HONOURABLE SOCIETY OF KNIGHTS OF THF. ROUND TABLE BEf4LVOLENT FUND FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page I Index Page 2 Trustees and Advlse P•%u 3- 4 Trus¢ees' Report Page S Independen¢ Eimln¢r'$ R¢w)rt Page 6 S¢atemeAt of FiAanclal Actlvitlej Pge 7 BAJ•n¢¢ Sheet P#8es &IO Notfs to lh¢ Flnancll Stitments
HONOURABLE SOCIETY OF KYJGHTS OF THE ROUND TABLE BEYEVOLENT FUND ReieYd Chxrlty 212117 TRUSTEES DUIU)I G 2024 Th¢ Trnttts of¢h¢ Cbarlty Art ib¢ JTr¢mbrr4 of Chpier otihe Sotlety Knryhl PrshI1 Adrnira] the Loftl ,£51 of Spiihc&l GCB DSC Deputy Kn•Ehi PrnSdeBt P W T Wilkins MBE KU FRSA M¢bévJ *•d Trnstrti DIIA Jone5 FRC A T Llorke T Philp fRCS C P l. Mark¢ FCA D C)r8hamc OBE P W T Wilkins MBE kLJ FRSA A G Willenbruch MA FIi8A LEng FIMMM BAliKF.RS Nwional Westmin#eT Bank PIC I Ilaiton CJxrd¢n London b.L IP IDU HSBC Bank Pl¢ 123 C1knin. IAnL' WC2A IQH INDEPENDENTEXAMI.YERS Pery5 Audii Limii¢d Charttred A¢countsnis Qhurchdown LhamiKYs BoTd%ke TonbTidKe K1 TN9 INR
HONOURABLE SOCIETY OF K)IGHTS OF THE ROUND TABLE BENEVOLE FiiND TRUSTEESI REPORT The Trnstccs present their report and Fir4n¢i41 Statements for the yegr ended 31 Dwiber 2024. l. Obloetivtt A¢tivitit Th¢ objective of th¢ Fund is the proYi$ion ofaward5. exhibitlons. special Priz bursaries gnd scholarships for the purpose of ¢duclOn and training. The TTUStets meei three times a y to approve the Fin4n¢ial Ststemcnts and consider the level of aw&rds Rcommended by a subp¢ommittee. The Trustees hold 3 numter of dinners each year at which aarde¢S we able io meet members of g number of professiorts who may be able io help them in ¢h¢ir future carvr. The Fund is r¢8isiered with the Chariiy Commission, registration nwnber 212217. 2. A£hl¢v¢rntttts Ad Fio•ffjcl*l Rtvlew The results for the y¢ar ar¢ shown on page 6. lThe'l rustces hav¢ continu¢d io make grant5 in furtherance of the Fund's Obj¢1¥¢$. In the year 8ranis iotallin8 £54.750 were rnade12023- £48.2501. The Trustees continued to introduc¢ new Knight$ and to en¢oura8¢ all Kni8hts to lake advantage of Gift Aid in crfder to rnaintain cbaritybl¢ donations to th¢ rnayimum. The ndS of the Charity ww¢ £178.357 at the end of ihe ye&rf2023: £191.582) Th¢'fnJstee5 ?r¢ $8tisfJed wilh the stst¢ of ihe C'harity's affairs. 3. Truslets •nd Advlsery These are shown on pa¥e. 4. livestrntnt Polley The Tru$t¢¢$ rely on thc invtstsneni man¥8¢rnent of COIF and M&G io provide bAlan¢¢d investment risk. In 2009. the Trustees made a gencral VieW of the Fund'5 investment policy in the light of th¢ turbuleftt finan¢ial conditions and w¢re l$fied ihai th¢ $thiu5 quo should be rngintained. S. ReJerv# Poliry The Trn$i¢¢s fe8aTd the unre.Slrided fund as a fund to proi'ide rncome io m¢¢t the Fund's obje¢tives and, alihough they could have recourse to LL they do not ini¢nd do so. Li4uid fvnds I rrtained to ¢nsure that they available for current years, 8ranis. Coo%U14111•D. Stnictsre. Goi•rnattte and M44A%emeat The Knights of the Round Table Benevolent Fund established on 29 February 1992 UTKler A Declaration of Trust emblishing th¢ Fund &$ a ¢harithblc tnt. The Fund wa5 Created by ¢¢nain members of the Honourable SLKiety of Kni8ht5 of th¢ Round Table (a company limit¢d by 8uarant¢c Yo.. 829635) in ord¢r to fomialise the ¢h•xithble a¢tiviiies thinistrrcd by the kKiety for w least the pmious years. Appointm¢ul Ind r¢ernitmeDt oftrmiteos Wien appointing Trustees. a¢¢ount must be tak¢n of skill. knowledge and the exwien¢¢ needed for the ¢ffectiY¢ admini51ration of the organisarion. On th¢ir appoin(m¢nL new tN5iees will be given a ¢opy of the eurrem version of the Consiitution and a copy of the laiest annual Report and slatement of accoynts. A Trustee shall manage lh¢ affairs of the Charity by performing his OT her fiyK1ions in the way he or she decide$, in good faith, would be most likety to furthèr the purposes of Ihe organi58tion. They should exercise such care and skill as is reasonable in the circum$tanGes. in particular, regarding any special knowledge or experience that she or he has.
HONOURABLE IETy OF KYIGHTS OF THE ROUND TABLE BENEVOLEYT FUND TRUSTEES. REPORT For the yer ended 31 De¢emb¢r 2024 7. Risk Mn•getntnt The Trustees have ex2min¢d lh¢ major strategic busiDes$ and other 0tional risks which the Fund fa¢¢s and confinn thai they have taken 51eps ID miligaie ilw risk5 as far as possible. There ar¢ regular meetings of the TruM¢cs io keep risk urtder const8nt r¢view. & Publlc B¢rtefit In meetin8 the objeciives th¢ TNstees have given ¢areful considerntion the Lh8rity Commission's gener&1 guidan¢¢ on publi¢ ben¢fit 8nd judge that all donations made meei thi5 guidance. 9. Trnjtees. respomib511¢iu In reltion to tht fithn¢iAI stsiemen The charity trustCC5 resw)rtsible for preporin8 a wustces. nUal retK)rt aThd financial ststemenL4 in accordance wilh applicable law and Unid Kingdom Accoulliin8 Swthrds IUDited Kingdom Gmernlly Accepted A[ing Pra£iice}. Th¢ law quiT¢s th¢ charity trusiees io prepare finCIal $1oments for each ye8r which give a true and fair view ofthe $4ie of affairs of ihe charithble company and of ihe InMin8 re50UTC¢S appli¢ion of resourcc5. including the income wd expendilllre. ofthe ¢haritable ¢ompany for that Period. In preparin8 the fJnanci41 siat¢meTh15. the Iru51ces are rtquirtd 10.. • selefyt 5uiiable accouniiDg 11¢1¢& and Ihen gpply ihcm con51$iely. observe the m¢tbod5 and principles in the Charities SORP- • make jud¥emen15 and ¢slbm8tes thai are re850nable PTydeni- stale whether appli¢able UK accoun(ill8 Stand4rd5 have bccn followed, subjea 10 •iy material departure5 disclos and ¢xplain¢d in the fina101 sthtemthts: prepaff the fIDclAI swements on the going con¢em basis unless it 15 inapprnpriate to pSUm¢ th•t the ¢harit)' will continue in business. The iru5tee5 ar¢ reswnsible for keeping pyoper wowrting rEco9 that disc105e with rewnable accuraq at Iny time the finxThLial p)5ition of ihe chlY and to enable them to ensyre th lh¢ financi staMi¢nts comply with the Companies 2006. They arr also responsible for f¢guardinB thc a55¢ts of the charity and ihe 8roup and hence taking r¢&sottable steps for the pr¢%'cniion and ddection of fraud and oiher irre8ul8Tiiies. Th¢ tnistees are responsible for ihe mainienance and inwity of the and finAn¢i iThfornBtion includcd on th¢ charitable company's websile. Legislation in the United Kingdom goveminR the preparntion and disseminBiion of financial $teMents may diffeT from leBi51aiion in oiher jurisdiction5. CPL MTke FCA Knight Treasurer Trustee P.Wilkins MBE KU FRSA Deputy Knighi President Trustcc
IINDEPENDENT EXAMIIYER'S REPORT TO THE TRL.STEES OF THE HOiYOURABLE SOCIETY OF IL%IGHTÈi OF THE ROUND TABLE BE)EV0LET f b',YD Indep¢Jtdéot u•mler's report to Ibe Irystres of Tr¢ HMouT•bk Sotl¢ty of Knlgbts of tke Round Table. I report to the In1$ on my exami1tIort of the accounts of ThE Honourable Society of Knights of the Rourhd Table Iihe Charity) for the year enthd 31 D¢tb¢r 2024 which we set out on poges 6 to 10. Regpo•4bllltks •nd b1$ of rtptsrt As thc Ch8Titys Irust¢es you are responsible for the pTtPthliOD of lh¢ accounis in xcordance with the requiremcnis of the Charities Ath 2011 I'the Act.). I report in of my eKarninion of the Charity'5 A¢counts carried oui under s¢aion 143 of the ?01 l A¢1 and in Carryin8 Ollt rny examindioTh I have followed •ll the ¥pplicable Direttion$ wven by the Charity Commission under s¢¢lic l45(5Xbl of the Aa. Ind¢ptNd¢D¢ ¢xmlther'1 gt•ttmet I have completed my examination. l eonfim no mattri81 mau¢rs have ¢om¢ w my att¢ntion in eonnertion with th¢ txaminatioii giving me cause to believ¢ that in afty mawial res.. l. &c¢fjunting records were noi kepi ID re5W of the Charity ¥ WUiTtd by gedi¢Jrt 130 of th¢ Act: or . the ¥¢¢ounls do noi %cord with those records. j. the gwounls do not wmpl} with the applicable r¢quiremen15 concerning th¢ forn] and content of accounls set out in th¢ Charili¢5 (Accounls and Rcporfsl Regulation$ 2008 other than any requlrement that the a¢¢ounts give a'm and f4ir view whi¢h is not a mter considered 85 pan of an ipd¢pend¢nt examination. I have no concerns ppd have ¢(ffie *cT05s no thher m•ttUS in conne10n wlth the ex•tAin8tion to which attention should b¢ drawi ift this report in order to en•ble a proper wthtsndin8 of the I¢nts io k 4¢h¢d, ephen H•k FCA FCCA Perry$ Audit l.lrnlted c.hartered AceouDtsnts Churthdown ChAmbe Bwdyke Tottbdd TN9 INR Date:
HONOURABLE SOCIETY OF KNICHTS OF THE ROUND TABLE BENEVOLENT FbTrD STATEMENT OF FINAIYCIAL ACTIVITIES For the year ended 31 Deeember 2024 UDresiYi¢ted Resir6¢ted Fyttd Fund I 2024 2024 Total Ullrtstrlct¢d Fund 2023 2024 Nole INCOMF. AND EliDQWMENTh FROM Donations and L¢gaci¢5 tnvesllnents 33.515 7.263 40.778 33,513 7.263 40,778 34.832 7,578 42,410 TOTAL EXPEIYDITURE ON Charitabl¢ AcuvitL¢S (3) 59,000 51x1 59.500 52.250 TOTAL 59.((#) 500 59,51X) 52,230 (18.222) (s) (18.722) (9,840) Net GainsllL055es) on InvestsnenLS (4J) 5,497 5.497 15,895 Net In¢om¢/{Expendlturé} (12.72S) (3Crt)I (13,2251 6.05S Net Movement ID Funds (12,7251 (5001 (13,225) ReeoDelllAtlon of Funds: Total Funds brought forward 182,082 9,5 191,582 185,527 Total Funds ¢•rrf¢d forward (8) £169.357 £9.0 £178.357 £191.58? The n*xes on pa8¢s 8 tolo fornj wt of these Financial Ststem¢n
HONOURABLE SOCIETY OF NIGHT5 OF TIIE ROUND TABLE BENEVOLEYT I%OTES TO THE FINYc1AL STATEMENTS For th¢ yegr ended 31 Deeember 21J24 I. ACCOUYTING POLICIF,S (i) Bsig of preparation and ajseMmeDI of goillg tonce Th¢ fin4ncial 51atements have been prepared in accordance with the Ststcmeni of RKommMded Praciic¢'. A¢¢ouniing and Reportin8 by Chariti¢S preparing their accounts in 4c¢ordgnce with the Financial Reporting Stsndwd applicable irt the LK and Xepublic ot"Ireland (FKS IU2) Issued on 16 July 2014 and tht Financial RekN)ning standa applicable in the Lniied Kingdom and Republic of Ireland ITrRS 102) the Charitie5 knt 2011. The trusttts consider ihat there are no material unc¢rtainti¢s lix) the Tntst's abiliry io continue as a going concern- see also Note 10. (li) IDcome tAX The Benevolent Fund is oble to recover income tax on 8ift aid donations. Credit 1$ tsk¢n for in¢ome tAx rttoyerable in the ve4r in which it is due. liiil In¢oth¢ retmIlIOn Income is r¢¢o8nised once Ihe charity has entitlemeni to the iTOrne, it is probabl¢ thai the in¢om¢ will be received ftnd ihe amouni of income be measured reliably. (ii.) Expenditure r¥Yo8llltioa l.iabilities are recognised Bs expenditur¢ Hs swn &$ i[C is a legal or constnKiive obligati¢)n ¢ommitting the Fund to that exp¢nditurt. it is probabl¢ that settlemeni will be required and the amount of obligation be measur¢d r¢li•bly. (tr) AllocshtloD of go¢rnI¢¢ ¢M¢s (yovernanc¢ co%t5 haNe b¢en 8lloc4trd to ¢haritsbl¢ &¢tivitt¢s in fvll. (vil C.'baritable atdvltlEJ Charitable activilies include 8Tans made. COSIS of the dinner for re¢ipients of th¢ gwwds and 80vemanee co49. (vil} RtAllvd ffalng •Dd lojs All 8ains And10$5¢3 ue taken io (he Siat¢m¢nis of Financial Arriwiiie5 (SOFA) as they arise. Realised 88ins and losses on investmenis are l¢Uld1¢d as the difference Sales proceeds ond their opening ¢wing v8luf or purchase value. Lnreslisod gains and losses are calculate4J as the difference between the fair value 91 th¢ year end and their ¢win8 value. Rea]is¢d and unr¢dised investsnent 8ains gnd losses gre combined in th¢ SOFA. 2. TRUSTEES, RF.ML'NERATIOY AND EXPEYSES TNs¢e¢s re¢eiv¢ no MUn¢raI10n or rKprns¢5 for ilT %Trltts. 3. AliALYSISOFCHARITABLE AcfiviTIES U•rnsirlded Rostrieted F¥Ad Fund A 2(124 2024 Totl Tot*] 2024 2023 Dinn¢r guests Awards- guLeral Independent examin¢rfs fcc 3.350 54.250 1.400 £59,1)00 3.350 54.750 1.400 £59,500 3,000 48250 5fy) £500 £52,250
HONOURABLE SOCIET), OF ILIICHTS OF THE ROLND TABLE BEliEVOLEliT FL?*D OTES TO TIIE FIYAliCIAL STATEMEN15 COYTD For the yur ended 31 Dtttmber 2014 4, RECONCILIATION OF MARKET VALUE OF INVESTMENTS UDrestActed F•Dd 2024 UreriCted Fulld 2023 Markct Valuc ol inb'esuncnts ai l January 2024 Disp05als R¢ali8¢d Gains unrealisu11105sesy8ain 210.b2v 117.5(M)I 623 4.874 214,72) 120.DOOI 22 15.873 Markd Y¢ ofiDvesThienu8 8131 December 24 £198.617 £210.620 5. RECONCILIATION OF CAINSI{LO&SESI ON ViYVESTMENTS lJttrestri¢ttd Fund 2024 Unresirlet¢d Fund 2023 Unre4lised gains Realised 15 Total nei 8&in5 4.874 623 £5.497 15,873 22 £15.895 & DEBTOK8 Unrejtrkted Unmtrl¢ted 2024 2023 Awards paid in 8dvan¢e Amouni due frurn Limiicil Ccffipan) 14.5(M) 17,271 £31,771 6.5(K 11.454 £17.954 7. CREDITOIL Uorestrte¢ed Futtd 2024 Uirestrleted 2023 Awards 54.730 1.530 54,230 1.250 & ANALYSISOF FUND MOVEME.YTS Ullrestrktel R¢Mrkt¢d Tot•1 F0 Food I 2024 2024 TotAI 2924 2023 Bddnc¢ at l JUary 21i24 Income Expenditure GAin5 B8]Qn at 3 1 December 2024 182.tJ82 40.778 (59,(KXII 5.497 £169.357 9.)(1 lyl,582 40.778 {59.500) 5.497 £178.357 18i.i27 42,410 (52250 15,895 £191.582 Is(M)} £9.(KK) R¢stri¢trd Fund I w&$ created for HMS Dash¢r to aid their WM)rk with yLTrullB teople.
io HONOURABLE SOCIETI. OF KNVGIITS OF THk RO[[D TABL BE5E.0LEIT blThD .WOTES TO THE FIYANCL4L sfATEME.%TS CONT. For the ytr¢Aded JI Dtteber 2024 ALISJS OF Fir.m0MEVls co1 tNI"ED CoMp4rn 2023 TQtTlttrO R¢¥tritttd Fund F•Ad I Xt23 Totsl B8]ance l JaThts 202J Intixn¢ EXdilre ILos¥esyGatns Ba1ce ai 3 l De¢cmE¢r 2023 180.527 37.410 fS1.7501 15.895 £182.082 155,527 41410 lJ2.2501 15.895 £191,582 (J(K) £9.5 9. SCHEDULL OF INVLSTMENTS l!•rntrkted Fu•d Holdl•p ai 1.1.24 Cg$1 Il•tdlAp At JJ.1124 Market Ilnlts Co COIF chn.iieg F.thical Inv¢stmenr Fund in¢om¢ uniis s7.21 16¥.586 13.7331 11&8971 51.407 JS1.688 159.167 4,832 M&G Lhtiritbnd iffonic units 2.679 30.1 2.679 30. 39.450 Tothl £198.586 116.8971 £181,688 £198.617 £7,263 10. GOIING CONC.ffi.'I&N In 51Th lkn Trund's Bbility to CODiitiue 4 winlcontern, Tru5rt consithred its liquidity rAll)n. The Fund has a si¥nific4ni inYestm¢nl kK¥tfolM> TO dAw yTr)¢L whirh wild be ivgilabk 10 its cash flow T¢quimts. For thi5 reayon. thc TnL8tets FKli¢ve li is 8prknprje t¢J to th¢ BOin8 I13 jft pryori the accouijts.