AMBROSE AND ANN APPELBE TRUST
TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 202S
REGISTERED CHARITY No. 208658
Broadfield
Registered Olfi¢e
4 GrtysventySqu¥e
sthth4mpl(￿.
)15 28E
DX 38516 gyJihanWw 3
Lon&)n
EC1A 78L
OX 339401 Wal
34 street
CBI 2JD
R*&1iNJ. RG1 2LU
DX 339601 CwrknK)Je 24 OX 146420 R￿thr￿j11
+41 101345 2229222

AMBROSE AND ANN APPELBE TRUST
CONTENTS
Page
Trustees, Report
Independent Exam•ier's ReF
sktement of Financi81 Athities
Balance Sheet
Notes to the Finanaal Statements

AMBROSE AND ANN APPELBE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees are ple8sed lo present Ihev annual Trustees, ReExirt logets wth the finanryal statements of the
Charity for the year ended 5 April 2025.
REFERENCE AND ADAIINISTRATIVE DETAILS
Full nama".
Ambrose and Ann Appelbe Trust
Registered Charity number.. 208658
Principal addfèSS'.
One BartholomeAf Close
London
ECIA 7BL
Trustees..
Mi F Appelbe
Mrs V Thc4nas
Dr L Hobby
Mr A Appelbe
Mr W Thofflas
Independent Examiw..
Mrs Julia S1n"ke TEP
One Barthdomew Close
Lon(h)n
EC1A 78L
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlkd by its goveminy docxjmenl. a de&J of twsl dated 25 DeC￿ber 1944, and consb"lules an
unincorporated charity.
Appointment of Trustees and Tntstoe induction alld trdining
Trustees are appoinled by deed. New trustees are ￿lefed on thar legal oMgalK)ns undei thairty law. the Charity
Comrnission guKlan¢e CM) public benefrt. Inf￿rned of the ￿tent5 (rf Ihe deed. decisK)n-makn'ng prO￿$se$ and
recent financHI perforniance of the tharity. Befwe taking on the ro￿ they meel key adw.$￿5 and other ttustees.
Trustees are encouraged to attend ap￿￿late exlemal trainiThJ events w￿e these larylilate Ihe undertaking
of their r￿e.
Risk P•lanagèm•nt
The Trusteès recognise Ihal they have a duty to Klenbfy and review risks lo which the Charity is exposed and to
ensure appropriate controls are in pLace to promde reasonable assurance agansl fraud and etror. The Trustees
have considered the main areas ol risk and are of the 0[An￿n that the Charity h85 the re$￿IrceS thal. under
rmal corKlrtions w￿uld allow these ii5ks lo be Mrt￿ja1ed lo an acceptai￿e ￿Ve1 in its day-t￿aY operations.
OBJECTIVES AND ACTMTIES
The Charity was ¢reatsd by deed of trust dated 25 Decembw 1944 and exists to benefrt such legalty charitable
objects as the Trustèes at Iheir disuetion seletl.
The Trustees consider appli(alK>ns for grants at meetings and generalty thr￿gI￿}ut Ihe year.
PwJe 1

AMBROSE AND ANN APPELBE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2025 IconL}
Public Benefit ststement
The Trustees have referred to the guidance contair￿d in the Charity ComrnssioD's ger*ral guidan￿ on public
benefit when rewewn9 the Trusys aims aThJ objectives and in pknning future acbwties and decKling on the grants
for the year. The Charitys objects are for the publi¢ benefit. Those oty.eds are achieved by wrtue ol ihe grants
made by the Trustee5 to Chartties in England Wales and to mdividuals toassi4t with their education.
ACHIP¥EMENTS AND PERFORMANCE
The Trustees mel and discussed grants on WdriOUS ￿(asiOnS and to cry)sM1er the Charty5 activities and
achievements in the year. Charita￿e d￿all￿n$ were agreed arKI 29 were made dullng Ihe year12024.. 191 a5
shown in note 2 to these acLy)unts.
The trust funds were held in investments and ￿$h. Ir￿me for Ihe year B) Ihe form of dimdends and iiteresl
arnounted to £72,10412024". £75.759}
The market value ol the investments at the date ofthe Balar￿ Sheet was £1,453.14512024.' £1,391,820).
The Trustees keep the assets under constant review and are aware of the rx)nts"nuu¥J eo)nomic unortainty and
¢urrent issues in global politics that (x)ukl affect values and the income arising frorn the investments. The
Trustees hold these investsnents f￿ the k¥)g lerm conb.nue to review perfomwce Ihk8 in mind.
FINANCIAL REVIEW
Charitable Expendithre
The 2025 grants lotalle(1 £51.70012024'. £39,1CQ).
Other Expenditure
Expendrture relating to the managemeni, administration and govemance of Charly amounted lo £4.612
(2024.. £5,494), ￿s5 than 1°k of the Wdlue of the Chanty at S Apiil 2025.
Investment Policy at)d Perfomiance
The Trustees have an investmenl p(NtfolK) wth M&G comprising shares in Sterfing Charifijnd with units hekg
In both treir In¢ome and Ac￿mUla￿)n fuThls. The inveslmellt in these fvnds offers Ihe ttustees the r@ht rnix of
caF4tal growth and incorne to meet their policy and is adNety managed by M&G dired. The Trustees monitor the
performarKe at their meetings and when the quarterly reports are receNed.
The Trustees wère pkased to receive a d[￿atr)n of £75.CrfM from va￿ntir￿ Tts*na5 (irK4￿1Th9 Gift Aid) {2024..
£92,500) in year, vthith has been invested inlo the M & G Income Unrt5.
After acLounting for the donat￿￿ i) the year, the investment porlfoh'o shrywed a de(xease ￿ markel value over the
period, wilh unrealised losses 01 £16,66312024". £8,172).
There We￿ no reali5ed gatns or losses12024". none).
Rèserves Poli¢y and going concern
The Trustees onty use income arising during eath year for grants and th) nol spend fnore than treir annual
income ea¢h year. It is Th)t envisaged that ihere ￿￿11 be firture oynrnrtrneNs that exceed future income on a
annual basis therefore the trustees are happy the current reswve thl. The InJs¢ees a￿ of the wew that the
Trust is a going Con￿￿.
Examptions from Disclosure
Thère are no exempb'ons from disdosure.
Page 2

AMBROSE AND ANN APPELBE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED S APRIL 2025 (cont)
The law applicable lo charitss in ErKJLgncl & Waks wvire5 the Tru5tee5 to prepare finw¢ial stat8rnents for èatr
finanaal year whth give a true and fair vw of Chanvs finanoal actimtes during the year and of Its financial
poSit￿n at the erKI of the year. In preparing financial statetnents giwrKJ a thje and fair VEV4, the Trustees should
follow best practs'ce and.
seleca Sultsb￿ accounting r￿lIc￿e5 at¥J then apply them o)nsistenty.
make ju(*J8fflents aad 8sb"matès that are and pn*lenl.
stale whether applicab￿ accounbng standards and ststernents of fecommeTThJed practs.ce have been
followed. subject to any departures dL8dosed and in the fin￿￿al statements and.
preparè thè financial statements on the gryThJ U)r￿￿M bas￿ unl8ss rt is inaroropriate to presurne that the
Charity will conb.nue in operabon.
The Trustees a￿ ￿pOns1t)le for kewng ￿untir￿) recL¥ds ¢Yw105e v￿th reasonab￿ accuracy the
financial posits.￿ of the Charty and which enab￿ ihw to er6￿￿ that the finanual 5taletnents comply wth
applicabk law and reguLqtons. They are also re¥￿As1O￿ for safeguarding assets of the Charty an¢J hence for
taking reasonab￿ steps for the prevention ar¥J detecth)n of fra(kY an¢J otsIrr￿ulSrrt￿s
Signed on behalf of th• trust•es:
Dats.. 13 .g .z025 .
Page 3

AMBROSE AND ANN APPELBE TRUST
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES IN RESPECT OF THE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
I report to the Trustees on my examinatK>n of the accounts of Ihe Ambrose and Ann Applebe Trusl for the year
ended 5 April 2025 wh1th are set on pages 5 to 9_
Responsibiliiies and basis of report
As the charity trustees of the Trust you are responsible for the prepawab'th) of Ihe acrnurts in accordan(* ￿th the
requiretnents ol the Charities Act 2011 I'the Acl).
I report in respect of my examinatK)n ol the Trusfs accounts caffled out under sectiin 145 of the 2011 Act and in
carrying out my examination I have tAliK¥ed all the apph"Cab￿ Directions gi¥En iry the Charty Commission under
section 14515) (bl of the Act.
Ind8pendent examiners ststement
In wnnection vthh my examinath)n, ￿ matter has (xbme to my attenb"on'.
a¢xounling re￿)rdS were not kept in respect of the Tnjst as fequired by sectK)n 130 01 the Act,. or
2. the accounts do not accord with those re¢wd$." or
3. the accounts do not C￿n[l￿ wrth the appIThb￿ reqU1￿MentS concetning fortn and content ol the
accounts set out in ihe CharitE5 {A￿O￿nts and Rew)rtsl Regulath)ns 2(N)8 other than any
requirement that a(￿OUnt5 give a 'true atvj fairf is mt a matteF considered as part of
an independent examinatw)n.
I have no concem5 and have come a¢yoss no olher matters in Conn￿tK)n wlh examinatw)n lo which attention
should be dtswn in this report in order to enaue a proper understanding ol the accounls lo be reaL*&.
Mrs Julia Strike TEP
One Bartholomew C105e
London
ECIA 7BL
Dale ai
2f
Page 4

AMBROSE AND ANN APPELBE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2025
Un￿stricted
Fund
2025
Total
2024
INCOME & EXPENDITURE
Income and endowments from:
Investments
72.104.45
75.759
Donation5 and other sums re¢eNed
75,003.75
92,500
Total income and endowments
147,108.20
168,259
Expenditu￿ on:
Charitable expènditure
Giants
Support costs
51,700.00
4.612.14
39.1(M)
5,494
Total expenditure
56,312.14
44,594
NET INCOMEIIEXPENDITUREI
90,796.06
123,665
Nel {lossesl on invèstments
116.662.SSI
{8.1721
N•t incomellexpenditUTel
74,133.51
115,493
Reconciliation of funds
Fund balances brought lorw8rd
1A21,847.37
1.3(K,354
Total funds carried forward at 5 April 2025
1A95,980.88
1.421,847
Page 5

AMBROSE AND ANN APPELBE TRUST
BALANCE SHEET AS AT 5 APRIL 2025
2025
2024
Fixed As¥ets
Investments
1,453,145.07
1.391,820
Current As¥8ts
Cash
Debtor- HMRC
32.835.06
15.IJOO.75
30,981
47,835.81
30.981
Less: Current Liabilities
Amounts falling due within one year
Broadfield Law LLP fee
Grants payab
954
5.000.IXI
Net Cul￿nt Assets
42.83&81
30,027
Net Assets
1.495.980.88
1.421,847
Fund¥
Unre5trictad funds
1.495.980.88
1.405.1(
The financial ststements We￿ apryoved by the Trustees and S¥Jn￿l tFEir i*h8Wby'
Mrs V Thomas
Trustee
Date
1£,8.2Q)2{,
Page 6

AMBROSE AND ANN APPELBE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
1. Accounting Policies
Basis of accouni
The financial statements have been prepared Und￿ the histori(xl cost convenbw. the ex￿p￿.on that
investments a￿ shown at market value as al the balance sheet date and a￿ in accordan￿ ￿th the
Statement of Recommended Practice.. A¢xountng and Repotbng by CharitEs preparing their accounts in
accordance wth the Financk41 Reportjng Standar¢J applKable in the UK and Re￿bI￿ ol Ireland IFRS 1021
leflective, 1 January 2015} and the Charit￿5 Act 2011. The charity cmslrtules a pU1J￿ benefit Èntity as
defined by FRS 102. Havng 8ssessed the Charrtls finanoal ￿)￿l￿)n and plans fv the forseeable fulure. Ihe
TIu5tees are satislth that it femains approwiate lo prepare the finan(xl slatements on a going concern
basis. Where ne￿SSary estimates and judgements arè based on historical eyperEnfje arxl olher factors.
Ex
enditure
A1iability and rdated expendrture is r8u)gnised when Ihere 15 a kgal or ¢))n$trucb"vè 0￿19at￿ at Ihe balance
sheet d*e as a ￿S￿r( ol a past event, thal is h'kety to be sett￿d and thalrt ￿ be measured reliabty.
Furyds
The Unrestricted Fund comprises I1￿e fu￿15 whKh Ihe Ttustees are free lo use in a￿ordanI￿ wth the
charitable objects.
Charitable Grants
Grants are recognised when the Trust8es have made a deasion to make a paytnellt and that decision had
been communicated lo the rÉCip￿1 and it is prObaL￿e that payment will lake ￿a￿. However, the recognibon
of any liability wil be dependenl on any Co￿1rtionS attathing tts the commrfment.
Investments
Investments are stated al markel value as al 5 Aw"12025. Investrnent gai)s and b)sses are disclosed in the
Inveslment Income
Investmenl income and tax I￿Verab￿ are acxounled for ￿ a re(£Nab* ba&s.
2. Donations and other sums receÉv
2025
2024
DonatK*ns {inclUd￿g Grft AKII
7S,003.7S
75,759
3. Charitsble Expenditure
2025
2024
Grants made during the year lotalled-.
51,7rM).00
39,100
Support costs
Melro bank charge
Legal & profess￿￿81
VAT Inon recoverabkl
0.12
3,835.00
777.02
4.612.14
10
4.570
914
5,494
56.312.14
44,5g4
Page 7

AMBROSE AND ANN APPELBE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025 IconLI
4. Inve$tments
Movements on quoted invéslments wère as fdl¢x¥s".
2025
2024
Market value brought lorward
Add.. acquisilk)ns al cost
Nel {10ssI on revaluation
1.391.820.51
77.987.11
116,662.551
1,3C6.859
93.133
18, 172)
Market value * year end
1,453,145.07
1.391,820
Historie Cost value at year end
1.179,553
1,101,566
All investrnents are situated in the UK and listed on a re(x)gnrsed st(xk exchange
Investments which represent 5% or more of ihe totaj portr0￿0 are Consid￿ed by the Trustees lo ￿ material
and are".
2025
2024
M & G Charifund- IrKome Unrts
M & G Charifvnd- Ao)Jm Units
6120%
38.8
61.070
38.93°
5. Investment income
2025
2024
Income from UK investments
72.104.45
75,759
6. Movarnont in Funds
2025
2024
Unrestricied Funds
General fvnd
Fund waluè t*oughl forward
Add
Net movemenl in fuThJs
1,421,847.37
1,3C6,354
74,133.51
115.493
Fund vakne at year end
1,495,980.88
1,421,847
Net movement in ￿rKIS {abovel. arises as follows".
2025
2024
Unrestricted Funds
General lund
Incotne
Gains and bsses
147.108.20
116.662.551
168.259
18.1721
130,445.65
160,087
Less.. Expenditure
56.312.14
44,594
74,133.51
115.493
Page 8

AMBROSE AND ANN APPELBE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025 {conL
7. DiscI￿ur• of Trustees. Remuneration and Expènsès
None of the Trustees have been paid any remuneratx)n or recewed any olher benefits trotn an employment wrth
their charity or a related enbty, no trustee expenses have been inwtred nor have there been any reL31Èd party
transactions n the reporting period thal require disdosure. 12024 also £0 in all cases). Independent
examination l&s are charged they are part of Broadfiekl ￿ VK LLP'S gweral expenses. The functions
are tarried out separately within Btoadfiled Law UK LLP.
8. Employees
The Trust does not have any e￿￿￿yeeS {2024.' none).
Page 9