IM irwinmitchell
RE
RITY NO.
MENT
d 31 Dec￿￿
(Rél: OS366thJO.1)

frA8ERGATE CHAR
A8LE TRLIS
lorthe
ear ended 31 Dece
Arwlllal Report rlts Twsieos
Independenl Report
Bala￿8 Sheet
Slal•nOnt of FthBnd81 ACtNI￿
7-12
Note5 to Financk41 Slatem&nts
13-19
Sthed(rte of Inv8slm•nts

ANNUAL REPORT OF THE TRUSTEES
For the year end8d 31 D•c•mber 2024
Full namè of Ch•iity:
Amborgatg Chaiiiable Tru61
Nature of govomlng document:
Trusl deed dated 16 Oclober 2019
R•glstratlon Number:
1187659
Trn$t•e8:
John Chartes Cumen
Cathèrine Anne Cull8n
Danlella Natasha Bunker Cullen
Francesca Amy BunkeT Culten
Luke Mll&s Bunker CLFllan
Reulstsred Addres8:
Thoma8 Eggar House. Fiiary L￿e, Chkhester. P019 1UF
Bonker.
Barclays 8ank PLC, 74-75 East Street. Chichester, We8t Sussex.
P019 1HL
Soll¢ltors:
IMin Mitchell LLP, Th0￿188 Eggar Hou8e,
Friary Lane, Chich8Ster, We8t Sussex. PO19 1UF
Investment Manag•rs:
Br8v*in Dolphln LThited, 12 Smilhfield Street. London. EC1A 9BD
Indep•ndent E¥amlnern
Carpenter Box, 4 Dukos Court, Bogrtor Road, Chichester. West
Sussex. P019 8FX
Op•ratlng R•strfctlon8:
Charitabl8 objects 8¢¢orrfing to the Law of England
WKl& unre8trided powers given lo the TruNtees in
the deed dated 18 Oclob¥r 2019
Speclfic IDvgstment PO￿1$.
GA.. 5257352_1

Objects of th• charlty
Th8 Trustees shall hold tho (spiial and i￿Orne of th8 Trust Fund upon trust loapply Ihè incOff￿ and allorsuch
part or parts ol th8 capital al such lim• or limes and in such manner lo or for the benofil of such exclusively
charitable objects and purposes in any part of the WOFkl as the TIu51ae$ may in their discreli(>n think fil or
towards
la) The prevention or r81i81 of poverty
Ib) The rel￿[ of those th ne•d by reason of youth, 8ge. 111-heaiih. disabS1ily. linancial
hardship or other disadvantage
Icl The advancom*nl of health and saving h'ves
Id) Such olhei ex¢lussvety charitab￿ purposes as decided by the TfUSte85 from lirn8 10
lim? al their sole di$￿¢110n.
Grant making po11¢y .
The capilal and income ollheTrusl is lo provideonlyfor Ihea55islanceorprovi4vJn olfunds as detailed In the
deed dated 16 O¢lober 2019.
Progress and Strateglc Directlon .
)Ilsl this is th& lifth year of IheAmbeTgatèTrusl since Ineeption, il rs only Ihefourth yearof ft a¢lNely making
granls. The aggrègate overlhosa fouryearslo 31 December2024 Is £396.500. TheTrusto&9 hop81geonlinue
making grants al a similar rale over th? Goming years in a financially sustainable fashion as long as returns
continue as they are.
The Trustees have aFso taken the dèclsion to automate Ihe Grant Appeals process vla an online website.11 is
envisaged Ihal this automation will be completed before the end of 2025. Thls 18 designed to mak8 tha
applicalKJn process rncia streamlined aThJ effi'cient for applicants.
Flnanclal revlew and Investment pvllw .
There are no reslrlrlions on the chafily's power to Inve51. The inveslment slratg3y is set by the Iruslees l¢X
period offwe years and lakes account ofdemand for funds. The Iruslees consider the income requiremellts,
the risk profile and Ihe inveslmenl managerfs view of the market prospects in the medium term. This slralegy
is sel within an overall policy which slates that the fund is lo b¢ invested in moderale iisk investmen15 with a
view lo ansuring that Capilal apprecialion of the fund exceeds inflalion over èach five year period. The funds
may be invested in any type olinveslmenl. Our strategy is reviewed wf(h osjr investment manayers annually.
Thi5 r6 Ihefrfth yearof TheAmbergalè Chariiabte Trust. During the year incoming re50urcestotalled £229,315
12023". £349.8921 and resources expended lotalled £107,124.64 12023- £113.0681 and there were other
recogni8ed gains of £165,89612023.' gains of £109.6861. As a result the fund balance carried forward at 31
Decembgr 2024 was £2.038,983 (2023= £1,750.8771.
The Trugtees ¢onfiFm that th￿ not 18ceive Bny remuneration during the ye3r, nor were Ihey relmbu￿ed
lor any expenses.
Reserves pollcy .
11 is the pol¢cy of th8 chafily lo malnlain uniesliicled funds, whi¢h ale the fre8 reserves of the charity, at a knl
which equates toapproximately 81x monlhs expendilure. This prowdes suffictent funds Io cov8r managomenl
and adminislralion and support C051s and to respond 10 8mergenGy applications for grants which may arise.
Unrestriclod funds werè maintsinod al this level IhToughoul the year.
Rl$k rnanagemont .
The trusteès have examined Ihe m8ior slfategic, busine55 and c*)eratK)nal risks which th8 charty faces and
confirm that systems have been established to enable r¢gulaT reports lo be produced so that the necessary
sleps can b¢ iaken lo lessen Ihese risks.
GA.. 5257352_1

Trusts88' r8spon$lbllltl•$ In r•latlon to tho Ilnan¢lal st4t•monts .
Law appltcableto charities in Englandand Wales requlreslhelrusleeslo p￿p￿Terinanclal slatoments f¢¥each
financial year whkh glve a tr￿ 8nd fair view of the ch8rlty's financlal actNiIT88 during the year and of118
finar￿181 position al the end of the year. In preparing thosefinanclal Stotemen￿ thetrusiees are requlred to..
sel8¢t $ultgble xcounling policios and then apply them conslstentty:
observe Ihe melhods 8nd principles in Ihe Ch8filie8 SORP-
stale whetherapplicable o¢counling 818ndards and Slalements of recommended practth have b90n
followed subject lo any departures disdosed and èxplained in the financial statemgnls,. and
preparethe financial Statements on Iho going con¢xm basis LtnI￿8 il 18 Inappropriatelopr88umelhal
the chartty will continuè in busines8.
The Iru$lees 8ie re4)orv3iblg for keeping accounting records which disclose with reasonable accuw 81 any
tlme the financial position ofthe charrty and enable them lo onsure that Ihe financial slalements 0)Mp￿ with
the Charilles Act 2011. They aro also responsible for safeguarding the assets of the charity and henco for
taking reasonable $1gps forlhe prevention anddetection of tr￿d and clherirregul8ritie8. TheTnJstsescorthm
that the accounts comply with the governing thumenl.
At present there ale fNeTruslees. the minhnum alkjwed in the Tru81 Deed. wilh an unlimhed maximum. The
Ilrs
TTu$lees are entitled lo hold oflke for life.
Cullen
Catherine Cullen
aniella Cullen
Francesca Cullen
29.07.2025
Luke Cullen
GA.. 52573SLI

THE AMBERGATE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE AMBERGATE CHARITABLE TRUST
I reporl to the Iru$leès on my examinalion of Ihè financial 61aiernents of Thè Ambargate Charilable Trust (the
'charily'l for the year ended 31 December 2024.
Regpon#lbllit108 and bas1$ of r•port
As the trustees ol the d)arily you are iesponsSbie lor Ihe preparation of Ihe financi81 st8lem•nts In accordance
with Ihe requlremenls of Ihe Charitles Act 2011 (the 2011 Acll.
I report h) respect ol my examination ol Ihe charity's financtBI stalement8 C8rrted oul under section 14S ol the
2011 Act. In cawylng out my exarnlnallon I have followed the op￿1¢able ￿rectionS glven by Ihè ch￿lty
Commi88ion under sedion 1451511bl ol the 2011 Acl.
Independent exarnlner's statement
I have completed my examinalltjrb. I confirm ihal no m8ltèrs have come lo my atltrnlion in connection wlh Ihe
9¥ominaiion giving me caus& to believe Ih8t in any material resped..
accounting ie(XJFd5 were not k8pt in r8specl ol the charily as required by seclion 130 01 the 2011 A(a'. or
the financial slalements do nol accord with those T8cords,' or
the fmancial slalemènts do not comply ￿7th the applicable requiremen15 concerning Ihe fomi and conlenl
DI acGounls s8l oul In the Charilles (Accounls 8nd Reports) Regul81ions 21￿8 olhei Ihan any requit8monl
that the 8CfLJunls give a true and lair vlew which 15 n¢A a malter considered as part of an independenl
èxamlnalion.
I have no concerns and have come across no olher malters in conneclioTr wlth the examSnallon lo whlch
altanllon should ba drawn in Ihis r
rt in order lo enablo a proper understanding of the financial slalemenl3 10
be Te8¢hed.
clai￿ Norwood Bsc FCA ATII
Carpenter Box
Piper House 4 Dsjkes Court
8ognor R08d
Chlchèsler
Wesl Sussex
P019 8FX
Dated..

Pau• 6
THE AMB
TEC
LE TRUST
CHARITY NO.11
4 Shv•148 a
Nolo
31.12.24
31.1223
Ftxad Asmts
IrN*1M￿ 8t va
1.946.139.30
1,753.232.86
CurrnntP4•0ts
C¥5h ai bank
112,284.18
2.655.25
112,28
2,655.2S
LI0￿￿1¥)5 fallww th8 ￿thIn 12 nK)nttr
C￿th1Or8
Nel ss%e18
19.44&￿1
2.823.68
&010.85
12,355601
Totsl *•sets IB88 £EÉrmnt liabllitlo
Fund B￿*￿¢9 a8 at 31.1124
Unrestri¢l4d
?.038,￿.98
1,75Q.87726
Th? finandaf StsI￿￿6W8rs
29.07.2025
th8 toard dtruths on.............................•nd sioned on th* Lwhatlty
John
Calh8riM Cthlen
Tnwtee
Truts*e
T¥￿51e0
LuktrCuifgTr
Tr￿1¢￿
Tl* nolg8 fm P8985 7.12 ftytTr paFld Ihesg actrrtmts.

Pag8 8
THE AMBERGATE CHARITAB
us
REGISTE
ED CHARITY NO.1187659
ento
Flna
aren
èd
r 2024
Year ¢nded
.12.24
Year ended
31.12.
Note
INCOME & EXPENDIT
D¢na￿n8 and LegarAe8
GTOSS Imiestmenl incom8
187,500.00
41,814.52
312,500.
37.391.64
Totsl Incomlng R￿OUrCeS
229,314.52
349.691.fj4
Regource• expended
Charilable AdNities
94.754.
102.228.IXI
Inve8lmBnt man89srnnt cosls
12.370.64
10.840.46
Tolal RegourGe8 Expend¢d
107,124.64
113.068.46
0th8rR•¢ognls•d ILo88esllQalns
Realised1105sesygains on Sale of Inveslmenls
LIn(ea￿sed11oSSesYga&ns on In¥es1N￿Tr
N9t Incom• forth• yearlN•tmov8ment In lunds
$3,276.91
112.618.93
288,085.72
1,212.81
108.472.79
346,506.78
Fund bal8rK8 brouam forward
1.750.877.26
1.404.368.48
Fund balancè tgffled lorward 31.12.24
2.038,962.98
1.750.877.26
None of the Charitys 8c*vllk8 ￿(e ac4ulred ord￿￿￿t￿Yed tluring thv8 fi$cal period.
The Charily has no rgwynis8d ga￿9 or losses other Ihan those doallwrth in Ihe
Slatemenl ol Finanaal Acl1vit￿.
The notes on pages 7-12 form part of these accoun￿.

Page 7
THE AMBERGATE CHARITABLE TRUST
REGISTERED CHARITY NO. 1187659
Notss
Ac¢ounts for tho
ended 31 Decfrm
1 ACGOVNTING POLICIES
The Ambergale Charitable Trusl is an unincorporated charfty, registered wilh the Charity Commissicn
number 1187659. Th• regisleted addr88S 1$
Thomas Eggar House, Frrary Lane. Chi¢he8ter. P019 IUF
1.1 ACCOUNTING CONVENTION
These aeLounts have been prepared in accordan￿ with the charity's memorandum and artides of
assoaalion, the Ch8rily's Acl 2011 and "Accounting and Reporting by Chartti8s- Ihe Statement of
Recommended Practice for charities applying the Financt81 Roporting Stsndard 8Wrc*ble in the UK and
Repu￿￿ of Irel8nd IFRS I￿2) and UK Generally A￿pted Accounting Practice 88 11 applies from 1
January 2019. Th8 charity is a Public Benefit Entity as defined ty FRS 102.
The tharity has taken advantage of tho provlsions in th8 SORP for charlllès apptying FRS 102 not to
prepare o Statement of Cash Fbws.
The accounts are prepared in sterlirvd, whK* r& the functp)n81 ¢urrency of the charity.
The accounts have been prepared on the h¢stO￿l rmt conventlon nK#Jilltid for the revalualion of
Investmen￿ The prfncwl accounliw policies adopted are set oul below.
1.2 GOING CONCERN
Al the time ol 8Fproving the 8eccNJnts, the Irustegs have reasonable ex￿latIOn that the charity has
adequate re8ourcgs lo continue h) operationol e￿$tence for the foreseeable fu¢ure. Thus the Irustses.
continLFe lo edopl the going concem bo818 of 8ccounling In preparation of the accounts.
1.3 CHARITABLE FUNDS & FUND ACCOUNTING
Unrgstrthd funds are ava￿able for usè at the discretir￿ of thè truslees In furtheiance of their charitabl8
objectives unles5 Ihe funds have been designaled for other purposès.
1.4 INCOMING RESOURCES
Incomirvj resources indudes investment income. which 18 recognised when the ch8rity has a ￿1 right lo
the inc¢xn8.
The gain or Ioss arising on the diwal of an asset 18 detemiined as the differ￿ befvmn the sale
prO￿ed$ the carrying value of the as801, and is recognisad In nel i￿)Mo1(expend1tyre) for tho year.

P•gg 8
I.S GRANTS PAYABLE
Grants pay&¥l& 8re debited to expendilure wilhin Ihe Slalement of Financial Activities thi the period lo
whi¢h Ihay relate. Where a giant o)mmilménl is payable over o peri<>d of mtsrè than on8 year. a liability 18
recognlsed for the lull amount of thè conslructlve obligation unless conditions ale 8llach8d to fuiu
payments such Ihal the trustees effeclively reloin the dsscretion to avo¢d making such payments.
1.6 INVESTMENTS AND INVESTMENT INCOME
All Investments 8re staled al fair v81ue and the movement shown comprises bolh realised and unrealised
gains and Ios6es.
Rgalised galns or losses orising on the dlsposal of investments {t(g61her with pfovislons for diminution in
value), are credited or debited lo the Statement of Financial Aclivities. and subsequently transfeNed to
Unr8Striclgd Funds.
1.7 CHARITABLE ACTIVITIES
The cost of charitab10 activities consists of granls mad8.
1.8 COST OF GENERATING FUNDS
The cost of gener8lin9 lund8 consisls ol inve81menl managemenl f*•s.
1.9 GOVERNANCE COSTS
Qovernance costs c(￿PY18e all ¢osts involving the public accounlability of the chaiity and its compli8ncft
with regulolion and good Practice. These G￿lS include costs related lo slatulory aLKlil and legal fees
togelher with olhèr overhead 8fid support costs.
1.10 CASH AND CASH EQUIVALENTS
Cosh and cash equivalents include deposils held al call wth banks.
1.11 FINANCIAL INSTRUMENTS
The ¢harity has él¢clgd to apply Ihe provisions of Sèclton 11 'Ba81o Financial In81rumgnts° and S￿1%￿n 12
'Olher Financial Instrumen15 Issues" of FRS 102 to all of ils fin8nci81 inslrumenls.
Financlal assets and liabilities are offset, w¢lh Ihe net amounts presented in Ihe financial slalemenls. when
Ihefe is a legally enforceable right to sel off the recognised amounts and Iheie is an inl8nlK>n to sell18 on a
nel ba5lS 01 to realise thè asset and setlle the liabilily Simultaneously.
Baslc Ilnanclal as8•ts
Basic financial assets, which includes debtors and cash and bank balances. are inilially measured 81
Iransaclion price in¢luding Iransacli(In wsls and are subsequently carried al amortised cosl ￿sIng Ihe
effective intere51 mèthod unless the airaThJ8menl conslilu18s a financing Iians8clion, where the Iransaclion
Is measured al the present value of tho futu￿ receipls discounted at a mafftet rate ol inlgresl. Financbl
assets classified as receivable within one year ale I￿1 amortised.

Pag80
Impalrniont of flnanclol a88et8
Fingnual assets, other than Ihose held al fair value throLtgh income and expenditure. are assessed for
iThJicators ol impaimienl al each rel￿rtIng date. Flnan¢ial a88ets are impaired wh•ra thore is objective
evid8nc8 that. as a resull ong or moro evenls that occurred aftsr the Initial recognilk)n of the f￿anCIal
a88el, the eslimaled fijlure cash Ilows have been affected.
If ￿ asset is impaired. tha irnpaim)8nl loss 1$ Ihe difference behyeen the carrying amount and the pr￿ent
value of the eslimaled cosh flows th8counted al the asset's orvJinal effective Interest rale. The NnP8lmenl
loss 1$ rec(*Jnised in net In¢omel{expendilure} for the ye8r.
If there ￿ a d8crgase in the impaimenl loss arising from an event occurring 8fter the impairment was
recognised. Iho in)paimisnl is reversed. Th? reversal 18 such Ihal Ihe ¢urrent rarrying amounl 11068 not
oxc8ed what the carrylng amount would have been. had the impaiimenl prev•)usty been reccgni*J. The
pairnent reversal Is recLwnl$8d in net inc0mellexpendl1u￿) for tha yeBr.
8a$lc financial Ilabllltlo¥
Bastc financial liabilities. indudSng trade and other payables, are inilialty recognised al Iransacf¢on prico
unkns tho arrangement conslitutes a finanang transaclion. where the debt inslrumenl 1$ measured at the
present value of the fvture receipts discountsd 81 a market rate of Interest. Debt instruments are
subsequently carrfed al amortised cost, using the effecttY8 intsresl rale melh¢xl.
Trade payables are otrAigalion8 lo pay for good8 or Services Ihal have ￿en acquired in the ordinary Course
of operations frc*n suppliers. Accoynls payable are ¢las8ed as current li8bllilies If payment is within
one year or le￿. If not. Ihey are present￿1 8$ non-curronl liabilluos. Trade payables are recognised
inilially al traI￿aCtIon price and sub8equenUy measured at amortFsed cost using the 8ffectNe inlerost
melh¢>J.
Dgrncognltlon of flnanel•l Il•bllltles
Financial liabilith are derecognised when Ihe charity's contractual objrgalions explre or aro discharged or
canceled.
2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the 8pplicalion of the charity'8 accounting poltcies. the ITu81ees are r8quired to make I￿Jgements,
eslimale8 and assumptions atrL>ul the carrylng amount of $8sets and liabilllles that aro not readily apparent
from other souices. The eslimates and a880ciated a$sumplb)ns are based on historical eXpor1en￿ and
otherfactors that ara con8K4ered to bg relevant. Actual re8uIts may differ from Ihwae e8￿mateS.
Thg estimates and undertying assunyJlw)ns are review￿ on an ong)ing basi$. Revisions to accounting
eslimales ar9 recognlsed in the period in which the estsmale is revised where the revision aff¥ct$ onty Ihal
period. or in the period of th8 revislon affects only Ihal peiiod. or in th& period of the revtsron and lulure
perk*Js where the revlslon affect8 ￿th current and lulure periods.

Y••r•nthd
Ji.i224
7.OEBTCa8
**ilJl.1124
14.rm.riJ
3241
3l.IZ.21
Itt IWNT$PAV*•Lt
t•07￿3
IJ(62023
2.rthc
IF.11￿
14.C¢4J.
4.twc
2AW.C
2DX¢fAI
3,LXVJDJ
1f.11Ity24
SAW.L¥J
1?.112024
.112024
fll12024
1a112024
r¥*str•
1&112Q4
t4.11 2V
s,c•xoJ
S.LWth)
31.12>)21
BHT&M&
14.thXIO)

Pag8 12
E AMBERGAT
ARITABLE TR
ED CHPRITY NO.11876
ST
11. COST OF GENERATING FUNDS
Year ended
31.12.24
12,370.64
Yearonded
31.12.23
10.e40.46
Brewln Dc*hln Limited
12. GOVERNANCE COSTS
Yeargnded
31.12.24
3,546.00
2,208.00
5,754.00
Yearendod
31.12.23
3,348.
2,380.LX)
5,728.
Iwin Mitthell LLP- Legal & Piofe&3ignal lees
Cary)•ntor Box- Independenl Examin81ion fees
Bals olAlh)calion'. of Ihe govoman¢• rxjsts are aM¢rAled lo Ihè chafilabte a¢tNIty olgranl makiNJ. lot•llng £5.754
In 202412tr23.. £5.7281
13. TRANSACTJONS WTH TRUSTEES
There were no pa￿nIS to frustees IOT the year8nded 31 D8￿rnbEr 202412023.. nil}
14. EMPLOYEES
There no ernptoyee5 rJurln9 th• yoaT12023.' nil)
S. RELATÉD PARTYTRAN8ACTION5
Total donaknons of £150,OC()12023= £250.C￿l wwe received Ir¢Jn Irustees durfng the yearwilhoul conditions attached.

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