| Trustees | Mr TG White Mrs CJ White Mrs JL D'Angelo Mr AEJ Hall |
|
|---|---|---|
| Senior management | Mr T G White | Chair |
| Mrs J L D'Angelo | Administrative role | |
| Charity number (England and Wales) | 1201929 | |
| Principal address | The Grange | |
| Longmeadow | ||
| Lode | ||
| Cambridge | ||
| CB25 9HA | ||
| Independent examiner | Whitings LLP | |
| Fenland House | ||
| 15B Hostmoor Avenue | ||
| March | ||
| Cambridgeshire | ||
| PE150AX | ||
| Bankers | Lloyds Bank | |
| 98 Victoria Street | ||
| London | ||
| SW1W 5JL | ||
| Investment advisors | City Asset Management PLC | |
| 7 Bishopgate | ||
| London | ||
| EC2N 3AR |
| Page | |
|---|---|
| Trustees' report | 1 -4 |
| Statement of trustees' responsibilities | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9- 15 |
| Unrestricted Total | Unrestricted Total | Total | ||
|---|---|---|---|---|
| funds | ||||
| 2025 | 2025 | 2024 | ||
| Notes £ £ | £ | |||
| Income from: | ||||
| Donations and legacies | 3 | 3,500,000 | ||
| Investments | 4 | 119,199 | 119,199 | 96,210 |
| Total income | 119,199 | 119,199 | 3,596,210 | |
| Expenditure on: | ||||
| Charitable activities | 5 | 14,482 | 14,482 | 2,395 |
| Investment management costs | 16,473 | 16,473 | 16,211 | |
| Other expenditure | 8 | 2,133 | 2,133 | 3,561 |
| Total expenditure | 33,088 | 33,088 | 22,167 | |
| Net gains/(losses) on investments | (113,275) (113,275) | 42,287 | ||
| Net income/(expenditure) and movement in funds | (27,164) | (27,164) | 3,616,330 | |
| Reconciliation of funds: | ||||
| Fund balances at 6 April 2024 | 3,616,330 3,616,330 | |||
| Fund balances at 5 April 2025 | 3,589,166 3,589,166 | 3,616,330 |
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ £ | £ £ | |
| Fixed assets | |||
| Investments | 10 | 3,290,431 | 3,098,613 |
| Current assets | |||
| Debtors | 11 | 122 | 123 |
| Cash at bank and in hand | 300,252 | 518,655 | |
| 300,374 | 518,778 | ||
| Creditors: amounts falling due within one 12 | |||
| year | (1,639) | (1,061) | |
| Net current assets | 298,735 | 517,717 | |
| Total assets less current liabilities | 3,589,166 | 3,616,330 | |
| Net assets | 3,589,166 | 3,616,330 | |
| The funds of the Foundation | |||
| Unrestricted funds | 13 | 3,589,166 | 3,616,330 |
| Total funds | 3,589,166 | 3,616,330 | |
| The financial statements were approved b | y the trustees on | ?.&l.l,'.l |
| 3 | Income from donations and legacies | |||
|---|---|---|---|---|
| Unrestricted | Total Unrestricted | Total | ||
| funds | funds | |||
| 2025 | 2025 2024 | 2024 | ||
| £ | £ £ | £ | ||
| Donations and gifts | 3,500,000 3,500,000 | |||
| 4 | Income from investments | |||
| Unrestricted Total Unrestricted Total | ||||
| funds funds | ||||
| 2025 2025 2024 2024 | ||||
| £ £ £ | £ | |||
| Income from listed investments | 70,505 | 70,505 51,762 |
51,762 | |
| Interest receivable | 48,694 | 48,694 44,448 |
44,448 |
| Unrestricted | Total Unrestricted | Total Unrestricted | Total | |
|---|---|---|---|---|
| funds | funds | |||
| 2025 | 2025 | 2024 | 2024 | |
| £ | £ | £ | £ | |
| Direct costs | ||||
| Grant funding of educational courses | 7,088 | 7,088 | 2,000 | 2,000 |
| Grant funding of activities (see note 6) | 7,394 | 7,394 | 395 | 395 |
| 14,482 | 14,482 | 2,395 | 2,395 | |
| Analysis by fund | ||||
| Unrestricted funds | 14,482 | 14,482 | 2,395 | 2,395 |
| Grants payable | ||||
| Unrestricted | Total Unrestricted Total | |||
| funds | funds | |||
| 2025 | 2025 2024 2024 | |||
| £ | £ | £ | £ | |
| Grants to individuals | 7,394 | 7,394 395 | 395 |
| Unrestricted | Total Unrestricted Total | Total Unrestricted Total | Total Unrestricted Total | |
|---|---|---|---|---|
| funds funds | ||||
| 2025 | 2025 2024 2024 | |||
| £ £ £ | £ | |||
| Advertising and marketing | 1,098 | 1,098 | ||
| Postage fees | 5 | 5 | ||
| Bank Fees | 30 | 30 | ||
| Insurance | 105 | 105 | ||
| Website & IT Costs | 2,435 | 2,435 | ||
| Financing costs | 1,030 | 1,030 | 956 | 956 |
| Other expenditure | 35 | 35 | ||
| 2,133 | 2,133 | 3,561 | 3,561 |
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 6 April 2024 | 3,098,613 |
| Additions | 891,548 |
| Valuation changes | (113,274) |
| Disposals | (586,456) |
| At 5 April 2025 | 3,290,431 |
| Carrying amount | |
| At 05 April 2025 | 3,290,431 |
| 11 | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Amounts falling due within one year: | £ | £ | |
| Prepayments and accrued income 1 22 | 123 | ||
| 12 | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 105 | 461 | |
| Accruals and deferred income | 1,534 | 600 | |
| 1,639 | 1,061 |
| At | 6 April 2024 |
Incoming resources |
Resources expended |
Gains and losses |
At 5 April 2025 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| General funds | 3,616,330 | 119,199 | (33,088) | (113,275) | 3,589,166 | |
| Previous period: | At | 6 April 2023 |
Incoming resources |
Resources expended |
Gains and losses |
At 5 April 2024 |
| £ | £ | £ | £ | £ | ||
| General funds | 3,596,210 | (22,167) | 42,287 | 3,616,330 | ||
| nalysis of net assets between | funds | |||||
| Unrestricted | Total | |||||
| funds | ||||||
| 2025 | 2025 | |||||
| £ | £ | |||||
| At 5 April 2025: | ||||||
| Investments | 3,290,431 | 3,290,431 | ||||
| Current assets/(liabilities) | 298,735 | 298,735 | ||||
| 3,589,166 | 3,589,166 | |||||
| Unrestricted | Total | |||||
| funds | ||||||
| 2024 | 2024 | |||||
| £ | £ | |||||
| At 5 April 2024: | ||||||
| Investments | 3,098,613 | 3,098,613 | ||||
| Current assets/(liabilities) | 517,717 | 517,717 | ||||
| 3,616,330 | 3,616,330 |
| Donations | |
|---|---|
| 2025 2024 | |
| £ £ | |
| Mr T White | 3,500,000 |