REGISTERED COMPANY NUMBER: 11449025 (England and Wales)
REGISTERED CHARXTY NUMBER: 1183615
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENYS
FOR THE YEAR ENDED 31ST JULY 2025
FOR
THE TRiIST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
Clemence Hoar Cummlngs
Charte￿d Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

THE TRUST FOR SXR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31STJULY 2025
Pa9e
Report of the Trustee$
Independent Examiner's Report
Statement c•f Financial Activitles
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements
8 to 13
Detailed Statement of Financial Activtties
14

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST JULY 2025
The trustees who a￿ also dlrectors of the charlty for the purposes of the c.ompanies Act 2006, present
thelr report wlth the flnanclal statements of the charlty for the year ended 31st July 2025, The trustees
have adopted the provlslons of Accounting and Reportlng by Charities.. Statement of Recommended
Pra¢tlce appllcable to charlties preparlng thelr accounts In eccordance wlth the Flnanclal Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l JarEuary 2019}.
OBJECTIVES AND ACTXVXTXES
Objectives arsd aFrnS
The purpose5 of the trusl are to support edL5catlonal pmjects, relief of slckness and promotlon of good
phystcal and mental wellbeing, the promotion of religious harmony between faiths through educatlon and
the preservation and conservation Df hlstoric buildings and mc>numents and hlstorlcal records and
archives and education of the public in the bulldlngs, memorials and related events.
Significant activities
During the the year the trust re￿]Ved in from the Executor5 of Lady Elizabeth Thorne a portfolio ¥vhich Is
administer'ed by Charles Stanley and will provide incotne in the future to fund the charltable activltles of
the Trust. The executors of the estate also further donations into the trust of incotrEe received
durlng admlnlslratlon. The charity has been able to make a number of grants to charitable illstitutions..
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governlng document, 3 deed of trtjst, and constitutes a Ilmlted company,
limlted by guarantee, a5 defined by the Companie5 Act 2006.
Rtsk management
The trustees have a duty to Identlfy and revlew the rlsks to whlch the charity Is exposed and to ensure
approprlate controls are In place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINXSTRATIVE DETAILS
Registered Company number
11449025 (England and Wales)
Registered Charity number
1183615
Registered office
CIO Virtual Corllpany Secretary Limited
7 York Road
Woklng
Surrey
GU22 7XH
Trustees
S Thorne Parllamentary Advisor
N Thorne Parliamentary Consultant
A Montlake Solicitor
S J Sanders Business Development Director
Company Secretary
ARM Secretarie5 Limlted
Page I

THE TRUST FOR SXR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED (REGISTERED NUMBER: 11449025)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31STJULY 2025
REFERÈNCE AND ADMINISTRATIVE DETAILS
Jndependent Examlner
Davld Belbln
Clemence Huar cu[T￿l￿g$
Chartered Accountants
Rlverslde House
1-5 Como Street
Romford
E55ex
RM7 70N
Approved by order of the board of trustees on 24th Aprll 2026 and sl¥ned or> Its behalf by,.
N Thome - Trustee
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE TRUST FOR SIR NEIL AND LADIES SHEIiA
AND ELIZABETH THORNE LIMITED
Independent examiner's report to the trustees of The Trust For Sir Neil and Lodies Sheila and
Elizabeth Thorne Limited ('the Company,)
I report to the charlly trustees on my examination of the accounts of the Company for the year ended
31st July 2025.
Respon5Èbilitie5 and basis of report
As the charity's trustees of tho Company land also its dlrertors for the purposes of company law) you are
responslble for the Preparation of the accounts in accordance with the requlrements of the Companles Act
20061'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not ￿qUired to be audited under Part 16 of
the 2006 Act and are eligible for independent examlnation, I report in respect of my examlnation of your
harily's accounts as carrled out under Sectlon 145 or the Charities Act 2Qll I'the 2011 ALt'). In carrylng
out my cxamlnation I have followed the Directlons given by the Charity Commi£slon under Sectio
145151 (b) of the 2011 Act.
Independent examiner's statement
I have completed my examlnatlon. I confirm that no matters have come to my attention in connectlon
wlth the examination giving me cause to belleve..
accounting records wefft not kept Én respert of the Company as requlred by Sectio>n 386 of the
2006 Act; or
the accounts do not accord with those records,. or
the accounts do not comply wlth the accouF)ting requlrements of Section 396 of the 2006 Att Other
than any requirenient that the account5 give è true and fair view which is not a matter consldered
as part of an independent examlnatlon. or
the accounts hève not been prepared Trn accordan￿ wlth the methods and prlnciples of the
statement of Recommended Practice for accounting and reporting by charlties (applicable to
charitie5 preparing their accounts in accordan￿ wlth the Flnancial Reportlng Standard applkable in
the UK and Republic of Ireland IFRS 10211.
I have no conTrrns and have come across no other matters In connection with the examination to whlch
attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be
reached,
David Belbin
Clemence Hoar Cummlngs
Cliartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
24th Aprll 2C126
Page 3

THE TRUST FOR SIR NEfL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31STJULY 2025
2025
Unrestricted
fund
2024
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
33,210
33,590
EXPENDITURE ON
Raislng funds
5,322
4,903
Char5table activitles
Grants to Instibtstions
11,445
24,558
Total
16,767
29,461
Net galns on investments
61,749
105,115
NET INCOME
78,192
109,244
RECONCILIATION OF FUNDS
Totsl funds brought forward
1.369,570
1,260,326
TOTAL FUNDS CARRIED FORWARD
1,447,762
1,369,570
The notes fomi part of these financial statements
Page 4

THE TRUST FOR SIR NEIL AND LADies SHEILA
AND EUZABETH THORNE LfMThED {REQISTERED NUMBER.. 11449025)
BALANCE SHEET
31STJULY 2025
2025
VTrrestrEcted
fund
2024
Total
runds
Notes
FIXED ASSETS
Investm¢nts
Investments
Investment property
858,999
400,000
825,574
400,000
io
&258,999
1,225,574
CURRENT ASSETS
Cash at bank
190,947
145,538
CREDrroRS
Amounts falllng due wlthlfi one year
li
(2,184)
(1,542)
NET CURRENT ASSETS
188,763
143,996
TOTAL ASSETS LESS CURRENT
LEABIUTIES
1,447,762
1,369,570
NET ASSETS
1,447.762
1,369,570
FUNDS
Unre5trlrted fvnds
12
1.447.762
1,369,570
TOTAL FUNDS
1,447,762
1,369,570
The charltable company Is entltled to exemptlon from audlt under Secilon 477 of the Cgmpanles Att 2006
for the year ended 31st July 2025.
The members have not requlred thè company to obtaln )n audlt of Its finandal statements for the year
ended 31st July 2025 In a￿Ordan￿ wlth Sectlon 476 of the Companie5 Att 2006.
The tru5tee5 acknowledge thelr re5ponslbllltles for
{a)
ensurlng that the charltable company keeps accountlng records that comply wlth Sectlon5 386 and
387 of the Companles Act 2006 and
Ib) prepèrfng flnanclal statements whlch glve a true and falr vlew of the state of affa1￿ of the
charitsble company as at the end of oèth financlal year and of Its surplus or deflclt for ea¢h
flnanclèl year In atcordance wlth the requlrements of SettloNs 394 and 395 and whlch otherwlse
compty wlth the requlrements of the Companles Act 2006 relatlng to flnandal statements, so far as
appllcable to the charftable company,
These flnanclal statements have been prepared In accordance wlth the provlslons appllcable to charftabEe
companles subject to the small cornpanles re9lme,
The flnan¢lal statements were approved by the Board of Trustee5 and authorfsed for Issue on
24th Aprll 202S and were slgned on Its behalf by..
N Thome- Twstee
The notes form part of these flnanclal Statements
Page 5

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 315TJULY 2025
2025
2024
Notes
Cash flows from operating activ5ties
Cash generated from operations
14,658
4,286
Net cash provided by operatlng activlties
14,658
4,286
Cash flows from investln9 activStles
Purchase of fixed asset Investments
Sale of fixed asset Investments
Intcrost received
(65,540)
96,089
202
(22,407)
45,555
185
Net cash provlded by investing activities
30,751
23,333
Change in cash and cash
tqulvalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
45,409
27,619
145,538
114,510
Cash and cash equlvalents atthe
end of the reporting period
190,947
145,538
The notes fomi part of these financial statements
Page 6

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE UMXTED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST JULY 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVXTXES
2025
2024
Net income for the reporting period (as per the Statement
of Financial Activitles)
AdSustmènts for:
Galn on Investments
Interest ￿CeIved
Prevlou51y unrealised gains crystallised
Increase In credltors
78,192
109,244
{61,749)
(202)
(2,225)
642
(105,IL51
11851
342
Net cash provided by operations
14,658
4,286
ANALYSIS OF CHANGES IN NET FUNDS
At 1.6.24
Cash flow
At 31.7,25
Net cash
Cash at bank
145,538
45,409
190,947
145,538
45,409
190,947
Total
145,538
45,409
190,947
The notes form part of these financial statements
Page 7

THE TRUST FOR SXR NEXL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31ST JULY 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial staternents of the charÉtable company, which is a public beneflt entity under FRS 102,
have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting
by Charitles.. Statement of Recommended Practlce appllcable to charllles prepar¢ng their aCCOLtnts
In accordance with the Ffjnanclal Reportlng Standard applicable In the UK and Republic of Ireland
(FRS 102) (effective l January 2019),, Financial Reportin9 Standard t02 'The Financial Reporting
Standard appllcable in the UK and Republlc of Ireland, and the Companles Act 2006. The flnanclal
statements have been prepared under the historical cost conventlDn, with the exceptio[5 of
Investments which are Included at market value, as modified by the revaluation of certain assets.
Income
All Income is recognised in the Statement of Flnanclal Actlvltles once the charily has entitlement to
the funds, It Is probable that the Income W￿11 be re￿iVed and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as sotsn as there is a legal or constructlve obligatlon
committlng the charlty to that expenditure, It Is probable that a transfer of economic benefit5 wlll
be iequired in settlement and the amount of the obligation can be measured rellably. Expendlture
is accounted for on an accrua15 basls and ha5 been classified Ljnder headlngs thèt aggregate all
cost related to the category. Where costs cannot be directly attributed to partlcular headlngs they
have been allocated to activities on a basis consistent with the use of resourtrs.
Grants offered subject to conditions which have not been met at the year end date are noted as a
tommltment but not accrued as expenditure.
Investment propertv
Investment property is shown at most recent valuation. Any aggregate Surplus or deflcit arlslng
from changes in fair value is recognised in the Statement OF Financial Activities.
Taxation
The charity Is exempt from corporation tax on Its charttable actlvitles,
Fund accounting
Unrestrfcted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restrlrted funds can only be used for partlcular restrlcted purposes within the objects of the
chèrlty. Restrictions arise when specified by the donor or when funds are ralsed for particular
restricted purposes.
Further explanation of the nature and purpose of each fund is Included In the note5 to the financial
Statements.
INVESTMENT INCOME
2025
2024
Rents received
Portfolio Investment income
Curr asset Inv Income
18,600
14,408
202
18,300
15, 105
185
33,210
33,590
Page 8
contlnued.,.

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELXZABEfH THORNE LIMITED
NOTES TO THE FINANCIALSTATEMENTS- continued
FOR THE YEAR ENDED 31ST JULY 2025
RAISING FUNDS
Raising donations and legacie5
2025
2024
Support Costs
66
71
Other trading activities
2025
2024
Property Repalrs
Insurance of Property
770
737
276
957
1,507
1,233
Investment management C05t5
2025
2024
Portfollo management
3,749
3,599
Aggregate amounts
5,322
4,903
CHARxfABLE ACTIVITIES COSTS
Grant
funding of
activltles
Isee note
Support
costs (see
note 6}
5)
Totals
Grants to Institutions
7,017
4,428
11,445
GRANTS PAYABLE
2025
2024
Grants to Institutions
7,017
22,250
Page 9
continued..,

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST JULY 2025
SUPPORT COSTS
Governance
costs
Management
Flnan
Totals
Ralsing donations and legacles
Grants to Institutions
66
66
4,428
2,312
2,116
2,312
66
2,116
4,494
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneratlon or other beneftts For the year ended 31st July 2025 nor for
the year ended 31st July 2024.
Twstees, expen$e$
There were no trustees. expen5e5 pald for the year ended 31st Juty 2025 nor for the year ended
31st July 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTXVITIES
VnrestrScted
fund
INCOME AND ENDOWMENTS FROM
Investment income
33,590
EXPENDITURE ON
Ralslng funds
4,903
Charitable activities
Grants to Institutions
24,558
Total
29,461
hlet galns on Investments
105,115
NET XNCOME
109,244
RECONCILIATION OF FUNDS
Total fvnd5 brought forward
1,260,326
TOTAL FUNDS CARRIED FORWARD
1,3S9,570
Page 10
contlnued..

THE TRUST FOR SIR NEILAND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
NOTES TO YHE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2025
FIXED ASSET INVESTMENTS
Llsted
investments
MARKEf VALUE
At 1st August 2024
Addition5
Disposals
Revaluations
825,574
65,540
(101.618}
69,503
At 3lst July 2025
858,999
NET BOOK VALUE
At 31st July 2025
858,999
At 31st July 2024
825,574
The investment portfolio is managed by Charle5 Stanley stockbroker5 based In the UK. Withln the
portfollo held at 31 July 2025 of £858,999 12024
£825,574) are a55ets whlch are held In
oversetss ¢omp3nles and Investment funds which totalled £160,015 12024 £153,164)
Cost or valuation at 31st July 2025 É5 represented by..
Listed
Investments
Valuation In 2020
Valuation IN 2021
Valuation in 2022
Valuation in 2023
Valuatioll in 2024
Valuatlon In 2025
Cost
31,031
160,711
(94,662)
(16,634)
78,558
33,245
666,750
8S8,999
10. JNVESTMENT PROPERTY
FAIR VALUE
At 1st August 2024
and 31st July 2025
400,000
NET BOOK VALUE
At 31st July 2025
400,000
At 31st July 2024
400,000
Page 11
ctsntlnued...

THE TRUST FOR SXR NEIL AND LADIES SHEILA
AND ELJZABETH THORNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST JULY 2025
11. CREDIfoKS: AMOUNTS FALLXNG DUE WXTHIN ONE YEAR
2025
2D24
Other credltors
Accrued expenses
564
1,620
1,542
2,184
1,542
12.
MOVEMENT IN FUNDS
Net
movement
In funds
At
31.7.25
At 1.8.24
Unrestricted funds
General fund
1,369,570
78,192 1,447,762
TOTAL FUNDS
1,369,570
78,192
1,447,762
Net movement in funds, included in the above are as follow5-
Incoming
re50urces
Resources
exp2ncfed
Galns and
105ses
Movement
in funds
Unrestricted funds
General fund
33,210
{16,767)
61,749
78,Ig2
TOTAL FUNDS
33,210
(16,767)
61,749
78,192
Comparatives for movement funds
et
movement
n funds
At
31.7.24
At 1.8.23
Unrestrictod funds
General fund
1,260,326
109,244
1,369,570
TOTAL FUNDS
1,26Q,326
109,244
1,369,570
Comparative net movement in fvnds, included In the above are as follows..
Incoming
re50urce5
Resources
expended
Gain5 and
losses
Movetnent
in fund5
Unrestricted funds
General fund
33,590
(29,4611
105,115
109,244
TOYAL FUNDS
33,590
(29,4611
105,115
109,244
Page 12
continued...

THE TRUST FOR SIR NEIL AND LADIES SHEILA
AND ELIZABETH THORNE LIMITED
NOTES TO THE FINANCtAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31STJULY 2025
12.
MOVEMENT IN FUNDS- contlnued
A current year 12 months and prior year 12 mtsnths wmblned posltlon Is as follows..
Net
movement
In funds
At
31.7.25
At 1.8.23
Unrestricted funds
Gen&ral fund
1,260,326
187,436
1,447,762
TOTAL FUNDS
1,260,326
187,436
1,447,762
A current year 12 months and prior year 12 months combined net movement in funds, Included in
the above are as follows..
Incoming
reSoUr￿S
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted fund$
General fund
66,800
146,228)
166,864
187,436
TOTAL FUNDS
66,800
{46,2281
166,864
187,436
13.
RELATED PARTY DXSCLOSURES
At the Balance sheet date the Trust owed £563.91 to a company owned by Slr Neil Thorne,
trustee, En respect of tnonies ith relation to the malntenance tsf the Investment property. 12024
Page 13

THE TRUST FOR SIR NEEL AND LADIES SHEILA
AND ELIZABETH THORNE LIMETED
DETAILED STATEMENT OF FENANCIAL ACTIVITIES
FOR THE YEAR ENDED 31STJULY 2025
2025
2024
INCOME AND ENDOWMENTS
Investment income
Rents reTrived
Portfolio Investment income
Curr asset Inv income
18,600
14,408
202
18,300
15,105
185
33,210
33,590
Total Incomlng resources
33,210
33,590
EXPENDITURE
Other trading activities
Property Repairs
Ensuran¢e of Property
770
737
276
957
1,507
1,233
Xnvestment management costs
Portfollo management
3,749
3,599
Charitable activltle5
Grants to institutlons
7,017
22,250
Support costs
Managemerst
Ground Renl
Service Charge
822
1,490
2,312
Finance
Bank charge5
66
71
Governance costs
Accountancy and legal fee5
116
2,308
Total resources expended
16,767
29,461
Net Irscome before gains and lossès
16,443
4,129
Reallsed recognlsed gains and losses
Reali5ed gain5/llossesl ON frAed asset
Envestments
(5,529)
18,719)
Net income/(expenditure)
10,914
14,590)
Thls page does not fDrtn part of the statutory financSal statements
Page 14