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 TOn￿illS 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 BTr￿e1 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 KeI￿leY 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 Tr￿91 (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 d￿￿llent 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 ch￿lty ¥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 Tn￿teeS 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 dis￿Vantages. The Trnstees continue to SUp￿rt the nature of the Trnst's grnnt rnaktng of thrcc-yczr rolling prOgr4D￿t￿ 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 'fl￿t 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 2￿24r2025 the Radjey Th￿t bas wotked with thirteen (*arities in ptherships. Our PaTthersbip with C*mbridge Doo]a5 ended ¢]urtug the finaucia] year. Three new pa￿￿￿￿]pS have been established during the year.. Th¢ Dorothy Cornmunity is a project Si]ppo￿8 undocume4Jted people ID the NetherlaDds, Quaker Social Aetion Cook UP workshop5 for hO￿e1C3S people iti Lolldon to learn c(K)king skill& aDd StAlld AgaiDsÉ VloleDce a project aiming to reduce bullying and violence through sch￿] WOTk5bop5. D￿Ing 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 fr￿l¢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 Oc￿lOnS this ye8rwherttlLe fimd I￿At0 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 vol￿t￿r trustees. In light of The Ann Docwrn's developing WOTk in the arK tsu%tees twk the difficultde¢i8irn to ¢los¢the Rapid Response fu￿dIng 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 dis￿1)Ute this in the forn) of Rapid Response style granis lo those who do not meet the criteria of JobD HuntingdoD'S C￿￿1￿ then￿1Ves. 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 tr￿ste¢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(atemE￿I5. 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 {1Dde￿dentexti1njDcr fees) tll both yeaTS. At th¢ ¢Dd of the y¢&tbe trust bL4 iDve5tmEllt assets the EvElyD Part￿¢T5 A55et MaDagement fi￿d of £721252 compa￿d to £748,242 at the end of the previo￿8 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 th￿tb5. 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$ttts ￿SOrr￿e1Ve￿1VIte￿ the investsnentportfolio whith ct)niinves to meet R￿leY Tnth's ¢xa¢ting deJnAllds in temts ofouT ethi¢al irivestmeDt 5tratelly.'fTUStees aTe gia**ul eor Ihis and hop* to eoBlfflue 10 bave the s￿e EO(xl working Tel￿10n$￿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 cItaritsbie8Tan￿iD itsorwof im￿¢St$S outlu￿1p￿V1OU$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 Ma1￿1￿ en(yJgh cash reseTres to h*ve been a￿0 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 Dt*l of s¢ttlem￿l whtch penryits fuads to be inv¢sted foTm of investrnent a￿￿OrISed by law foi the inve5thtent cf tnjst i)T ID thE d£beDts￿e or prefer¢n¢e Stocks or shares of Comp8Dy IncoTporat*l in the UYLittd KiEEgdom oroD deposit b￿k. 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 fO￿all>, 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#m￿t ofthc I'iust'5 as¥¢1S. Tru5tees' respowibiltties Thetruxtee5 art responsible fOrprcpaEi￿thcTThlttss Reportandthe flltaDcial Tti accurdznc¢ with appliubl¢18w and UlliEed KingdoTn G¢nera]ty At¢ewed Practi 'rrusre¢s follow best p￿u(C within the l*waTK 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 (￿r￿les Att. Select suithle accounttns pti]icie5 and &ppl> them m￿SEe￿tty. Safeguard the &ssets of the djarity by tikinErea505kablc 5fEPS forthe Fr¢vottion and of frnud &nd other iFregul#Yiti¢s. ake J￿￿eMents atbj estimares that are reasonknle and FYutsnL Pr￿are the f1t￿l¢la1 Ststerncllts on the ongoing ciwen) basis unJ¢3S IL is inappropriate to wesume th* the ¢harity will coniinue in OFth4iM. Prepa￿tED￿ 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 reasOnibkexp￿i￿i(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(m￿ts for the year ended 5th Aprll 2025 set out on pages 5 to 8. RESPECTtVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER The charl￿S trU￿eeS ore ynsible for the PTepaTation of the a￿ullts. Tbe tharitys trust¢¢S CQD5ider that an audit is not required for this year (uuder S¢¢tion 144(2) of th¢ Ch￿itieS Act 2011 (the 2011 Act)) and that an indep¢ndeDt examination is require It is my responsiThility to.. xallime tbe accounts un