ct/ THE IRENE PRESTWICH TRUST CIO TRUSTEESI ANNUAL REPORT AND FINANCIAL STATEMENTS 31- MARCH 2025 COMPANY REGISTRATION NUMBER:. CE020117 CHARITY REGISTRATION NUMBER:. 1187101 CARSON & TROTTER CHARTERED ACCOUNTANTS 123 IRISH STRE DUMFRIES DG12PE
The Irene Preshvi h Thist CIO al and %dmlnistrative illfoTmatioD Trust¢es B. J. Down . Chair D. L. Buxton R. Hewett R. Potter T.J. Turn Secretary P. J. Gill Charity number 1187101 CompatLynumlxr CE020117 Accountallts Carsoo & Trotter C.A. Chartered Accowitants 123 trish Street Dumfries DGI 2PF Business Mddre& l Heather Cottages SunDydell lane Farnba Surrey GUIO 4RB Bankers The Co-operativ¢ Bank PLC 60-62 Pinslone Street Sheffield SI 2HN tnvestment Managers Barclays Wcalth Avenue HQ 17 Manll Island Liverp] L3 IBP CCLA Senator House 85 Queen Victoria Street LA)ndoD EC4V 4ET SolicitOTS Lupton & Faw¢¢tt Ltp Stamford House Piccadilly York Yol 9PP
The Irene Prestwlcb Trust CIO ten Page TTUStees' Annual RetKyrt tndq)endent Examiner's Report Statement of Financial Activitie8 Balance sheet io Notes to the financial statements
The Irene Prestwfficb Trn$t CIO Trusteesl AnnuAI Re ort for the eAr ellded 31st March 2025 The Truste¢s of the lrn¢ Pr¢stwich Trust CIO present their Annual Report and Financial Statements for the year ended 31st March 2025. The financial statements have been prepar¢d in awordanc¢ with accounting policies set out uttder note i to thc accounts. and Comply with the CIO'S ConstItIOn. the CbaTities Act 2011 and Accounting and Reporting by Charities.. SiatrmeDt of Recommended Practice applicable to cbarities prcparing their accounts in accordance with the Financial Reporting Standard applicable in tbe UK and Republic of Freland (FRS 102) publishtjj in October 2019. Objeelives & Activitie$ Princi al activi The Irene Prestwich Thst CIO (the Chlty) is a Charitable lllCQll)orated Orgalli5ation, (chaTity number 1187101). registered with the Charity Commission of EnglaDd and Wales. The Chariws objects and T¢gulatioDs are deterniined by its Constitution dated 20 December 2019. tbis being the governing documenL The object of the Charity 18 for the public benefit: the advancement of the Cbristian religion by* but not litnited to. promoting and encouraging the Christian values of ron¢111auon and p¢a¢¢. truth telling and the fimdamental belicf in human rigbt5. In furth¢ran¢e of this the Charity will provide grants to organisatiODS and individuals who seek to achieve these aims and due to Irene Prestwich's close association with Initiatives of Change {lofC) the Charity strongly supports Ioti and its Telated initiative5 and projects. As a ChaTitable IncoTporated Organisation it continues the work of The Irene Prestwich Trnsl In¢orpornting the Tirley Garth Trust (the Trust). all unincorporated charity (nUb¢r 241469), by PTiar11y. but not exclusively, supporting Ihe work of tbe ]nitialives of Change (Ioif), a m0vell1 dcdicated lo remaking the world. It is a faith-based charity working with people of all faiths and none, to inspirc, equip and connect them to take their r]rst step ill creating a just. ¢qual. and sustainable society. A brief history of the Charity is included below.. tion o The Irene Preshvich Tn4st CIO In 1932 Irene Prestwich met Thc Oxford Group (Iolc UK) which challenged her to build a world that works. founded on people living high mora] standards and obeying ihe Nvill of God on a moment to moment basis,. As sh¢ put th¢ id¢als into practice she put old resentments righi and began lo rd a new r¢lalion5hip with ber sister. Irene Prestwith IoDged thai her large family home in Cbesbire Call Tirley Ga should be used so that 'thousands' could filld the personal change in their lives that She had found. I Ihought of my hom¢ with tbrongs of people coming in with their problems and going out with God,. During the war years Irene Prc5twich nwle her home available as a centre for Moral Re-Armament (MRA) a5 The Oxford Group was then lled. It became a haven for soldiers on leave and pp]e from blitz-torn tA)ndon, while land-girls wrote and published morale building articles there in the evenings. PAge I
The Irene Prestwich Trust CIO Trustees, Allllual Re ort for the ear ended 31st Mar¢b 2025 In 1949 Irene Prestwicb 5pcnt a]1 of saNryngs to enable the Tirley Gartb Trust to buy Tirley Gartb. which had previously been rented, 80 it could continue to be used as conferen¢e ca)tre for MRA work. The Irene Prestwich Trust was also set up at tbe same time to mauagr this work. From its base at Tirley Garth, Thc Irene Prestwich Twst sought lo reach out to pcople in all aspects of life including industry. education, medical professions and civic life through other Christian bodi¢s. Over th¢ years thousands from Britain and around tbe world catne to Tirley Gartb for m¢etiDgs and conferences or to stay for longer periods livin8 together as community. This had a beneficial effect on families, society and in positively infhjencing the direclioll of llatiODS. Eventually in 2002 thc Tirley Garth centre was sold and in 2005 th¢ Tirley Garth Trust, which had pr¢viously olvncd the Tirley Gartb Centre, transferred all of its activities and assets to The Irene Prestwich Trnst. In order to keep the name of The Tirley Garth Trust alive the Trustces dccided to register the namc with the Charity Commission as The Ircne Preslwirh Tst IncoTating the Tirl¢y Gartb TTUSt'. It operated as a grant making body pursuing the &ame objects as before. In 2019 the Trustccs of the Tn]st sought to incorporate tbe Charitv and on 20 December 2019 The Irene Prestwich Trnst Charitable Incorporated Organisation (CIO) was registered by the Charity Commission in England and Wales with an identical set of trustces and similaT objects. The Grant MAkIng Llfe Cyele Thosc wishing to approach the Charity for Funds should contact secretary@iptcio.org. Th¢ TrustCCS ODIY consider completed grant applications Teceived by 10 January, lo April and l O September, ea¢h date being one month prior to their tri-antjual rneetings. As a matter of policy late applications are not considered. Grdnt appli¢ants are requiTcd to complete an application forn]. which aims to detennine the Dature and objectives of the applicallt's projecl and to supply a detailed budget on how the fimds are intended to be spent. Furthermorc, each grant appli¢aDI musl provide the Cbarity with the details of a suitable Independent Referee who can bear witness to Ibe project activities, be responsible for submitting an independent report and if required can also be contacted by the Charity for further detail, clarification and COnltion. Prior to each an1 round mceting. the Trustees are Provided with copies of the applications and budgcts to allow time to considcr the outcome5 tbat ¢aoh projed is likely to bring and the extent that cach grant reprcscDt5 value for money. Where appIltiOnS request fijnds for work spe¢ifica]ly linked to the Work of Jniliatives of Change (Iofc) then applicants must also demonstrate how their projectlprogramme fits into the overall objectives and spirit of lofc and IPT. Thc applicants may bc required to supply further information ill order lo clarify aspects of their applicatio At the grant round mecting, thc applications are assessed in a group discussion using the assessment criteria. until a consensus on funding is reached. As funds are limited the Trustees may be unable to respond favourably to all applicant The applicants are then infornicd of the TTuslees' decisions. and wherc successful. arrangements are made to transfer funds in accordance with their funding requirements timetable. As a rule the Charity does not send nds to pttsonal bank accounts. Funds are sent to th¢ verified organisational bank accounts including those of IotE teams (independently registered organisationa] accoullts belollging ¢0 memb¢[ bodi¢s ofknitiatives of Cl]ange International Association) in the county they are required. Page 2
Tbe Irene Prestwlch Trust Clo Trusteesl Annual Re for the ear ended 31st March 2025 The results and outcomes of all grantees, activities are assessed and monitored through a TCPOrting system that all grantees are obliged to follow. Each grant winner must submit a report to the ChaTity on completi(m of their funded activity. In cases of long-temi projects, they will be required to submit interim reports at regular xntenrals. The Independellt Referee is asked to report on the efficiency of the use of grants by the te£S separately. Athievements and performanee During the financial y¢ar under review (2024-25) the Charily continued its grant makinE activity until November 2024. At that litlle a rcview of governance and prdctice led the Trustees lo pause grant making activities and concentrate their time on rethinking their funding methodology, papeork and ¢omplian¢e and to consider wbethtt they should offer mor¢ sustainabl¢ ways ¢0 ensure the th¢y make arc both sustainable, developmental and of publi¢ benefiL While pausin¥ grant making activities. the Trustees maintained a ¢los¢ monitoring orth¢ Trust's IDvestsD¢nt perfornlance through: a) The Charit$ tnvestment Commitlcc worked c105¢1y with the investrnent managers to monitor risks and keep trnstees inforn)ed. b) The Charity followcd its policy to only sell investments to cover the grdnl giving and administrative costs, in ordeT to stay operational in peryethity. ) One tNslee finished their term early for health reasons. Three new Trnstees joined the Board. d) New trnslccs wcre invited to join th¢ Charity and ¢umt Tte¢S voted to invite them lo join. ¢) Trustee meetlDgs were held both online and face to face. fj The Charity held two grant appliti0ll m¢etings. awarding six gtants ID total. g) Trustees conducted a vIeW of all paperwork alld introduced new methods of ensuring Independent Referee role5 wcrc improved and supported by Trustees. Granied The ChaTity made grants in the year under review tolalling £50.655 and these are list in Nol¢ 7 tt) the Accounts. For the purposes of clhrification and analysis grdnts given are loosely categoris¢d under the following headings. 2024125 £29,655 £10,000 £1 1.000 £50.655 2023124 2022123 £43.777 £61.249 £21,520 £25.590 £30.5W £23,560 £98,847 £IIOJ99 lofc Support Outr¢ach Work Peace Building Total Pag¢ 3
The Irene Prestwlch Trust CIO TnTrstee8' AnDual Re ort for the 'ear ettded 31st Mar¢h 2025 IniliL71ives o Chon e Su ri A Common fcatll of the Iofc training programmes nded by The trene Prestwich Trnst CIO is tbat they all have moral and eibical content within them based on Christian principles. The broad range of training programmes nded around the world tuakes for a ri¢hK exchange of stories, experiences and pffl3pectives that serve to further inspire individuals to make positive cbanges iti their own lives and communities. The funds granted have mainly been utilised to subsidise accommodatiQD. outreach initiatives and soinetim¢s travel. Initiatives of Change I¢mational used IPT fiumling: a) Accommodation for South Am¢ri¢ary Young Peopl¢ Ini¢iaiives ofckange Internatn01, Switterl&nd b) Trdvel to India IntilatiS of Chqrtge Elden. loJLInternaltoMol. Switserlottd c) Accommodation for Core Team at India Conference Irtiliattves of Clwnge lniernalQI, Swiizerldnd d) Accommodation Jnternational Council. London Iniiiaiives of Change JnternaÉionol. Swilzerlond e) Young People's Trailling Progralljme, India InitwÉive& ofchange Intenli01. Swi'lzerland (granl returnedas ihu did pwi iakeplace) Outreach Work a) tnitiatives of ChaDge/MRA llldia Jojf Ouireach Work in India Peace BuEldin a) tnitiatives of Change Kenya, lo Kcnya Peacemaking activiti Page 4
The Irene Prestwl¢b Trust CIO Trustees, AnDual Re ort for the e&r ended 31st March 2025 Flnanclal Review Invulmenl slrate andRkMatt emenl In accordance with thc Investment Policy Stst¢ment the Charity is ¢xpe¢i¢d to ¢xisl in perpetuity and the investments are managed to Ibe same time horizon. Because of this. the investh)enl strategy is to balance Capital groThrth with the grant giving iti such a way that th¢ value of investments is at l¢ast mainlain¢d with r¢spect to tbe ConsLuner Price Index (CPD. The investment portfolio is Currently split between Barclays Wealth and CCLA with both investment managers adopting a medium risk Total Returns Strategy. Review o Iransa¢ttons and IFwncial A CODsequen¢e of adopting a Total Returns Strategy is thal dividends and iDteTest are added to the investh]ent portfolio and as such the Charity sells boldings in order to fvnd thc grdllt giving activities. This requires the Trustees to nallY adjust the grant giving budget as It is dependent upon the inv&stm¢nl perforn)anc¢ and valuation. During 2£k25 the valuation of the investments experienced significant swings mainly as a consequence of the global tariffs imposed by the US. Between January and the end of March loss of almost £384k were seen r¢suliing in a slight loss in The Twsl's investment valuation over the year. Global markels continue to be bulent with the appointed Investment Managers monitoring the risks and keeping the tn]stees informed. a) On the 31st March 2025 the investment portfolio was valued at £6,828,957 which is a decrease from the previous year's valuation of £6.856,727. b) Investm1$ to the value of £60.000 were sold to cover both th¢ grant giving process and administration costs. c) Income from Donors was £350. d) Return of unspent grantg to IPT CIO iotalled £11,911.64. ¢) Cash held in the Co-op current account on the 3 1st March 2025 was £10,160.69 g Grants totall¢d £50.655 Page 5
The Irelle Pre8twlch Trust CIO Trnstees, AnnuAI Re ort for the ear ended 31st Mareh 2025 Plany Ulure Trustees will continuc to award grants to projects matching the criteria for fvnding and will ¢onduct aD overview of perforn)an¢¢ and governance of the Charity in ils best illteresl. The Ttustees have recogrtised that existing in perpetuity is a requirement of botb Ib¢ ChaTity and the inveslmenl fvndg, so for 2024-25 the budget was set at £120.0(KJ maiDtaining the annual expendithre and sale of investmenl funds. However, should th¢ investment valualioD change then the Trustees may decide to revise the budget. Structure overnance ond mana emenl The Trustees are eligible in committee lo appoint additional trustees under the t¢rnis of th¢ Constitution. Much care is taken to ensure the suitability of those invited lo bccome trustees. that they should be persons of ititegrity and have some appropriate and specific knowledge and contribution to make. They are given thorough briefing about the history and role of the Charity. as well as its operation, investments and grant giving activities. During 2024-25 there was one resignation and three appointsn¢nts. Apart from legitimate reimbursement of exp¢nses none of the Trnstees Ceive any rernunffition. The Truslees nornially mcel four times a year to oversee governan¢e, plannin8 attd to reach dlSIonS about grant making requests and investment policies. MectiDgs happened online and iti person. Reference and Admillistrative Details: olluwin Tywtees o the Ckari held o David L Buxton Barbara J. Down (Chair) Phoebe J. Gill (Chair) (Resigned 30th Mar¢h 2025) Ruth Hewclt {Appointed May 2024) Rumbi Poltet (Appointed Dccember 2024) T-Jay Turner (Appointed December 2024) Brian C. ThiTlaway (Resigned 18th Novemb¢r 2024) Ice durin ihe Charity Number 1187101 Company Number CE020117 Busincss Address l Heather Cottages Sunnyd¢ll Lane Farnhalk) GUIO 4RB Ind¢peDdent Examiners Carson & Trotter Chartered Accowitants 123 Irish Street Dumfries. DGI 2PE Page 6
The Irene Prestwlcb Th18t CIO Trustees, Annual Re ort for the ear ended 31st Mareh 2025 Policies ond Public Bene The Trnstees take into account thc Charity CoD]mission's guidance on public benefit and the specific guidance on charities for the advancement of religion. The Charity supports proj18 of tnitiatives of Challge (Iofc) arjd similar organisations as it places great valve on their continuing role in bringing about reconciliation and transforniation ill personal aDd publi¢ life. The Ch&ity believes that the change that results from individuals who apply moral standards in their personal lives have a positive ¢ffect on social and public issucs. Th¢ Charity ¢ontinues Irene Prestwich's vision that her home be used to help people find the personal transformation she herself experienced. This work was startcd by the pioneer Frank Buchman, a Lutheran minister, who reacbed out to p¢ople of different fattbs as well as many who were agnostic or atheist. He expressed truths in ways that were unconventional and sometimes did not sound religious- although they all Sprang from his personal Christian faith. Thc Trustees follow in tbi8 tradition and con$id¢T their tivitieS to be advancing the Christian religion in accordance with the Charitys Objects. Thistees Respon8ibilltles The Trustees arc responsibl¢ for PTEparing the Trustees, Annual Report aud the Financial Statements i accordancc with applicable law and United Kingdom Accounting Standards (United Kingdom's generally accepted accounting pra¢ti¢e). The law applicable to chaTilies in Englaud and Wales requires the Trustees to prepare financial statements for cach financial year, which give a ttwe and fair view of the statc of alfairs of th¢ Charity. the incomitig resources and thc application of charity resources foT that period. Jn PTeparation the Trustees are required to.. a) Select suitable accounting policies and apply them consistently. b) Observe the methods and principles on the Charities SORP. C) Makc judgements and estimates that are reasonable and prndent. d) State whethw appli¢ablc accounting standards have been followcd, Subject to any material departures disclosed and explained in the fmancial stal¢menls" ¢) Prepare the fiJw)¢ial statements on the basis that the c]wiiy is an ougoing Concern, unless it 18 inappropriate to presume the Charttywill continue in business. The TnJstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Chari¢y and to enable thcm to ensure that the financia] statem¢nts comply with the ChaTities Act of 2011, the Charlties (Accounts & Reports) Regulations 2008 and Trnst Deed. They are responsible for safeguarding the assets of thc Charity and hence for taking reasonable steps for the prevention and det¢¢tion of fraud alld other irregularities. This report was approved by the Trustees at their meeting on 6th December 2025 and signed on their behalf by. BJ. Down (Chalr) Page 7
The Irene Pre5twith Trust CIO Inde Ddent Examiner's Re rt to the Trustee5 of The Irene Prestwich Trust CIO I report to the Charity Trust¢¢s on my examillation of the accounts of the above Charity for the year ended 315t March 2025. Responslbilitles And basls of report As the Charit$ TSlee$. you arc r¢sponsibl¢ for the prwaration of th¢ a¢¢ountS ID accordance with Ébe requirements of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Charitgs accounls Caled out undeT section 145 of the 2011 Act and in ¢arrying out my examination I have followed all the applicable Directions givrn by the Charity Commi&%ion nder section 145(5)(b) of the Act. Independent examlner's statement I have completed my examination. I collfirni that no ]llaterial matters have come to my attention in ¢onn¢¢lion with the examination which gives me cause to believe that in any material respect: (i) accounting recoTds were not kept in accordance with seclioD 130 of the Charities Act: or (2) th¢ a¢¢ounts did not a0[ with the ac¢ounling rOrds. or (3) the accounts did not complywith the applicable requlrements concerning the forni and content of accounts set out in the Charities (Accounts atLd Reports) Regulations 2008 other than any r¢quirem¢nt that the accounts give a "tsve and fair view" which is not a Matt Gonsidered as part of an independent examinatloll. I baye no concerns and havc come across llo Other matters in connection with the examination to which attention should be drawn in this report in order to enabl¢ a proper understanding of tbe accounts to Ix r¢aGhed. Mrs LlJJda Brannock A., C. Messr5 Carson & Trotter Cbartered A¢countAnt8 123 Irish Street Dumfrles DGI 2PE Date: 23rd Decetttber 202S Page 8
The Irene Pr¢8twich Trnst CIO Statement of FfittAn¢ial Actlvlttes all unrestrleted funds for the ear en ed 31st M4rch 2025 2025 2024 Notes ID¢ome Ydlld Endowments from: Donations and legacies ]nveslments Charitable activities 350 91,009 11,912 300 86.861 6,965 Total Income 103.271 94,126 Expendithre OD: Jnvestment Management costs Governallce costs Cbaritable activities (8.939) (8,706) (50,655) (8.418) (9.938) (98,847) Total expenditure 68.300 117,203 Net income / (expendithre) before (lossesvgains on inv¢slmcnts 34,971 (23,077) Net (losses) I gains on investments Net (Expelldithre) I In¢ome {59.273) 640.474 (24,302) 617,397 Reconclllatlon of Fund8: Total Funds Brought Forward Total Funds Carrl¢d Forward 6,867,909 6.250,512 6,843.6lJ7 0,807,)9 All income and exnditre derAve from continuing activities. All inc4)me alld expcnditUT¢ relates to unrestricted funds. The notes on pages 11 to 14 form an Integral part of these fln&D¢ial statement Page 9
The Irene Pre5twi¢h Trvst CIO Bl•n¢e 5he¢t t318tM ch 202 2025 2024 Notes Flxed assets Investm¢llls 6,828,957 6,856,727 Current asset8 Cash at bank and in hand 16.472 13,440 16,472 Credltors: amounts falllng due withill olle yeAr Net eurrent a55ets 13.440 {1.822) (2,260) 14,650 11,180 Net assets 6,843.607 6,867,909 The FUd$ of the Charlty Unrestricted funds io 6.843.607 6,867.909 Total Charity Fund5 6,843,607 6,867.909 The financial statements were approved attd authoris¢d for issue by thc Board of Truslees on 6th December 2025 and signed on its behalf by B.J. Down Trnstee (Chair) TJ. Turner Trn$tee (frea$ureT) The note5 on pages 11 to 14 form an Integral part of the8e fin4Dcial sttem¢nts. Page 10
The Irene Prestivieb Trn$t cio No¢es to the fjnanclal statements for the r ended 31st Mareh 2025 A¢¢ountlng policles 1.1. General Information ba815 of preparAdon The Charily constitutes a public bencfit ¢Dtily as define41 by FRS 102. The fllwicial statements have been prepared in accordance with Accounting and Reporting by Charities". Statement of Recomm¢nded Practice applicable to charities preparing their aUnIS in aordance with the Financial ReportiDg Standard applicable il) the UK and Republic of Ireland (FRS 102) issued in Octob¢r 2019, Ihe Financial Reporting Standard applicable in the United Kingdom and Rq>ublic of Ireland (FRS 102). the Charilics A¢t 2011 and UK Generally Accled Practic¢. The financial slaiements arc PTq)ared on a going concem basis under th¢ historical wst convenlioft. modified lo includc certaill ilems at fair value. The financial statetttents are presenled ID sterling which is the fvnctional cuencY of thc charity. Thc significattt accounting policies applied in th¢ preparati<)n of these financial statements are set out below. These policies have be¢n wnsisiently applied lo all years prescnied unless otherwise Stated. la. Income Recognltlon All income is in¢luded in the SOFA whetTr the Charity is legally entitled to the incom¢, after any perfomiance conditions hav¢ bcen mel the amount can be measured Teliably and il is probable that the income will bc received. Donalions and volunt8ry income are accounted for gross when receiveLt tnvestm¢nt income is a¢¢ounted for in the period in which the Charity is entltled to rc¢¢ipl. 1.3. Expellditure Reeognitio Expenditure is included on th¢ accruals basis. Expendith is recognised where there is a legal or constTUCtive obligation to make payinents to third parti¢5, It is probabl¢ that settlement will bc required and the amount can be measured reliably. Costs are allocat¢d between charitable and otheT expenditure according to the nature of the cosl. Where items comprise more than one category, Ihey are apportioned between the categories according to the nature of the c08t. Grants payable to third parties are within the ¢haritable objectives. Where unconditional grants are offercd. this is accrned as soon a8 the recipient is notified of the grallt, as this gives rise to a reasonable expectstioll that the recipient will receive the grdnts. Where grants are conditional rclating to pcrfornwice then the grant is only a¢¢rued when any nlfilled conditions are outside of the Control of th¢ Charity. 1.4. Investments Fixed asset investments are slated at fair value at the ytar end. All gains and 10&8es are taken to the Statem¢llt of Financial Activities as they aris¢. Realised gains and losses on investments are calculal¢d as the difference b¢lwecn sale pro¢¢eds and their opening carrying value or their purchase value rf aquircd subscquent to th¢ first day of the financial year. Unrealised gains and losses are calculated as the ditTerence bthween th¢ fair value at the year-¢nd and their canying valu¢. Reali8¢d and unrealised gains and losses are combined ill the Stalen)eni of Financial Activiti¢& Fund Aeeounifillg Thc funds of the Charity are generdl unrestricted funds which are available for use at the discretion of the trustees in furtherance of thc objects of the charity attd which have not b¢en designated for other purposes. Pagt 11
The Irene Prestwlcb Trnst CIO Notes to the Ilnancigl statements for the ellded 31st M&r¢h 2025 Income from Donations and Legacies 2025 2024 Deeds of covenant and Gift Aid 350 300 350 31J) investment Incom¢ 2025 2024 UK Equities UK Fixed inlerest wurities 51.512 39,497 48,178 38,683 91,009 86,861 IDcome from cb4rltable acthuties 2025 2024 Unspent grant returned 11.912 6,965 11.912 6,965 Governance Costs 2025 2024 Insurance Admioistration expenses Se¢r¢tarial fees Indep¢ndrnt Examitievs Fees Bank charges 447 3.079 3,200 1,980 437 1,516 6, Iljo 1,890 8,706 9.938 The Governance Costs all relate lo the one activity of the Trust. Page 12
The Irene Pre8twlch Trnst CIO Notes to the fmancial statements for the car tllded 31st March 2025 Employees The Cbarityhas no employees. The Trustees of the Charity work on a purely voluntary basis and receive no remuneration. The Charity utilised the s¢cr¢tarial services of Sashim Ltd> TepresentrAI by AleksaDdra ShnIna during the year. Analysis of eipenditure on ¢karitable Ydetlvlilej Grants to institutions 2025 2024 Peac¢ Building Outreach Work lofc Supp¢)rt 11.ooo 10,0 29,655 33,550 21,520 43,777 50,655 98.847 Flxed asset Allvestment$ 2025 2024 Falr Value At I st April 2024 Additions at cost Proceeds of disposals Realised gainsl(losses) OD disposals Unrealis¢d (loss¢s)Igains on rcvaluation At 3181 Mar¢b 2025 6,856,727 90,947 (59,444) 169 {59,442) 6,216.880 86,861 (87,489) 59.168 581.306 6.828.957 6,856,727 Investments al fair valu¢ comprised: UK Equities 6.828.957 6,856.727 Historica] cost at 318t March 2025 All investments are list¢d UK securities. 5.897,759 5,879,803 Page 13
The Irene Prestwi¢h Trnst CIO Notes to the fingncial 8tatements rthe eare ded ch2 CredRtors: llmounts fY411kng due within one year 2025 2024 Trade creditors 1,822 2.260 io. Funds OpenlDg Balan¢e Gains & In¢ome Expendlthre Losses Closing Balance Unrestricted funds: General funds 6,867,909 103.271 (68,300) (59,273) 6,843,607 All funds of the charlty are unre8tri¢ted. ij. Controlllng Interest Th¢ Charity is under the control of the Trustees. 12. Analysls of net assets In unTestricted funds Flxed Assets Olber Ne¢ Assets Totsl Unr¢strictcd ndS 6,828,957 14,650 6,843.607 13. Related party transa¢tions Th¢ were llo related pw traDsactions during the year. Page 14