Charity number: 211029
FREDERICK ANDREW TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

FREDERICK ANDREW TRUST
CONTENTS
Page
Refarenco and admlnistratlve detslls of the Inrt its Trusteès and advisors
Trustees. rgport
Independent examinevs report
Statement of financial a¢tlvittes
Balance Sheet
Notes to the financial statements
9-18

FREDERICK ANDREW TRUST
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE TRUST. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Tntstees
P Denby
W Gelder
C HeppEnstall {resigned 26 September 20231
R Lamb, Chair
J Spen￿r
A Strawson
C Vrtoria
Charity Registered
Number
211029
Principal 0ffi¢g
cjo Mrs Karen Armrta3e
PO Box 1291
Lincoln
LN5 5RA
A¢¢ountants
Streets Chartered Accountants
Lucy To•ver Street
ncoln
LN1 1￿¥v
Banker8
Nat￿￿81 Weskninster Bank
225 H￿b Street
Lincoln
LN2 1AZ
Sollclto
Chattertons
St Swithin's Court
1 Flavran Road
Nettleham Ro&1
Lincnln
LN2 4GR
Investment Advisor5
RBS Brewtn Ct)Iphin
ol￿pIC House
D(mYdIng￿ Road
Lincoln
LN6 3SE
Page 1

FREDERICK ANDREW TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The truste8s present their annual report together with the financial statements for the year from 1 January 2023
to 31 D￿rnber 2023. The trustees confim7 that the Annual RerK)rt and financtal statements of the company
comply with the cuffent statsjtory requirements. the requirements of the companys goveming document and the
provisions of the Statement of Retx)mmended pract￿ ISORP}. appI￿able lo charities preparing their accounts
in aco)rdance with the Financial RewrbrKJ Standard app1K￿re in the UK and Republie of Ireland IFRS 102).
Structhre. Govgrnanco and Management
Constitution
The trust is an unincorporated trxty. orvJinalty established on 12 February 1922 and endowed under the will of
the late Mr Freder￿k Andrew, a well known SO1￿110[ in Lincoln who died in 1916. Onginally the trust maintsined
a convale￿nt h(￿e to provide conVa&sCen￿ after illness Yor gentlewomen hOn&￿Y striving to eam their own
living..
The Iwst [5 now adMIn￿tered under a Charity C¢Jnmi&S￿nerS. Stheme dated 29 June 1970 and amended 2
January 1976. The trust makes grants lo indivKliJals to enab￿ them to benefit from convalescence and Health
and Care Professions Couneil therapEs, and to institutions prov￿Ing appropriate facilities for convalescence.
The scheme appl* solely to women and nthv applies lo those who are rets.red as well as those eaming their
own INing. It ss administered withoErt regard to r￿. creed or the w[it1￿1 viv•ts of the beneficiaries.
The trustees who served during the year are given on the Referen￿ and AdminFstrative Details on page 1.
Policies
ed for the Ind cb.on an
Trainin
(rf Trustees
The trust is administered by a body of trustees. wh￿h when complete consists of seven competent persons.
Each trustee is apKKJinled for a term of fve years by a resolution of the trustees passed al a special meeting of
which not less than 21 days notice has been given and may be so appoinled nol more than one month before
the terni of the existing tTUStee expires. Upon the occurrence of a WdcanGy the tnjstees shall cau* a note
thereof to ￿ entered in their minute book at their next meetsng. Any competent ttustee may be reappointed.
New twslees are sought from suttable volunteers hokling the skills most required by the board at that time. On
appointrment new trustees sign a declarat￿ll of a(￿eptan￿ and of willingness lo act in the trusts of the scheme
and are appropriately Inducted and train￿j. being briefed on the history of the trust, the operation of the grant
applicat￿ W¢￿Edure and aFe given a copy of the Chanty Commiss#)n Guidanc*" The Essential Trustee." What
you need to know, What you need to (*tr".
anisational Structure Decision Makin
The trustees meet at least t￿"ce a year to agr￿ the broad strategy and areas of acb.vtty of the ttust. including
consideration of grant m*ing. investment polry, reserves. risk management pol￿¢e$ and promob.on of the
trust The day to day alministsation of the trust is de*ated to the cjertt to the trnslees. All applicat￿nS for
grants are initially receivaj by the derk. These are then passed to appointed trustees for consideration al
periodic intervals throughout the year. All other matters are detemiined by the majority of votes of the trustees
present and voling on the question. The trustees have full tM)wer from time to time to make regulations for the
management of the charity and for the conduct of their business induding the summoning of meetings, the
appointrnent of a derk. the depo&t of at a yoper bank. and the custody of dctuments.
The trustees are considered to be the key rrranagement personnel. Ixrt are not remunerated.
ement
The trustees have considered the major risks lo whth the trust is exposed and have reviewed those risks and
are satisfied that systems are in pla￿ to manage those risks. In pathcular the trustees continue to monitor the
perfomiance of investrnents to ensure sufficient inc￿* is genera￿￿ to sUpF￿1 the level of grants being made.
Page 2

FREDERICK ANDREW TRUST
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Obj8cttves and Actiyitios
Policies and Ob'ectives
In setting obJ'ecb"ves and pLgnning for activibes. the trustees have gNen due consideration to general guidan
published by the Charity Commission relating to publ￿ benefit
The charitable obJ"eL* of the trust is detsiled with the Charity cC￿MiSsion as".
"assisting the restoration to health of such benefficiaries by the chanty as the govemors may select erther by
making grants to defray the expense of recuperatNe h￿￿ or other convalescent treatM￿t or by making
(k)nats"ons or pawng subscriptions in aNJ of the funds of any convalescent home or other institution or
organisalion at or from which the beneficbaries of the charty may rece¢ve care and relief. Any income not
required for application in the above manner may be aFplied for retired women who are in need of
Convalescen￿ and financial assistsnce who were otherwse fomierty qualtfied as benefiuaries of the charty."
Activities for Achievin
The trust's main &ttvity is to award grants lo women for conrdlescw. t￿e help or Health and Care
Prof&ssions Council registered therapies foll(Y4ving illness or injury.
The trustees aim to disthbute the income by the Injst in the most apwwriate way to best fijlfil the key
needs of ts eligible applI￿nts and within the temis of lis charrtable scheme. The trustees continue to devote
me and resou￿$ to advethsing and promoting the trust and continue to u)nsult wrth fftssional advisors to
assist wth this funckn"on. Their aim is to receive SLrfficient grant applications to enable income generated during
the year to be applied for ts charitable purpose.
InfornialK)n on Fundraisin
Prackn
The trust is funded thriHJgh investrnent i￿ome from its investrnent portfolios wvj cash reserves. It therefore
does not actNety fundraise.
Achievements and Perforn￿nce
Revw ofActivities
Total investment income has increased from the previous year being £78,127 {2022 - £74,254). Grant
expendtture for the year is £64,517 {2022 - £69.3251.
During the year. 143 grants12022 - 127 grants) were ￿arded by the trustees with the increase in the number of
grants being due to the increased mafkeb.ng ￿￿"vIty i￿￿￿dIng embwing online. The grant makn'ng process has
remained the same during this per￿.
Overall. the net movement on funts Ind￿lIng movements on investrnents for the year was a surplus of £786
(2022 - deficit of £264.018) mainly the result of the change in mathet value of the investment rKJrtfolios held.
Financlal Review
Investrnenl Review
Overall. the market value of the trusvs investment porttolh)s has de(Te￿ by £3.425 from £2,071.659 10
£2,068.234. In line with the Chariknes Act 2011, the investments a￿ shown al market value. The managernent of
the investment portfdio is undertaken by RBS Brewn Dolphin. The perfom)ance of investsnents is conlinijousSy
under review by the trustees. RBS Brewin Dolphin are represented at one trustee meeting each year.
Page 3

FREDERICK ANDREW TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2023
Reserves Poli
The revel of unrestr￿ted reserves hekl by the trust i8 sufftient to ensure the trust's ability to conts.nue for the
foreseeable future. in provKling ffijnds to respond lo ap￿l￿tiOnS for grants and cover support and governan
costs.
The tnjslees remain mindtul of flu(aatK)ns in investment values and the likety income. The tnjstees conssder that
the twst will have sufficient reserves to meet the demand for grants. in par[￿ular as many recipients may have
to delay taking their grant due tr) the ongoing pandemic, in tum delayÉng the trme taken before the twsl needs lo
release the cash.
Goin
Conce
After rnakn.ng apwrcpfiate enquiries, the trustees have a reason*le exp￿atIon that the tnjsl has adequate
resour￿ to contsnue in operat￿TraI existen￿ for the foreseeable future. For this reason they continue to adopt
the going con￿rn basis in Pfeparing the financial ststements.
Plans for FuturE Periods
Future Develo
men15
The trust￿ will continue to build on its marketing strategy to p￿mote tr* profile of the trust and continue to
piovide grants to women lo enable rest and recupefation by eith￿ a short break away, the temporary piovision
of domesb'c help or lo receive Health aNJ Care Professions Counctl therap￿s. The tFLSStses are Icxjking into
creating an online application lonn to hdp streamline the application prccess.
The trustee5 are commit￿1 to their continued financial support ofthe Pink Ribbon Programme.
TRUSTEES. RESPONSIBILITIES STATEMENT
The trustees are responsible for preparing the Twstees. repxl and the financial ststemenls in accordance with
applicable law and United King(S)m Accounting Standards (Uniled lQng(h)m Generally Accepted Accountsng
Practtcel.
The law applicab￿ to chartties in EngLand & wa￿ wuires the trustees to wepare financial ststemenls for
each finan￿al year whth give a true and faif view of the state of affairs of the trust and of the incoming
reSoU￿S and appIl￿tion of resources of the trust for that penod. In preparirg these financsal statements, the
tnjstees are required lo".
select suitable ac￿￿nting poI￿leS aThl then apply them consistentty,.
obse¥ve the methods and princip￿ in the CharJb"es SORP,.
make jLFdgmenls and accounting ests"m*es that are reasonable and pnjdent,"
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
prepare the financial ststements on the going COn￿M basÈs unless rt is inappropriate to presume that the
trust will continue in OFeration.
Page 4

FREDERICK ANDREW TRUST
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees are responSi￿e for keeping proKtr accounting re(ths that are sufficienl to show and explain the
trusvs transactions and disclose wrth ￿aSOnable accuracy at any *"me the finanoal posibon of the twst and
enable Ihem to ensure that the finanaal statements (x)mpty wrth the Charibes Act 2011. the Charity {Account5
and Reports) Regulation5 2008 and the provisions of the tnjst deed. They are also responsible for safeguarding
the assets of the tnjst and hence for tsking reasonable steps for the prevention and deteth.on of fraud and other
irreguLanb"es.
*)proved by Order of the rneMbe￿ of the tKBrd of trustees on 21 May 2024 and signed on their beha￿ by..
R Lamb. Ch
Page 5

FREDERICK ANDREW TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Income and endowments from:
Investments
66.908
11,219
78.127
74,254
Total income and endowments
11.219
78.127
74.254
Expendlture on:
Raising funds
Charrtable aclivib.es
2.635
3,452
87.746
6.087
87.746
5, 133
88,488
Totsl oxpenditurE
91.198
93.833
93.621
Net incom• l {èxpenditurel before
nat (losses) I gains on Investments
Net Ilossesl I gains on investments
64.273
11￿￿1
9.979
4.935
(1S.706)
16.492
(19,367)
(244,651J
Net (expenditure) I Incomo
Transfers belween fvnds
75.830
165.690)
(75.0441
65.690
786
(264,018)
13
Nel movement in fvnds
10.140
(9,354)
786
(264,018)
RgconcÉliation of ￿nds.
Total funds brought fotward
Net movement in funds
1.674.393
10.140
417.783
19.354)
2,092.176
2,356, 194
(264,018J
Total funds carried forward
1.684.533
408.429
2.092.962
2,092, 176
The stst￿ent Offinanc￿l aCtm￿ indu(*s all gains and losses raxgnised in the year.
The notes on pages 9 to 18 fomi part of these finanoal statunents.
Page 7

FREDERICK ANDREW TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Ftxed assets
Investments
2.068.234
2.071,659
2.068.234
2,OT7,659
Current as8ets
Debtors
Cash at bank and in hand
1.091
23.092
27.609
28.108
24,183
Cr&litOTs". amounts falling due wrthin one
12
(3.380)
(3,666)
Net current ass•ts
24.728
20,517
Totsl assets I￿S current liabilities
2.092.962
2.092, 176
Net assets excluding pension asset
2.092.962
2,092, 176
Total net assets
2.092.962
2,092, 176
Charity funds
Endowment funds
Unrestricted funds
13
1.684,533
408,429
1,674,393
417,783
13
Total funds
2,092.962
2,092. 176
The financial ststements were apyove(f and authorised for issue by the trustees on 21 May 2024 and s￿ned on
their behalf by.
R Lamb, Cha
The notes on ￿e$ 9 to 18 form part of these financaal slatements.
Page 8

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General informalion
As set out in the Trustees. let￿ Fredertck Andrew Trust is an uninu)rporated registered charity in
England & Wales. The wincipal office of the trust is under clo Mrs K2ren Annilage. PO Box 1291.
Lincoln, LN5 5RA.
The trusfs main a(knty is to award grants to women for convales1￿Ce. home hel) or health and care
professions council registered therapies follo￿"ng illness or injury.
Further details atr￿￿t the trusys main aclivibes can be found in the Trustees. reporl
Accounting policies
2.1 Basis of preparatlon of financial ststements
The financial statements have b*n prepared in ac(xJrdance Accounting and Reporttng by
Cha¥tiies." Statement of Recommended pr￿tr"ce arplicable lo chafib.es preparing their accounts in
accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS
1021, the Financial Rep)rb"ng Starnlard appI￿ab￿ in the UK and Republic of Ireland {FRS 1021 and
the Chanties Act 2011.
Frederid( ArKlrew Trust meets the definrtwjn of a KK￿lIC benefrt entty under FRS 102. Assets and
li8bilities are initialty ree(¥Jnised at hkstorical cost or transa¢*"on Wdlue unless otherwise stated in the
relevant ￿￿ntIng poliy.
The financial ststements are prepared in steding. Wh￿ is the funclional cJJrrency of the trust.
2.2 Going concern
The trustees th not tr￿l￿e that trere are any matenal utKertawths about the trusvs ability to
continue. The trust only commits to grants lo the extent that fvnds are available. The firrancial
ststements have therefore been prepared on the wng Ly)n¢￿ basis.
2.3 Income
All inccffie is reC(wJn￿ed once the trust has enljtlement to the income, it is probable that the income
V￿71 be received and the anount of incLwne receiwdble can be measu￿1 reliab￿.
2.4 Expenditure
EX[￿drture is recojnised On￿ there is a legal or constructive obligation to transfer economic
benefit to a third party. r( is probable Ihat a transfer of economic beneffits will be required in
settlement and the amount of the Obligat￿ be measured reliably. Expenditure is classrfied by
activity. The charity has a Sing￿ actmty in grant4naking for which ongoing support costs are
incurred.
Expenditure on raising funds are fees incurred for the management of the charitys investments.
Expenditure on charitable activrties is incurred on d￿￿Y uThlertaking the &tivibes which further the
trusfs objectives. as well as any assLxiateA wpy)rt costs.
Page 9

FREDERICK ANDREW TRLIST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
2A Expenditure (conlinu8d
Grants payable are charged in the year when payments are made. Whilst applications may have
been approved in a given year, liability does not exist untsl sud) time that the relevant costs have
been incurred and daimed. Unts"l that Foint an app￿Ved applicab.on remains as only a commitment
by the charity.
AJI expenditure is indusr¥e of Irrecoverab￿ VAT.
2.5 Intsrest rg¢elvable
Interest on funds held on deposil is incl¥Jded when re￿1vable and the amount can be measured
reliabty by the Injst," this is noTmally uwn nobfication of the interest paid or payable by the inststulion
with whom the funds are del￿.
2.6 Taxation
The trust is fxjn￿ered to pass the tests set out in Paragraph 1 schedu￿ 6 of the Finance Act 2010
and therefore rt meets the definttion of a charitable enbty for UK corpK)ralion lax purposes.
Accordingty. the trust is potentially exempl from taxakn.on in respect of income or caprtal gains
re￿ived within categories covered by Chapter 3 Part 11 of the corpornkn.on Tax Act 2010 or Seth"on
256 of the Taxation of Chargeable Gains Act 1992, to the extelll that such income or gains are
applied exdijswely to charitable purposes.
2.7 Investments
Fixed asset investments are a fomi of financial instrument 8rkl a￿ Inibally Ter￿nISed at their
lransacb.on cost and subsequentty measured at fair Wdlue al the Balance sheet date. unless the
value cannot be measured reliably in whth case il is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised. are ¢(￿bined and p￿Sented as 'Gainsl{Losses}
on investments, in the Statement of finan(4aJ acb"VTties.
2.8 Debtors
Prepayments are valued at the amount prepaid ba*1 on the invoiced expenditu￿.
2.9 Cash at bank
Cash at bank retKesents cash hekj in current and reSe￿e &counts to which the trust has instant
access.
2.10 Liabilities
Liabilities are recr*Jnised when there is an at the Balan￿ sheet date as a result of a past
event it is probable that a transfer of e￿nOMiC benefft will ￿ required in settlement, and the
amount of the settlement can be estimated re￿￿ty.
Liabilib'es are recognised at the amounl that the trust anticipates rt will pay to settle the debt of the
8mounl it has receNed as advanced payments for the g￿JS or Servi￿ rt musl provide.
Page 10

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (Continued)
2.11 Financial in8tTuments
The twst onty has finanual assets and financial li8bilitie5 of a kind that qualfy as basic financial
instTuments. Basic financkAI instruff*nts are Inth"al￿ recognised at transactK)n value and
subsequenlty measured at their Settl￿nt Trralue.
2.12 Fund accounting
General funds are ynrestnc￿ funds whKh are availth for use at the dis¢reb"on of the trustees in
furtherance of the general obJ.￿l¥eS of the trust whth have not been designated for other
purposes.
The trust has a single endowment. the income fm which should be used in line with the trusfs
activitvs.
Investrnenl income. gains and k*ses a￿ allwated to the apyopriate fvnd.
Investment income
Endowment Unrestricted
funds
fund8
2023
2023
Total
funds
2023
Total
fijnds
2022
Investment portfolio
Bank inlerest r￿1ved
11.055
164
77.963
74.204
11,219
78.127
74,254
Total 2022
64.784
9.470
74.254
Investment markagement costs
Total
funds
2023
Total
funds
2022
funds
2023
fund$
2023
Inveslment portfolio management fees
2,635
3.452
087
5.133
Total 2022
1.200
3,933
5.133
Pagg 11

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expendi￿re by acllvitigs
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Grant-making
64.517
23.229
87,746
88,488
Total 2022
69.325
19,163
88.488
Analysis of support costs
Total
funds
2023
Total
funds
2022
Charity management costs
Other charity running costs
G0Veman￿ ujsts
Bank charges
17.500
3A02
2.160
167
12.000
4,594
2.422
147
23.229
19,763
Analysis of grants
Grants to
Grants to
Institutions Individuals
2023
2023
Total
funds
2023
Total
funds
2022
Grants
64.517
64.517
69,325
Tot812022
67.525
69.325
Page 12

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL sTATEMEP￿s
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent examinets remunerntlon
The prior year financial statements were ￿drted. The audilors. remunerakn.on in relation to the audrt of
those financial statements was £2.4m.
The independent examinerfs remuneralion ￿ounts to an ￿￿epentsnt exarniner fee of £2.16012022 -
Trustees. remunerntion and expenye8
DurÉng the year, no tswslees received any remuneraknn or other benefils P022- £NIL).
During the year ended 31 0￿mLEr 2023, no trustee expenses have Lw) incurred {2022- £NIL).
Fixod assèt investmen18
EndoT*fflient Unrestrictgd
portlollo
portlolio
Total
CoBt or valuation
Al 1 January 2023
Addtiions
1,674.693
6.017
(21.809>
25.932
396.966
5.770
{15.000)
(4.335)
2.071.659
11.787
136,809)
21,597
Disposals
Revaluations
At 31 DeceTnber 2023
1.684.833
383,401
2.068.234
Net book value
At 31 December 2023
1,684.833
383N01
2,068.234
At 31 De￿mber2o22
1.674.693
396.966
2,071,659
Rewdluations are stated net of Xtual Invest￿ management costs paid from cash balan￿ held within
the investsnent rxsrtfolio of £6.133.
Add￿OnS to the ErKkNrnent wrtfolK) reflects Lxsh transferred to settle the investment management
costs durin9 the year. Disposals in the Unrestricted pothlio refle(as losses on disposal due to Ihe nature
of the invesknent FX)rtfolio rneaning gains I losses are r&invested.
Page13

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10.
Inv08tm8nt portfolk>s
2023
2022
Equtbes
Cash h&ld ￿1n Investment Portfolh)
2,051,878
16.356
2.063.476
8.183
2.068.234
2,07t,659
All inveslments are carried at their fair vatue. Invesfment ￿ equiti.es are all traded in quoted public
markets.
11. Debtors
2023
2022
Due within ono year
Prepayinents
1.091
499
1,091
12.
Creditor¥: Amounts falling du• within one year
2023
2022
Accruals
3.380
3,666
Page 14

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Statsment of funds
statoment of funds - current ygar
Balancè at
31
Dg¢embor
2023
Balance at 1
January
2023
Transfers
inlout
Galnsl
(Losses)
Income Expendi￿re
Unrestricted
Funds
General Funds
417.783
11.219
(91.198)
65,690
4.935
408.429
Endoymient
Funds
Endcvlment
Fund
1.674.393
66.908
12.635}
(65.690)
11,557
1,684,533
2,092.962
Total of Funds
1092.176
78.127
193,833)
16.492
Unrestricted Funds:
Unrestricted Funds represent the free funds of the trust Wh￿￿ are awdiL3ble for use tovrards any of the
trust's obj'ects.
Endowment Funds:
The Endowment Fund represents those assets which must be held pemianently by the trust, principally
investments, and cannot be added to or spent. I￿￿)me arising from this fvnd can t* used in accordance
with the tmsys 0￿ects.
Page15

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Slatemont of funds {continued)
Statement of funds- prior year
Balance at
l January
2022
8alance al
31
De￿rnber
2022
Tffjnsfers
irtht
Gain
(Losses)
Income Expenditu
Unrestricted
Funds
General Funds
534.425
9.470
(92.421)
63,584
(97.275)
417,783
Endowment
Funds
Endrjwment
Fu￿1
1.821. 769
64.784
(1.200)
(63.584)
(147.376)
1.674,393
Total of Ftsnds
Z356, 194
74.254
(93.621)
(244,651)
2,092, 176
14. Summary of funds
Summary of funds - Current year
Balance at 1
January
2023
Balance at
31
Gainsl December
Losses)
2023
Transfvrs
inlout
Inc¢)me Expendlthre
General fijndg
Endowment
fijnds
417.783
11.219
(91.198
65,690
4,936
408N29
1.674.393
12.635
165,690)
11.557
1.684.533
2,092.176
78,127
193.833)
16,492
2.092,962
Page 16

FREDERICK ANDREW TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEPABER 2023
14. Summary of funds (continued)
Summary olfunds - prtor year
Balan￿ al
31
De￿mbtrr
2022
B8181Ke at
l January
2022
TTrnsfe
G8in
in/out {Loss8s)
IrKOn￿ Expenditure
General funds
Endowment
funds
534,425
9.470
(92.421)
63.584
(97.275)
417.783
I,K21,769
64, 784
(1.2LKI)
(63,584)
(147,376)
1,674,393
2,356,194
74.254
(93.621)
(244,651) 2.092, 176
15. Anatysis of net assots tthg•n funds
Analysis of net assets between funds - Current year
EThd0￿Trent Unrestricted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
1.684.833
383,401
28,108
13.080)
2.068,234
28,108
13,380)
Creditors due wthin one year
(3CM))
T¢Jtsl
1.684.533
408.429
2.092.962
Analysis of net ass*ts 1th8en funds- prior y￿r
Endowmenl Un￿StA1cled
funds
funds
2022
2022
Total
funds
2022
Fixed asset investrnents
Current assets
Credrtors due within one year
1.674.693
396.966
24,183
(3,366)
2.071.659
24.183
(3,666)
(300)
Tolal
1.674,393
417,783
2,092, 176
Page 17

FREDERICK ANDREW TRLIST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Related party trdnsactions
The trust has not entered into any party transaction during the year, nor are there any outstsnding
balances cwing bets¥een related parbes and the trust al 31 December 2023.
Page 18

FREDERJCK ANDREW TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 310ECEMBER 2023
Independent examinerfs report to the trustees of Frederick Andrew Trust fthe trusV>
I report to the ¢hanty trustees on my examinatN)n of the a￿)Unts of the trust for the yeaf ended 31 December
2023.
Responsibilities and ba818 of rwrt
As the trustees of the trust you are reSp)nsIb￿ for the preparation of the accounts in accordan￿ wf(h the
requirements of the Charities 2011 (the 2011 Acr).
I report in respecl of my examinat.on of the trusys ￿COUnts (zrried out under secb.on 145 of the 2011 Act and in
carrying out my examinab.on I have folk)w&J the 4plicable Directions given by the Charity Commission under
secbon 145{5)Ib} of the 2011 Act.
Independent examinerf$ slat8ment
Your attention is drawn to the f* that the trust has prepared the ￿OUnts in accordan￿ wrth Aceounting and
Reporting by Charitie5.' Statement of Recomwnend￿l Pracb¢e aKpluble to tharrties preparing their accounts in
accordance with the Financial Reporb'ng Standard applicable in the UK and Republic of Ireland IFRS 102} in
preference to the AccA)unling and ReKxNb"ng by Charrties.. Statement of Recommended Practice issued on 1
April 2005 whtch is referred to in the extant regulations but has b*n wrthdrawn.
l understand that this has been done in order for the accounts to prov￿ a true and fair wew in accordance with
the Generally Accepted Account"ng Practi￿ effectNe for rewrbng beginning on or after 1 January
2015.
I have completed my examinaticffi. I confimi that ￿ matters have come to ffly attentK)n in connection wtth the
examinatson gTving me cause to believe that in ary material reSt￿L
accounting records were not kepl in resttct of the trust as required by seLtion 130 of the 2011 Act,. or
the a(Lounts (ktr not a¢(x)rd wtth those reo)rds". or
the accounts do rsot compty with the ew11￿ble requirements (X)f￿ming the fom aThl content of
accounts set out in the Charitbes {Accounts and Rewrts) Regutations 2008 other than any requirement
that the accounts gNe a ￿ and fa.tr vivw whth is not a matter considered as part of an independent
examinali(Jn.
I have no o)ncems and have come awss no other mattefs in connectrin with the examination to which
atten*"on shoukl be drawn in this report ￿ order to enable a proper understanding of the accounts to be
reached.
This report is made solely to the trusfs trustees. as a body. in ?￿Ordan￿ with Part 4 of the Charities (Accounts
and Reports) Regulab"ons 2008. My work has been uridertaken so that I mwJht state lo the Irusvs trustees those
mattets l am required to state to them in an IrNJependent examinerfs report and for no other purrx)se. To the
fullest extent pemitted by18w. l ¢Jo not a(￿pt or assume restx)nsib￿ty tr) anyone other than the trust and the
trusfs tnjstees as a try)dy, for my work or for this rerK
SvJned..
Dated". 21 May 2024
Robert Anderson Bsc FCA
Streets Chartered Accountants
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
Page 6