Charity number. 203943
READING DISPENSARY TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

READING DISPENSARY TRUST
CONTENTS
Page
Reference and administrative details of the charity, its Twstees and advisers
Trnstees. rèport and sources of applications
Independent exarninerfs report
ststernent of financial activities
Balance sheet
Statèmnt of cash flows
Note5 to the financial staternents
10-20

READING DISPENSARY TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustws
Mr D Horne, Chalr
Mrs J Turton
Mrs M Vale
Mr Steven Pollard
Mr¥ C Bennett {resigned 16 September 20241
Mrs A Ballard, Vice Chair
Cllr. R Williams, Nominative Trustee Reading Borough Council
Mr Mark Hallett, Treasurer
Mr JeTemy Moreton, Vicè Chair
ally Utung {appointed 9 May 2024)
Charity reglstsrod
number
203943
Prlnclpal office
16 Wokingham Road
Reading
erkshlre
FG6 1JQ
M8 M 08boTne
S•crntsry
A¢counlants
James Cowper Kteston
Chartered Account8nt8
Reading 8ridge House
George Street
Reading
8erkshiTe
FPG1 8LS
Bankarn
Lloyds 8ank plc
25 Broad Street
Reading
RG12BT
Stockbrokers
Redmayne Benley LLP
Market Pl8¢e Hou8tr
43 Market Place
Henley-on-Thame8
RG9 2A4
Insurance Brokors
Marsh Commercial
Ca$tleme&d
Lower Caslle Street
Bristol
BSI 3AG
Page 1

READING DISPENSARY IrRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their Annual Report together th tha unaudited financial statements of Reading
Dispensary Trust for the year ended 31 DeGembef 2024. The Trustees confirm that the Annual Report and the
financial statements of the charity Comply with the current Sts￿tOry requirements, the requirements of the
governing document, the Charities Act 2011, the Statement of Recommended Practice appli¢able to charities
preparing their accounts in accordance with the Finandal Rtrporting standard applicable in the UK and Republic
of Ireland IFRS 102) (effective l January 20151.
Objectives and octivitigs for the public benefrt
The public benefft from the TTU$t's activities is substanllal, the guidelines lald down by the Constftutlon.
Grants are given for equipment and services not available through statutory sources to those suffering from
ph￿l¢al and mental illness or disability, living within a seven-mile radius of the centre of Reading. Applications
are received via caring organi8ations, charities, local councils, NHS departments. Citizens Advice, departments
of Reading Borough Council. amongst others. A list of sources of appllc8tion8 is attached.
Grant-making pollcy
Applications are very vaded, ranglng from mobility trikes and deep Cleaning to household itemB such as frfdge8,
washing machiries and flooring. AJI applications require compliance wth the objects of the ChaTity for a grant lo
be awarded. Applicatlons are assessed on a monthly basis by a sub-committee of three members of the Trust.
Since April 2020 these monthty meetings have tsken placo via Zoom. Full board meetings, which tske place
quarterfy, are conducted face-to-face. Recentty the Trust has been receivlng urgent requests and they have been
dealt with ouknth the monthly meetlnas. Any applications over £600.00 are tsken to the quarterfy full board
meeting for approval.
In 2023, Tru8tee8 a180 took the deoision to ask appllcants to con81der requeslng white goods whlch are more
8nergy efficient than the base models and are therefore more expensive. Tru8tee8 are to con8ider raislng tho
ndlng level again al the next AGM in Aprll 2025.
A¢hiev&ment and performance revlew
During the financial year 78 grants were made to individuals, vAlh ts¥o being declined 12023 - 49 grants). Two
organisations ie¢eived grants, totalling £1,400. Grants to Individuals lotolled £32,4781£18,164.04 in 20231 wlth
the average individual grant being £419.841£370.69 in 20231. Awards ranged from £1,050 for part fijnding of
mobility trike for a child shared with Wokingham United Charitses, to Iwo fans {£60.001 for a dlent whose small
one bedroom flal inhabited by one adult and tsvo children, was too hot. In 2024 the Trust shared five grants with
Berkshire Nurses in Sickne88 and Relief, compared to none in 2023, 1 in 2022 and 4 in 2021. The shared
awards amounted to £7,130.00. The shared awards were for the,followng,' vlnyl flooring. garden ¢learan¢e,' deep
deaning; house removal., carpet.
The three organisation8 whld) have submitted th& most requests are.. Readlng Borough Councll 30 {17 in 2023),
Launchpad 18 (3 in 20231 and Communicare 6111 in 2023).
Unlike 2022, where we Saw a doubling of applications from Social Pres¢riber8 from 7 to 14, and a drop to 5 in
2023, in 2024 the number rose again to 7 and covèred h0￿C￿lIUral therapy to phone screens and Readipop
sessions.
In the past, every October the TFUSt declded if remaining income allowed them to make grants to local
organisations. However since 2020 and the pandemic, Ihe Trust has adopted a more flexible approach and if
requested before October can respond to organisational requests in a timely fashir)n. In 2024, organisations
requested organisational grants.. Me2 youth dub which runs a¢tivities for disabled children and who needed
support for volunteer training and Reading Famlly approached the Trust in ju￿ to ask if they would
consider supporting a summer outing for the children with whom they are as60ciated. Me2 was awarded £800.00
and Reading Family £600.00.
BuildiTrg Developments
Followng a decision to retain and redevelop the office takeh at an extraordlnary general meeting held in
December 2022, the trustees agreed that the chair should pursue the redevelopment by enlisting an afchite
and surveyor to assist with this process. In 2023 the Truslees considered the redevelopment from all angles,
Page 2

READING DISPENSARY TRUST
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
cluding the addrtton of an extra storey to maximize potsnlial rental income and decided that the office should
be redeveloped to comply ￿￿th th"sability legislation. In 2024, Planning Consent was secured. The archite￿ has
received tsyo tender5 for the building work and a sub-committee has now been fomied to steer the project
forward and to try to secure a third quote.
Financial Review
The source of income fr)r the Trust is from its inveslments. this incowne has to cover both the running costs and
grant-making activities. During the ytsar under review administration costs were kept under control and income
compared well ￿th previous years. At the year end £1,505,03712023.. £1,483.2471 of reserves were held.
Investment Policy
The charity has an End0￿rIen1 and General Fund and under its goveming documents can use all its income
froFn both funth in achieving its charitable objectives. As such it is important that the Charity maintains the value
of its investments in real terms and that income increases. Therefore the Charity is a long term investor and the
investment objecfive is a balanced re￿rn from ineome and from capital growih. Investments are ¥nanaged t>y
professional stockbrokers, but 811 deasions as to purchase and sale are made by the trustees. after considering
appropriate advice.
Risk Management
The principal r65ks faced by the Trust lie in the performance of investments and the capacity of the Trust to make
effective grants. Suitable insurance is maintained in respect of the Charity's propety.
ReseNes Policy
The trustees Consider that the ineome received is suffi¢ient to fvnd the payment ol grants and administrative
expenditure. The trustees consider that the cash at bank and monies held on deposit represent working capital
available for such expenditure and contingencies.
stFucknre, governance and management
The Trust is a reuistsred charity. numbw 203943 and is constibjted under Scheme of the Commissioners dated
31 December 1975.
New trustees are appointsd by the existing trustses and seNe for 5 years after which they may put the￿elVeS
forward for re-appointment. The scheme provides for a maximum of 14 Trustees, one of Nyhom is a Nominative
Trustee appointed by Reading Borough coun￿1.
The trustses meet quarteTly to ths¢us$ Ihe 8¢tivtiies of the Trust and to approve any grant applications exceeding
£600.00. The day-to-day administrats.on of the trust is undertaken by the clerk, who is employed part-time.
Key Management
The tn¢stees consider the boaid of trustees and the clerk as the key management personnel of the charity in
charge of directing and controlling the charity and Tunning the charity on a day-to-day basis. All trustees give their
time freely and no trustee remuneration paid in the year.
Trustees, responsibilities in Relation to the Financial Statements
The trustees are responsible for keeping proper accounting Tecords that disclose reasonable accuracy at
any ts"Fne the finan¢ial position of the charity and to enable them to ensure that the financial statements compty
th the Charities Acl 2011, the applicable Charbties {Accounts and reports) regulations, and the provisions of the
governing doeument. They are also responsible for safeguarding the assels of the charity and taktng leasonable
steps for the prevention and detection of fraud and other iThegularilies.
Page 3

READING DISPENSARY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
SOURCES OF INDMDUAL APPLICATIONS 2024
BERKSHIRE VISION 1
CITIZENS, ADVICE 1
COMMUNICARE 6
FAMILY AID 1
GP SOCIAL PRESCRIBER 1
LAUNCHPAD 18
MENCAP 3
READING SOCIAL SERVICES
Adult Social Care 3
Housing Support 14
Social Incluslon 13
RVA SOCIAL PRESCR18ERS 7
TRANSFORM HOUSING 2
UNIVERSITY OF READING MEDICAL PRACTICE 3
WEST BERKS PHYSIO 1
WEST BERKS SENSORY UNIT 1
WOKINGHAM UNITED CHARITIES 1
WOMEN IN PRISON 1
WOKINGHAM MENTAL H&4LTH CARE TRUST 1
GRANTS TO ORGANISATIONS 2024
Me2 youth club
Reading Faimily AID
Training
Outing
£800.1)0
£600.00
Awards to Individuals 2024
Washing Machines 1 S
FNdge Freezers 9
Beds and Mattresses 8
Fumlture (Wardrobes, tables and chairs. chest of draws) 6
Cookers 3
Skip 2
Moving costs 2
Page 4

READING DISPENSARY TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Oven 2
HortluJ￿u1al therapy 3
Ca￿etsIFI0orin9 6
Sofa bed 2
Sofa 2
Deep deaning 1
Tumble dryers 1
Mobility trike I
Clothes 1
Airfyer 1
Gardem landscaping 1
Ffionetscreèn 1
Saucepans 1
Vacuum Cleaner 1
Garden clearance 1
Bicycle and lo¢k 1
Sewing le580ns 1
Room fans I
ADple watch 1
Microwave 1
Readipop sessions I
Door 1
Approved by order of the members of the board of Trustees and signed on their behalf by=
Mr D Home
Chair
Date= 8 April 2025
Page S

READING DISPENSARY TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independenl Examingrfs Report to the Trustees of Reading Di$p•nsary Trust {Ihe charit*)
I report to the charity Trustees on my examination ofthe accounts of the Gharity for the year ended 31 December
2024.
Responsibilities and Basls of Report
As the Trustees of the charlty you are responsible for the prop8ration of the accounts in accordance the
requirements of the Charities Act 2011 Ilhe 2011 ACY).
I report in respect of my examin8tion of the charfty8 accounts carried out under section 145 of the 2011 Act and
in carry¢ng out my examina￿On I have followed the appllcable Direclion$ given by the Charity Commission under
Section 145{5)Ibl of the 2011 Act.
Ind•pendgnt Examinerfs Stalement
Your attenllon18 drawn to the fact that the charity ha8 prepared the accounts in ac¢ordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice appllcable to charitie5 preparing their accounts in
accordance wth the Financial Reporting Standard applicable in the UK end Republic of Ireland IFRS 1021 in
PTefeTen¢e lo the Accounting and Reporting by Charities.. Ststement of Recommended Pracllce i88ued on 1 April
2005 which18 referred to in the extant regulation8 but ha8 been wthdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in ac￿rdanCe with
the Generalty Accepted A¢¢ounting PractlGe effective fof reporting period8 beginning on or after l January 2015.
I have completed my examination. I conffirm that no matters have com& to my attention In connedon vhth the
examination giving me cau8e to believe that in any materlal re8PeCt'.
ao¢ounting record8 were not kept In respect ofthe Charlty a8 required by secdon 130 of the 2011 Acl., or
the accounts do not o¢oord with those re¢ord8', or
the accounts do not comply wlth the applicable requirements concerning the form and content of
accounts set out in the Chaiile8 {Accounts and Reports) RegUla￿on$ 2008 other thon any requirement
that the accounts give a 'true and fair. view %thich 18 not 8 matter considered as part of an Independent
examination.
I have no concern5 and have come across no other m8tters In connection ￿1th the examination to which
attention should be drawn in thi8 report in order to enable a propèr understandlng of the accounts lo be reached.
Th18 report 18 made solely to the charity's Tru8te&s, as a body, in accordance Y￿th Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stste lo the charitys
Trustees those matteTS l am required to stale to them in an Independent examiner's report and for no obher
purpose. To the fvllest extent permitted by law, I do not accept or assume responsibility to anyone other than the
charity and the tharity's Trustees as a body, for my WOTk or for thi8 report.
Signed: •
Darren O'connor Bsc {Honsl FCCA AGA
Datsd.. 22 April 2025
Jarnes Cowper Kreston
Chartered Accountants
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
Page 6

READING DISPENSARY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Endovnnent Unrestricted
funds
funds
2024
2024
Totsl
funds
2024
Totsl
funds
2023
Note
Income and endowrnents from:
Investments
58.406
47,313
Total incorne and endowments
58,406
47,313
Expenditur¢ on:
Raising funds
Charitable actNities
6,135
62.498
6,135
62A98
6,302
35,529
Total expenditure
58.633
58,633
41,831
Net 1èxpend1￿reI1lnC0m* bèfore net
gains1{10s5esl (th investmènts
Net gainslllosses) on investments
{227)
(11,2651
{2271
22,017
5.482
625
33,282
Net incomel{èxpgnditurel
Transfeis between fund$
33,282
129)
111.492}
29
21.790
6,107
13
Net movement ￿ fvnds
33253
111.463)
21.790
6,107
Reconciliation of funds:
Total funds brought fr)rward
Net movemerrt in funds
752,914
33,253
730,333
{11.4631
1,483.247
21.790
1,477,140
6,107
Total fund$ carried lorward
786,167
718.870
1.505.037
1,483,247
The Statement of Financial Activilles indudes all gains and losses recognised in the year.
The notès on pages 10 to 20 form part of these financÉal statements.
Page 7

READING DISPENSARY TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
75.000
1,251,905
75,000
1,230,723
1,326.905
1,305,723
Currenl assets
Debtors
Cash at bank and in hand
4,180
176,942
179,950
181.122
179,950
Other creditors
12
(2.990>
12.4261
Net cuThent assets
178,132
177,524
Total assets less current liabilities
1.505,037
1,483,247
Total net assets
1.505,037
1,483,247
Charityfunds
Endowment funds
Unrestri¢tsd fvnds
13
13
786,167
718.870
752,914
730,333
Total funds
1.505.037
1.483,247
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr D Horne
Chair
Date.. 8 April 2025
The notes on pages 10 to 20 form part of these financial statements.
Page 8

READING DISPENSARY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flows from operating activities
Net cash u8èd in operating activlties
15
(7T￿42)
140,7411
Dividends, interests and rents from investments
Purchase of investments
58.406
164.407)
74,835
47,313
130,0601
1 $0,549
Proceeds from sale of investments
Net cash provid•d by investing activbties
68,834
167002
Change In ca#h and Cash •qufvalents In tho year
Ca8h and c88h equivalents at the beginning of the year
(3,0081
179,900
127,061
52,889
Cash and cash equival•nls al Ihe •nd of tho year
18
176,942
179.gso
The notes on pagè8 10 10 20 lomi part of the88 financl41 statem•nl8
Pagtr 9

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounling policie$
1.1 Basis of preparation of finan¢ial ststemonl$
The financial statements have been prepared in accordance vAth the Charities SORP IFRS 1021-
Accounting and Repts￿ng by Chariknes.. Statement of Recommended Practice applicable lo charities
prepartng their accounts in accordan¢e with the Financial Reporling Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 20191, the Flnancial Reporling Stsndafd
applicable in Ihe UK and Republic of Ireland (FRS 102) and the Charities Acl 2011.
Reading Di8pensary TTUSt meets the de)Initlon of a public beneffit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherw8e 8tated in the
relevant accounting pollcy.
12 In¢ome
All income 1$ recognS8ed once the charlty has entiuernent to the income, It 18 proboble that the Income
11 be re¢eiv¢d and the amount of incomè re¢&lv8ble cen be meosured rellably.
Income tsx recoverable In relation to Inveslmenl In¢ome Is re¢ogni$ed at the tlme the investment
income is recelvable.
12 Incomlng rnsourcei wlth r•latsd expend1￿r•
Where incoming resources have related expenditure the Incoming reBource8 and related expendlture
are reported groBS in the Ststement of Financial Activities.
1.4 Expondbtyre
Expenditurels recognlsed once ther&18 a legal or constrLtctive obligation to transfer e¢onomic benefit
to a third party. it Is probablg that a transfer of economlc beneffits will be requlred in 8etUement and
the amount of the obligation can be m&a$ured reliably. Expenditure is ¢la88iffied by activity. The costs
of each activity are made up of the totsl of direct ¢08ts and shared costs, Including support costs
Involved in undertakirbg each activity. Direct e08ts attributsble to a slngle activity are allocated direcdy
to that activlty. Shared costs whi¢h contribute lo more than one activty and support costs which are
not attributable to a slngle activity are apporlloned bel￿een those activities on a basis consistent wlth
the use of resources. Central staff costs are allocated on the basis of time spent, and depreclation
charges allocated on the portion of the a88ef8 Use.
Expendlture on raising funds includes all expenditure incurred by the charity lo raise fijnds for Its
charitable purposes and indude8 ¢08ts of all fundraising activiti&s events and non-charltable trading.
Grants poyable are charged in the year when the offer is made except in those cases ￿ere the offer
is conditional, such grants being recognised as expendf(ure when the conditions attaching are
fulffilled. Grants offered 8ubjert to condrtions whlch havo not been met at the year end are noted as a
mmitment, but not accrued as expenditure.
1.S Interest receivablo
Interest on funds held on deposit is included vthen receivable and the amount can be measured
reliably by the charity,. this is normally upon notifficatlon of the interest paid or payable by the institution
th whom the tunds are deposited.
Page 10

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting polici85 Icontinued)
1.6 Tangibk T￿ed asset5 and depreciation
Tangible fixed assets are inittally recognised at cost. After recognibon, under the co¥1 model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
108se8. Al costs incurTed to bring a tangible fixed 8s8et into its intended working condition should bè
Included in Ihe measurement of cost.
Depreciation is chargsd 80 a8 to allocate the cost of tangible fixed assets les8 thek re8ldual value
over their estimated usefvl lfves, uslng the $traight-Ilne method.
Deprtclatlon18 provided on the follo*ing ba$e8.'
Freehold property
Office èquipment
Not depreclated
20Qh straight line
1.7 Investments
Flxed a88et Inve8lments are a form of finandal In8trument and are Initially recognised at thelr
transactlon cost and subsequenuy measured at fair value 81 the Balance sheet date, unless the value
cannot be measureil reliably in vA)Ich case it18 measured at cost less impairment. Investment gains
and losses, whether realis8d or unreali8ed. are combined and presented as 'Galnsl(Lossesl on
Investments, In the Ststement of financial actlvitse8.
1.8 D8btors
Trade and other debtors afe recwi6ed at the settlement amount after any trade dl8count offered.
Prepayments are valued at the amount prepald nèt of any trade discounts due.
1.9 Cash at bank and in hand
Cash at bank and In hond include8 cash and 8hort-term highly liquid Investments vAth a short ma￿rity
of three months or le88 from the date of 8QqLbi8ibon or openlng ol the dep0811 or Similar account.
1.10 Liabilities and provl•ions
Liabilltle8 are recognised when there is an obligation at the Balance sheet date 08 a fesum of a pa8t
event, It Is probable that a trarb5feT of economic benellt VAII be required in settlement. and the amount
of the settlement can be estimated reliably.
Liabillties are re¢ognlsed at the amount that the charity anlldp8te8 It pay to Settte the debt or the
amount it ha8 received as advanced payments for the goods or services it must provide.
1.11 Flnancial instrumènts
The charfty only has financial assets and financial liabilthes of a klnd that qualify as basic financial
instNments. Basic flnonaal instruments are ir5itially recognised at transaction value and 5ubsequentty
measured at their sethement value wth the exception of barbk loan8 V*hich are sub5equenlly
measured at amortised cost using the effective interest method.
1.12 Fund accounting
General funds are unrestricted fijnds which are available for use at the discretion of the Trustees in
ffijrtherance of the general objectives of the charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to Ihe appropriate fijnd.
Page 11

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting polici￿ (continued
1.13 0oveman¢• costs
Govemance costs include the costs for the preparation and examination ofthe stslutory accounts.
1.14 Property
Propeity is not depTeciated as it is included in the ffinan¢ial stabnents at open market value. The
propeity is subject to a professional valuation every five yeaTS and in the Interveing years the
valuation is based on the opinion of the tru8te88.
Critical accountlng estimates and areas of Judgment
Estimates and judgments are continually evaluoted and are based on historical experience and other
fgctors, including expectations of futrjre events that are believed to be reasonable under the
circumstances.
CTltical accounting eslimates and a8sumption8.'
The charity make8 eStlmate$ 8nd assumptions concemlng the fijbjre. The re8ultlng accountlng e$Omgtg8
and assumptions ￿11. by definition, s8ldom equ81 the related actual results.
Investment income
Unr•strlct•d
fund$
2024
Total
funds
2024
Total
fiJnd¥
2023
Dividends and Intere81
56,194
2,212
66,194
2,212
47,096
217
Bank interest
58,406
47,313
Totsl 2023
47,313
47,313
Page 12

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on raising funds
Unreslricted
funds
2024
Totsi
funds
2024
Total
fvnd5
2023
Investment management fees
6,135
6,135
6,302
Totsl 2023
6,302
6.302
Analysis of grants
Grants lo
Organi5ations
2024
Grants to
Individuals
2024
Totsl
funds
2024
Tota
funds
2023
Grants paid
1,400
32.478
33,878
20,559
Total 2023
600
19,959
20,559
Analysis of expendilure by acti¥hie$
Activities
undertaken
directly
2024
Grant
funding of
activities
2024
Total
funds
2024
Total
nds
2023
Direct costs
Grants paid
18.620
18.620
33,878
14.970
20.559
33.878
18.620
33.878
52.498
35.529
Totsl 2023
14,970
20,559
35,529
Page 13

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expendi￿r￿ by activities (continued}
Analy51$ of direct costs
Total
funds
2024
Total
funds
2023
Activiti•s
2024
Wages and salaries
Office running costs
Property costs
Professional fees
Insurance
Hall hlre
8.239
8,239
7,820
488
1.514
4,517
411
2,859
6,969
412
141
2,859
6.969
412
141
220
18,620
18,620
14,970
Total 2023
14,970
14,970
Ind?￿Thdent exominef$ remunerntlon
2024
2023
Fees payable to the charlV8 Independent examlner for the independent
examirbation of the oharitys annual accounts
2,628
2,310
Stsff costs
2024
2023
Wages and salaries
8.239
7,820
The average number of persons employed by the oharty during the year was as follov+E'.
2024
No.
2023
No employee received remuneration amounting to more than £60,000 in either year.
Page 14

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed as5et$
Fraehold
property equipment
Total
Cost or valuation
At 1 January 2024
75,000
1,260
76,260
At 31 December 2024
75,000
1,260
76,260
Depreciation
At 1 January 2024
1,260
1,260
At 31 December 2024
1,260
1,260
Net book value
At 31 December 2024
75,000
75,000
At 31 December 2023
75,000
75,000
The property at 16 Wokingham Road was revalued at £75,000 on 6 March 2019 by a local estate agent
taking into consideration local property market values. The trustees are in agreement with the above
valuation.
The trustees do not believe the market value changed materialty belween 6 March 2019 and 31
December 2024.
Page 15

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Fixed asset inve51ments
Listed
investments
Cost or valualion
Al 1 January 2024
Additions
Di8PO881$
Revaluations
1.230.723
64.407
174.8351
31,610
At 31 December 2024
1,261,905
Not book value
At 31 December 2024
1,261,905
At 31 Decemb&r 2023
1,230,723
Material investments
Investments held whleh con8titule 5% or more of the total value are 48 follow8..
2024
2023
Aberdtren Asian In¢ome Fund
Allianz Technology Trust
CCLA Investment Management Ltd- Inve8tment Income
BNY Mellon Fund Managers Limited
M & G Investment Fund for Charities
82,600
70,602
1ffj8.080
76,891
123,137
78,000
154,592
73,466
167,374
11.
Dgbtors
2024
2023
Due within one year
Prepayments and accrued income
4,180
4,180
Page 16

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2024
12. Creditors: Amounts falling due within one year
2024
2023
Other creditors
2,990
2,426
Page 17

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statement of funds
ststèment ot funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Gainsl
Losses)
Income Expendiiure
UnrestTiCted
funds
General Funds-
all funds
730.333
58,406
(58,633)
29
(11.265)
718,870
Endowment
funds
Endowmenl
Funds - all funds
752,914
1291
33,282
786,167
Total of funds
1,483,247
58.406
158,633)
22.017
1,505,037
StalemÈnt of funds - prior year
Balance at
31
Balance at
1 January
2023
Transfers
inlout
Gainsl
{Losses)
December
2023
Income ExpenditUTe
Unrestricted
funds
General Funds -
all ftjnds
693,729
47,313
(41,831)
24.785
6,337
730.333
Endowment
fvnds
Endowment
Funds- all fijnds
783,411
124,785)
(5.7121
752,914
Total of funds
1,477.140
47,313
141,8311
625
1,483,247
Page 18

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. An8tysis of net assets belween funds
Anatysis of n•t assels between funds - ￿TTent perlod
Endowment Unrestricted
funds
funds
2024
2024
TOL71
funds
2024
Tangible fved assets
Fixed asset investments
Current assets
Creditors due ￿thin one year
75.0001
711,167
75,000
1251,905
181.122
12.9901
540,738
181,122
12,9901
Totsl
786,167
718,870
1,505,037
Analysis of net as5et5 belween funds - prior period
Endowment Unrestricted
funds
fvnd5
2023
2023
Totsl
nds
2023
Tangible frxed assets
Fixed asset investments
Current assets
Creditors due wthin one year
75,000
677,914
75,000
1,230,723
179,950
(2.4261
552,809
179,950
{2,4261
Total
752.914
730,333
1,483,247
15. Reconciliation ol net movement in funds to net cash flow from 0￿ratIng activi¢ie$
2024
2023
Net income for the period {as per Statement of Financial Activities)
21,790
6,107
Adjustments for:
Losses on investments
(31.6101
158.4061
{4,1801
(2351
147.3131
Dividends, interests and rents from investments
Increase in debtors
Increase in ¢reditors
700
Net cash used in operating activitie5
171.842>
(40,741)
Page19

READING DISPENSARY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Analysis of cash and cash equivalents
2024
2023
ash in hand
176,942
179,950
Total cash and ¢8sh equivalents
176,942
179,950
17. Analysls of Changes in net debt
At1
January
2024 Cash flows
At31
De¢ombèr
2024
Cash at bank and in hand
179,960
13,0081
176,942
179.960
(3,0081
176,942
18. Rèlated party tr4n8action¥
During the year, no Tru8tee8 received any remuneralon or other bonefit612023.' £nll).
During the year, no Trustee expense8 have been in¢urred12023.. £nll).
19. Endowmont (Capital Fund)
This represents those assets which must be held permanently by the charity. principally invesknents.
Income arising can be used. in accordance the objects of the charity, and is included as unre8trfcte(J
income. Any Capital gains or losses aTl8lng on the investments form part of the fvnd.
Unreslri¢t9d fund (Accumulat￿ In¢om• Fund)
This comprises th08e fvnds vthich the trustees are free to use in accordance wilh the charitable
objective8.
Page 20