The Roly and June Tonge Foundation Annual Report and Financial Statements Period Ended 5 April 2024 Charity registration number.. 1196212 The Roly and June Tonge Foundation Annual Report and Financial Statements Period Ended 5 April 2024 Contents Page Charity Reference and Administrative Details Trustees, Annual ReF)Ort Independent Auditor's Report Statement of Financial Acts'vities Including Income and Expenditure Account Balance Sheet 10 Statement of Cash Flows 11 Notes lo the Financial Statements 12-17 The Roly and June Tonge Foundation Charity Reference and Administrative Details Period Ended 5 April 2024 Charity re9lStration number 1196212 Trustees Mr DJ While Mr WG Johnson Registered office clo Pickering & Butters LLP 19 Greengate Street Slafford ST16 2LU Audltor Deans Chartered accountants Slatulory auditor Gibson House Hurricane Court Hurricane Close stafford ST16 1GZ The Roly and June Tonge Foundation Trustees, Annual Report Period Ended 5 Aprll 2024 The Trustees present their report and the audited financial slalemenls of the charity for the period ended 5 April 2024. The Iruslees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounling and Reporting by Charities. in preparing the annual report and financial slalemenls of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and AccoLtnting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Registered chaThly number- 1196212 Registered office clo Pickering & Butters LLP 19 Greengale Street Slafford ST16 2LU Trustees of the charity The trustees who have served during the year and since the year end were as follows.. Mr DJ While Mr W G Johnson Objectives and activities Chaftly for support of other charitable and voluntary bodies. The Injsl has inherited money. that is now being held in account waiting to be distributed as'Grants' to various Charitable andlor Voluntary Bodies. Fund-ralslng Standards Inforrnation The charity does not carry out any significant fundraising activities. Public beneflt statement The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. StTate ieRe ort Achievements and performance The Trustees consider that in establishing the charitable trust during the year, they are meetin9 the obieclives and activities referred lo above. As the charity does not carry out fundraising activities there are no significant risks lo the charity's funds. The only polenlial risk is the failure of the bank where the trust funds are Presently held. Steps have been taken lo miligale this risk by investing trust funds across a number of financial institutions. The Trustees are taking independent financial advice in connection with this. Financial review Ilncludlng reserves policy} The charity rhow has cash reserves in excess of £3,749.988 which are believed lo be sufficient funding to support its objectives for the foreseeable future. The Trustees continue lo monitor how these funds are lo be invested and expended in the future. Plat)s for future periods The Trustees are actively inviting applic81ions for funding in accordance with the Foundation's governing document, being the Will of Mrs J A Tonge, and will consider any such applications that are submitted. The Roly and June Tonge Foundation Trustees, Annual Report Period Ended 5 April 2024 structure. governance and management There are, presently, trustees. Donald John James While. a consultant solicitor, and William George Johnson, a partner solicitor, in the firm of Pickering & Butlers, Solicitors. The Tnjstees are considering whether additional trustees should be appointed to the Foundation and will continue to actively consider this as the year progresses. The Trustees will meet formally on a quarterly basis. Any ad hoc discussions in the intervening periods are formally recorded for reference. Trustees, responsibllities The trustees are responsible for preparing the Tru5tee5' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounts'ng Standards (United Kingdom Generally Accepted Accounting Practice). The12w applicable lo Gharilies in England & WaleslNorthem Ireland requires the trustees to prepare financial statements lor each financial year which give a true and fair view of the 51ale of affairs of the charity and of the incoming resources and applicabon of resources of the charity for that period. In preparing these financial slatemenls, the trustees are required lo.. select suitable accounting policie5 and then apply them consislenlly.. observe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgement5 and eslimales that are reasonable and prudent. slate whether applicable accounting standards have been followed-, prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume thal the charity will ¢onlinue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial slalements omply with the Charities Act 2011. the Charities (Accounls and Reports) Regulations 2008 and the provisions of Ihe trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. In $0 far as the Iruslees are aware.. There is no relevant audit information of which the charities auditors are unaware.. and the tru51ees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit Information and lo establish that the auditors are aware that inft)rmation. staternent of compliance The financial statements have been prepared in accordance with the Slalement of Recommended PractiTr'. Accounting and Rewrting by Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic ol Ireland IFRS 1021 issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Pracl¢ce as it applies from 1 January 2019. Auditors The auditors. Deans, will be proposed for r&appointmenl at the fothcoming Annual General Meeling. Report of the Trustees approved by order of the board of trustees, on of the board by.. .and signed on behalf W G Johnson. Tru ee The Roly and June Tonge Foundation Independenl Auditor's Report to the Trustees of The Roly and June Tonge Foundation Period Ended 5 Aprll 2024 Opinlon We have audited the financial ststemenls of The Roly and June Tonge Foundation Ilhe 'charity'l for the period ended 5 April 2024 which comprise the Slalernenl of Financial Activities, Balance sheet and Statement of Cash Flows and notes lo the financial slalements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Aceounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Gerlerally Accepted Accounting Practice}. In our opinion the financial stalemenls.. give a true and fair view ol the state of the charity's affairs as at 05 April 2024, and of its incoming reSoU￿S and application of resources. including its income and exper￿lIU￿, for the period then ended.. have been properly prepared in a(￿ordanCe with United ￿"ng¢￿)M Generally Accept￿1 A(xounting Practi(*', and have been prep¥ed in accordance with the requirements ofthe Charibes Act 2011. Basis for opinion We conducted our audit in accordance with Internatsonal Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the auditor re5ponsibililies for the audit of the financial slalemenls section of our report. We are Independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethica5 Stanclard. and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe Ihal the audit evidence we have obtained is sufficient and appropriate lo provide basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accountlng in the preparation of the Iinancial slalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubl on the charity's ability ID continue as a going concern for a period of al leasl ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the Tesponsibililies of the trustees with respect lo going concern are described in the relevant sections of this report. other information The other information ￿MpriseS the information included in the Iruslees, annual report2 other than the financial slalements and our auditor's report Ihereon. The trustees are responsible loi the other information. Our opinion on the financial slalemenls does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibilily is to read the other information and. in doing so, consider whether the other information is materially inconsi51enl with the financial stalernents or our knowledge obtained in the course of the audit or otherwise appears lo be materially misstated. If we identify such material incon515lencies or apparent mateTial misslalemenls, we are required lo determine whether this gives rise to a material misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there Is a maleiial misslalemenl of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation lo which the Chanlies (Accounts and Rewrtsl Regulations 2008 require us lo report to you if. in our opinion". the infomation gwen in the trLfrst￿, rewrt is inconsistent in any material respect wth the financHI statements.. or sUffic￿nt accounting records have not been kept or the financial statements are not in agreement with the accouniing ￿0rd5-, or we have not r￿1Ved all the information and ewanalions we require for our audti. The Roly and June Tonge Foundation Independent Auditor's Report to the Trustees of The Roly and June Tonge Foundation Period Ended S April 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement set out on page 5 the trustees are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and lair view, and for such intemal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free from matenal misstatement, whether due to fraud or error. ITr preparing the financial slalements. the Iruslees are responsible for assessing the charity's ability lo continue as a going concern. disclosing, as applicable, rnattérs related lo going concern and using the going concem basis of accounting unless the Iruslees eilhef intend to liquidate the ¢harity or lo cease operations, or have no fealistic altemative bul to do so. Auditor rÈsponsibSlltles for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in ac¢ordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain Teasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and 10 Issue an audilorfs report that includes our opinion. Reasonable assuranTr is a high level of assurance, bul Is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis ol these financial stslemenls. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of iiregularities. including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below: Our approach lo identifying and assessing the risks of material misstatement in respect of iffegularities. including fraud and non-complian￿ with laws and regulations, was as follows". -the engagement pather ensu¥ed that the engagement team cdlethely had the appropriate ccfflpeter￿. capabilities and skills to Klentify or reo)gnise non-complian￿ ¥Mth appl￿b￿ laws and regulations,. - we ￿entsfied the laws and regulab.ons appltcabie lo the charity through discussi)ns ￿th trustees, and from our commercial kno¥￿edge and experience of the charitys ￿rating sector., - we Icrused on s[ecif￿ laws and regulations whth we considered may have a direct material effect on the financial statements or the operations of the charity. induding the Charity's Act 2011, taxation legislation, data protection. anfi- bribery. employment. envirOnm￿la1 and heath and safety legislation." we assessed the extent of (xxnpliance wth the laws and wulatKJns identified above thr￿gh maknng enquiries of management and inspecting legal cor￿sE￿)nder￿e', and - identified laws and regulations were communuted wthin the audit team reguL4rly and the team remained alert to inStan￿S of non-compliance throughout the aud - considering the intem81 (x)ntrols in place to mitKJate rtsk of fraud and non-c0rnpliar￿ with13ws and regulations. To aiklress the risk of fraud through management bias and override of mntro15, we.. - performed analyt￿3[ Pr{￿￿ureS to idenlfy any unusual balarres, variances or unexpected teiationships.. - assessed whetherjudgements and assumptK)ns made in determiniThJ the a￿Unts.ng esb"males were indicatsve of potential bias", - invesluated the rationale behind signifunt or unusual transacb'ons., and - speafically lesl& the controls around banknng payTnents. In reswnse to the risk of irwularil￿s and non-C(xnpliance wth laws and regutations, we desNJned pr￿su￿s which included, butwere wl limited to". - agreeing financial statement di￿OSureS to undedying suprxNting dwumentab"on'. - reading the minutes of meetsngs of those charged wlh governance", - enquiring of management as to actual and potential lib"galion ckims., - reviewng correstx)ndentE wth HMRC and other Felevanl reguLgtors. There *e Inhe￿nt limit2b.ons in our 3udrt procedure5 described above. The more removed that laws and regulations are tr(xll financial transthns, Ihe less likely il is that we would become aware ol non-ccmpliance. Auditing standards also limrt the audf( pr(Kedures required lo idenlfy non-complian￿ with laws and regu￿t￿nS to enquiry of the directors and other rnanagemenl and the inspe(*ion of regulatory and legal ￿rreSponden￿. rf any. The Roly and June Tonge Foundation Independent Auditor's Report to the Trustees of The Roly and June Tonge Foundation Period Ended 5 April 2024 Material mis5tatemenls that arise due lo fraud can be harder to del￿t than those that arise fr(yn error as they may involve deliberate COn￿alment or collu5nn. A further descriplDn of our resFX)nsibilrties lor the audit of the financial statements is Ictaled on the Financial Reporting Counal's website atww.trc.org.ukJaudiloTsreswnsitMlities. This description fomis part ofour Report of the Auditors. Use of our report This report is made solely to the charity's tru51ees, as a b￿y, In accordanee with Part 4 01 the Charities {Aecounls and Reports} Regulations 2008. Our aijdil work ha5 been undertaken so that we might state lo the charity's trustees those matters we are required lo slate to them in an auditor's report and for no other purpose. To Ihe fullest extent permitted by law, we do not accept or assurne responsibility lo anyone other than the charity and the charity's trustees as a body, for our audit work, lor this report, Of for the opinions we have formed. J Hodgkiss Slatulory auditor Deans Chartered ac£ountants Gibson House HurrEeane Court Hurricane Close Stafford ST16 1GZ Dale.. The Roly and June Tonge Foundation statement of Financial Activities Including Income and Expenditure Account Period Ended 5 April 2024 Unrestricted funds Restricted funds 5 April 2024 Total 17 July 2023 Total Incorne and gndowments from: Donations and legacies Investments 3.812,500 6.798 34,322 34,322 Total Income and endowments 34.322 34,322 3.819.298 Expenditure on: Charitable activities 11.037 11,037 5.856 Total expendlture 11.037 11,037 5.856 Net income 23.285 23,285 3,813,442 Reconciliatlon of funds". Totsl funds brought forward 11 3,813,442 3.813,442 Total funds carried forward 11 3.836,727 3,836,727 3,813.442 The Roly and June Tonge Foundation Balance Sheet Period Ended S April 2024 5 April 2024 17 July 2023 Nole Current assets Debtors Cash at bank and in hand 103.620 3.749.988 3.853.608 1,319,298 2,500,000 3,819,298 Creditors: amounts falllng due within one year 116,881} 15,8561 Net current assets 3.836,727 3,813,442 Total assets less curront liabilitles 3,836,727 3,813,442 Net Assets 3,836.727 3,813,442 Charity Funds Unrestricted funds 11 3,836,727 3.813,442 Totsl charity funds 11 3,836,727 3,813.442 The financial statements were approved and authorised for issue by the Board on Signed on behalf of the board of trustees by". W G Johnson Truste The notes on pages 10 lo page 16 forrn part of these financial statements. 10 The Roly and June Tongo Foundation Statement of Cash Flows Period Ended S April 2024 5 April 2024 17July 2023 Nr*te Net cash flow from operatlng activiti 14 1.215,666 2,493.202 Ca$h flow from investing acttvities Interest received 34.322 6,798 Net cash flow Irorn investing actlvltles 34.322 6,798 Net Increase In cash and cash equivalents 1,249,988 2,500,000 Cash and cash equivalents at start date 18 July 2023 2,500.000 Cash and cash Oquivalgnts at end date S April 2024 3,749.988 2,500,000 Cash and cash equivalents consists of: Cash at bank and in hand 3.749,988 2,500,000 Cash and cash equivalents at end date S April 2024 3,749.988 2.500,000 The Roly and June Tonge Foundation Notes to the Financial Statements Period Ended 5 April 2024 Summary of significant accounting policies lal General information and basls of preparation The Roly and June Tonge Foundation is a charitable trust in England I Wales. The address of the registered office is given in the charity information on page 3 of these financial stalemenls. The nature of the charity's operations and principal activities are to support local charitable a¢livities. The charity conslilules a public benefit entity as defined by FRS 102. The financial slalemenls have been prèpared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended PractiGe applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1 D21. the Charities Act 2011, and UK Generally Accepled Accounting Practice The financial slalements are prepared on a going concern basis under the historical cost convention, The financial slalements are presented in sterling which is the functional currency of the charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of these financial 5talemenls are sel out below. These policies have been consistently applied to all years presented unless otherwise slated. Ib) Funds Unrestricled funds are available for use at the discretion of the trustees in furtheran￿ of the general obj'ectives of the charity and which have not been designated for other purposes. Ic) Income recognition All incomiry resources are included in the Slalement of Financial Activities ISOFAI when the charÈly is legally enli11ed lo the income after any performance conditions have been met, the amount can be measured reliably and il is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a1evel of performance before entillement can be obtained then income is deferred until those conditions are fully mel or the fulfilmenl of those conditions is within the control of the charity and it is probable that they will be fulfilled. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Al this point income is recognised. On occasion legacies will be notified lo the charity however Il is not possible lo measure the amount expected lo be dislribuled. On these occasions, the legacy is Irealed as a contingent asset and disclosed_ Investment income is earned through holding assets lor investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable lo identify investment management cosls incurred within a scheme with reasonable accuracy the investment Income 15 reported nel of these costs. 11 is included when the amount can be measured reliably. Interest income is recognised using the effective inlerest method and dividènd and rent income Is recognised as the charity's right to receive payment is established. 12 The Roly and June Tonge Foundation Notes to the Financial Ststements Period Ended 5 April 2024 (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggregate all costs related to the category. Expenditure is recognised where there is a legal or conslruclive obligation lo make payments lo third parties, it is probable that the selllemenl will be required and the amount of the obligation Can be measured reliably, 11 is calegorised under the following headings". Costs of raising funds Expenditure on charttable activities Other expenditure representing those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. le} Support costs allocation Support costs are those that assist the work of the charity but do not direcly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in SUPFK)rt of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to Cost of raising funds and expenditure on charitable activities on a basis consistent with use of the ￿5¢UrCeS. The analysis of these costs is included in note 5. In Debtors and credltors recelvable I payable wlthin one year Debtors and creditors with no staled interest rale and receivable or payable within one year are recorded al transaction price. Any losses arising from impairment afe recognised in expenditure. Ihl Going concern The financial slalemenls have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure lor 12 months from authorising these financial slalements. The budgeted income and expenditUTe is sufficient with the level of reserves for the charity to be able lo continue as going concern. 111 Change In reportlng perlod To bring the charities results in line with the fiscal year. the financial year has been shortened lo 5 April 2024. As a result, the compafalives are nol entirely comparable. Income frorn donation$ and legacies 5 April 2024 17 July 2023 Legacies 3,812,500 3.812,500 All legacies were attributable to unrestricted funds. 13 The Roly and June Tonge Foundation Notes to the Financial Statements Perlod Ended 5 April 2024 Income from invgstments S April 2024 17July 2023 Interest- deposits 34,322 6,798 34,322 6,798 All investment income was attributable to unrestricted funds. Analysis of expenditure on charitable activities Charitable activities 5 April 2024 Support costs Total Charitable activities 11.037 11.037 11,037 11,037 Charitable activities 17 July 2023 Support Costs Total Charitable activities 5,856 5.856 5,856 5.856 Allocatlon of support costs Support cost 5 April 2024 Charitable activities Total Governance Ballk charges 11,025 12 11,037 11.025 12 11,037 Support C05t 17 July 2023 Charitable activities Total Governance 5.856 5,856 5.856 5.856 14 The Roly and June Tonge Foundation Notes to the Financial Statements Period Ended 5 April 2024 Governance costs 5 April 2024 17 July 2023 Auditor's remuneration - Audit Auditor's remuneration - Accountsncy Professional fees 5,991 900 4,134 4,958 900 11,025 5.856 Trustees. and key management personnel remuneratlon and expense$ The trustees neither received nor waived any remuneration during the year117 July 2023.. £Nill. The total amount of employee benefits received by key management personnel is £Nil117 July 2023 - £Nil}, The trustees did not have any expenses reimbursed during the year {17 July 2023 - £Nill. Debtors 5 April 2024 17July 2023 Other debtors Legacies receivable Prepayments and accrued income 62,500 62,500 1,250,000 6,798 41,120 103,620 1,319,298 Credltors: amounts falling due within one year 5 April 2024 17July 2023 Accruals and deferred income 16,881 6,798 16,881 6,798 10 Contlngent assets A residual legacy has been left to the charity amounting to 250h ol the final estste of Mrs J A Tonge. Two interim payments have been received against this legacy and recognised as income during the year. A further balance is due lo be received., however, the timing and amount of this receipt remain uncertain at the reporting dale, as the estate has not yet been fully finalised. Receipt of this balance is considered probable bul cannot be reliably measured at this lime. 15 The Roly and June Tonge Foundation Notes to the Financial Statements Period Ended S April 2024 Fund reconciliation Unrestricted funds B21ance at 18July 2023 Gains I Ilossesl Balance al 5 April 2024 Income Expenditure Transfers Unrestricted 3.813,442 34,322 111.0371 3.836,727 3,813,442 (11.037} 3,836,727 11 Fund reconcillatlon - continued Balance at 18 July 2022 Gain5 1 Ilossesl Balance at 17July 2023 Income Expenditure Transfers Unrestricted 3.819,298 15.8561 3,813,442 3,819,298 15,8561 3.813,442 12 Fund descrlption$ al Unrestricted funds Fund received for general use by the charity with no reslriclion5 in place. 13 Analysis of net assets between funds All net assets are held as unrestricted funds. 14 Reeonciliation of net income to net cash flow from operating actlvltles 5 April 2024 17July 2023 Net income for period 23,285 3,813,442 Interest receivable Decreaselllncreasel in debtors Increase in creditor5 {34,3221 1,215,678 11.025 16,7981 11,319,298} 5,856 Net cash flow frorn operating activities 1,215,866 2,493,202 16 The Roly and June Tong8 Foundation Notes to the Financial Statements Perlod Ended 5 Aprfl 2024 15 Related party transactions Of the Iruslees one is a current partner, and the other a former partner and ongoing consultant to Pickering & Butters LLP, a related party that provides professional services lo the charity. During the year, professional fees of £4,134 were accrued for services provided by Pickering & Butters LLP 117 July 2023.. £Nill. all of which were provided al market rates determined lo be on an arm's length basis. As al the year-end, £4,134 was owed lo Pickering & Butlers LLP 117 July 2023.. £Nill. Pickering & Butters LLP held funds of the charity on an intere5t-beaTing general client account tolalling £3,239,988 al the period-end117 July 2023. £2,500,000). The trustees are also the executors of the estate of Mrs. J A Tonge. During the year, the estate paid legacy ineome of £1,250,000 to the charity117 July 2023.. £2,500.0001. These payments were made in accordance with the terms of the will of Mrs. J A Tonge. No amounts were outstanding from the estate as al the year-end 117 July 2023.. £1,250,000). The trustees confirm that they received no personal benefit or fees for acting as executors and that the charity's entitlement wa5 not influenced by their role as Iruslees. 17