Char5ty regi5trat5on numb•r 1200657 IEngland and Wal•s THE EQUILIBRIUM CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE EQUILIBRIUM CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusteol C A LaWn D Shah S E Warburton A R Evans Chalr A R Evans Charlty number 120C657 Indep8ndent 8xamlner Susanna Cossey FCA AzetsAudit Servic8S Fleet House New Road Lancaster United lfjngdom LAI 1EZ
THE EQUILIBRIUM CHARITABLE TRUST CONTENTS Page Trustees. rèport Statem1 01 Iruslee3' respon5t*ilrties Independent examiners r•port ststement of financial aclivitie5 Bala sheet Notes to the ffin8nNal $latements 8-12
THE EQUILIBRIUM CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 present Iheir annual report and financial statements for the year endad 31 Marc 2025. The )Inancial statements have been prepared in adance wflh the accounting polic4es sel out in nole 1 to Ihg financlal statarrterrts and o)mpty wth the charitys govemlng documenl. th8 Charilres Act 2011 and Accounting and R&portlng by Charities.. Statern&nt ol RecDmrnended Practice applicable lo thaftties preparing their accounts in accordan with the Financial Reporting Standard applicable In Ihe UK and Republic ol Ireland IFRS 1021" leffedive 1 January 20191. Obfvctres and ¢tivities Th8 Equilibrium Charitable Trust Was established in 2022 as a donor advised fund IDAFI to offer clents a seamless pathway to charitable giving. Beyond the tax and financlal plannin9 advantsges, philanthropy enables indivKluals to create m&anir1 impacl. involve young8r family mgmtérs in giwng d805ion$. and e$labli$h an enduring legacy. DAFS represent thè UK'S most rapidty expanding philanthropic tool. serving as a compellin9 allemative to direct donations or establishing a private charitable foundation. They deliver an inlelllgent and effiCt approach to athieving philanlhroc goals through 2 straighfforward. ad3PtatAe and econc¥nicaly sound framewor hi donor adM"sod tund5 have long been eslablished pract1 in th& Unmed Stalas, thplr adoplign in the UK conlinues to accelerate as more donors dlscover thtrir benefits. Con51Stent with its mi$sion of enhandng people'5 lTr¥es. EquilibThJm Finanoal Planning LLP ostablished The Equilibrium Chantale Trust as an iitegral component of its finanual planning services. respondiig to th8 increasing svjnificanee of tharrt8ble giving aFrory rt$ dnt base. Pubk bongKSI The trustees have paid due regard lo guid9nce issued by the CharNy commis81 in derAdiig what activrties the charity should undertake. A¢twitos The ChadtaNe Inrporated Organisation'5 {CIOI Ob]edt$ are exdu$ivdy ¢haritsble purposes lor public benefit as determined by the ¢harty Iru51ees. Specific grants to or9anisatlOlb8 will L allKaled based on donor preferences aThY subject to thorough due dlligence before een11ng trustee approval. Th& trusiees have given lull consKleralion tc+ the Charity CoMrrsSIOn's guidanc• when dètermining the chawtws ath"VFtiÈs. Charrtable grants w511 be dislribuled lo organisations aligned ¥wth (k)nor IntentnS Ilollowing trustee approval and appropriate due diligence processes). The CIO'S daily operations and promotion activities arè managad by volun188r5. Achkvements and perfomianeé Signrficanl aGliwties and &ch16vgmènt$ 8g8instobi8¢ttves Throvghout its second lull year of oper31ions. the CIO has received donations arnounting to £191,868. Donor5 hav8 idontified varK)u$ tharitable Organisations for trusteè ¢InsIderatIon. spannit)g h8ahhcare, children's welfare. soryal causes and environmental protection. The trustees have been informed of a declaration of a legacy grt in excess of £1.(M)O.000 in an indwJuals wdl. Ongoing discusslons wilh Equilibrium Finanoal Plannin9 IEFP} dients who prioritise philanthropy and wish to create a lasbng legacy CLJntinuè. DUÈ to eerftal factors. a fvlpscale launch of this offering will now tske place in 2026.
THE EQUILIBRIUM CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal rèview Resenffjs policy Given that therè are no currently no expense5 to fund Bnd no 0b1vJatn to rnako grants béyond the a5$815 held in the individual donor adwsed lund$, thg trustees have detenntned thBI m8lntalnlng a financia reserve is not n8cessary. Al grant wuesls and recx)mmendatKJn5 are contingent upon available fund balanc85 and any ancillary costs ar8 covered by EquHibrium Flnane4al Wanning. This poliw will be rewewad annualy lo ensure It remains appropriate. Inveslmentpobcy Investrn•nt pollcy The tlustees have appointed Equili.urn Investment Management IEIM). They operate Uer an investment mandate enatrAiThJ them to oversee the CIO'S assets and establish a fund selecthon fr8meworf( aligned with lftisvidual donor obJecllve$. Maiornsks Prlnclpal risks a1 uncertainlies The prlnctpal risks a in TatiOn to ffinancial market rf0mlaneè inftueneed by economic conditions and tho investrnenl teturn5 Ihis generates, alongside diènt willingness to ci)nlribute donations. Structure. governance and managennt The charity 1$ a cornpany limited by guaranlee. The trustee5 who served during th8 yoar and up lo the date of wgnature of the financial statèménts were.. CALawson M Milton-Edward8 D Shah S E WJrburton A R Evans (Resigned 12 November 20251 RoLYUitntsnf 8nd0ppoin1nnl oftruste&s In seleLng indmduals for appointment, the thanty truste8S rnUSt have regard lo the skills, knowladge and experience needed lorthe effeclwe administration of the CIO. No fewer than a third of Il* thanty twstees shall be appoinled by EFP and need nol be a member or ernployee of EFP. Any person retiring as a charity trusteè is eligible fcK reappointment. OrganisationalstrucÈure The charity trust8è5 shall manage the affairs ol the CIO. The musl be at least three chanty trustees And the maxmum number that may be appoint is seven. The first charity trustees are five in nufflb8r.
THE EQUILIBRIUM CHARITABLE TRUST TRUSTEES. REPORT {CONTINUEDTr FOR THE YEAR ENDED 31 MARCH 2025 Re181Nonsknp wiyj rel8teLIp8rties EquTI brium Finanrial Planning IEFPI provide5 Investrnenl and finan¢Jal plannkng Yv(ce k)¢J¥Aduals In th8 courfe of its day to day bu5inesg. Clients of EFP are offered Ihe epportunty to treato # fvnd wKhln the CIO (lo operate as donoradvisd luNJI In ordèr to fadlftate thelrchartsbk ghAng. EFPil forgo fee5 on pknnning to <ents on the element ofthe6rlunds whl¢h give lo Ihe CIO. It 8180 prOdeS gnrt9nt administratbve support to the CIO. in¢kJdin9 free prtiYis¢cffi of Freetrg rooms for Iruytee and ¢)trv methg4 IT aervKes and rnUte-t8k1n9 in IKder lo the mit)imise 8dminthliwe g)sts ofthe CIO. IK addition. EIM ha6 en appolnled a$ the investrnent monagerwho run a tange of Ihèlr¢xvn fiJTrJ$ wth varylng degree5 of risk in which il 1$ likety Ihal donots will in¥8$1 in. annval management char9e of such funds Is c•mpelitNo relalive to the %Wer markgl. One of the fitstcharfty truetee818 also a majoffty eouty partherln both EFP and Etm. The IrLtsès' rWwa8 apwov¢d by the 808rd of Trustees. CALawn Trustee D81e....2.1
THE EQUILIBRIUM CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Iru5tees are responsible for prsparing Ihe Trustees. Report and the finanual 5taternents in accordance wrth applicable law and United Kingdom Accounting Standards (United Kingdom G8wralty Acc8Pted AOUn11n9 Practi(l. The law applicab to charibes in England and Walos iequires the Iruslees to wepare finan¢ial slalements for each financial yèar which give a true and fair view ol the slate of affairs of the charity and ol the incorning r•SourS and appcation ol resourcès of the tharity for that year. In preparing these financAal statèments, the trustees a requlred lo. - 5eled suitable accoLmting tleS and then apply th8ffl consistendy., - observe the methods and priftuplès in th8 Charities SORP., - maka judgem&nts and estimaies that are reasonable and prudpn(" slate whether appjicable aUntij slandards have been folowed, sutr4'OCt to malèrial ¢Jepartures disclosed and 8xplaFned in the finanoal statements". 8nd prepare the financlal st8ternents on the goTh)g eom¢ern bo$is unl¢s$ rt is inappropriate to wesun that the charlly will contlnuè in Operan. The InJ5tees are SpOnsI111e lof kaepillg suffioenl ?cwuntin9 records Ihal disctose bmth reasonab ao)Jracy at any me the financ4al position ol the charity and enable them to ensure that the fnancial slatements compty wrth the Charities Aci 2011. the Charity (Acxounts and Report5) R8gulations 2W8 and the prowstons ol the tiust deed. Th9y are also responsibte for safèguardin9 the a5sels of the charity and hen for laknng Igasonable steps for the pvenOn and (Jetecuon of tr8ud and other irregularities.
THE EQUILIBRIUM CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EQUILIBRIUM CHARITABLE TRUST I reF to the trustees on my examination of Ihg financial ststgments Of The Equilibrium charItab Trust {the chavityl for the year ended 31 Marth 2025. Re8pon8lbllttl•s and basls of report As the trustees of the cttarfty you are reSpOnbIe for the preparaO¢)n tsf the financial ststements in acccdance wrth the reqrements ofthe Charities Act 2011. I rert in re5PeCt of my examination of the charlty's fflnancial statements cathed out under sedion 145 of the Charities Aci 2011. In carying out my gxamination I have followed the t)irections given by the Charity Commiss under 8ection 14515}(b) of the ChwitiesAd 2011. Ind•pond•nt examlnerfs 8lat•m9nt Your attention is drawn to the fact that the charity has prepared the financtal statements in a[)rdanCe with the relevant version of the Statement of Recommended PraclKe apF4icable to d)arities preparing their financial ststements In accordance the Financial Rpong Slandard applicable in the UK and Republic of Ir818nd IFRS 1021 In preference to the Accounting and Reporting by Charities.. Statement of Recommended Pracllce Issued on 1 Aprfl 2005 which is referred to in the extant regulations but has now been wlhdrawn. l understsThJ that thls h88 been done in order for the financial statements to providg a tru8 and fair vlew kn acCOrdae vhth UK Generalty Accepted Acctyjnting Practice. I have completed my examination. I confinn that no matters have come to my attentlcfi In c(netItOn Ihe examinats" gving rne cause to believe Ihol in any material respect.. accounting rec£•rds were not kept In respect of the tharty as required by SeCt)n 130 of the Charlile8Act 2011. tha finan01 stslements do not accord with those records,, or the financral stslemenls do not CoMY the applicable requlrements conc*mlng thè fom and content of financial statements sel out in the Charities (Accounts and Reports) Regulalfons 2008 other than any reqLMrement that the finanaal 8tatements give a true and fair view. which Is not a matter (>)nsidered as Part 01 an independent examinat. I have no eoneems and have come across no other matters in connedK•n vrith the examination to which attenlion shoulcl be drawn in thls report in order lo en8ble a pfoper understsnding of the ffinancial statements to be reached. Susanna Cassey FCA Independent Examiner Azels Audlt Servlces Fleet Hou8e New Road Lancagtèr LA1 1EZ Untted Kingdom
THE EQUILIBRIUM CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrèstroctsd funds 2025 UnrÈ$trlct•d fundg 2024 Incom• from: Donations and 1ggau¢s Investment$ 191.668 289 303,369 52 Totsl Incom• 191.957 303,421 Expgndlture on: Charitable activities Other expenditure 11,4751 3,757 2.859 Totsl gxpenditure 2,282 2,859 Net gainslllossesl on inve$lmenls 18,124 2.754 14èt Ineome and movement in funds 207.799 303,316 Reconciliatlon of lund8.' Fund balances al 1 April 2024 303,316 Fund balances at 31 MaKh 2015 511.115 303.316 Th8 Statam8nt of finan81 acthwties inrjudes all gains and Joss85 rèeLYJnisÈd in Ihé y•ar. All income and èxp•nditUTe derive from wntinuing activilios.
Draft Flnan¢thl Statements at 14 January 2026 at 14-02-03 THE EQUILIBRIUM CHARITABLE TRUST BALANCE SHEET AS A T31 MARCH 2025 2025 Motes Flxed a550t8 Investsngnt8 514,0 272.401 Current assat8 Debtors 33.750 Creditors. amounts falllng du• wlthln on4 yèar 12.97S) 12,8351 Netcurr•nt Iliabilltl•syassels {2.9751 30.915 Total a¥¥gts less current liabilities 511,115 303,316 Th• funds ol th• charity Unrestricted funds 11 511.115 303.318 511.115 303,316 Th8 financrdl slatem8nts We apwowj by Ihe Iruslees on .1.1.. C A L8wson Tru5to0
THE EQUILIBRIUM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 A¢GOUntlng poll¢i¢$ Charity information The Equilbrium Charilable Trust is a ChaJOtsble In¢orportaed Or9anisation. 1.1 A¢¢ounting ¢onvention The fJnan¢ial statements have been prepared in accordanee with the charivs governing document, Ihe ChortlEs Act 2011, FRS 11r2 'The Finar181 Reporttng Slandard applicable im the UK and Repubhc of Ireland" nd the Charfties SORP "Accounting and Reporting by Charities". Ststemerrt ol Reccmrnended Praette8 applIe lo charlh.es preparing their accounts in a¢coidanc wAlh the Finanual Reporting Standard apphcable in the UK artd Republie uf Ireland IFRS 1021" The tharity is a Public Benefrt Entity as tsfined by FRS 102. The tharty has tak8n advanlaga of Ihe provisions in the SORP foT (8r1tl rt to Ffepare a 8latanent ol cash Iow5. The ffinancial ststernents have départÈd from the charits IAccount5 and Reports) Regulations 2008 On to the exlenl mquir•d tL) provide a true and fair viw. Thi$ departure has invclved followTrng the StatemeFrt of Recommanded Practi lor eharrtles apply4ng FRS 102 rather than the verSn of the Slat¥tnont of Recommended Practic• whith is refrrred to in the Regulations bul whkh ha8 since been wrfhdrawn. The finanrial statements are prepared in slerfiro, which Is the fvndional currency of Ihe carty. Monetsry amourts in Ihese finandal statements are roundÈil to the nea81 £. The ffinancial slalernents have been piepared under the historical L))sl ConvenTr. The pn'nupal acrounting policies adopted are set out bebw. 1.2 Golng concem Al the lime of approving the fjn8nual statements, the trust•Ès have a reasonabl8 èxpectatlon that the charity ha5 adequate resources lo continue in opèrational existence for the f0res9eab flure. Thus the trustees eontÉnue to adopt the goin9 concem basis ol accounting in preparing financial slateffnts. 1.3 Chawltrble funds Unrèstricted funds are d41able for use at the dis¢r$ti0n of th trustees in furtherance of tlf tharitable objectives. Restricted fvnds are subject to 5pecthc condibons by dorK>rs or grantors as to how Ih$y may ba us•d. Tho PUTposes and uses of the rested funds aTe set out b) the notes to the ffnanual statements. Endowrnent funds ar9 ¥ubjecl to specffic conditions by donors that the caprt31 must be rnaintsined by the charity. 1.4 Income Income is re¢ryni¥ed bthen th8 charity is legally enlitled to it aft•r any parforrnance ¢onditi¢)ns have b8on mg1. the amomls cat) be measured reliabty, and it is probablè that incomè Mll te ceIved. Cash donaiions ara r8¢4)gniseLI on receipt. Othèr donations are recognised once the thadty has been notified of Ihe donation. unless perfomance condth'ons requir• deferral of th* arnounl. Income tsx recovgrabl$ In relation to donatlons r6cshfed under Gift Aid or deeds Df cJvÈnant is r8cognised al Ihe tlme of the donation. Legac$ arg regnised on receipt or otherwise rf the charity has been notified of an unpÈndTrig dislribJtion, the amounl is known. and ieceipl Is expected. If Ihe amouni Is noi known. the legacy is treated as a conngent assgt.
THE EQUILIBRIUM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢lg$ Icontlnuodl 1.5 Expendltu Expenditure is recognised On the 15 a legal or construthve obligalion lo transfer ec4)nomic benefft to a third paty. tt 15 probable that a Iransfer of ectsn( beneffils will be Tequir•d in settlement, and the amount ol the obligatiDn can be rneasurod relbly. Exditure 15 clas&Trled by adivity. The costs of each aclivity a mad8 up of the total ol dir&1 c05t5 arKI shared costs, induiling support costs invofved in Undertang each activity. Direct costs attribthabje to a sing activty are allocated di¥ectty to that activty. Shared costs wthich contn'bule to rn0 than one activity and support costs which are not attFibut8ble lo a single actiwty are apporti¢)ned between those a¢tivlEs on a basis consistent with Ihe use of resources. Central staff cosls are allotaied on the basis of lime spent, and depreciation chargès are atlocal8d on th8 porlK)n of the asseys use. 1.6 Fixed a•t InsImentS Fixed assel ir)veslmeThls are initislly rne85ured al tranSlI0n prTh exdwjing tr8nsaLon wsts. and a subsequently rreasured al frdir value at eac reporting date. Changes in lair value are recognised in net Incomel(expenditurèl for the year. Ttsnsaclion costs are expens as incuff8d. 1.7 Cash and ¢ash equivalents Cash and cash equivalents irdude cgsh in hand. deposits held al call banks, other short-term liqul inve5trnenl¥ whh orfglnal maturitses of three months or less. and bank tsrdrafts. Bank overdrafts a shown wAhin bOrroW0S In curn1 liabilrtias. 1.8 Flnanclal instruments The tharity has elected to app the provis•ons of Sedion 11 'Basic Financial Instruments. an¢J Section 12 'Olhei Financial Instrurnenls Issuas, of FRS 102 to all of its ffinancial instruments. Finanual instrutn8nls are re(>)gnlse(l in the tharity's balan¢e sheet vthen the charHy becomès party to the contractual prowsion8 of the $truMent. Finanrjal asgets 8nd lialjtlities a offset, with the net amounts presented in the financial statements, when there ts a leglly enforcabl& ri9hl to $81 off the recognised amounts aJNJ there is an tentiOn lo settle on a net basis or to realise Ihe 8ssel and settle the h'ability simuttaneou$ly. 8asl¢ finan¢lal a6ts Basic finanal a5sels. whlch include debtor5 and cash and bank balxn¢es. a inibany measured 8t tran$a¢lton price including transaction costs and arè subsequtnly caniad at wnorfised cost uslng Ihè eff&1 interesl mgihtyy unless the arrangem8nt Gonstitutes a financang Iransactson. where the transaction is meaSUd al the present value of the fulure rlpt$ discounted at a market ratg 01 interest. FinancAal 45>s dassTrled as Vabl0 one year a not amortiséd. Basic nnaft¢lalllablllil•s Basic finanaal liabiltias, in¢luding credilors and bank loans are inhially COgnised al transadion pri unleyg the arrangement constitutes a financiny tiansadion, where the debt instrum•nt is rnvasured at the present value ol th8 fuiure payments di$¢ounted al a rnarket rate of interest. Financtal liabilities classified as payable within one year a not afftorti3ed. Debt ill51iumenls are subsequnUy carried al amortised cost. using the effedive interest rate method. Trade crèditors are oblvJatK)ns to pay for goods or services that have been aLyuired in th8 ordinwy ¢ours8 of operations from Supplièrs. Amounts payable are ctsssifiod as ¢uii¢nt liabilities il payment is (Juè wlhin one year or $$. If not. they are presènted as non-currenl liabilities, Trade cedrtors are recognised iTritialty at tr#nsaLion wice and sub$•quenlly measured at amorlisecl cDsl using thè effecbve interest method.
THE EQUILIBRIUM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pvlici•s ICorflnued> l)erncognitffon of finan¢lalIlabllèS FinanLyal tra11t1$ are der8cognisèd wh*n tha charty s contractual oblYJallons expl or are distharged or ¢ancelled. In¢ome from donatliJn• and hgacles Unr88tiicted Unr•$lrf¢lsd fvnd8 funds 2025 2024 Donations and gffts 191.868 303,369 Income from Inveslments Unre$trlctsd Unre5tri¢ted fvnds funds 2025 2024 Interest receivaNe 289 Trustsp$ None ol the trustees lor any perso¢)s nnected wilh th8ml rec8 any rernuneration or benefrts trom the ch8rity during the year. Other •xp•ndltur• Vnr•strictsd Ufirestricted fund$ funds 2025 2024 Govemance c051 Fin8nung costs 2,975 782 2.835 24 3.757 2.859 10-
THE EQUILIBRIUM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Galns and losses on investrnents Unr•slrl¢ied UMrèstr4Cted funds lund¥ 2025 2024 Gainslllossas} arfsing on.. Revaluation of investmen1$ 18,124 2,754 Taxalion The tharity is exempt from taxathon on its actitrit*s bècausè all its incame is pled for tharilablg purposes. Fixed a#¥et investmerrts Listed Invgstmgnts Cost or valuation Al 1 Apnl 2024 Addrtitsns Valuation changes 272,401 223,564 18,125 Al 31 March 202S 514,0 Carrybng amount At 31 March 2025 514.090 At 31 March 2024 272.401 Debtor8 1025 2024 Amtsunts falllng dué wlthln onè year. Olher debtors 33,750 10 CreditorJ'. amounts falling due wlthln one year 2025 2024 Accruals and delerred income 2,975 2.835 11
THE EQUILIBRIUM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Unr•stricted fund5 The unrestrict•d funds of thg charity comprise the unexpendgd balances of don8lbn$ and grants YrfhiGh are not subiEcl to specffjc condrfions by donors and granlor5 as to how they rnzy be used. These indude d8sign8ted fvnds wh*ch have bèen set aside out of unrestricted funds by the Iru$tee5 for specific purposes. At l April 2024 In¢omlng resources ReFources expended Galns and At 31 March Ii)sse$ 2025 General funds 303,316 191.957 12,2821 18,124 511,115 Prgvious perlod: At 1 Aprll 2023 Incomlng resources ReSoUe6 expended Galns and At 31 Mar¢h 10sseB 2024 General funds 303,421 P,859) 2.754 303,318 12 Vnrnstricted funds It is intendèd lor the opèrational costs ol the iwust to be off5el by don8tions urto trust by Equilibrium Finanaal PL3nning LLP. Thg donations will b8 made post year end. 13 Relai8d party transa¢tFons Ther8 were no disck)sable related party transacUon$ dullng Ihe year. 12-