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|Trustees|Mr TG White<br>Mrs CJ White<br>Mrs JL D'Angelo<br>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||





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||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|





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|||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|





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|||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||





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|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<br>51,762|51,762|
||Interest receivable|48,694|48,694<br>44,448|44,448|





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||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|



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||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|





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||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|



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|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|





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||At|6 April<br>2024|Incoming<br>resources|Resources<br>expended|Gains and<br>losses|At 5 April<br>2025|
|---|---|---|---|---|---|---|
|||£|£|£|£|£|
|General funds|3,616,330||119,199|(33,088)|(113,275)|3,589,166|
|Previous period:|At|6 April<br>2023|Incoming<br>resources|Resources<br>expended|Gains and<br>losses|At 5 April<br>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|



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||Donations|
|---|---|
||2025 2024|
||£ £|
|Mr T White|3,500,000|