2023-03-31-accounts

Cornpany number 386771 Chariiy number 2140 SCHRODER CHARITY TRUST Financial Statements 31 March 2023

SCHRODER CHARITY TRUST Financial statements for the year ended 31 March 2023 Contents Page R&fer6nc8 and ￿lministra￿'Ve Infoffl￿I Rep￿1 of the directo Ind8p8r¥Jent au(*torfs reFKYt statement of ffinanc4al activibe8 Balance sheel 10 Statsrnenl of cash fic)ws 11 Notes to the finanlyal statwn8nts 12-19

SCHRODER CHARITY TRUST

Reference and administrative information For the year ended 31 March 2023

Directors and Trustees:

Mrs C B Ma nckrodt (Res gned 15 June 2023) Mrs C L F tza an Howard Ms M K F tza an Howard (Appo nted 1 September 2023) Mr T B Schroder (Cha rman) Ms L K E Schroder Mr J H F Schroder

Company Secretary and Charities Director:

M ss L M Bowman

Registered Office:

81 R v ngton Street London EC2A 3AY

Solicitors:

W thers 20 O d Ba ey London EC4M 7AN

Auditor:

UHY Kent LLP trad ng as UHY Hacker Young Thames House Roman Square S tt ngbourne ME10 4BJ

Bankers:

Schroder & Co L m ted 1 London Wa P ace London EC2Y 5AU

CAF Bank L m ted 25 K ngs H Avenue K ngs H West Ma ng Kent ME19 4JQ

Investment Manager:

Cazenove Cap ta 1 London Wa P ace London EC2Y 5AU

1

SCHRODER CHARITY TRUST Report of the directors for the year ended 31 March 2023 The directo￿. also the Trusteos ofthe schro￿ Trust {'tre TrLsfi. present rewrt ￿ th? ￿￿j1t￿j financlal statements fcf the yearerK￿d 31 Marth 2023. Reference and admlnlstratlve detalls The ffinancial Statements comply wrth the chaiity'sTrusl De￿1, the chari￿s Aca 2011, the CLxnpar¥os Ad 2006 and AccDunliThJ and Re￿ting by CharTbes'. Stslemenl of Recy)rnThnd￿1 Practice appli￿ble to tharitigs preparing their acwunts in ￿[dance wlh Ihe Fina￿￿al ReFKYtiw StarKlard in the UK and Republlc of Irokgnd IFRS 1021 leff￿￿va 1 January 2019) IChariti8s SORP IFRS 1021). Orfgin of Trust Thé Bmno Sthrodar Ch8rity Trust was incrrKwatad on 6April 1944 as an unlmit&d c(xnpany hawng an aulhoriwj 5hgrp ￿p[bI of £1CKI. Th? namg was Chan￿j to Sthr(KJEr Charity Tw on the 11 JLme 1953. Thè Tnjst Is a charity rgglst8r8d in and Wales. tharity numbar 214050. Th8 Trust is 8 ￿¥8￿ unllmiled o)mpany wJLstewl in Ihe Untbd (omp8ny numbw 386TI1. Directors and their intsrnsts in share$ The d1￿CtorS wh) were in Offi￿ duriry the yw aThJ interests in the shwes oftke company al 1 ￿11 2022 and 31 March 2023. were as fol1v￿.. l￿ri1 2022 31 March 2023 Mts C 8 Mallin¢krodt Mrs C L Fitzalan Hchvard Mr T B Schr(￿er Ms L K E Schroder Mr J H F SchrcJar On8 shaw Is aL80 held by th8 Execyjtors of Mr B L Sthrrthvtho ar8 not a dirBrAor. P•ofA• wlth Significant control Aftar due counsel, the th'recth have detemNn&l thatthere 15 no ￿￿￿tra￿e FeTr)n ￿ registrabte re￿ant leg 8ntity in ralatKJn to Ihe Trust. StNcture. governa￿8 and rnanaggmgnt onstituuon Scl¥oder Charity Trust L% an unlim1t￿ tx)mp8ny rÈgisl8ral in tha United nUM￿r 386771. It is 8 th8Nty regislar8d In EnglwKI 8nd Wal&s, numtw 2140Y), and Is WVeM￿ by its MwnoraThJum 8nd A￿d&S of A880cialwJn. AppoSntment of Ixrectovs, Inductk)n and Tralnlng Tha Memorandum and Artic￿ ol A￿S￿lati￿ alcpw for not than tgn and T￿t less than DwectCrf5. N8w Directors can be ap￿linted by a majority Oftl￿e Shareh￿derS present at a general meetirKJ (q￿r￿m. 21 ofthe m&mbetE eitsr IDfill a vacancy or as an lo the exisling Board. Tho indu¢tlon process for any n￿Y app)inted ￿reCtr￿ comprises an initial meeting with the Chairnian ts) undèrstand powers atml resp[￿s￿)ll1tl8s. the th)DJM￿l and the stfategy ofthe Tntst. This is folow8d by méating wth th6 Company Secretary on the Tn￿rS wnt•makiThJ wr￿8$s, and intemal polic￿ and procedures. Objects and stratsgy Under the Memorandum of A$wial￿￿, th8 Dire(aots may re(N8 donations pay or 8prty tho in(xJm8 9rKI, if they shall think fil, the capttal ulthe TFUSI to ￿for￿ (tsritaLle puryjoses ￿ats￿Ver at such tiwn¢s and in suth manner as the th￿CtorS shatl from time to time trunk prcw. The Memorandum ofAsswation aulhoriw the D(rectors to wwesl vithwl ￿MitatI)n.

SCHRODER CHARITY TRUST Report of the directors for the year ended 31 March 2023 (continued) Publlc Benefft The Dlrecaors havg refgrr&J lo thfr gUkI9￿ (xxtsned In the Charrty Comi5sb)n's general guidance on public b8nofft when IheiraiThs and and in F4anniro their adwtw. Grant maklng polFcy Applicat￿$ are lo charities rgJister&l in the UK, who appty VH an online fom. Applt¢ations fv funding are ¢on$Id￿ed at bl-annual meetlros of the Dir&￿S. Areas of f￿8 inctude arts, culturg 8nd heritago" 9￿U￿tion, tr8Sning and 8mpknymenl,' ènvironment aThJ o)n5ervalion.' heath wellbeing.. arKI strengthenH)g communNies. Annual revlew DuriTrJ th8 year 1.03212022.. 1.1D3) apr41(StM￿sw0YQ recei¥&J. Grarrts were lo 114 thariti"8812022.. 10n. or thèsa. Ihr88 larg8r grants wer8 mad8. on& in respcxise to the u)rfflid in Ukraine ICaFitas Ukraiml and ty￿ to a(klrgss thg impact of en¢rgy oJsts in the UK (F￿ Bank FOLmda1￿ ar¥J Nation￿ Energy A¢tltM). Flnancial posltFon The cawtal of the Tntst is priThipalty shares in Sth[0d8￿ pk. During the P9￿d the Tru51 of£571.736 {21Y22: £560.555). The drectOf5 made grants totsNing £512,30012022.. £399,4￿). Aft8r taknng into 0)n￿daratIOn n8t10&88s ￿ inVeSbm￿ for ￿ year of £1.693,55112022'. k)s8e5 of £1,178,261) thg ngt de(xea5g in fvnds ftsr the year. as st¥M in the Statement of Financ￿1 Actwitips. amountsd to £1,701,260 12022.. dgcrease of £1,075,155). The Trusvs nat assets decmsed to £12.799.584 from £14.￿,644 due to th8 unrealiwj bsse8 on tt revalLL9tH)n of investrn8nts. Investment policy The currènt polky is trj mainl￿n thé Trnsys inves1￿t in ￿ sha￿S of Schroder5 wlh the balance Df the ass8ts inv8sted al the dIs(x9b￿ Df thg directtws, apwinted Inveslment Mawer. Perfomwncg 18 reviewed at each boarrj ￿￿ellIg and the wNestrnent polty r￿S annual review. Investsnent performance Al 31 Marth 2023, 85% 01 the vafue of the investsywl pKxlhlK)wgre In Sthr(KJets plc shw. Untll August 2020. the shares were held in cerbficated fcym by the T￿￿L that point Custody has been ￿0V￿led by sd¥Od￿ & Co. Ltd as part of their service. The alkKalion of investments for the remain1￿ 15% is ddegated to the Investment Manager who provides progress repcKb to dire¢bxs at Bo¥d mèètly. The dIr￿torS al r8gularty revièw curMI strategy thereby ensuring the care￿1 st8wardship of S¢hr(thr Charity Trust fu￿1$. Ckn 20 September 2022 thè 61,OtN) ￿dIn￿ nowkng Sha￿ n Sthroders plo held by Schrfyjer Charity Trust were re-design8led as 61,W) ordinary shares full vgting rwJhts. Th? 338,832 ordinary voting shares in Schroders plc helcl by Sc1￿XIeT Charity Twstww8 subFth to a Ixjnus issue of 3 addibonal ordinary Sh￿eS for every 17 ordinary shares held by or(Jinary sharehokkrs. The Sd)roder pk's £1 ordinary shares were then subjivided into new ordinary shares of 20 pence e. At 31 Marth 2023 the charity holds 2.298,129 ordlnary voliThJ shares in Schroders F4c with a value of £10.511.393 {2022." £12,118.862 total Val￿ of ordinBry voting and nr￿.V0tsng shares) The investrnent manager is tasked Vlith maintairMr¥J (Y Ir￿¥9a￿ng the wdlue of th& pytfcAio, ￿118 enguring there are sufficAenl fvrKl8 lo tneg1811 in full. 31 March 2023. the rnarkel value ofthe setued funds stCKKJ al £12,442,84812022: £14,169,018). Dur1￿ the year ￿ded 31 2023, nel lo&ses on investments were £1,693.55l1￿22.. net k)888s of £1,178.261k

SCHRODER CHARITY TRUST Report of the directors for the year ended 31 March 2023 (continued) Future plans The directors wll Tr)nlinue to re￿ve and distribub th8r11￿& funds in accordancè their policAes. The unrestriclgd funds aro beirvJ manj￿ to tfwt cutTWrt leveL% of dwrilable grants are malntained for th8 fore58eable future. Résèrvès polley Th¢ are aw￿ of the generBI legal dLty to apply charitable tunds wthin a re88onabb limè of r￿j￿rng than. Accordingly, t1￿Y intend to ￿￿tir¥Je to.. Donat& In 8XC8￿ of 65% oftha net t￿g￿t￿l irKaJme ar￿lThJ eac yearfrom its unrestrictwj ftuNJs. 2. R6tain bpJan¢o of su¢h ir￿orne in orderto allow the direLors to restxjnd to Spgcfft appeals by making largor (ksnalSons as the directors may ftcffi time to time CC￿sIder to be approwiate. the levd of reserves a year. Ravithv this polry a yw. At the year end. total unrestricted reseNe5 were £12,799.578 (2￿tt.. £I4,￿],B3B). Risks The dIrectC￿ have carrigj tyjl a ofthe".mapr risks faoxng the charity. Thoy have (x)nslructed a risk register whi¢h priortbses these risks and identifies the mibJating sy5temy and controls in rèlallon to è8d) risk. T directors also ensure that there is a co)mp￿￿nS￿e ￿￿1t￿ng aNI rav￿ pro(&s in rA￿ to copttjre now rt8ks as they may anse and that systems are in to manage these. The major risk to which the charity is exF05od 15 that of inixjrring sontfi(2nt k)%￿ In the inveslment wJrNio. General wformance tar￿t8 a￿ set by the threctors in re￿tion to the investmerrt portfolio. a)d th& investment perfom)ance Is kept under review by the direclors. The inttne deriv￿1 from divKlands frcn shafvs in Schroders c is ￿loCated to grant-mthng actwibes e￿ year, arnj the Jevel ofextxnditure ￿ basgd on availabb funds. Interests The directors maintain a 'Register of Intere¥tg 89 a meawre of go(xJ practi￿ a￿1 also tD ensu￿ that no conflcts ocojr. This register is updated and re￿e￿￿d an annual IM￿. Statsmgnt of diTgGtors' responsibililios Th8 directors (who gr& aL80 th& trustaes ofthg SchrrJer Charity Tn￿t for the W￿0588 of charity lawl are porK8ibl8 for pr8parrKJ Ihè Report ol ￿re￿Or$ aThJ the finarrial stalem8nts in a¢(Y)rdan￿ with applicable law and unl￿ lfjngdom A¢¢ounting Stsndards (Uniied lfjng&)m Generdlty A￿pted Au>)unting Practi￿1. Cofflpany law requires the directors to p￿pare flnancial statenEnts for each financlal year. Under that law the directors have eknted to prepare the finan￿al stateTnents in acujrdancè United lfjngdom Ge￿allY A￿pted Accountmg Practre (unit￿ lfjngdom A¢xourtting St8rKlards 8pplica)16 lawl, induding FRS 102, the FinancAal Reporting Standard applicatle in the UK atKI ReFwbliB of Irpland. Under wmp8ny law the diredors must not approve the finanaal statew￿lS unths tlw are satisfied tlwl th¥y give a true and tslr view r)f the 5tste of affairs of the charttable (wpany aThJ ol the ir￿ing resourcos arKI app1kati￿ r)f ￿OurceS. including Ihg Income expendI￿re. of the charila￿e ojnpany fDrthal w¢¥xl. In w&parfng thèsa foHnaal statanènts, th8 diredors are required to: suitstAe a￿OUntIng FO￿e$ and then appty them C(￿S15￿￿, observe the m8thod$ and pth)clpk oftha C8riti&% SORP.. make judg[ll￿ts and 8￿X￿1114￿ &%tlm*es that are reasonatrAe and FKLNJenl; state whether appltsble UK A¢LX)unbng Stsrmtsrds hav• iwn fothx¢d. suw to any material departLrn8 d6scbsecf and explained in finanoal ststsrnent4' prepare the financial statements the goiw twis unlèss it L% inappropri8tè to prèsume that the charitable company wll continue in bu￿ness.

SCHRODER CHARITY TRUST Report of the direGtors for the year ended 31 March 2023 {contlnugd) d1￿ctorS are ￿SpOnSIble for keeplTrJ adequate ￿￿ling reLxJrds thal 8t9 9uffiu￿t tr) thr>w and 6xplain thè chavtsble wnpanws transa&v)rts aThJ disck6e with reasollable ￿jr?￿Y at ary the finarxial p05ilipn of thp charfty Bnd enable them to enswe thal the thanc4al statemerts compty wth ￿ Companies Act 2￿6. Thoy ore aLqo r&s[m￿&b￿ for saleguardlThJ the assets of Ihe tharTtaL4e COfT]pany ar¥1 hen￿ for taking r9asonab￿ stèps for tha preventlon and detection of tra￿￿ and other irrBgularib85. In ￿ f8r as the dirè¢lors arè awarè.. is no rgknnt aLthJIl inforrnation of tharitablè coryany's auditr)r is unavdre,. and the dir8cus hde taken all steps they oughl to have taken to make themseW awarg of any ralèvant atKIit infomiatN)n a￿1 to establi8h thal the aLKlittT Bware of tt)at Inf0M￿t￿N. Th8 dir*ors aro r8spongble for lh8 malnteronce arKI Integrlly of the WryKJrats aTrJ flnandal knf0M￿tk Includèd on the tharilable c(xrpanls website. Legi￿￿1￿￿ in Ihe Unitsl lfjngdcm gtsvemlng the ￿eParation aTr diss8twiin¥lior of fina￿la1 8tateThnls may diffBr from kgi4ation in ot1￿rIunth1Ons. Small company provtsl¢ns This rerKJrt h&8 b￿n p￿Pared in aco)rdanc6 the swial provisK￿8 fw sm81 (x)mwl&8 part 15 Df Ih Companies 2LWJ6. Approval Approval by thÈ Board of Directors on 27 lyi3 and Si￿ed on its behalt ty. TirYK)tt)y S¢hrod8r Dirgclor

SCHRODER CHARITY TRUST Independent Auditorfs Report to the members of Schroder Charity Trusl Oplnlon We have ￿￿jIted the finanoal statements of th8 ￿￿[XIer Chaiity Trust IYh8 for the year ended 31 March 2023. which compriw the Slatemenl of FIna￿a31 Actsvitse& tho Bthxe Sheè( the Statement of Cash Flows and notes to tha fln8ndal stat8n￿n[S indLMling significant acLX)untiro rM)IKies. The financial rarK)rtinu fr8mawork that has b88n appli￿ in Ih&r F¥eparation is applKable law and United KingLf¢Jm Accounltfig St8ndat(1s. induding Fina￿la1 ReF¥)rting Standard 102 'The Financial Reporting Standard appllcatAe In the UK and Republic of Irel￿ (Unibl lfjngdom Generally AcceFloJ A(￿￿nt[￿j PractiC8}. In our opinion Ihe finon¢>al statements.. glv6 8 tnjè and fairvi￿ of thè stat8 ofth& charitable ¢))M￿￿S affairs as al 31 March 2023 and of Il tharitabl6 (x)mpany's Inc0￿mr￿j res(yJrces and applcatTron of reswces. indudirwJ its Ir￿Me a￿1 ¢xponditur¢ for th¢ year then ended., hav8 bèèn pr&p8r8d in with Urdted Generatly A(xepled A9?￿nting Prncti¢e', and havg been ￿K8par￿1 in a¢X(m(la￿ thè Wulr￿anIS of thB cr￿PAnIo5 Act 2￿. Basi$ for opinion Wè conducted our audit in ac£ordan￿ vrith IntematKJ￿I StarYards on Athliting (UK) IISAS (UKII and applicable law. OLtr respon&bilities uThJer those staNJards are fvrther described in the Auditors. responsibi1th88 for th8 8udrt of Ihg fina￿& ststements se¢kn of tyjr ￿pQrt. W? ore independent of the harilable wmpany in mJrdan¢e wlth ￿ ethkal reqUiren￿tr that are relevant to our audit of the finandal statemènts in the Unlted Kingdom. indthling the Fina￿￿￿ Reporting CouncAls Ethical Standard, 8nd wa hava fulfilkd our oth8r ethThl responsi￿lf0￿5 in aco)rdaTh2 with these rwjiremenls. We b￿leve that th& audit 9viden￿ we have oblained is ￿ffi￿ent and apprcwate to ￿￿VIde a basis for our opinion. Concluslons Tejatlng to golng concgm In auditing the financial statements, we have (¥￿dUded that the T￿￿te&s, use ofthe goiTrJ (x)n￿rn ba￿5 of accounting in preparat•)n of the financial statements is atvopiiate. Ba5wJ on tho wotk we have perfomwd. ￿ have not hlentified any material uncertaintm relating to events orcorKJttK)ns that, individually Dr￿￿￿e0vety. rnay (xst &gnifi￿1 d(KJbl (x) (tsrrtable tx)mpanls abillty to continug as a going concern for a perK￿ of at lèast mnths from whèn thè financial stolen￿ts are aulhorised for issu&. Our resw)nsiExlities and the responsibfities ofthe Trwtees 7ith resp& to goiThJ concem 8r& d88cribed in the relevant secfb)ns of Ihis report. Other infomi•tion The trustees are respK)nsiblg for ￿ olher Infom)ati￿. The Olher inf0m￿tiC￿ comprises the Enfomia￿0n included in the RepK)rt ofthe Truste￿, otlwthan ￿ finanual statemenisand ourAuthtorfs re￿rtlher￿jn. Our opinion on the financkal statements does fK)I covei the irfft)rmal'on ar¥J, eX￿p1 lo the extent otherw&8e eXpl￿111Y stated in our reFQrt, we do Th)1 express any form of assurar￿e con¢Juwn thèraon. In wnnection wlh our audit of the financlal statements. our respmsibilty is to read th8 0th8r informatiun and, in dory SD, consider whether the other informathon is materbally incon5iStenl with the financial ststemewts or knovAedge obtained in Ihe audr( or OtheTh￿ apFears to rnater￿l1Y misstated. If we IdentSfy such Material Incorn8istencies ￿ appa￿t material misstatements, we are reqLired to delemine whether there is a material mi&staternenl in the finanoal stalementscff a rnalerial mi5Statemenl of the other inforrnation. If, based on the WLYk w8 hav& [wr￿rr￿d. wè u)ndud8 Ihat th8ra is 8 material nwsstatamant ofthis other inforrr.alK)n, we 8re requir8d Io rntxjrt that f&X. We have ￿thing to repKfft in this r8ganl.

SCHRODER CHARITY TRUST Independent Auditor's Report lo the members of Schroder Charity Trust (continued) Oplnlon on other matters prescllljed by th• Companlgs Act 2006 In our oplnlon, bas&1 on the work un(tartak8n in ￿ course of the audit: the infom8¥on giv8n in the Tntstees ReFth for the finalK>￿ 40t￿nts are prepared is ¢on8151gnt with finanaal statements. The Truste88' R￿ort has b68n prep¥ed fft aca)Fdarvx vAh ap￿[th bjal requlrements. Matters on whlch we are requlred to rgPQrt by oxceptlon In the I￿ht of th8 knobyledge under¥tandSng.of the tharitable cThnpany and Ils enTrlrrJ)ment (A)taii& In the course of audrt, wo have rnt Identifi8d material m15slatew￿ts in the Trusle85' RgFKXt We have nothing to rgpxt in respect of the matter8 In reLg1kn to wl cr￿PanIeS 2C requires us lo rgFKXtto yw If, In ouropinTh: adequate a¢xx￿nting records rw)t bw kep( ￿ returns adequate frO￿aUdIt hav8 tK)I b8en received frorn branthes not v15iled by us.. or finanoal 6taternents are n(￿ in agr88ment the records and retsjrns" or crtain disclowjres oltwstees. reMuneTrti￿ s[￿d[￿ by law are ￿1 made" or wg have not recdved al the infc(mation and explanalK)ns ￿ req[ll￿ for our aLhJil', or the TrLBtsgs were not ￿tIlled to ￿epa￿ the finan(xal statemwts ts) 8(xx)rdance the small ryyanies rogryne ajxl tske a(fvantage of the small (x>rnpanAs' èxèmptiorLs In preparin9 the Tru8te8s' ReKK*t and from the requIre￿nts lo prepare a Strats9￿ Ro￿rt. R•spon81bilities of Truslegs As explain￿ more fully in tho Stthm8nt ofTnJstees' Re8[K￿lialitIes, Tru￿908 arg restxJn4ble for Ihe preparation ol th8 finanual stateménts and fcf Satisf￿ t￿￿1 they give a and fair vlew. and for such inlem#l f>)ntr& as th¢ Trustees detemiine is rwessary to th& preparatk)n of ￿nar￿la1 statements Ihat arg free fv￿￿ nrlal misstatemen( thethertJuè to fraud or 8rror. In prèparing the finarKyal statements, ￿ TWs1￿ arè res[N￿￿1 e for assessiNJ Ihe compatys alifity to cYJtt￿ue as a g(MThJ concem. di8dostt￿. as applicable, mattws rela￿ to gixrNJ con￿rn and using the gfing con￿rn basis Ofa￿oUnting unlossthe Trustees eitherinlerwj to liquNJalethe (aritaLqg Ixxnpany or to ceasg op￿lI0nS, or have no realistic att8m8b.vg Ixrt to Ik) so. Auditor's responsibilty for thè autht of th• flnancial stalemer Our objedNes are to oblain r&aS￿abl8 assura￿e about whetherthe fina￿181 statements as a w￿& Bre free fnm material rnisstslemgnl, %th9ttwdue tofraud ￿ eThor, to issue an￿1t0￿8 r￿Ortthat iidud8s our winh?n. Reasonable assurarKe Is a tsgh ￿e4 of assurarvx, but is not 8 guaran￿ that an audic conducted in accl￿lan¢￿ wtth IW. IUKI wll a￿y3 dete( a misslalemgnt Yhw tt ￿￿￿ts. "$statem￿ts can arise from frKI or 8rror a￿ C4)nsKlered material if, W￿lY￿Jua1Iy or in the agyregats. they could reasonabty be exwled to inffluw the ecujomic d￿ls￿ of users taken on tha basls of these finan¢i81 stat8m8nls. Irwularitles, ind￿11ng fra￿￿. ar8 Inst8n(s crf n￿￿cor￿1an￿ ￿1h and rBgula￿n5. We deslgn procedures in line with responsibilrfigs, (Mjuirwl above. lo deted materia misstatemgnts iwb respeej of irregularit￿, induding fraud. The extent kn wlyth our aro watle of detecling iff8gul81iba8, Including fraud is delailgd Llow'. How the audit was ￿nsIde￿￿ (¥p8blg offL￿adIngl￿egUts￿ indiKlwwfr8th1.' Our approach to I￿nts￿l￿j aThJ a8sessing the risks of matertal mi%statenKnl in res￿1 of i￿egUla11￿eB, indudlng fr8ud arKJ ￿n-COmplian￿ wlh laws awKI regulatH￿s, was as fdlow3: we i￿ntified the law5 and reguL9kns apFAuble charitythmugh di5(xJssions man8g8n 8nd fmm our commercial knth￿edge experiBrKe In Ihe sector. we focused on sp8¢ific laws and r¢gulatiorts we I￿sidered Thay have a direcl mater181 aff￿ on the accounts or the weratK)ns of the d)atitak4e c(ffi￿Y, induding the Charities Act 2011 atyl th8 Companies Act 20C6: we 8s8858ed the exlent of compliance wifh the and r8gU]at￿s K18ntff￿1 atx)ve tlyough making enquiries of mgnagement and inspecfry identiffied laws and regulatK)ns ￿re ¢CmnWnirat￿ ￿thin theaLMJilteam aNI th&t8am r8mawMI alwt lo insla￿S of non-cornplk4￿ thmuglKXrt the audiL

SCHRODER CHARITY TRUST Independent Auditor's Report to the members of Schroder Charity Trust (Gontinued) W8 assessed Iho susceptbllty of thg tharitthe pJrnpan¥8 ￿lun18 to mat8riat mi88tateTll8Tht, ir¥ALxlit obtsining an understsnding of how fraLvJ ffl￿h1 OL¥)Jr, by. m8knng ellqume8 of Tr￿￿￿J￿rY￿t a8 tovA)ere Ihey cortshjered there was S￿￿p11￿￿1￿ to fraud, their kr￿￿dg0 of 8¢Luo1, 8U8p6(a&l and 8118pl fr￿d,. and Cons￿ering the irtsThl wntrols in pe trj milloate risks offraud and ￿n￿orr￿lar￿ laws and reoulaticfj& To ￿￿lesS the risk of fraud thrnL¥ manag8Tr.8nt bkgs 8nLI oveThid8 ofconlTt>l3, w￿". parfomiwj analy1￿1 FK¢yxlurf Io Kkntsfy any unusual or￿8x[￿d reLatI￿sh￿￿.' t&st8d journsl entri8s b) idantify Unusu￿ transa¢akn)s' asgessed whethèr and 8￿Mp￿nS made n deterM￿lThJ ts acoJJnlir& 88timatss sel Ixrt In the accounting polK¥gS w¢ indifjati￿ of PKthitid bias., invesbgated the rationale behind &unifi￿1 or urw8u81 In r6sPOll58 tD th8 r￿k of irrewlaribes a￿1 n￿MplaI￿e wlh la4¥5 and wulatiDn5. (spJn pro¢durtts whi¢h Mclud￿, t￿1 not lim(ted ts): agreeing financial 5tatwn?nt di5dOsu￿ to siywting d(￿menta￿,. roa(JlTrJ mlnutos rf mogUrvJs oftW ￿ed ¥Ath govgmarTh,' enquffing of managwnent ask> ￿Ual Futilh31 Itbg8trJn d￿rnI. Thgro arg inhewl limila1￿[¥S in wr a￿lit procedu￿$ de%riLul aiM)ve. The nxjre remved IhBI laws ard gul8tions 8r8 from finènu81 transactirms, Iho likdy rt is th8t we b8¢oN￿ aware of nor complianc&. Audiong standards also limit the a￿lt pr(Kdurès rèqulrèd to klenufy mn-cornplia￿e wlth Iw4.s ond regulations lo enquiry ol the tru8teg5 arKI tho inwlKY) of reguklory olld legal tLYrespond9￿e. any. Malértal rrHSSt8teThEnts that arlse du6 to fraud C￿ be hartsto detoa Ihc6e that arise frDm error a5 ihey may invofve ddiberate ojnowlrnenl A further (kscxlplfon of ￿pon￿bill￿ for the of the finarnial staknents is loGatÈd oft I FinanciBI Rewrling CouThufs ￿￿te at w•M.frc.org.uk'aLpait¢)ysrew￿II￿.I(aes. The desLYiplon fom part of ourAuditorfs r8ForL Use of our report This r8POrt Is mada scAdy to Iha tharitable o)mpanl$ mém￿lS. 8$8 IKNty, in with Chaplèr 3 of Part 16 of Ihg cC￿pan￿$ kt 2006. Our audit y￿rk has Ixen urKJwtaken 50 might *ale to charitabk company's membws tfvxe matters we ar8 19quir￿1 to state to ttHn in gn ￿(lItOrS. rpport a￿1 fLY no other wrty)Sg. To the fullgst extont ￿￿￿￿tIe¢j by law, we do rrfjt a¢x8N CY as8umg rgsponsibility to anyone othèr Ihan the Charita￿ ¢xxnpany and Ib members. as a bcty. for ￿raUdIt worf(, for this rewrt. orfor the oFMv￿nS we hwe fDrrned. All¥n ￿￿kie 8Se FCA {S￿￿)r stattrttyy 8￿J11¢Y) Forand on LWof UHY Kent LLP Chartered Aco)untsnts and Ststutsy AIMliiGY8 Tharnes House. Roman Squwe S￿in￿b0urnO. KenL ME10 4BJ Dat&. 24 October 2023

SCHRODER CHARITY TRUST statement of financial activities (incorporating an income and expenditure account) for the year ended 31 March 2023 2023 2022 Total lunds Not&s R•strlet8d Unr•strfet•d funds Incomo from: Investments 571.n6 511,738 58A),S55 Tot 571,736 571,736 s￿,555 Xpgndlthro on: Raising funds- Inv&stment manogorfees Charttable 2,319 577,126 2,319 577.126 Totsl 579.445 457,449 Net lexpendlturgvlncome befove losses on Investments (7,709) 17.709) 103.106 Net losses on in¥e5tments I1,￿3.551> 11.693.551) 11,178,261) axpendlturo mov8m•nt In funds (l.701.￿oI 11,701,260} 11,075,155) Fund balances brought for• 14.500,838 14500.838 15,575,993 Fund balance6 carrfed forward 12.799,578 12.799.518 14,500,838 l of th& above rssulL8 are derfvéd frrxn (thlnuing th889. Thèrè wwe no other rectsjnts￿ wns or losses other ihan those ststed aix)ve arnl tsrefDre ttrv)se staled Bbove reprgsent lot4 wmpr8h8n8ive IncThn8. Ihe notes on pagg 12 to 19 f￿rn part off1￿￿ ststernents.

SCHRODER CHARITY TRUST Balanca sheet as at 31 March 2023 Not08 2023 2022 Fixed assets Investsn¢nts 12.44W8 14.169,018 Current assets Debtors CaBh at bank aNI In haNJ 10 354.196 38.eQ4 349,098 9.137 392WO 136,0641 368.236 {26,4091 Credltors: Bmounts due within 1 Ngt currnnt ass8ts 358,736 331,826 Ngt a￿￿ts 12.799.fj84 14,500,844 Financèd by: Shar• ¢apital 12 Funds un￿31￿Cled funds 11rn.578 14,YJO.8S8 Total fund5 12,T99.584 14,fLIO,844 These fil￿n¢t81 statements h8ve bw) li aQxjrda￿ V￿1h the Spcfial tKovkstyJ$ fw small companies undor part 15 of the Companles Act 2W6. Appro￿1 by ￿ threckys 8nd auVKJrSsed rmll S￿¢ aThJ their behalf by: Timothy sthr￿￿er Dlrector RegBtwed ts)mpany nurr)8r 386771 Thè on pgge 12 to 19 f(m port01 these finarKi?1 statemen1& 10

SCHRODER CHARITY TRUST Statement of cash flows for the year ended 31 March 2023 2023 2022 Cash )lows Imm op•ratln9 4¢ti¥ltlos: Net cash used In operatlng a¢tivltl•s lal (5T4.88BI 1494,463) Cash flow8 from Investlng acti41118s: Dlvldands, interest and rents from ￿Yest￿ P[V￿ed8 frorn sab of investments Purchase of investments Ch8ng& in investsnent La 531314 11917 (13225) 71.349 s￿,965 16,897 118,5271 174,4901 cash provl(d by Invtstlng activit 604,355 447,845 Chang• In eaih and cash eq￿valents In the Tr￿￿ng period 29,467 146.6181 Cash and cash equh8bnts atthe b&inning ofth¢ ￿{￿￿￿[va WKXI {b) 9.137 55,755 Cash and cash 4yivalents at the end of the yiod (bl 38,604 9,137 (#) Recondllatlon of nqt Income to net cash flows from opernting actlvllles t expenditure for tha raporting perlod {1.701.2￿) 11,075,155} Adjustments for. Losses on kw&strnBnts Dividends and Intérèst invgstmenis Increase in dabtors Increasel(dg(Toa8el in u8ditors 1,693,551 1571.7361 15.0981 9,655 1,178.261 1560,5551 124.3921 112,6221 Net cash used in operatlng athities 1574.888) 1494,4631 bl Analysls of cash and cash equlTrnlents Cash in harnf 9,137 Total cash ar￿ cash equlvalents 38.604 9,137 Icl Analysis of thanges In net debt Nonthcash 2022 Cash flows movem•nl 31 March 2023 Cash and wh ¢qiiwalewts 9.137 29,467 38,604 The notas on page 12 to 19 fonn part ofthe8e ￿4￿la1 State￿ts. 11

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 General Infornmtion The SChr￿jer Chartty Trust Fs a charitable (XYM￿nY r￿￿Sle￿I in EThJland Wdes Icoryjany numb8r 386771 and charity number 2140501, ryN8mad by IL5 MertKxandum ofAssocith"on. The wistered Offi￿ 1$ 81 ￿vIngknn Street, London. EC2A 3AY. Thg annuJ slatements are prepared In sterfing, being Ihe JndK)na currency ofthe entity, and have been Kxjnckd to the nearest p￿nd. Principal aecounong policies Basis of accountlng and wlng wi¢wn The financxal staternenls have prepared undw the historical ¢x)st conventi￿, as modified by the revaluation of fixed 8SSÈt investments, and in ￿￿ordanCe with the Statement of Recommended Practica.. knounting and ReFJtiThJ by Chaiitses prewing tr￿1r acC￿ntS in a￿rdance with the Fin3n(aa Reporting Stsndafd applicable in the UK and Republ￿ Df Ire[a￿l IFRS 1021 leffedive I January 20191 (Chartbes SORP IFRS 10211, the Financial Reporling Stsnd8rd apo￿19 in the Unltad Klngdom arKI R￿￿4￿Of Ireland IFRS 102), the Chariti88 Act 2011 and tho C(xnpaThes Act The T￿￿t ¢JJn8tits a pubk be￿fft enbty as ￿rMed by FRS 102. Th8 prep8fdllon of lh8 fina￿￿81 statements requlres the directors to make esl¥T]atgs and a&sumptions that affèct reported amounts of revenu85, eyFen5es, assets and liabilities. and the disdo3urg of ￿￿tIng¢nI lia￿lI￿eS at the date of the fir)ancial staterrents. If in th8 f￿r6 such eslimates and a&$Umpti￿$. %thich are based the dirthrs, bèst judgémènt at th6 dat8 Df th& ffinanrial statements, dDvwle from the achwl (ar￿￿￿tan¢￿￿, th8 origin81851imalo5 and 8&8umptions will ￿ m(Kllfi8d as approprRte in the yew in whi( Ihe arcumstanc85 chang8. rgcltKs' 1X￿ld￿that th￿e are key s￿￿rceS ofestiry￿t￿n uncertainty 8nd that there are no material uncertainties over the Trusfs a￿lIty lo continue ay 8 gL)ing concom ft)r thg fore$8eabl futum, ￿Ing 8 peiicxl ol at least 12 nK)nths from the date ol signing fhe finan(aal statoments. bl Incame Incon￿ is on a r￿¥￿e t0SÈS. InU)n￿ rac8fv6d tyway of donaions and gft awj is indUd￿j in fvll in the Slat8menl of Financial Acbwties vth8n ra￿Nable. I￿oMe recei￿dbla frcffi Grfl fvid daims is reLxjgn$￿ Nvhen the daim had submittgtj. Invesbnent kKome Is cxethted gross to the Statement cl FiiarKaal ActivTb"6s on Ihe datg il becomes P8y8bla. Expenditure Expenditure is r8cyJgnised in th& in Ihay ar& incurr&l. Expermlilure indudas attributab￿ VAr￿1th C￿nft￿ ￿ r8c¥)v8￿I. Expendibjre on raising fuThls indudes fs ￿11th are calcuL2ted quarterly by CazerKrye Capital (ts investl￿nI TTrgrwI 1Th￿￿jed in ¥iv&8tmnt m￿gar fees rm a payable bws. Expenditur8 on ¢haiitsble inchjjes tharit4e g￿t£ administralon ¢>)sts and g)vernance Charrtable grants arg Charg￿ lo the Statement of Financial Acbv(lies when approved by the directors ar￿ ￿dit￿Th on the T￿{￿ent have been Olher expeThJiture is PrO￿ed on an aLxruals L*si8. 12

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 Prfnclpal accountlng pollcles contIn￿d Expendlturo (contlnwd) Administrat￿n ¢JJsts (￿sIst of day-ts>day a(kninlstr8tton of ￿ Trust's affairs as carried out by staff employed by The Fthndalknn. Thè ujsis 8re r8tharged to Ihe Twst based Ihe levels of actiity ofthè ch8rity. GovemaThx cos18 charywj in th&s8 51aletngnts i￿JUd9 audit[￿$ rgmU￿ratIon and other compliance ￿￿tS impwd by Ihe reqiirements ￿￿8rrtse$ I￿ls[all0n. dl Gainsnosses cffl invostm¢rt 8ss•ts All gains ar b8S8s are tak8n to Ststoment of Financial Athties as they aris&. Unrealised gains and losses on investrrenl assets represent the d11feren￿ betsveen their fair value at the Bnd of the yew and their fwr value at thè b8ginning of the year, or transaction value if acquired during the yè8r. Re4i8ed gains k)S￿ disky)sal of inveStm￿t assets represent the difIe￿r￿e bgtW88n Ihg 5810 proc99ds and far ￿ue at ts bwMin9 of the year. or Iransactton value If acquired during ts year.. Taxatlon The Trust is a registerl ¢off¥)8nY￿d chaity th8ftX8 is N)t liab￿ frx inenme lax or C4Jrporation tsx on Incorr￿ d9rvgd fn¥n its (arilaNo as it falb withln the various 8xemplions availa￿8 to registeted ¢arlbes. Flnancial instrumonts The Tmst onty has finarK(al assets aNI firtan(aal li8blitie$ of 8 knnd t￿91 qualify 8$ thanclal instnjmerrts. Basic finarKgal instwrnents are r8wJniwJ al transaction valuB ￿K1 subwuenly nEasured at their Setuem￿I value. gl InvesJnen￿ are a f￿rn of baw finarKxd v)slJumw)I afy inthlly 81 thgir Iransaoti(m value and •Ugnlty.measur￿I 8t th￿r f￿"[￿￿1￿ as al the balan¢x sheet date yskng Ihoir dosing quoted market piio). Roaliwl arnl uweali5ed gains ¥nd losse$ are sFM)wn in Ihè statement offinanoo14ctivities iogether as rt gairts revaluation and diskTh￿S of inve8tsllenl assets. Invesknents hdd in the cash IKruidty kndsare das￿￿1 within current assets. Thè Trust does not ar4uire put derivatives C￿ other financHI instwments. Tho mairk ft)mi offinanaal risk bythe Tnjst is that ofvolatility in the inve5trn8nl mathets due to Wtder economic cr￿ditIOns, the aitrbjde of irNestors to investment risk and Langes in senlirnent ¢oncemkng ￿llIbaS and wthin patti￿lar sJrs 0fsub￿eCtOrs. h} Debtors Debtors are recyyJnised inrbaty al farvakne. Subwuent lo initial rewgrwl(￿ Ihgy measurgd at I￿￿tiSed c05t Using Ihe effwth Itte￿st ffleth(xl, impairment h)5se8. Cash at bank and In hand Cash and r2sh equNalenls ￿L$t ofcash on hand and brwx8 with banks, aNI Investm￿ts in mon8y market instnmients vthith are readity O￿Verbble. being those with Thigind maturibes of thrèè rrA)nths or less. Crethtors Creditors are recoJnised initially at fair vJu&. Subsewenl to inilial re(X)￿lb0n th￿ 8r8 mèa8ured at aTr￿tiS￿ wng the effe(kne intere8t.rthcMJ. kl R£strlctod fund5 Any reslrKled funds be used fur th8 PUryK)se5 laid do￿ by the dorK)r. Exp8nditur8 wh￿h meets their c￿tella is tharged lo th8 fund togethw with a alkxation of managernent aNI 5UPPQ¥t (xbsts. 13

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 Prin¢lpal accounting Wi¢i¢ts ¢ontinu•d Unrestiicted fvnds Unrestrided furwjs are donali0r￿ imstment iw)m& and 0￿￿rInc￿￿nln9 r8sourc8s re￿￿vable or génwated for tha oEiè(ts oflhè charity. Thè g6n8ro1 fijrnl th&rth￿ rxJmpris6s those monias vthich may be used t¢ywards m$8b"ng th&itaile obFcbves of the TrL￿1 at the discretion oftho diroctors. Investsnent In¢om• 2023 2022 Dimdends Bank interest 560.548 2.350 S71.736 5eK),555 hjl incorro r￿￿Ved in both 2023 aTrJ 2022 were in respect of unr8stri¢ted fvnd& Ralsln9 funds- ¢osts 2023 2022 IrNestm8nt ￿￿najeMent costs 1319 2,459 2.319 2,459 hjl L¥Jsts in both 2023 and 2022 were ￿ rospwA of unr￿7&￿1 funds. Charltable actlvlUos 2023 2022 Charitable grants {ThJte 6) Adminbstration GOV￿nCe 512.300 S7.$31 7.295 399,400 49,452 6,138 577.126 454,990 AJI costs IWVAJTrwJ in ly)th 2023 2022 We￿ lli re4*¢1 crf unreslrthd funds. 14

SCHRODER CHARrrY TRUST Notes to the financial statements for the year ended 31 March 2023 c￿ltable grants 2023 Alado to instltuttons: ADHD FouncJatiDn Afasi¢ Afrfcan Chlldren's Fund Ltd Age UK Bath and NrAth East SOme￿et Limited AJwe Activiltes Ltd nwiL Dislricl Playhouse Trust Amazon Charitable Tr￿t Ambulance Staff Chaiity, The Ampney Cruus Par0th1￿ Church COU￿ •Wollo Mu%c Projects AJt Against Knives AJttJx London Jts 4 Dementia Autist￿ Miryjs Azalea Bail for Immlgratlon Dthnees 81￿kmOre Vale Charity. The Blind in Business Trust Irxjmin. Arts Limli ed Boccka EThJland Limited Brass Bands EngLand Breaking Barriers British Youth Opera Buglif8- The Imi8rt8brata Colw￿l1￿ Tn￿1 C8ritBs Ukjxine Changlry F￿S Chelsea Old Church P.C.C. Chitheslar Dh)cesan ￿sc￿lati￿ kn Famity Sutwt Wuk Children's LIt￿aGY Charity. The Chisvitk HcJse and Gard￿$ Tr4Jsl Chrorna Clwrch City Gate C(xmmunity Projects IFareShare su￿￿ & Surrey) Comryts)ty Voluntary ACtf￿ LÈdixJry 8 DistrK Crown s￿1 Mamr Boys Club, Hoxton Cruse 8ereavg￿nt Carg &x>Uand Deep IAfri¢al tkjmeslic Abuse Volunt88f Supwrt SeJvi( tkK)rstep Llbrary N8twork Oown*d8 SottierYwL The Earth Trust East Herts cr(Eens AIfvKe SeN Eastside Cornmunity Twsl ECPAT UK Fmeoe 3RS Endom8triosi% UK Euan's G￿de Fattns for City Children knmiled Final Stsaw Foundation Food Chain (UK) Ltd, Fuel Bank FOUr￿lat￿n Future Gwing World Goldsmith& UnIve￿ty of London Great Westem Ar Arnbulan￿ Charity Habitat fy Humanty Great Brllain Hair M￿n Yiwng Peo￿e'S Theatre Unw Hands Ckn LL￿￿on Hom&Start Bristol Hourglas8 (Safer Agelng) Inter Care Ltd C•rriÈd forward 3,CQO 4,￿0 5,(XJO 4,000 5,000 5,000 1,000 5,000 s,000 3,000 4,000 4,000 5,000 2,500 5,000 5,000 5,000 25,000 1.000 4,000 2,500 5,000 3.000 5,000 4.000 4.000 4.000 4.000 4.000 5,000 5,000 1,3 5,OC 3,0 25,0(K) 3,0 5,OtK) 5,orx) 5,0(YJ 5,000 5,OLK) 5,OCX) 4,OLK) 4,OfMJ 5,OfXJ 290,800 15

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 Charitable grants Icontlnued) 2023 Brought foThvard ISlar￿ House Cornmunity Centre Links Inlemab'onal Trust Listening Books L&gtÈning Pl8eÉ, Th8 Little Gr8ell Pig Little Quse Headwatefs Proiect Lullaby Tnrst, The Manor Community Tr8n$port M8ry E40s8 Twsl, Tho M9ylreg Roswlo Centro, The dalr UK Mlgratsful oira AnderKJn FrAJrKlatx)n. Music of Lile Fcwjndatic Nalional Eneryy A(IK)n New Brewery Arts Ltd One25 Lknh8d Cxjr Tim Perkisound CIO PIM1￿ Lera Play Action Intemalk)n Posithve East Prison Radio Asswal Priso￿T￿ Abroad PriSo￿r$. AdvlcB Service PrtsJrèS￿V8 Fwmiffj Trust Ltd PumpAid Puttchdrunk Enrfchment Linjb Read for Good Refugee Educats'i￿ UK Richmond Goc¥d Nebjh￿￿rS ppl8 Suidde Prev6ntion Chaiity Rising Sun Donwtic VK)l¢rKe & Abuse Service Royal Chapel of Al Sainls SAFE Foundation Snowdrop Project. Th& Solicitors Pro Bono Group Sophie Hgyes FCwr￿atl9n Spread a Smile Sl AndreW5 Church (Cury Rwel) Sl Andrews Club st Jude's unit￿ Chur(, Erobfiekl Gr Sunbeams Lonth)n Ltd Talking Money Toucan E￿￿0Y1￿enl Tourette Syndrome (UK) Associabon Trust Music UnsÈÈn ILJK) W8tfrJrd N8w Hope Twst W8 kn Grow Wintgrcomfort The H(KnBI& Youtu R(K)Is Zambia Orphans UK 290.8tyJ 5,000 5,000 5.000 5,000 5.000 2,00 5.QOO 4,000 5,0(X 10,CN]O 4,￿0 4,CQO 2,CQO 5,CQO 4,CQO 3.CQO 5.CKJO 4,Crf)O 5,(KlO 4,000 3,000 5,000 2,000 3,000 4,DLX) 1,OC¥) 3,000 3,000 4,000 5,OQKI 2023 total 512,300 2022 total 399,400 16

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 Net Inve8tment galn¥lllO￿3 2023 2022 Reali88d g8in8 UnrealiS￿j lo&sos 1.518 2,563 11,695.0691 {1,1PA),8241 {1,693.5511 (1,178.2611 Nat movament In funds Nel movemanl in knds ks Stated after chargitvJ: 2023 2022 Dire¢tor8' rgmunèraUon Auéilorfs remunerat as 8udi1or . fortax advtca 4880 5,400 The dir8(lors (¥￿5ider ￿[￿58fve$ 8rKI ￿ o)mpany ￿retary as coMw￿l￿j ￿ kgy management personnel of the TrusL Thero arg 5 w￿￿0yeeS Ith& directors). The dire(aor5 oJmpany Se￿etary ra￿l¥ed no remunerat￿￿ or beneffits in knnd12022: £Nill aThJ received Th) re1mbu￿eMent of 8xper￿S(2022.. £Nil). Thero were no employegs who r￿Unera110n excegJirvJ £60,0(Y). Investments 2023 2022 Market value broughtf¢)ThYd Additi￿S al wst tlsposals prt)(*gdg N81 bsses on disposals revaluations 14094,525 15,234,566 52.647 55,116 {13.91n 116,8971 11.693.551) 11,178,261) 12.439.704 3,144 14,094,525 74,493 PortfolK> cash by imstment manager Market value IAThi8d fr)￿ard 12A42.848 14,169,018 Historic rA)st carried foThYdrd 13,156.848 13,107, Inv¢stménts comts the followlng: 2023 2022 Equities Ilisledl Private eqLity 12.397.944 41.759 14,097,691 46,834 12A39.703 14,094,525 Debtor¥ 2023 2022 Divid8nds rvKNable 354196 349,098 354,196 349,098 17

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 11. Cre(Htors: am¢xJnts falling wSthh rm year 2Q23 2022 Ac(¥Lfdls 26,409 36.064 26,409 12. Share capltal Allotted, callèd up and fully paid Authorfsed Ordinary shwes of £1 each 100 Thg ordinary shareholders have no rtglts over the furKts of the TrusL 13. Analysls of not •8S¢ts botwèèn furnls-2023 s￿r# R¢¥trict•d Unr•strieted fun(ts funds Total funds Iwweslrnellts Nat currant 8$88ts 12,442.848 ,730 12,442.848 356,736 Net gS8ets at the end of the year 12,793,578 12,799.584 All funds held al 31 Marth 2023 wets unrgslrthl furKIs and all transacb0￿ in thts year 8nol8d 31 March 2023 were within unrestr￿1￿1 funds. Analysts of nel assets be￿￿en knds- 2022 Share captial Reslrica&J Unrestrithj funds funds Total fvnds Invèstments Nèt eurrènt awts 14.169,018 331,820 14,169,018 331,826 Net assets at ts erbj ofthe 14,500.838 14,5(X),844 18

SCHRODER CHARITY TRUST Notes to the financial statements for the year ended 31 March 2023 14. Rdatgd party tran8actlons Ms L K E Schroder and C L Frfzakn Huward we nM-exeoJlive rfjrectc￿S of Schr¢￿er$ pl¢, the ulb'rnale Par￿¢ ()mpany of Cazenove Caprtal, whK a5 Investry￿1 fortha Charfty, and Sthroder & Co Ltd, %￿lch as bankers for Ihe charity. On 20 S•ptsml)er 2022 tho 61,(KK) or(fjn8ry WFVtAing shaw In Schrodèrs pk hdd by Schrod8Y Charlty Trust warè r&41ès￿n8t￿d as 61.000 ordinary shèrès thith fvll voting rights. The 338.832 ordinary voting $haros in s￿hr￿r5 hdd by SthrrKlgr (￿arity Trust Wgrp Subl￿t k) 4 Lvnus issue of 3 add￿onal ordinary shares for every 17 ordiTW shares hekJ by ￿Jinary shareholders. Thg Schroder plc's £1 ordinary share5 There then subdivid￿1 into new shares of ￿ pen￿ each. At 31 M8rth 2023 the ch￿ty holds 2,298.129 ordinary vot¥)g shares in s￿r￿lers pk ith a of £10,571.39312022'. £12,118,862 total valuè of ordiny votw)g arKI non-vth'ng sh8resl ropr688nting 85.0%12022: 85.5%) of Iho total valug of the Schrodfjr Ch8rity Twsl i1west￿nt wrtfolK). ofthe dlr8Ctm. C B M8llinekn)dt Ntrs C L Filolan HowaA1 and L K E Sthrod8r, ar& ￿$0 trust&as of Th8 Sthrodw Foundat)n. DurirKJ thè ￿arTh Sch1￿@r Fotsndatim made B charg& to tha charity 01 £47,211 12022.. £36,204) n resp*ct ￿ ackninistration aThJ accountsncy seryictss provKlgd durir¥J the year and £13 regardirrfJ G￿lpany￿S cxjsts. An arrK)unt of£28,2￿) {2022.. £18,923) 15 due to The Schroder Foundati(¥b at Ihe year e￿1. 19