Charity rwstrai>on number.. 214611 The Thorpe and Simon Trust Annua] Report and Financial Statements for thc Year Ended 5 April 2025 Pylof18
The Tborpe and Simon Tru$t Contents (coDtiDued) TnLStee5' Report Ito3 Ststement of Fiti8n¢io1 A¢tivities Balance Sheet Note$ to the Finaticial Sts1¢nllts 7t016 P•p2of16
The Thorye and Slmon Trust Tru$t¢es' Report The tru51ec5 preseTrt the u81 T¢pon tOther with the t¢rnents oftbe Charbty for the year ended 5 April 2025. Oble¢tlv¢s •nd attivides Objects Aims The obj¢¢tiv¢s of the Tnjsi are LO pay annuities w widows gzwj SPiDSttrs iti indigen¢ circulu¢¢I iti the City of Nottingham and Suonding arei. The Trustces confm thai th¢y have refcrred to The Ch•rity ConuniiiTron'$ general guidance on publi¢ benefit wheD r¢vi¢wn8 the Tnt'S aims ond objective5. in plAnning fvtwe a¢tivitics and settin8 Brant m&kin8 policies. Th¢ r¢li¢f of povcrry for the public benefit is met by the poyiixnts of atittuities to widows and spinsrm in indhs¢Dt circumstances. PMbli¢ benefit The truskes confinn that they have con)pli¢d with the requirrnts of section 17 of th¢ CThtritiei Act 2011 to bav¢ due Te8ard to the public benefii sd¢t published by thc Chtirity ComD]iSsion for Ettgiand and Wa]es. Flngncl81 revlew Incomc from lisi¢d iDV¢Stments to £16218. Resourcc5 cxp¢nd¢d for charitable a¢uviliu include total Annuitie$ of £9.8. Acwns fees of £4.800 which are Jplit cqually betw¢¢t) T¢sth¢ted and unre$tri¢ted fund5. Vtrwls mAngeIl fces of £2,996 which wa5 split £2.247 to ¢ndownnThi fjjnd and £749 to urwestri¢d fund. IDd¢i examinwl feel of £1,638 •n included iti 8overnance costs. Durin8 the year, a donation of £311,764 $ r¢c¢ived from dissolved H¢len Augusta Simon TrtL Th¢ volue ofinvestsy)ents is bd on varW v•luati¢)D rew as 5th April 2025. Poli¢y on rejerves The Tntstees nsIdered th¢ tts¢ry¢$ held by the It 5th April 2025. The ¢nts¢ needs reserves to erthle the d¢v¢lopllKnt of Ion8 terni aims as well 8$ e]rItiS the ¢ontit)uation of its current &ctiviiies, In order to meei their ruporL%ibilities, and that the trwt continues to operate on goin8 conccrn basis, the Tnlee5 have reviewd the requirclrtnts and risks faced by the tnt in both the short and medium t¢rnL To ¢oniinu¢ payTheDt of attnuits.es the Trtte$ aim b) esthbli5h a minirn level of unr¢stricted reserves wylv¢ll1 to 6 months of operatin8 Costs. The free T¢3 of the TTPl K the balaDce sbe¢i da were £58,136. The Tntst is T¢liant upon itivestment incoll to enable fu¢ur¢ impTht11 in uAr¢strictcd reserves. P88¢ P40•31¥
The Thorpe and Slmon Trust Trnstee5' Report (continued) Referen¢¢ 4Dd AdmiDikntive Det•lls Charity Registration NwDber: 214611 PrI1paI Offiee: CIO Actytk8 Solicitor8 4- 8 Regettt Street Nottillgbam NGI 5BQ RWB CA Litnhted Northgate HO North Gate New Basford Nottingkn NG7 7BQ Trusttti nd offietrs The trust¢es arLd offLcet5 serving dwing the year and sin¢¢ th¢ year end were a5 follovo.. Trustees: l D BeY JPUik¢ S M D)kiD {resigrd 8 July 2024) A Goodman (appointrd 8 July 2024) Structure? %overnn¢e ffjxll*gemellt Nothre ofxoverninz docymje The s¢heme was cr¢4ted UDder the will of Mrs HaDDah Type dated 2nd March 1954. It is governed and tnllnaged by the Tnle¢S in accordaDce the ¢onth"tions sei out ID the governing document. The Trust¢¢s have ¢xamined the principal areas of the Trusvs Ope109 aod considered the major risks faced. In the opitiion of the Tnte¢S th¢ TnLSt has esrablished tell5 to mitigate tbose risks to an acceptable levele. Flnifj¢lAi InstrntneDts ObjctYlve$ AndpI¢l¢3 The charity's activities expose it to a ttumber of financial ri5k5 inclthg cath flow risk and liquidity tisk Crtshfvw Flsk Int¢i¢st b¢aritig a&sets and liDbth"tiu arc held at fixrAI ratr w cTrsurc certaitity of flo. Pag¢ 2 Py4¥rf19
The Thorpe and Slmon Trust Trnstees, Report (continued) Credit risk The ¢lJarity's principal fmaneial dS5cts arc bank balan¢¢s and and invcslments. The crcdil risk on liquid fijrth is limikd bccause the couDwarfi¢s bth with bigh credit-Tatiw by inicrna¢ional ¢redil-raiit)g a8¢1¢s. Liquidity rls In order io mainuin liquidity to ensurt thii sutTicien¢ fiuth are I11&b]e for ongoing opcratioDs and fvttw¢ devclopmcn15. the ¢hariiy ¢nsur¢5 sufficieni liquid fund$ are held to cover thc fotth¢on)in8 yem o¢tivities. FuTth¢r details regarditig liquidiry risk bc found iti the Ststrment ol accountin8 policies in the finla1 siatements. StOtem¢nt of Truiieu, RespoDilbllltl I'h¢ mjstces arc responsible for preparing the knMieeg' report and th¢ fillancia] swemeDts in rdanC% with the Uniicd Kingdom A¢¢ountin8 Stsndudj IUDid Kin8dom Garnlly Accepted Aceountin8 PrtiCe) and appliubl¢ law and reguliiions. The law Applicable io chan'iies requires tht prepare fillawijl for each finwi•l year leb Bive a true and fair view of the st¥ie of affAif5 of the Charity and of the incomuw rewurces 8Dd appliution of r¢sour¢e5 of thc Charity for thai period. In preparing these futhn¢ial 8tst¢m¢nls, the trustces art r4uired 10.. 5cle¢t suitsble 8¢UnI1ftB policies Ld then apply them wn5iSt¢ntly: ob8etve the methods and prineiplei in the CharitiN SORP: rn¥ke judsements and ClmI1¢S th•1 arc rea)Mble Ind pnlMi' st&ie whether •pplicable acctsuttting swid8rds h•v¢ l)e¢D follort $ubje£t to Jny material deptt¢S di$cloJ¢d and explained in the flnanciil stsmeDts,' and prepare the fina11 gtst¢mcnts on the 80in8 concern b••iJ UDle88 li is inappropriate to prewme that the Ciwity Ill corttinue in busin¢ss. Th¢ trustee5 are responsible for k¢¢pin8 proper &ceow)ting record5 thai di5c105e with 8$Onable acar8cy at any lime ihe fmancial position of the Chariry and en8bl¢ theTn to ensure th81 th¢ financial ststements comply with the Charities Act 2011, the ChaTiU¢$ (Ac¢oun¢S and Repons) R¢gUlatiO 2008. and the provL$LQnS of the consiirntion. Thc tnjstecs are a150 responsible for $8f¢8uardin8 thc a5sth orth¢ C2wity and hrtte£ for thkinB Teasonthlc stCP5 for the preveniion and detection of fraud other irre8ulari¢ies. The tru$iee$ ar¢ responsible for the m&inienan¢e and int¢8rity of the corporat¢ and finarKial infOrnOn iD¢lud¢d on the charitable companys website. txgislation governing th¢ pr¢pArlots di8S¢rniDation of financial s*ments may differ from le8islaiion in oth¢r juri5dictioD5. Th¢ wmual ryrt approved by th¢ trultea of the CTity 00 7 July 2025 8TMI signed on its behalf by.. I D Ba8uley Tn1$¢ Page 3
The Thorpe and Slmon Trust Independeni EiamiDer's Report to the trustees ofThe Thorpe and Simon Trust I report to the Intste on my eXaMition of the aC¢OUT of The Thorpe and Sirnon Trust for the year ended 5 April 2025. RtspOIbUl1i ttd bath of report As the Chan'ty ¢N5tees of The Thoryy¢ and Sitikn)n Trust yyu sre resw)lblC for th¢ prep•r8tion of th¢ accourtts in accord¢ with th¢ reqUIrts ofthe Cknities Act 2011 ('th¢ Aet,). I report irt r¢spe¢i of my ¢Xamitioll of the The Tknrpe atml SitDon TrusV5 accouttts CrI¢d out under section 145 ot th¢ 2011 Aet attd in carrying out rny examination I hve follotd all the 8ppli¢&ble Dirtttions 8iv¢n by the ch8n.ry CottLrni5SiOD under sectiou 145IS)(bl of the Ac¢. Independent ¢MDthier'i ittement Sitice The Thooe and Simon Truses grou in¢ome exceeded £250,(KK) yow exAminff nwst b¢ a rnemlxr of 8 body listed iti secuon 145 of the 2011 Act. l confurn that l am qualified to urhdeffth the ex4minAtt¢)n because 14m a membcr of RWB CA Limit¢d, which is one of th¢ listed bodiu. I have complet¢d my exsrninatioL l eonfirm that no rmterid bav¢ cottte to nry attention in ¢ontte¢tion with the ¢x8miDatiort 'ving me U9¢ to believe thai in Any m8terial resptti: l. •¢¢ountiti8 record8 were noi kept in res of The Thorpe and SiDY)n Tn Is required by 5ecti¢)D 130 of the Act: or 2. the accounts do noi acwrd with recfjrth. OT 3. the aecounts do not con)ply with the a¢cowiiin8 requirements c¢)n¢eming the form and eortknt of ac¢ounts set out in the Charltses (Accounts and Reports) Regulations 2(K18 other than any requirement th8t the ¥eount6 give a'true And fair whi¢h li not • mitter nSidered of irMlepend¢nt exAminAtiOn. I bave no CODc¢nJs 4Dd ve come Kross no oth¢T matters in CODnection with the eXninOn to which attention thould be drawn ID this r¢port in order to enable i proptt undern8 of the aCCots w be re1cld. Nick Boll110 FCA RWB CA Limit¢d Northga Houoe North G#t¢ New Basford Nottin8hwn NG7 7BQ 7 July 2025 Pa8e 4 P•o•60116
The Thorpe and Slmon Trnst Statement of FInn¢fi Acdviiles for the Yr Ended S April 2025 Unrestrlcted futsds Endowrnent funds Total 2025 Note Income and Endowments from: Donarions and Icgacies Inv¢5mJent incomc 51,354 16,218 260.410 311,764 16,218 Total Lnconie 67.572 260,410 327.982 Expendlture ou: Raising fvnds ChAritsbl¢ 4Ctlti (7491 13,838 {2,247) (2,996) 16,238 Totsl expcnditwc Gainsnosses on invcstment assets (14.587) (4,6471 (5,929 (19.234) 5.929 Net income 52.985 249,834 302,819 Nei ny)v¢m¢ni in fun& 52.985 249.834 302,819 R¢con¢lllilon of futtds To¢al funds brouglLt forward 5.151 369,225 374.376 Tot&1 funds carried fonv¥d 15 58,136 UnrestArted 619.059 Endowment 677.195 Tot1 2024 No¢¢ InconK and Endowmtnts from: Inv¢sun¢nl in¢om¢ 15,376 15,376 Toial income 15.376 .xpendlture on: Raisin8 fund5 Charitable aciivities (548) {1,644) (2.1921 17.560 Total cxpendiiure Goin]0$e5 on invesuneni assets (15,7081 (4,0441 34 (19.752) 34 Net CKpcndilur¢ Gross tran5fcrs between fillids 1332) (4.078) 4286 (4.410) Net moverncnt in fwLd5 3.954 {8.364) (4.410} Retonelllotlon of fuDds Total filuds broughi fonwd .197 377,589 378,786 Total filnds caTTied forward 15 5,151 369225 374 376 All of the ChATity'$ a¢iivits"es dcrive from coDtinuin8 opcratiODS during th¢ abov¢ two p¢ri(th. P4g¢ 5 P¥•7o118
The Thorpe and Simon Trust IReystration number: 214611) Balanee Sheet as at S April 2025 2025 2014 Note Fixed ets IDvesrm¢nts 618,836 366,492 Current 8ts Debtors 12 13 4.951 55,048 3,685 10,560 59.999 14245 Credltors: Amounts fMing due wi¢bln one year 14 1.640 16,361 Net current $ts 58,359 7,884 Net auets 677,195 374,376 FuD4ts ofthe Charity: Erydowrnent futs 619,059 369,225 UDregtrl¢t¢d intome fuDds UDTestricteAI fi]nds 58.136 5.151 Tot1 fvnds 15 677,195 374,376 The financi statern on p8g¢5 5 to 16 were approved by the Ij attthorised for issuc on 7 July 2025 and signed on tbeir behr by.. 6agol£¥ l D Baguley Trt¢¢ Page 6 Poos8d16
The Thorpe #nd Slmon Trust otu to the nAncIal Statements for the Year Ended 5 Aprll 2025 l Accountlng polkles SI4¢ent of ¢ompllttce Th¢ financial 51aicments hav¢ been prepar in acrdance with the s¢¢ond edition of th¢ Charitics Statcmcnt of Recomm¢Dded Practice issued in Odobcr 2019. the Financial Kcwrtin8 Swthrd applicable in the United Kmgdom and Republic ofireland IFRS 102} and the Charities Aci 2011. B$ls of pr¢par8tion I'he Thorpe and Simon TrLL4t meets the d¢finilioD o( a public brn¢fit eDthty under FRS 102. The ieeounts (finan¢i81 sial¢ment5) have been pr¢paTcd under the historical cost ¢onv¢niion with ims re¢ogDits¢d at eost or tran$tion value unl¢s$ othcrw75e $tad it) th¢ relevani the8¢ accounts. C>olng contern Th¢ tnLStees coniid¢r thai there are no mawial wxcefiaintie8 al1 the Charl9 ability to cotttinue a8 a 8oin8 con¢¢rn. lo¢om¢ •nd ¢ndowmetsts V£)luntary incom¢ in¢ludin8 donaiions, gifts. legAcies and grants thii provide ¢¢)r¢ fidIng or aT¢ of a 8cncrnl nawre is r¢¢0)sed when the Charity eniidem¢nt to thc income, it 15 prnbable th•t th¢ incornc wryll be rec¢ived and the amouni Can be rneasured suffleI reliability. Don4tionJ 0Md lelocles Donation5 and legacies ar¢ reco11¢d on a rx¢ivabk basis vthen reeeipt is probjblt And the anN)unt be reliably measured. InvestheI Income Iniere5t on fiu)ds held on deposit is includcd when receivabl¢ and the wnowht be me2wT¢d reliabty by the Charity: thi5 is nonnally upon notificatson of the intCTest pwd or payable by the b8nk.Dividends are reco8nised 0e ¢he divid¢nd has been de¢lu¢d and LKtiific•tion beeo received of the dividend due. Expendlture All cxpcnditure 1$ reco8ni5cd on¢¢ there is a legal or ¢onstructive obligation to thai exp¢nditurc. it is probable Titiilcmcni is Tequjred and the amount Can be mctsured reliably. All co$ts are allocatcd to the applicablc exndi1wc hcodiDB that aggregaie similar costs to thai category. Where costs ¢aDDOt be dirtlY attributcd to particular headings they have b¢en allocated on & b&8is consi$iettt witb the wc of resoue1, with central stsff costs 8411oc4t¢d OD the basis of lime 5F¢ni. and depreciauon char8es #110¢4ted OD the portion of the asset's us¢. Other suppon ¢05ts are allocated ba5cd on the spread of stslTGo$ts. These are ¢ostS iDcurred in aLtra¢ti08 voluntary iti¢ome, the rn•werent of inveswts and those incurred ill trading activities that raisc fill$. P8Be 7 111 PwD9d11
The Thorye and Slmon TThst IYot¢s to the Finan¢l21 Stltements for the Year Ended 5 Aprll 2025 (CODtillued) Ch4rit4ble expenditure Comprises those Costs incurred by the Chan'ty in the delivery of its activities Bnd services for its beDer18r1. It includcs both Costs that be hllornied directly to sh activities and those costs of an indirect nature necessary to Support them. Gramiprovlslons Provisio for 8Tants Are mad¢ wlmi the inwition tts make a grant b&% been eommuni¢atrd to the recipient but there 18 un¢ert4inty about either the timiD8 of the ¥ll1 or the aTwuni of 8rnnl payable. Support colts Support C05t5 include cetthl fitDCtions knv¢ been allocated w activity ¢08t t¢s0n¢8 on a basis ¢oDsisni with the u8e of r¢sources. GovernAn¢e ¢o•ts Th¢$¢ include the costs attribu¢ablc to the Charity'5 ¢ompliance with conslitutional s¢4tutory requirements, it)cludins awli4 strAte¢ t)w)aBemcnt and trustees meetinBS and Teimbursed expense5. T•xatlo Thc clnty is consid¢red to pass th¢ tests sct out in P8rnpph I Schedule 6 of the Fitmnce A¢t 2010 and therefore it m¢ets the definiiion of a charitable COrnPAny for UK COTporation purposes. Ac¢ordin8ly, the Charity is pot¢ntially exempt from uxation in respeci of incollK or capitsl Bal received within catC8ories ¢ov¢r¢d by Chapicr 3 Part I l of the Colporntion Tax Aci 2010 or S¢ction 256 of the Taxaiion of Charg¢able Gain5 Act 1992. to the extent thii $wh income or 8thiti9 •r¢ 8pp]ied exclusiv¢ly to clwitable purpow. Flled AgJ¢t Inveitments Fixed a35Ct invc5tmrnts, oth¢r than pro1ftne rel•trd itivesiments. •r¢ included &1 morket value •t the b418n¢e sheet date. R¢alis¢d 8aiL8 and losses on investments are calculated as the difference between $8le$ procecds and theiT mArkei vu¢ at the St of the year. or their subsequent cost, and are ¢haTg¢d or eredited to the Statement of Fill11 Activiiies in the periLwJ of disposal. Ullrclllised gaiJL8 •Dd Ioss¢s Teprcni th¢ erneDt iti markel valu¢5 duritig th¢ are eredited or char8cd io the Statement of Fina181 Aetivitiel b•sed on the nwket valu¢ at the year etsd. C&sh and cash equivalents comprise on ull deposit& And other slK)rt.terni higb]y liquid inve51ments th&t ¢ readily coDvenibl¢ to a known of athl are subje¢E to insigtiificant risk ofchaw in Yalu¢. Fund str•tture Unr¢stricted income 8¢o¢r•l fillth that aTe avai14bl¢ for at the trusttts discretion in further¢¢ of the objcctiVC5 of th¢ Charity. Pa8¢ 8 P4pg 10011
The Thorpe and Slmon Trust Notes to the Finoncial Statements for the Year Ended 5 Aprll 2025 (contiDued) 2 Income frorll donxtlons and legaciu Uttrestrl¢ted rundi General EDdowmetst fyndj Perman¢Dt Tot41 lldg Donations and legacies.. LrgaLi¢s 51.354 260,410 311.764 TotAI for 2025 51.354 260.410 311,764 3 Investment income Ullrestrltted fundi Cene Tot 2025 Incorne from dividellth; Dividends receivable frotn other listed inveskneots Intrresi receivable and Slnlllar m¢ome- Int¢r¢st r¢¢¢i¥ablc on bank d¢p05its 15,784 15.784 434 434 16,218 16.218 Unrestritted runds GenerAI Tot*1 2024 Income from diNrydend5.' Dividends receivable from other listed inVesmts Int¢r¢st rec¢iYabl¢ and Similar income.. Interest receivable on bank deposits 15,022 15,022 354 354 15.376 IS,376 Pttge 9 Pw11rf1B
The Thorpe and Simon Trnst Notes to the Fin2nelal Statements for the Year Ended S April 2025 (contiDued) 4 PeDd1tre on ralslne Imn •) IDveJtmeTht tywthxgetst costs UDrestricted fuads Getterl EndoH'meDt Total 2025 PerDllent 14ot¢ Other investment rnaDagemeDt Costs; Other porfolio managcmcnt costs 749 2247 2,996 749 2,247 2.996 UDr¢stritted Endowment rund$ Permanent Totsl 2024 General Note Oth¢r portfolio management Costs 548 2,192 548 2,192 5 Expendlture OD ebaritable •¢dvltles UDrestrlcted fund$ Gellerl EndowDWllt fund$ Permrtent Totsl 2025 Grants to individuals Support ctssts allocated 9,8( 2,4 9.8(X> 4,800 14,600 2,4(H) 12200 2,400 UDrutrl¢t¢d Endowtttettt runds Permanent Tot81 2024 GeDer*l Grants to individuals Support costs allted 11,2(Xl 2.4(Kl 11,200 4,8(K> 2,400 2,4 13.6(M) 16,000 Page 10 P1218
The Thorpe #nd Slmon Trust Notes to the Flnydncial Statements for the Year Ended 5 April 2025 (¢onilnued) 6 An8lysb of governDct aDd support eosts Ch8rltabl¢ aetivltles expendlture Unrestrlt¢¢d funds General funds Pernunent Total 2025 B19 of alloratiots Administrative fees 2.400 2,4(M) 4,8(K> UDrtstricted funds G¢nenl Endo'ment fvnds P¢rmnent 2024 Basts of ailoct60tt Administrativ¢ ftts 2.4 2,400 4,8(Kl Ba515 of allocatlon Refertnce -method of •llo¢atlo AdmLnistrativ¢ fees Allo¢atson of administrative timc is b35¢d on time SPCDt ¢)D cach o¢tivity. GovernAnce costs Unrestricted funds T&¢ 2025 IndeIK5¢t exami fees Examination of the firwJcia] ststennts 1.638 1.638 1,638 1,638 Uttrestrlcted futtds Gentral Totsl 2024 Indq)endeni ¢x2miDer fees Examinaiion of the finaDcial S¢ 1.560 1,560 1.5 1,560 Pagell P49A 13d1B
The Thorpe and Simon Trust Notes to the FiD#nci21 Ststements for the Year Ended S April 2025 (contlnued) 7 Grant-maklng Anatysis ofgrAnts Grants io Indlvidllals 2025 2024 Allaiyg19 Anttuities paid 9.6(KJ 11,200 8 Truste remuDertlt)n and expen No ttwtees, nor any persoTrs conDeCted with tlxen4 have reccived any remuneration from the Charity during the y¢ar. No trte&S have received any Teimbursed expetL8es OT 3Dy Other benefits frorn the clwity th]nttg the year. 9 IDdependtnt eumitier'$ remunerxtion 2025 2024 Examination of the finan¢ial statemetts 1,638 1,560 10 Tx#tioo The Charity is a ttgistered charity and is therefore exempt frorn taxatiorL 11 FiIed 455et investmtnts 2025 2024 618.836 366.492 Page 12 14 of 18
The Thorpe and Slmon Trust Notes to the FinaDclal StalemeDts lor the Year Ended S Aprll 2025 (continued) Other Investments Llited Cash depoilts To¢AI Cost or V8luAtlon A¢ 6 April 2024 R¢valuation Addiiion5 Disposals 365,712 (16,087) 567,631 (303.408 779 366,491 116.0871 567.631 299.199 Ai 5 April 2025 613.848 4,988 618.836 Iyel book value A¢ 5 April 2025 613.848 4,988 618.836 A¢ 5 April 2024 365.712 779 366,491 Thc historiral ¢o$i of th¢ invcstments as ai S April 2025 £612,382 {2024.. £355,710) which i]1¢5 £256,672 Iran5fercd from Helen Augusta Sin¥)n Trusi. 12 Debtori 2025 21124 Other debtors 4,951 3.685 13 Casb And ¢•sh tqytVAlentJ 2025 2024 Cash at bank 55,048 10,560 14 Credltors: amoyn¢s falllng due wlthln OD¢ y¢*r 2025 2024 ACcnlS 1,639 6.360 P•g¢ 13 15d16
The Thorpe and Simon Trust Notes to the Finan¢io1 Statements for the Ye8r Ended 5 April 2025 (continued) 15 Funds Other recognistd g•Ill{lo$Se8) Balance at 6 April 2024 In¢omin% rewur¢ Re$ouree$ xpended Blgnte At S Aprll 2025 Unrutrlcted fuDdi Gemerol General 5,151 67,572 114,587) 58.136 EDdowthent fulld8 PermaneRI Permanent 369,225 260,410 (4,647) 5,929 619,059 Total fuDd$ 374,376 19.234 5.929 677,195 Other reco%nlstd gAlns1{losseJ) Blnee at 6 Aprll 2023 IntothlnR r¢Jources R¢iourte# exp¢Dded Tr4nsfe Aprll 2024 UTtrestrkted funds Gcn¢ral 1,197 15.376 {15,708) 4,286 5,151 Endowmen¢ fylldi Pemianeni 377,589 4,286 (4.0441 34 369.225 Totl funds 378.786 11.090 19,752 34 374.376 Page 14 Dcarnrt Rgt. H16aKNEY¥PPZs7DJDR Pw18d16
The Thorpe and Simon Trust Notes to the Financial Statement5 for the Year Ended 5 April 2025 (continued) The spe£ific purpose5 foT whi¢h ihe funds arc to be applicd arc as follows.. Thc Pernancni F.ndowmcni fund was rcccievcd at the creation of the Trust and is rcpre8ented by investments hcld to generate unrestricted ineome for t in the fijnherdnce of ihc TTUSI'S chanble objcclives. Page 15 Dr>tt H16QKW4EY&PFIZS74D3DR P40 1714 18
The Thorpe and Simon Trnsl Notes to the Financi21 Statements for the Year EDded 5 April 2025 (conilnued) 16 Attily$ls ofn¢t xsseti between funds Ullrestrl¢t¢d futtd$ Gtn¢rxl EDdownnt fund$ PenDtsent Total fund$ at S April 2025 Fixed ass¢t invcs¢mcnts 618.836 4294 618.836 59,999 (1.640 55,705 (1.640) C liabihties Total net a&sets 54.065 623,130 677,195 Unrestrleted funds G¢nerAi EDdowmellt runds Pemanent Total fund5 at 5 April 2024 Fixed asset investsnenis CuTreTht assets Current liabilitics 366.492 4,294 (1,560) 366.492 14,245 (6.361 9.951 (4,801) Total nei ets 5,150 369,226 374,376 17 Related pxrty trAny*ctioTr¥ There were no relaied parry traLsa¢ti0tt8 in the year. Page 16 P4y18dl8