RADLEY CHARITABLE TRUST FINANCIAL STATEMENTS FOR TKE YEAR ENDED 5TH APIUL 2025 CONTENTS AND CHARrrY INFORMATION cowrEKrs: PAGE: Report of the TnL8tees Staiement of FitwKI A¢tivit&48 B41w]¢¢ Sho¢t Noteg to Financial Statejne CURRENT TRUSTEES: J Ihub]]aY {app)inted 12.05.24) H TOnillS S Doughty (wiDted 13.0524) J Wheat]¢y (resigned 05.04.25) M J(thuSOD (Chair) L {appointed 03.01.25) B Reddy F TLNJ CHARtTY REGISTRATION NUMBEii.' 208313 REGISTERED OFFICE: The Gate Church Road Royston SG8 8QT Ian W Shipley FCCA For and on FthlfoF. Prfflrtis & Co Ltp Chartered Accountants and Indqthdctst Examin¢TS 115c Milton Road Cambridge CB4 IXE BANKERS.. C(wpeTative Bank PIC Burleigb Street Cambridge CBI IDF Tridos ByDk NV BTre1 House I l The PrO¢ade BristoL BS8 3NN Cambridge Build S(Kicty PO Box 232 51 NewJn&Tket Road Cambridge CB5 8FF Ecology Building Society 7 Belton Road Silsden KeIleY West Yorkshire. BD20 QEB rNVESTMENF FINANCIAL ADVISORS.. Evelim Partners ine Hills Road Cambridge CB2 IGE
RADLEY CHARITABLE TRUST PAGE I FNANCJAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 TRUSTEES, REPORT TRUSTEES? REPORT FOR THE YEAR ENDED 5APRIL 2025 The frustees submit their rewrt aDd the fiDancial statements of R*Jley Charitable Tr91 (the Charity) for the year ended 5 April 2025. The Trustees confirn thatthe aDnuairewrt and flljancial statements of the charity comply with cutrent statutory requiyements. therequirements of the chaTity's governing dllent andthepn)visions for smallercharities inthe StatemEnt of Recommended Practice (SORP)"Accounting and Rep>rting by Charities" effective from l January 2019. Structur4 goverDyttte mgnAgfment Constithtio A Deed of Settlement made by Philip R&l]cy aThJ Myrtle AldTffl Radley on 13 November 1951 fornied the Charity. The eurnt Deed of Settlement took effect t)n 27th November2023. Organtsational strueture And deelslon maklng Thc Trnstees set outthe general poli¢y of the chlty ¥nd Tun the day-to-day affairs of the Charity. The TTh5tees who served during the year w¢r¢: Jon¥4tb8n Burt Lia den Daas je¢$ Doubleday Susan Doughty Marisa J¢)knsOn Becky Reddy FioDna Tod Helga Tonthins Oliver Watethous¢ Jane Wheatley Oliver WateTbouse resignel and Jamcs fknubleday and Susan Doughty we¥e aFwintal on 13 May 2024. Jonathan Burt resigned on 315t DecembeT 2024. Lia (kn Daas appointed on 3rd January 2025 and Jane Wheatley resigned on 5th April 2025. Trustees are thallked for their contr]bvtioJ)5 dwing the year of particular note is the service of Jalle WheaÉl¢y who has been a tnts fLY over 25 years. The Truste¢3 are appointed by the Board of Trnstee5 and ar¢ not subject to periodical re-election. The board of TnteeS endeavours lo apyjint Trustees, aDd when necessary, who will provide valuable and practical skills for the chayity. OblectÉwe8 The Charity w&$ fornied in 1951 by Philip and Myrtle Radley. both in tnernbcTship of the S(]ety of Friends (Quakers), as vehicle for making donations to other Clwities and individuals deemed to be in need within the remit of RÈdley Trust bjeetives and values. Since 1951 the TnL8t h&$ rnt) the s8me lineg. meeting fourto five times per yekr, 88reeing small gtants to cbarities and indivi¢bJals that fall into the main catrgories of.. The advaneement of hum£n rights. conflict resolution. reconL41iation' the pn)motion of r¢ligiow OT racia] harniony or equality and diveT5ity. The relief of those in need by reL8on ofyollty old 8ge. ill health, financi81 hardsbip or other disVantages. The Trnstees continue to SUprt the nature of the Trnst's grnnt rnaktng of thrcc-yczr rolling prOgr4Dt underpin the Brcater part of our giving, collpled with the smallcr one-off Rapid RespoTh8e grdnts. We aTe happy to TepLYt that tbe Lytgoing partncr5hip with John Huntingdon's Cbarity for Rapid Rcspjnse continues to work well and constitute5 the largest slwe of ow Rapid Response giving. The Trust's objectives remain tht 8ame, the fiwth¢r8n¢¢ of. Conflict Resolution Peace Justice and Human Rigbts worldwid¢ Sustainable developments in the 'developillg WOTId' Equalty These objectives continue to be underpimied by the valu&s that sprfftng from the origitial Quaker foundation of atity, pea¢4 &ustsinabilty, simplicity aDd gnswerirng 'flt of God ill everyone..
RADLEY CHARITABLE TRUST PAGE 2 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 TRUSTEES, REPORT Attiviti&9 During the year 224r2025 the Radjey Tht bas wotked with thirteen (arities in ptherships. Our PaTthersbip with Cmbridge Doo]a5 ended ¢]urtug the finaucia] year. Three new pa]pS have been established during the year.. Th¢ Dorothy Cornmunity is a project Si]ppo8 undocume4Jted people ID the NetherlaDds, Quaker Social Aetion Cook UP workshop5 for hOe1C3S people iti Lolldon to learn c(K)king skill& aDd StAlld AgaiDsÉ VloleDce a project aiming to reduce bullying and violence through sch] WOTk5bop5. DIng this fJnaDcial year th¢ trust gave 8evqal iJDe4)ff larger gants.. kn The Frlend Publlcatlons for extended coverage of the WOT]d gath¢ring plenary. to FWCC World GatheTing for buT5aTies forparticipant4 aDd Tbilisi (Georgia) Quakera Members foI an IT tratning projccL Trustees maintsin contactwithT¢cipients viaregular reports fromtheirch05enpartDer5 which helpto monitorthe usefuknoss of their supporL Trustees continue to welwrne this irkdepth knowledge of tbe woik DuTing this fjnaTt¢ial year our R8Ptd ResFM)nse frl¢d an Irn[ elerne of our wo. we have been able to help 83 peopk or hous¢bolds in need in C8mbridge5hire. We are grnieful foT the two-year graTYt received 2023-25 from the Ann Docwra Fwid to distriTrJute througb our rapid rwnse med)anisrn5. This wa5 SUFplement by th¢ fund with a fijrther £7,500 th]Ting thig finalleial year. The Rapid Response giving in the year increased by 25tA+ on the previous year showing a clear increase in dernand for the thirdyear. Ourbudget and cash flow limitstions meantthtte wtte OclOnS this ye8rwherttlLe fimd IAt0 elose to requcsts. Through the year, requests have IKen received from a rdllge of (wnisations supN)rttng lower income regidtnts in CambTidgeshire, incllldin8 hoLL8ing agencies. Cambridgesbire Council Housin& Citizens Advice and homeless support charities. This wort( is becoming an increasing burden on the voltr trustees. In light of The Ann Docwrn's developing WOTk in the arK tsu%tees twk the difficultde¢i8irn to ¢los¢the Rapid Response fudIng str¢am the end of thls financial y¢ar. Ow largest partrersh&p grant is allocated by Jobn Huntingdon's Chatity oll bebolf of Radley TTUSL working iu the area Surrounding the village of Saw5ton in South Cambridgeshire. JHC dis1)Ute this in the forn) of Rapid Response style granis lo those who do not meet the criteria of JobD HuntingdoD'S C1 then1Ves. are aware of their respottsibilityutththe law and in compliance with the Charities Act2022. They e also gware of the lle to give alwe and fair view of the cbarity's activities dwing the year. Thistees aye aware of their Te5pon5ibility to eva]uate the charity's fllwicial wjsition and sustsinability. The trste¢s have T¢asonable expectstioTrtbat tbe charityhas adequate resourcestocontinue inoperational existence forthe foresecablc future aD(L ibercforc, continue to adopt the going concem b&8is in prepdrinE these fmanGial 5(atemEI5. Acbievements and PerfonDance Revlew of performance During the year the trust e1Ved inv&knient income total]iDg £33.953121Y24: £34,153). Our inveslment manageT8 (Evelsm PaTtheTS) were paid fees of £7.049 (2024: £6,). This is deducted from the capital 45h that is beld on Radley TTUSt's bebalf. The TnLSt holds £177,588 in (zsh funds ciKnpared to £196.434 at the end of the previiKLS year. Charitsble expenditi]Te &nounted to £51,278 {2024.. £411631 GoverDance costs wue incurred of £840 {1Ddedentexti1njDcr fees) tll both yeaTS. At th¢ ¢Dd of the y¢&tbe trust bL4 iDve5tmEllt assets the EvElyD Part¢T5 A55et MaDagement fid of £721252 compad to £748,242 at the end of the previo8 year. There beell a reducti in inc4)rn¢ frollh th¢ illvestm¢Dt portfolio Teflecting the challenging global markets. This gives the Trnst a current totsl ¥8 of £899,030 against £943,866 at the eud of the previous yeaT. The value of the Trust hag fallen glightly over the 1&8t twelve thtb5. the cconolny is slowly recoveTiDg from global financial events and the ongoing c05t of living crisis.
RADLEY CHAIUTABLE TRUST PAGE 3 FINANCIAL sfATEMEWtS FOR THE YEAR ENDED 5TH APRIL 2025 TRUSIEES, REP04T Raview ofFm¥ntl&l Invdtwents Trustees receiveregubyreportsfromour fwxdmtrw Evelyn Trn$ttts SOrre1Ve1VIte the investsnentportfolio whith ct)niinves to meet RleY Tnth's ¢xa¢ting deJnAllds in temts ofouT ethi¢al irivestmeDt 5tratelly.'fTUStees aTe giaul eor Ihis and hop to eoBlfflue 10 bave the se EO(xl working Tel10n$IP we hav- ersjoy¢d in th¢ pa Evelyn Parffitrs will ¢ODtiDue w help Trustees in rn8iDtsillitiE 8 rolxLStrtsk strategy thai is ttviewed 4)n a r¢gu12r b)sis. R¢serves aud lllv¢5twf•r Poli£iE5 Th¢chwityexisrsto rtthe cItaritsbie8TaniD itsorwof im¢St$S outlu1pV1OU$Iy. It h&$ apolicy of maintsining Its eapfral ets to #enerate tnv¢$tsneni income to fund the 8ranL& A prow>rtion ofihue asse45 is held as a ¢h reserve on deposit In vaTiOUS ethltrdl bonk acco¥nls. Th¢ acDJal proportion is rEviewed peri(M]icalty tnyestrnent CLfftditions chan.Y. The obarity'8 policy 18 always tts Ma11 en(yJgh cash reseTres to hve been a0 by the Boardot Trustets 3nd to rneet all expected liabilits¢3 frx [tE3310nd1 fee5 andathninTstraiTve ¢xw 1kne iTkVtstrnent policy of the charitv is govemed by the Dtl of s¢ttleml whtch penryits fuads to be inv¢sted foTm of investrnent aOrISed by law foi the inve5thtent cf tnjst i)T ID thE d£beDtse or prefer¢n¢e Stocks or shares of Comp8Dy IncoTporatl in the UYLittd KiEEgdom oroD deposit bk. iTr5uraRce )MpanY orbuildiftg5wi¢ty. TTUSt (ke Trust¢¢s bad previously idètttified the need to opJ the Tnt5t Deed from the original one Of 1951. This was dTafted the cumpletcd followillg advi¢¢ frcm tlk. Clwity Cthnmission. It was fOall>, adopted on 27th November 2023. The new Deed c)f SettleTnemnow includ&5 d¢tyils of thea¢4i¥itiesof the TnJsta1 curretht b¢sipraGti¢e claus¢s th oisur¢ good manag#mt ofthc I'iust'5 as¥¢1S. Tru5tees' respowibiltties Thetruxtee5 art responsible fOrprcpaEithcTThlttss Reportandthe flltaDcial Tti accurdznc¢ with appliubl¢18w and UlliEed KingdoTn G¢nera]ty At¢ewed Practi 'rrusre¢s follow best pu(C within the lwaTK K¢¢p pToper ttceoLthtingTectr Mairytsin d¢cllrate knowledge of thc financial rM)s21iM of the charkty the y. nsure Ihat financi81 st8terné5 comply with the (rles Att. Select suithle accounttns pti]icie5 and &ppl> them mSEetty. Safeguard the &ssets of the djarity by tikinErea505kablc 5fEPS forthe Fr¢vottion and of frnud &nd other iFregul#Yiti¢s. ake JeMents atbj estimares that are reasonknle and FYutsnL Prare the f1tl¢la1 Ststerncllts on the ongoing ciwen) basis unJ¢3S IL is inappropriate to wesume th* the ¢harity will coniinue in OFth4iM. PrepatED of financial $lat¢r8¢wts- gOiDg Trusl¢e3 are LawaTe of their to evaluatc the tharity's firb8ncie] position and SLEStasnabi]ity. ThE tN5tees b&ve reasOnibkexpii(rn that the tharity h25 &(kquate re.r¢s 10 CQlltirTrueinoperntional existen¢e foT the foreseeable firtllre &Jd. rher¢fora continuc toadopt thGgoin8 ¢¢¢r basis in Prepriti th&8e fJro1¢i&l wtemcnts. This report w45 approved by Trll5tees OD: oft their behalf by Marisa Johmson Clerk to thtTru8teÈ¥
RADLEY CHARITABLE TRUST PAGE 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 tNDEPENDENT EXAMINER'S REPORT TO THE ]RUSTEES OF BADLEY CHARITABLE TRUST I rewt on the acc(mts for the year ended 5th Aprll 2025 set out on pages 5 to 8. RESPECTtVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER The charlS trUeeS ore ynsible for the PTepaTation of the aullts. Tbe tharitys trust¢¢S CQD5ider that an audit is not required for this year (uuder S¢¢tion 144(2) of th¢ ChitieS Act 2011 (the 2011 Act)) and that an indep¢ndeDt examination is require It is my responsiThility to.. xallime tbe accounts un<kr S¢rtion 145 of th¢ 2011 A to fol]ow the proeedures laid doTr in the General DirecÉioDS given by the Cknity Co]nwiSsio [atr Section 145{5)(b) of the 2011 Act)" and to state whether particu matteTh have come to my attellti. BASIS OF THE INDEPENDENT ExAMRE REPORT My examination wa5 caTried out iu withth¢ 0C[al DirECtiOnS 8iven by the Charity Comjnission. AD examination includes a TeviEW of the accounting records kept bythe charity aud a cornpaTiSon of the accounts presented with those records. It a150 ill¢lude5 considerarion of any unusual i*ms disclosures in the accounts and 5¢ekiDg explanatioJJs fr YOU &$ trusiees con¢erninB such rnatter5. Thc prOCcth undertaken do not provide all the evidence thllt would be Kequir¢d in an audit and eonsequentidty no opinion is gtven to whether the counts pr¢t a'true aud fair view, and the Teport is limit¢d to those uwtt¢T5 5¢t out in the 5tstem¢llts IKIOW. INDEPENDEwf EXAMNER'S sTATET In connection with my examinatio no matter has corne to rny altiOn. whith givcs me reasonable Cau to believe thaL in any Tnat¢rial &spe¢L the requir¢m¢nts - to ke¢p 0tillg recor(L8 ID accordance with Section 130 ofthe 2011 Act . to prepare accounts COrd with the a¢¢ounting re&)rd8 and compty with the accounting requirernents of the 2011 A¢i have not beenmet,. or 2. to Iwhich in my Op]nn, attenti¢)D 51M)uld be drnwn in Order to ¢Dable a prijper ujhderstanding of the accounts to be reached. I have no Conc]5 and bav¢ com¢ arros5 no other matters in connection th the examinatsojj to whicjj attelltioD sbould be drawn ill this r¢p)rt in order to enable a proper widerstaDding of the accormts to reacbed. IAN SHIPLEY FCCA FOR AND ON BEHALF OF.. PRENTIS & CO LLP CHARTERED ACCOUNTANTS 115¢ Milton Road Cambridge CB4 IXE -)
RADLEY CHARITABLE TRUST PAGE 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 STATEMENT OF FINANCIAL AcrIvrnES RESTATED 2024 Note 2025 ITrICOMING RESOURCES Incomin¥ resourcu fromj g¢trat¢d Invesknent income voltary income: donations Total rEwurccs 33.953 7.500 34,153 20,177 41,453 54,330 RESOURCES EXPENDED Cost of gemerating fullds Investm¢nt management costs Charitable aaivities Governance Costs 7.049 51.278 fj,907 42,163 840 Totsl resources expended 59,167 49.910 riet (upe#dfitllreyiMcom¢ Te¢th¢d before galng #Md 105ses investments (17,714) 4,420 Net loss on itiv¢5kn¢llts (27,122) {44.836) (23.181) (1&761) N¢t movement in funds RECONCILIATION OF FUNDS Total Funds brOEbt forward Totsl Funds carried forwmrd 943.866 962.627 899,030 943,866 The Statement of Finaniia] Activitic5 includes gws and losses T¢cogniscd io the year. All income 8md expenditure derive from conlilluing activities. The note5 pages 7 to 8 (rn part of these fi181 statements
RADLF.Y CHARITABLETRUST PAGE 6 FINANCIALSTATEMEThTS FOR THE YEAR ENDED yfH APL 2025 BALANCE SHEEr Notes 2024 FIXED ASSETS lThvesÉments T12252 748,242 CiIRRENT ATs 177.588 196.434 CURRENT LIABILITIES CrrJitors'. AtN)unts f]Ing due within one year {810) 1810) NETCURRV.NT Assrrs 170,778 195,624 TOTAL NET ASSKTS 899,030 THW. FUNDS OF THE CHARITY UDre5tri¢ted fund come aftd set)¢ral fithd TQT AL CHARITY FUT4DS 94i.866 These fin¢[sI st&teTllcnL5 W¢Te appro% bythe Bd 0fTn55 on their behwlf by: nd ¥Trtre $i¢d on JOHNS CI.ERKICHAIR bukes on FAges 7 ro 8 form Partof financi
RADLEY CHARITABLE TRUST PAGE 7 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 NOTES TO THE FINANCIAL STATEIIEFtrs ACCOUNT]NG POLICIES BASIS OF PREPARATION The ac¢oullts (financial staternfts) have been prepared undeT the historical cost convention itS r¢¢wis¢d al cost or transaction yah unlw herWise stated ill tbc Televantllotes to these accounts. The financial st4twnellts have been pTepared in accordance with the StatemeDt of Recornrnended Pr4¢tice: Accounting 8nd Reporting by Charities preparing their accounts itL aCcord2te witb the Financial Reporting Standard app]icable in the UK and Republic of Ir¢laTKI (FRS 102) (effertive 1st January 2019) and the Financial Reporting Sland&rd applicable in the UDlted Kingdom and Republic of bYlaDd (FRS 102) and the CltieS Act 2011. Th¢ ¢haTity wnstitutes a wblic benefft entity as defiDed by FILS 102. Th¢ pr¢s6ntational currency of the foJ8nciai 5tstements is the Pound Sterling (£). INCOMING RESOURCES All incoming Tesources are included in the statement of finaTKial 1VItieS wh¢n the tharity is legally entitled to the income and the amount ean be quantified with reasonftble 2cLxJrney. RBSOURCBS EXPENDED . Expenditure is accounted foron aD accruals basis aud has been c]&ssifjed undeT headings that aggregatc dl co related io tbe category. Where costs cannor be dirttdy attributed to particular headings they have been allocated to activities on a basis consistent with of r&8ource5. TAXATION The chlty is exempt from on its charitable aclivitie& FIXED ASSET INVESTMENTS Investlnents a form of b&sic financial instrument and are inittalty recognised at their transaction va]ue md subsequently rneasurcd at their fair valuc at the ba]ance STrdate using the c105ing quoted mrtet price. The SOFA includes the net gaills and I0e5 arising on the reva]uation and disposals througbo the year. The Trust does not 8cquiYe put options, derivatives OT other complex financi in5trurn¢nts. Th¢ rnain fornj of fll)an¢ial risk is faced by the C}rIty is that of volatility in the equity markets and investsnent n]arkets due to wider economic conditions. the attitud¢ of illvestors to illve5tsnellt risk, a1 chaDg¢5 in sentiment concenjing equitie5 and withiu particular sector5 or sub 5CCtI)rs. CREDrroRS Creditors and provision5 PT¢ recognisal wln the charity h&s a present obligation Tesulting from a p&st event that will probabty resuh in the transfer of fimds to a thrd paty and the amount due to settle the obligation can be measured or e5tirnated reliably. Creditors and provisioTJS #Te nomwlly r¢wgnised #t th¢ir net settlement value. FUND ACCOtrNTING All funds are UDre5trid¢d b¢ used iti accordallce with the cljarithble objectives at the discretion of the Injstees. INVESTMENT JNCOME RESTATED 2024 2025 Income from invcsttt*nt portfolios BAnk and other interest 29,227 4,726 30210 3,943 34.153 33,953
RADLEY CHARITABLE TRUST PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025 NOTES TO THE FfNANCIAL STATEMENTS RESOURCES EXPENDED 2025 2024 Investment m%nagemeJJt costs Portfolio rnaDagement fees 7,049 6.907 7,049 6,907 2025 2024 Cbarltsbk 4¢tfvltles Cltable aid and wsistallc¢ 51278 42,163 51278 42.163 2025 2024 Governance costs 840 A]1 re50uwe$ expended in the yeats ended 5th April 2025 and 2024 w¢r¢ from unr¢5trICt fundy. TRUSTEES, REMUNBRATION AND BENETrITS Thrir wEre no tswtees, rununu*ion or other bellefjts ot expejjses fwthe year ended 5th April 2015 nor for the year nded 5th April 2Q24. RESTATED 2024 2025 Movement in fixed asset iNvestments Mark¢l vu¢ brought fon¥ard at 6th April 2024 Net additions tol(distK)sals from) Gain/(tx)ss) on iDve5trient MaTk¢t value curried forward at 5th April 2(Y25 748,242 1.132 (27.122) 722,252 773.742 (2,319) (23,181) 748242 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 A¢ffl1 illdepcndrnt ¢xaminEls fEe 810 810 810 810