￿sent value of the future
ceipts dtscounled at a rnarket rato 01 interest. Financial assets dassffied as receivable within one yaar arè not
arnortised.
8asic finaneial Ilabillties
Basic financial liabilities. including creditors and bank loans are initially recijgnised at transadion price unless the
arrangement conslitutes a financing transaction, Whe￿ Ihe debt in5trurnent is measured al the PTe5ènl value of the
futur8 recelpts discounted al a market rale of interest. Financial liabilitiès classified as payable within onE year are not
amortised.
Debt Instrurnenls are sub5equènlly carried al amortised Eosl, using thé 8ffeclive interest rate method.
Trada credttors are obligations to pay for goods or 5ervi¢e that ha￿ been acquired in the ordinary coursè of operations
from suppliers. Amounts p8y8ble are classified as current liabilities if payment is due wthin one year or less. 11 not, th8y
Pao•9

THE SILUTOE cHAR￿ABLE TRUST
Annual R•port and Financial Statements forthe year end•d 31 Oetobor 2025
Not•s to th8 Accounts
are presented #i non-oJrrenl liabililTes. Trad& ¢redilors are rewgni58d initially at transaction price and subsequonuy
MeasU￿d at arnortised cost Using the effectiv8 Intèrèst mglhod.
can￿lIa110n of flnanelal IlabllitleB
Financial liabilities are d8rè¢ogn4sed wthen the charity's contractual obligations èxpire or are dischargad or cancelled.
2 Crltlral aecourtting e¥timatss and ludg•mènts
In the application of the Chari￿s accountiny policies, Ihe Trustee5 are required to make judgements,
estimates and assumptions about the carying arnount of assets and Ilabiliti0s that are not rgadity apparent
from other sources. The estimates and assti¢ialed assumptions ara based on historical experience and
other factors that are considered to b¥ relevanl. Aclual results may drfTerfrom these estlmala$.
The e81imales and undertw.ng as5urnplions are rewewgd on an ongoing ba515. Remsions to a¢counling
estimates are recognised in the period in which the estimaie 15 revised where the revision affects only that
period, or in the period of the rewsion and future periods vtherè the revision affects both current and future
periods.
3 DonationB
2025
2024
Cash
Investmènts at value
3,292,114
302,609
303,930
303,930
3,594 723
Related paty transaction, as datailad in note 17
4 Income from inv•Jtments
2025
2024
UK Equities
Unil Trust Interest
Unit Tmsl Incorne
REIT
Fixed Interest
Overseas Income
Overseas Interesl
Non-reclaimable lax paid at sourctr
Excéss Reportable Income
8,631
3.588
4,178
107
4.436
5.506
1,635
12831
1,299
14,769
3.953
3,993
497
3, 703
4.031
2,099
(285)
205
29 097
32,965
S Other Income
2025
2024
Bank Inière$l
23,915
7,406
23,915
7.406
Pwlo

THE SILLITOE CHARITABLE TRUST
Annual Report and Flnanclal Statements for thg y•ar ènded 31 October 2025
Notes to the Ateounts
6 Raising lunds
2025
2024
Investment management costs
21,469
22,4go
21,469
22.490
7 Charitable activitie5
Grant making..
Donation to Natural Hislory Museum
Govemance costs (note 81
2025
2024
4,200,000
6,810
10,950
4,206,810
8 Govemance Costs
2025
2024
A¢¢ountancy fee
Advisory and Adrninislralion fep
Tax and Compliance fee
Independent Examiner fee
Audrt feg
3,900
990
6(K)
1,320
3,600
1.950
600
4,800
6,810
70,950
Related party transaction as detailed in note 17
Investmènt ass•ts
Valu8 at
oin7r2024
Purchases
at cost
Sales
Reali5èd
proceeds G8insllL05sesl
Unrealised
Value al
GainsllLossesl 31110r2025
Oversea5
Bonds and Fixed Incorne
UK Equities and Inv Co
REIT and PropeTty Funds
816,327
156,700
887.677
7,312
210,079
102,150
77.819
1287.1631
110.759)
1412,0791
16.7301
18,3711
18801
(7,4531
15821
97,082
10,719
34,246
627,954
257.930
580,210
1.668 016
390.049
716.731
17,286
142,047
1,466,094
10 Net gain¥ Ilossesl on forelgn exchange
2025
2024
Unreali5ed gain Ilossl
Gain on foreign currency exchange
40.259
2.399
20.394
20.394
42,658
11 Debtor
2025
2024
Investment Income receivable
693
693
P49A 11

THE SILLITOE CHARITABLE TRUST
Annual Report and Flnanelal Stst•m¢nts for the year•nd•d 31 Octobor 2025
Nots$ to the Accounts
12 Co¥h at a•nk and in hand
2025
2024
Cash al Bank
67.995
3.594,938
67,995
3.594,938
13 Curr•nt IlabilEtlos: amounts falling dug wlthln on• y•ar
2025
2024
Rathbones Trust Company
Ralhbones Trust Company- prior y￿r
K M Business Solulions Ltd
4.890
6.150
1,320
6, 150
4,230
4,800
12,360
15, 180
14 Financlal Instrumènts
Expendabl•
Endowmènt
2025
Dè8lgnated Unrestricted
Funds
Funds
2025
2025
Total
Fund¥
2025
Total
Funfts
2024
Carryin9 amount of financial assets
Debt instrurnents receivable within one year
DebtDrs
Cash
556
56.707
693
67.995 3,594,938
11,288
11.288
57.2e3
88.551
3,595.631
Carrying amount of financial Ilabllitl•s
Payable within on8 year
Creditors
12,360
12.360
15, 180
12.380
12,360
Instruments measured at falr valu•
InvestTngnts al value
1.466.094
1.466.094
1,668.016
15 Movemonts belw•8n funds
B4tsnce at
oin1124
Galns I
Transfer Balanc• at
ILoss¢31 bets¥een funds
31110125
Income
exp•nditur•
Expendablè Endowmènts
Inveslrnents
1.048.467
305,229
121,469)
14S,155
1,477.382
Deslgnated funds:
Research Leader
4,200,000
14,200,000>
Unrèstricted fund¥:
General funds
S1.713
16.8101
44,903
Totsl tsnd5
5 248 467
356.942
4.228.279
145,155
1.522.285
Pa9è 12

THE SILUTOE CHARITABLE TRUST
Annual Report and Financral Statements ft>r the year ended 31 Octobor 2025
Note$ to th¢ A¢¢ounts
18 Addltlonal Infomiation
No amounts were paid lo the TTUSlees in respect of rernuneTa￿on. benèflis or out-tyf-pocket expenses duTing the year
ended 31 October 2025 or 31 October 2024.
The trust had no volunteers or èmployèes duiing the year Inil in 20241.
The Trustees are also Ihe Senior rnaTFagement personnel of the charity.
17 Related Party Tr¥nsactson¥
The trustees have consldered personal or oth8r interests in which as a result of a de¢ish)n made where an indNidual may
benefit financially or otherwise. either directly or incjirectly. In order to eomply with their duties. the trustee5 conlimi the person
affÈctÈd doès not take part in any discussions relating lo the issue concerned other than lo clarify fact5.
Apart from a donation made by Dr Sillitoe as detailed in note 3, which had no conditions attached lo it, no amount5 we
received by the charty from related partie5 during the year ended 31 October 2025 (nil in 20241.
Apart from payments toialling £5,490 (£6,150 in 20241 made to Rathbones Trust Company IRTCI. a trustee, for professional
services rendered. as pemitted by clause 2912llbl of the charity's governing document, no amounts wer& paid to any
related parties during the year ended 31 October 2025.
Rathbone5 Inv8Strnent Management IRIMI and RTC are bolh wholly owned subsidiarias of Rathbones Group PLC.
The investment management is undertaken by RIM at their standard terms a5 offered to other charili8s. RTC
are not oblige to engage or retain RIM as investment managers but do so Dn the basis that the tems and
perforrnance have been salislactory when compared lo alternativè providers of investrnenl management. The
matter is kept under review lo ensure that the charity ￿Ceive$ appropiiate and cost effective investment
managernent Servi￿5.
Nts other transactions require disdosure in respect ol the year ended 31 October 2025 or 31 October 2024.
Page 13

THE SILLITOE CHARITABLE TRUST
Annual Report ond Financial Stat•m#nts lorth• y•ar •nded 31 October 2025
Notss to th¢ A¢¢ounts
18 Comparative Statement of financlal activitles
Expend•tsle
Endowment
2024
Dejignated
Fund¥
2024
Unrestricted
Fund*
2024
Total
Funds
2024
Incom• and endowments from:
Donations and legaoe5
Investments
Olher Income
302.809
204
3.2¥2,114 3,$94.723
32,761
32.965
7,406
7.406
Total
302.813
3.332.281
3.635 094
Expèndlture on:
Raising funils
Charitable acti￿tIeS
22,490
22.490
10,950
10,950
Net gainslllossesl on investment assets
Net gains1{Iosses1 on foreign exchango
156,779
42.658
156,779
42,658
Ngt In¢omolèxpendltur•
479,760
3,321,331
3.801.091
Transfers btheen funds
1802.1081
4.200,000
13,397,892)
N•t movement in Funds
1322.3481
4,200.000
176.5611
3.801,091
Re¢on¢iliation of funds
Totsl Funds as at 1 November 2023
1,370,815
76,561
1,447.376
Total Funds as at 31 October 2024
1,048,467
4,200,000
5,248,467
P40 14